2010 profit projections may be too optimistic

News is showing that 2010 profit projections may be too optimistic and the proposed budget for 2011 will flatten federal IT spending. Take a look at some of the latest news in the industry.

Microsoft and Yahoo have received clearance from regulators in the U.S. and EU to proceed with their search agreement. Now the real fun—integrating people, technology and processes—begins. Read more…

Stock index gains have stalled amid concern that Wall Street analysts have grown too optimistic about corporate profits in 2010. Read more…

President Barack Obama's 2011 budget proposal would flatten federal IT spending and require federal agencies to consolidate IT operations. Read more…

The WashingtonPost.com headline "Whiteout paralyzes region" summed up life in the nation's capital earlier this month as back-to-back storms blanketed the region with more than two feet of snow. Read more…

Schlumberger, the world’s largest oil field services company, said Sunday it would merge with Houston-based Smith International in an all stock transaction valued at about $11 billion. Read more…