BUSINESS NOTES.SUN SUES MICROSOFT: Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. Inc. took a bitter public dispute with Microsoft Corp. to court on Tuesday, claiming its arch-rival distorted a popular Sun programming language so that it works only on Windows computers and not rivals' machines. Java, touted by Sun as the next big advance in computing, is supposed to enable developers to write software that runs on all computers, from Windows PCs An x86-based computer that runs some version of Windows. See x86 and Windows. to Sun business machines to Apple Macs. Sun licenses the language to 117 software developers, including Microsoft and major computer makers such as International Business Machines Corp. ?13- Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. SAFRA SELLS 1,000-YEAR BONDS: Edmond Safra Edmond Jacob Safra (Arabic: ادموند يعقوب صفرا , the Lebanese patriarch of the global banking family, put his stamp on the bond market by selling 1,000-year bonds - the first such offering by a company this century. Luxembourg-based Safra Republic Holdings SA sold $250 million of bonds, taking advantage of the lowest U.S. bond yields in 19 months and investor optimism that the rally will continue. Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc. bought the bonds and is selling them to investors at a yield as much as 0.94 percentage point more than the benchmark 30-year U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. bond. ?13- Bloomberg News WAL-MART TO EXPAND: Wal-Mart Stores Inc. said it will open about 185 stores in the fiscal year beginning Feb. 1 in a plan to boost merchandise and food sales. The Bentonville, Ark.-based company said the openings will include 120 to 125 supercenters, 50 discount stores and about 10 Sam's Clubs stores. The retailer has 2,771 stores. The world's largest retailer said about 90 of the supercenters would be expansions or relocations of its discount stores. Supercenters combine Wal-Mart's traditional discount stores with grocery stores. ?13- Bloomberg News |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion