Stories about: Wall Street

Sun is laying off 15 percent to 18 percent of its employees as part of a restructuring plan aimed at saving $700 million to $800 million a year, and its top software executive is leaving the company, Sun said Friday.

Yahoo will lay off at least 10 percent of its global staff before the end of the year, the company announced on Tuesday along with disappointing financial results for its third quarter.

The full depth of IT's involvement in Wall Street's meltdown is unknown, but one plan to stop it from happening again calls upon a growing IT trend: open source.

Intel's lawyers are evaluating whether a new manufacturing business spun out of Advanced Micro Devices could end a long-standing cross-licensing agreement between the firms.

By splitting off its manufacturing operations into a separate company, Advanced Micro Devices could be on track to become the nimble, innovative company that once had Intel on the run.

The collapse of Wall Street may help make computer science and IT careers attractive to students who abandoned these fields in droves after the pop of the last big bubble, the dot-com bust of 2001.

Microsoft Monday said it would ship Windows HPC Server 2008 on November 1 with designs on challenging Linux for supplying high-performance computers and specifically taking aim at ailing Wall Street customers.

The U.S. Department of Justice has hired a high-profile antitrust attorney to help it review, and possibly challenge, Yahoo's agreement to outsource part of its search advertising business to Google, The Wall Street Journal reported Tuesday.

Novell Thursday posted a net income loss of $15 million for its fiscal third quarter fueled by a charge related to its "auction-rate securities."

Advanced Micro Devices has thrown down the gauntlet to graphics rival Nvidia, unveiling a graphics card that runs two graphics chips.

Paul Cormier is Red Hat's executive VP and head of Red Hat products and technologies divisions. His experienced thumb is firmly planted in many Red Hat pies; including engineering, product management and product marketing. The company credits the introduction of Red Hat Enterprise Linux (RHEL) to Cormier's leadership and experience in enterprise technology. Cormier has returned Down Under on another visit to Red Hat's research and development team in Brisbane, and took some time out to chat with Computerworld about the anticipated boom in virtualisation, cloud computing, Microsoft's open source initiatives, CentOS, JBoss Application Server 5.0, how open source software can aid the current economic downturn, and of course, the growing role of Linux and RHEL in the enterprise.