Latest financial news.
CSC grabs outsourcing contracts, awaits potential buyer, 11/15/05
Computer Sciences Corp. continued to gussy itself up this week with two major outsourcing contracts worth millions.
Enterasys agrees to be bought out by two private investment firms, 11/14/05
Enterasys Networks this week agreed to a $386 million buyout offer by two private investment firms.
XO spins off wireline to go wireless, 11/14/05
XO Communications this week said it is spinning off its wireline assets to focus on fixed broadband wireless service to businesses and service providers.
SBC management will lead the new AT&T, 11/10/05
AT&T, the company set to burst forth from the merger of SBC Communications and AT&T, will be led mostly by long-time SBC executives, according to a management lineup announced Thursday.
Yahoo drops out of AOL bidding, 11/10/05
Yahoo scuttled talks to take an interest in America Online after learning the proposed terms of the deal, a company spokeswoman said Thursday.
Cisco’s quarterly sales, profit decline, 11/09/05
Cisco posted first quarter revenue and earnings down slightly on a sequential basis but up from a year ago.
