US president George Bush has approved a £6.2bn ($11.8bn) merger between French telecommunications equipment manufacturer Alcatel and US firm Lucent Technologies.
Pan-European exchange Euronext has said that savings in IT costs from the proposed merger with the New York Stock Exchange could allow it to cut trading fees by 10% to 15%.
The government has announced the establishment of the Payments Industry Association to oversee the governance of payment systems, as new rules are rubber-stamped to introduce a quicker cheque-clearing process.
Microsoft has until 23 November to deliver satisfactory code for its workgroup server protocols to rivals, or otherwise face a daily fine of up to £2m from the European Commission.
Barnsley Council has begun work on the first of a series of business transformation projects that it plans to fund from back-office efficiencies created by an outsourcing deal.
In a move that could be as profound as it is surprising for two former rivals, Microsoft and Novell have announced a set of broad business and technical collaboration agreements that affect server-based computing.