Business News

Cisco joins cloud computing race with $1 billion plan

Cisco Systems Inc plans to offer cloud computing services, pledging to spend $1 billion over the next two years to enter a market currently led by the world’s biggest online retailer Amazon.com Inc. Cisco said it will spend the amount to build data centers to help run the new service […]

JPMorgan top China banker Fang to leave amid hiring probe

JPMorgan Chase & Co’s (JPM.N) chief executive for China investment banking, Fang Fang, will leave the firm, according to an internal memo – a departure that comes amid a probe of JPMorgan hiring practices in Asia. The memo gave no reason for his resignation. The Wall Street Journal, which first […]

Vodafone agrees $10 billion deal to buy Spain’s Ono

Vodafone Group Plc has agreed to buy Spain’s largest cable operator Ono for 7.2 billion euros ($10 billion), in the latest move by the British group to rebuild its European operations with a broadband offering. Vodafone said on Monday the deal would enable it to offer a combination of mobile […]