Finance News & Articles

PayPal is taking a new route to get your money, it's taking its wallet offline.

Social networking is big. Even in China, where access to information is supposedly filtered and censored strictly, hundreds of millions of netizens use social networks for personal and business purposes. Sources from the financial sector say that the Chinese government is keen on securing enough Facebook shares of stock in order to have some clout in the company.

IT budgets, almost without exception, are among the primary fiscal drains on almost any company’s annual budget. There are few budget categories that can have the dramatic, direct impact on fiscal and operational performance that IT can.

Because of this, Return on Investment (ROI) and Total Cost of Ownership (TCO) have become unlikely household terms in the annals of IT.

Global enterprise CMS player Interwoven has announced its financial results for the three and six months ending June 30, 2007. Total revenues for the six months preceding July hit US$ 107.3 million, a 12 percent increase from US$ 95.5 million in the same period last year.

SaaS-based CRM purveyor NetSuite, managed by Oracle’s Larry Ellison, filed for an auction-style IPO with the Securities and Exchange Commission on Monday.

NetSuite is considered a direct competitor to Salesforce, which in April bought its way into the CM space.