Sun Microsystems to cut 3000 jobs
Sun Microsystems has announced that they would cut around 3000 jobs sometime next year.
Sun is in the process of getting acquired by Oracle and they are looking for approval from the European regulatory bodies.
The delay means that Sun is losing money and they have to cut costs to stay [...]

Fiat gets approval to acquire Chrysler
The European Commission has given its approval to Fiat to acquire Chrysler.
EU said in a statement that they are confident that the deal would not hurt competition in the European markets.
European Commission added in a statement: “The Commission’s examination of the transaction showed that the horizontal overlaps between the [...]

Nokia expected to complete Navteq acquisition soon
Mobile phone maker Nokia has said that they are closing in on completing the acquisition of navigation group Navteq.
The company has received clearance from the regulatory bodies in Brussels for this acquisition.
They said in a statement: “Nokia has now received all approvals for the purchase and expects to close [...]

Microsoft now appealing the $1.39 billion fine imposed by European Commission
US based software giant Microsoft has revealed that they are now appealing the historic $1.39 billion fine imposed on them by the European Commission.
This fine was imposed on the company for failure to comply with a 2004 antitrust order.
Microsoft Spokesman Jack Evans added in a [...]