Computer maker Dell has clinched a record $67bn (€59bn) technology deal to buy data storage company EMC.

China has resumed work on a set of banking cyber security regulations it suspended earlier this year, reviving a potential source of friction with the US weeks before Xi Jinping makes his first trip to Washington as China’s president, sources said.

Hackers are exploiting Microsoft’s offer of free upgrades to its new Windows 10 operating system, researchers have said.

EMC, the maker of storage computers facing pressure from an activist shareholder to break up, said it will acquire most of Cisco Systems’ stake in joint venture VCE, which sells high-end data center equipment.

VMware is boosting its push into the $440bn (€333bn) data centre market long dominated by the likes of Microsoft, Cisco Systems, and IBM. 

The Dow Jones industrial average hit a record on Friday, but without much conviction after a choppy day of trading during which investors couldn’t make up their minds whether to buy or sell.

A positive report on US consumer spending helped push most stocks higher for the first time in three days.

Hewlett-Packard is being removed from the Dow Jones Industrial Average, a sign of waning confidence in the company’s turnaround efforts amid a historic slump in the PC industry.

A coalition between EU governments and industry has been launched to fill the estimated 900,000 jobs in ICT currently unfilled.

SATURDAY

London’s FTSE 100 Index made tentative gains today as bank shares continued to shrug off the sector’s mounting Libor rigging scandal.

EMC, one of the leading tech companies in Cork, announced quarterly results yesterday in line with expectations, while VMware — 80%-owned by EMC — spent over €1bn acquiring Nicira.

More than 300 of Ireland’s internet community will gather in Dublin this Friday for the dot conf a conference which seeks to support the growth and development of the web industry in Ireland.

Galway is in line for a jobs boost later today as Cisco Systems is expected to announce plans to expand its workforce in Oranmore by 100.

US stocks closed sharply lower after Federal Reserve chairman Ben Bernanke offered no new insight into whether the central bank will act soon to prop up the economy.

Billionaire investor Warren Buffett has hosted a private gathering at an Arizona resort for American billionaires who have pledged to give away at least half their wealth.

A TRANSITION-YEAR student with an inventor’s flair has scooped a top prize for her business idea.

Luxembourg: Skype Technologies chief executive Tony Bates will fuel growth by adding corporate partnerships and hiring engineers to build new products as the company readies for an initial public offering.

UP to 35 Irish companies looking to build a presence in the US are to be given the ideal start in a new Irish Innovation Centre which is to open there in January.

Wall Street broke a two-day slide today as investors cherry-picked insurance, technology and home-building stocks on bits of welcome news for those industries

Creditors of collapsed Lehman Brothers have asked a US judge to allow an investigation into whether JPMorgan played a role in weakening the investment bank as it headed towards bankruptcy.

Wall Street logged another winning day today as a drop in oil prices and a better-than-expected profit report from technology bellwether Cisco Systems helped corral the market's worries about the financial sector.

Wall Street closed mixed today, recuperating from a sharp plunge as investors snapped up bargain stocks on rumours that a bond insurer rescue plan is progressing and upbeat comments from Cisco Systems and Amazon.

Wall Street closed another difficult session lower but well above its worst losses today after a late-day rebound in financial shares lifted many other stock sectors.

APPLE chief executive Steve Jobs can start selling the iPhone in the US in June as planned after agreeing to share the name with Cisco Systems and averting a court case.

Cisco Systems and Apple have agreed to share the "iPhone" name, but both US companies are staying tightlipped about what future products might come from the resulting deal to collaborate on "interoperability" between the companies' products.

TECHNOLOGY firms are supposed to prop up US earnings growth this year, helping the stock market move higher.

Apple’s much-hyped iPhone was unveiled this week after 30 months and millions of dollars in top-secret development.

US technology giant Cisco Systems is to create 200 jobs in a €40 million investment in a research and development centre in Galway.

BASEBALL is a game tied closely to heritage and tradition, the markers of a glorious past. But in California, the Oakland Athletics and Cisco Systems are working on the stadium of the future. Michael Moynihan reports.

Investors concerned over erratic oil prices and a slowing economy sent stocks lower today despite strong earnings from Cisco Systems and the Federal Reserve’s pause in raising interest rates.

Wall Street ended an uneasy session mostly lower today and bond prices tumbled after the Federal Reserve suggested it might not be finished raising interest rates if they are needed to fight inflation caused by soaring energy and commodities prices.

Wall Street ended today mixed, with an analyst’s upgrade of General Motors carrying the Dow Jones industrials to a fresh six-year high and within reach of its all-time best close.

HEWLETT-PACKARD (HP) is to invest over €1 million in establishing an all-island centre of excellence for research into the uses of IT in education at its Belfast premises.

China today defended its right to police the internet, one day after four American technology giants appeared before Congress on charges they collaborated with Beijing to crush dissent in return for access to a booming internet market.

A drop in oil prices and strong earnings at PepsiCo and Cisco Systems propelled stocks higher today, with the Dow Jones industrial average surging more than 100 points.

Oil prices that soared to US$65 (€52.48) a barrel choked off an early rally on Wall Street today, pummelling the market's optimism about the economy in the process.

US Stocks tumbled sharply on Wall Street today as rising crude oil prices prompted Delta Air Lines to warn of possible bankruptcy and the rumour mill chewed over the possibility of hedge fund losses due to steep investments in troubled vehicle manufacturer General Motors.

ENTERPRISE Minister Micheál Martin heads an Enterprise Ireland delegation on a four-day visit to America that starts today.

Venture capital investment in Irish companies has increased dramatically in the first quarter of 2005, with the €75.4m invested more than twice the amount invested in the previous quarter.

DUBLIN IT systems company Xpert Technology has been snapped up by British rival Redstone for €38 million.