Feeds

Reuters slashes 1000 jobs to focus on Net

QXL concerned about Ricardo's b2b set up

  • alert
  • submit to reddit

The essential guide to IT transformation

Reuters is to slash over 1000 jobs as part of its drive to refocus the company on the Net. A spokesman for the company said that the changes would involve a relocation of resources, and could include new hires as well as job cuts. The company has also formed a series of internal divisions that it plans to float off separately.



QXL's jitters over its planned buyout of Ricardo.de are due to price and the German online auction group's B2B operation, sources close to QXL told today's

The Wall Street Journal.

QXL is currently in talks over the acquisition following information which came to light after the deal was first announced. B2B venture RicardoBiz.de was reported to be one of the main attractions for QXL, but according to Ricardo the business to business market has not developed as expected.



Lastminute.com has bought France's biggest e-travel company, Degriftour Group, in a £58.9 million cash and share deal. Digriftour has half the French marketshare based on 1999 sales and 250,000 customers.




Raw Communications - which provides financial information via video over the Net - is set to float next year, according to the

FT.

Backed by Intel and 3i, among others, the venture is valued between £500 million and £1 billion.




Barclays and Freeserve have collaborated on the launch of the new Internet services site, ClearlyBusiness.com. The companies have spent an estimated £10 million on the venture in which Freeserve will hold a 60 per cent stake. A spokesman for ClearlyBusiness said that it would make money through advertising revenues, subscriptions and e-commerce fees.



The b2b portal has gone live some three months later than planned. The outfit has enough cash to last two years.

More dotcom deals can be found at Cash Register ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.