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Microsoft elevates server unit, promotes Muglia

Longtime Server and Tools unit head Bob Muglia is now president of the company's server unit.
Posted 06 January 2009 06:47 § Business Tech ‡ Comments (0) °

Investors collect profits after last week’s rally (AP)

A trader works on the floor of the New York Stock Exchange January 5, 2009. (Shannon Stapleton/Reuters)AP - Caution returned to Wall Street Monday as investors gave back some gains from last week's rally even as they found encouragement from President-elect Barack Obama's calls for an economic stimulus package.


Posted 06 January 2009 06:05 § Stock Markets ‡ Comments (0) °

Congressmen sound off against SEC in Madoff affair (AP)

In this Dec. 17, 2008 file photo, Bernard Madoff, chairman of Madoff Investment Securities, returns to his Manhattan apartment after making a court appearance in New York. (AP Photo/Jason DeCrow,File)AP - Republican and Democratic House members said Monday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission.


Posted 06 January 2009 05:51 § Stock Markets ‡ Comments (0) °

Fed buys MBS in latest unconventional move (Reuters)

Reuters - The Federal Reserve on Monday kick-started its latest unconventional program to boost the moribund economy, this time taking aim at the heart of the slumping housing market.
Posted 06 January 2009 05:21 § Business ‡ Comments Off °

U.S., Germany mull tax cuts (Reuters)

German Chancellor Angela Merkel is pictured at the Chancellery in Berlin, December 30, 2008, after the recording of her annual television New Year speech. (Michael Gottschalk/Pool/Reuters)Reuters - The prospect of new tax cuts in the United States and Germany injected a measure of New Year cheer on Monday, even as automakers wrapped up 2008 as their worst in more than 15 years with yet another month of slumping U.S. sales.


Posted 06 January 2009 05:21 § Stock Markets ‡ Comments (0) °

GE’s finance arm launches $10 billion FDIC-backed debt (Reuters)

Jeffrey R. Immelt, chairman and chief executive of General Electric leads a discussion with business leaders at an Ecomagination news conference at Universal Studios in Los Angeles May 24, 2007. (Fred Prouser/Reuters)Reuters - General Electric Co's finance arm on Monday launched a $10 billion sale of FDIC-backed debt, the largest sale under the government guarantee program since its inception last November.


Posted 06 January 2009 04:53 § Business ‡ Comments Off °