July 22nd, 2010
Dell Inc. (Nasdaq: DELL) is expected to buy Silicon Valley-based hardware and software maker Ocarina Networks Inc., officials said Monday.
The Round Rock-based computer maker, which employs about 16,000 in Central Texas, said Ocarina will be rolled into its storage technology business unit, which includes enterprise array EqualLogic. The deal is expected to close this month […]
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Filed under: legal by Forest
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July 14th, 2010
U.S. relief organizations have raised $1.3 billion in donations over the six months since an earthquake devastated Haiti, according to a philanthropy expert.
While much of the money is yet to be spent, even more will be needed to rebuild the battered nation.
The donations have been enough to provide basic necessities such as food and […]
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Filed under: news by Forest
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June 26th, 2010
The Nashville Convention & Visitors Bureau hopes World Cup fever has hit Nashville.
In an effort to bolster the city’s chances of hosting games if the tournament comes to the U.S. in 2018 or 2022, the bureau is hosting a viewing party for the World Cup final Sunday, July 11 at LP Field. The event is […]
Filed under: management by Forest
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June 23rd, 2010
Two downtown St. Louis projects — The Laurel and the Park Pacific — have $108 million in AFL-CIO financing, and are expected to generate 1,111 union jobs, according to a report from the AFL-CIO.
Ted Chandler, chief operating officer of the union’s $3.7 billion Housing Investment Trust, said Monday that the projects "offer an […]
Filed under: economics by Forest
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June 16th, 2010
State lawmakers put off a shutdown of government operations Monday, with both houses securing enough votes to approve emergency spending for the 11th consecutive week.
This extension, forwarded by Gov. David Paterson, does include several hundred million dollars in reduction in health care and human services.
The stat Senate approved the measure 34-27 while the Democratic-led Assembly […]
Filed under: business by Forest
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June 5th, 2010
BP’s debt rating, a key indication of the corporate world’s outlook for the company, was downgraded Thursday by two of the three major credit ratings agencies for the failure to plug a massive oil leak in the Gulf of Mexico.
Fitch Ratings downgraded two key BP debt ratings to "AA" from "AA-plus" and placed the […]
Filed under: business by Forest
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May 3rd, 2010
Edgewood Partners Insurance Center, better known as EPIC, said Thursday it’s acquired Jeffrey Stephens Insurance Services, a San Rafael-based retail insurance brokerage.
Financial terms were not disclosed, nor was the exact size of the Marin brokerage.
EPIC said that founder/principal Jeffrey Stephens and his team will move to EPIC’s downtown San Francisco office, which it said now […]
Filed under: marketing by Forest
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April 21st, 2010
Toyota has announced that it will now check all of its SUVs for problems similar to the one uncovered by Consumer Reports in the Lexus GX 460 SUV.
The magazine said Tuesday that there was an increased risk of rollover during a turn, a problem it discovered during routine tests. It urged car shoppers not […]
Filed under: marketing by Forest
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April 5th, 2010
AirTran Airways had another record quarter for traffic, the airline said Monday.
Traffic, also known as revenue passenger miles, jumped 7.5 percent to 4.4 million in the first quarter. Traffic also spiked 9.6 percent in March.
Load factor — how full planes were — was also up by 0.9 percentage points to 77.2 percent in the first […]
Filed under: news by Forest
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March 31st, 2010
NAGOYA, Japan — The airy new Sony store in this central Japanese city has floor-to-ceiling windows, sleek white counters and friendly employees, called stylists, who offer advice and tailored counseling on Sony gadgets.
“It’s just like the Apple store,” laughed Yuka Hara, 23, a publishing company employee who was one of thousands of […]
Filed under: money by Forest
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