IBM regains top computer server spot
New York: International Business Machines reclaimed the top market share spot among computer server companies worldwide during the second quarter, pushing Hewlett-Packard back into second place, according to market research firm IDC.
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Swiss Re H1 profit jumps six-fold to $486m
Zurich: Swiss Re has posted an almost six-fold jump in first-half net profit, beating forecasts as non-life premium income surged and it shook off the impact of a weak dollar.

Reporting the day after industry leader Munich Re posted its fifth straight quarter of red ink, the Swiss firm said the full-year outlook was for continued improvements in operating performance.
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Nokia launches new mobile phone for China
Helsinki: Nokia, the world's biggest mobile phone maker on Friday launched its first CDMA-based cellular phone for the Chinese market, part of the Finnish company's bid to maintain its lead over competitors by targeting first-time users in emerging markets.
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IBM and P&G in exclusive talks for HR contract
New York: International Business Machines Corp. is in exclusive negotiations to take over some human resources tasks from Procter & Gamble Co., the companies said
on Thursday.

The Cincinnati consumer products company would transfer about 700 of its employees, who handle the company's compensation, payroll, benefits, administration and employee services, a P&G spokesman said.
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IBM, LiteOn double recall of computer monitors
Washington: Computer giant IBM and LiteOn Technology have more than doubled a recall of computer monitors that can overheat and pose a fire hazard, the U.S. Consumer Product Safety Commission said on Thursday.
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NYSE gives its chief $140m, SEC curious
New York: The New York Stock Exchange on Wednesday said it paid out almost $140m to chairman and CEO Richard Grasso in accrued savings, benefits and incentives, and extended his contract by two years, until '07.

The announcement is the first time the exchange has publicly disclosed the compensation of its top boss and public face, and has raised questions about how much the exchange pays its top officials.
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