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Silicon
Valley firms look to India for HR pool
Bangalore: India appears to be gaining ground over
Silicon Valley, with an increasing number of startup and
early stage IT companies preferring to have most of their
human resource pool here, while maintaining a lean team
in the US.
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Grasso
quits as NYSE chief
New York: New York Stock Exchange (NYSE) chairman
Richard Grasso, whose $140 million pay package outraged
Wall Street, was forced to resign from the post he held
for eight years.
According
to a report on thestreet.com, Grasso stepped down during
an emergency session of the NYSE board yesterday group
of angry directors decided the exchange couldn't withstand
further controversy over Grasso's outsize package.
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Yahoo
sees sponsored search business doubling
San Fransisco: Internet portal Yahoo Inc. expects
revenue from sponsored search queries to more than double
by 2006, its chief financial officer said on Wednesday.
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Ex-Merrill
bankers charged in Enron case
Houston: Three former Merrill Lynch bankers pleaded
not guilty on Wednesday to charges they conspired to help
client Enron Corp. record a phony profit and pad its earnings
with a loan disguised to look like a sale.
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