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All eBusiness News - May 2008

SAS charged for stealing rival airline's data

News
Author: Warwick Ashford
Date: 23 May 2008

A court has ordered the Norwegian division of multinational airline Scandinavian Airline Systems to pay £13m in compensation to low-fare airline Norwegian Air Shuttle for stealing confidential data from its rival's computer system.

Icahn attempts to depose Yahoo board over failed Microsoft takeover

News
Author: Antony Savvas
Date: 16 May 2008

Yahoo activist director Carl Icahn is attempting to depose the Yahoo board over its handling of the failed Microsoft takeover attempt.

CHAPS euro clearing system to be switched off today

News
Author: Antony Savvas
Date: 16 May 2008

The Chaps Euro clearing system will close after nine years of service at the end of today (16 May).

BT pays off the doubters with increased share dividend after flat profits for the year

News
Author: Antony Savvas
Date: 15 May 2008

BT has posted another poor set of results, reporting flat pre-tax profits for the year and a tiny increase in sales.

Norwich Union signs £300m deal with Cable and Wireless

News
Author: Jean-Paul Kamath
Date: 13 May 2008

Aviva Insurance Group, which owns Norwich Union, has signed a six-year IT outsourcing contract worth £300m with Cable and Wireless.

HP considering EDS acquisition

News
Author: Antony Savvas
Date: 13 May 2008

HP is considering buying IT outsourcing firm EDS for as much as £6.5bn, according to The Wall Street Journal.

FSA calls for clarity in insurance comparison websites

News
Author: Antony Savvas
Date: 09 May 2008

The Financial Services Authority (FSA) has called for all insurance comparison websites to provide consumers with clear, fair information.