News

Capita has won a five-year, £145 million deal to run the congestion charge, which it helped set up in London 11 years ago.

Oracle edges out IBM to clinch $7.4bn deal with Sun Microsystems

The American IT giant Oracle has agreed to buy rival Sun Microsystems for $7.4bn (£5.1bn) just two weeks after Sun's talks with IBM fell apart. Oracle announced the $9.50 per share cash deal before the market opened in the US yesterday in a move that chief executive Larry Ellison promised would "transform the IT industry".

IBM pulls $11.8bn Sun bid

IBM withdrew its offer to buy Sun Microsystems for about $7 billion over the weekend, clouding the prospects for a deal that would have shaken up the computing industry, AP has learned.

Sun and IBM in talks over $6.5bn merger

Shares in Sun Microsystems, the pioneering IT company, surged on news that rival IBM has suggested a takeover at twice the previous price.

Cisco takes on IBM and HP with 'blade server' plans

Cisco Systems wants a bigger chunk of the corporate computing market, and plans to start selling servers in competition with old partners like Hewlett-Packard and IBM.

Bletchley Park receives £57,000 donation

Efforts to save Bletchley Park, the historic site where wartime code-breakers cracked the Germans' infamous Enigma code, from further disrepair have been given a boost by a donation of $100,000 (£57,000) from two large American hi-tech firms.

The number of gay people in senior positions is growing

Women may have been battling the glass ceiling for 30 years, but for the lesbian, gay, bisexual and transgender communities – LGBT for short – equally pressing is the "pink plateau" that in many organisations still sidelines non-heterosexuals and denies them the pick of top jobs.

Business Essentials: 'Staying in touch is costing us too much'

As a software company has expanded, so have its phone bills. Kate Hilpern reports

Business Analysis: IBM sells PC unit to China for $2bn

Exit from personal computer market underlines Big Blue's attempt to reinvent itself

IBM hangs 'for sale' sign on PC business

IBM is in talks to sell its personal computer business, which 20 years ago drove the explosion of the computing market, in a deal worth up to $2bn (£1.03bn).

ITnet shares rise on bid approach

Shares in the IT services group ITnet surged yesterday as the company revealed it was in discussions that may lead to an offer, although it did not name its potential suitor. The shares jumped 9.5 per cent to 258.5p, valuing the group at £190m.

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