Archive for January, 2009

Despite Financial Gloom, Siemens Reports Earnings Increase

Wednesday, January 28th, 2009

Despite the overall financial gloom, German engineering giant Siemens got off to a good start in the new year. The company reported an earnings increase Tuesday, Jan. 27, while expressing a bit of cautious optimism. Earnings for the first quarter climbed 7 percent from a year ago to 19.6 billion euros ($25.6 billion), the company […]

Symantec CEO is top commerce secretary candidate

Wednesday, January 28th, 2009

John Thompson, outgoing chief executive of security company Symantec, is being considered for the post of secretary of the U.S. Department of Commerce, according to a news wire report on Tuesday. “He (Thompson) is the leading candidate,” Reuters quoted an unidentified senior Democratic source as saying. “He is still being vetted.” Thompson, who announced in […]

Germany Cabinet Approves Rescue Package to Lift Economy

Wednesday, January 28th, 2009

Chancellor Angela Merkel’s government agreed to implement a second economic stimulus package on Tuesday, Jan. 27. The program calls 50 billion euros ($66 billion) worth of investments, aid to businesses and tax breaks. The stimulus program, agreed to by Merkel’s Christian conservatives and Social Democratic Party earlier this month, calls for tax cuts and investment […]

Yahoo’s quarter: All eyes on Bartz

Tuesday, January 27th, 2009

Brand-new Chief Executive Carol Bartz deserves exactly zero blame or credit for the fourth-quarter financial results Yahoo will announce Tuesday afternoon, but the judgment of her abilities will begin in earnest when she bears the Internet pioneer’s tidings. That’s because Bartz so far has spent only 20 minutes on the phone with analysts as Yahoo’s […]