Bankers file suit against retailer TJX
The Massachusetts Bankers Association (MBA) has filed a class-action lawsuit against the TJX companies seeking tens of millions of dollars in restitution for banks that were forced to block and reissue thousands of debit cards following a breach of the retailer's computers three months ago. The MBA said that a final estimate of the costs its members incurred as a result of the breach is not yet available because the banks are still receiving lists of cards that were compromised.
Oracle buys maker of utility software
Oracle has agreed to acquire Lodestar, a maker of data management software for the utilities industry, as part of its ongoing effort to build up its vertical industry expertise. The companies didn't disclose terms of the deal, which is expected to close in May. Founded in 1978, Lodestar employs 125 people, most of whom are expected to become part of Oracle's utilities global business unit.
Sun posts second profit in a row
Sun reported its second consecutive quarterly profit after five quarters of losses.
Neiman Marcus says worker data stolen
Neiman Marcus has sent letters to nearly 160,000 current and former employees informing them of a potential breach involving their personal data. The company said that "computer equipment" containing the personal information was stolen from a third-party pension plan consultant working for the retailer. The stolen system held employee names, dates of birth, addresses, Social Security numbers, salaries and other information.
Wireless business boosts AT&T profit
AT&T Inc. said its first-quarter profit doubled because of increased revenue from its wireless operation and the success of its 2006 acquisition of BellSouth Corp.
Microsoft security tool to ship in May
Forefront Client Security, a Microsoft antivirus and anti-spyware tool that has been in development since 2003, will finally make its debut in May, Microsoft chief executive Steve Ballmer said last week in a speech in Amsterdam. Ballmer described the software, which is a combination of acquired and homegrown technologies, as an all-in-one security product for business PCs.
Adobe to make Flex tools open source
Adobe has announced plans to make the next version of its Flex software development kit available to the open-source community through Mozilla.org. The Flex tools are used by developers to build multimedia Internet applications. The new version, code-named Moxie, is slated to ship by the end of this year under the Mozilla Public Licence.