Deutsche Telekom signals more cuts

Germany's Deutsche Telekom wants to step up its efforts to cut labor costs and boost competitiveness by redeploying a large number of its civil servants and slimming down its bloated administration.

Deal gives Saudi firm access to lucrative markets

Saudi Telecom Co, the largest Arab telecom firm by market value, said it had agreed a $2.6 billion deal to buy 35 percent of Oger Telecom, gaining access to markets from Turkey to South Africa.

More firms sign up to green initiative

The Carbon Disclosure Project (CDP), a consortium of 315 top institutional investors assessing industries about their CO2 emissions, announced a new partnership on Sunday to extend its global initiative to companies and suppliers.

Biz People

Sarin spells out investment plans

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Business International

Mouse maker Logitech says Q3 profit jumped 42%

Logitech International SA, the world's largest maker of computer mouses, reported a 42 percent jump in fiscal third-quarter profit, helped by increased sales of remote controls and keyboards.

Oracle wins the day in bitter battle for BEA

Oracle Corp, the world's third-largest software maker, won a three-month-long campaign to buy BEA Systems Inc by raising its bid for the company by 14 percent to $8.5 billion.

US subprime cloud could have silver lining for Tata

Tata Consultancy Services Ltd, India's largest computer-services provider, said US clients are likely to send more contracts offshore to cut expenses as the world's largest economy falters.

SAP says it grew across the globe

Germany's SAP, the world's biggest maker of business planning software, said that 2007 results show broad-based regional growth and no signs yet of global economic weakness.

Immelt's overseas push may help GE beat slump

General Electric Co Chief Executive Officer Jeffrey Immelt's push to sell equipment and services abroad is likely to keep profit rising as the US economy slows.

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