The U.S. services sector is growing strong, providing additional evidence that the U.S. economy is recovering and might not need more stimulus funding. But that’s contingent upon oil staying below $120 per barrel.
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Microsoft Chairman Bill Gates has cut his stake in the world’s largest software maker — which he co-founded — by 13% over the past year, InformationWeek reported. In the last five years, the company has delivered far lower re…
The European Commission on Wednesday approved Intel’s $7.68 billion acquisition of security-software company McAfee. Regulators had been concerned that the deal would exclude competing software from working with Intel processor…
The outlook for IT spending this year is looking up. Research firm Gartner said Thursday it expects revenue to grow 5.1% from 2010, an increase from a previous forecast of 3.5% growth.
Continue reading Gartner:…
On-demand-software giant Salesforce.com just acquired a cloud software startup called Heroku for $212 million in cash. That’s par for the course these days as cloud computing goes from buzzword to reality. And venture capitalis…