Wednesday, February 25, 2009

IT News HeadLines (TechWeb) 25/02/2009



Obama Says Stimulus is for Helping People, Not Banks
Pres. Obama attempted to sell his economic stimulus package to the country, saying recovery will only occur when credit starts to flow again.
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CATEX Releases Pivot Point 2.0 Reinsurance and Insurance Transaction System Platform
Redesign features .NET upgrade and client/market extranet.
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Obama Warns of Costlier U.S. Financial Fix
President Barack Obama acknowledged Tuesday what many economists, investors and lawmakers have long suspected -- repairing the U.S. economy will cost more than the trillions of dollars already committed.
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Citrix Taps VMLogix For Hypervisor Management System
VMLogix's cross-platform LabManager and Stage Manager hypervisor management tools will be key elements of Citrix Essentials for XenServer and Hyper-V.
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Concerns for Australian fires as weather warms
Australian firefighters battled seven wildfires in the southern Victoria state on Wednesday, hoping to control the flames before expected higher temperatures hit the fire-ravaged state on Friday.
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Zurich Financial Sees Tougher 2009
Zurich Financial Services AG will find this year tougher than 2008, when profit fell 47 percent, a senior executive of the Swiss insurer said on Wednesday.
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MajescoMastek Elixir Distribution Management Makes North American Debut
Standalone distribution system within MajescoMastek's flagship Elixir Suite of product allows a carrier to manage the entire distribution landscape, according to the Vendor.
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US Mortgage Applications Down, Led by Refinancing
U.S. mortgage applications fell last week, reflecting a sharp drop in demand for refinancing as mortgage rates ticked higher, an industry group said on Wednesday.
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Time for ID Theft Victim’s Bill of Rights, Industry Group says.
Crisis is making a bad problem worse, says The Santa Fe Vendor Council.
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Motorola Rolls Out WLAN Products
The company's advanced troubleshooting tool and RF manager are described as a "self-healing networked on steroids."
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Microsoft Won't Build Its Own Smartphone
CEO Steve Ballmer said he'll continue to focus on selling the software that runs mobile devices and let Apple iPhone have its "mojo" in the consumer market.
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NASA Investigating Satellite Failure
Had the launch been successful, it would have sent one of Orbital Sciences' LEOStar-2 spacecraft about 400 miles above Earth to measure carbon dioxide levels.
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Borland Adds Visibility Into Software Development
The company's new TeamInspector product monitors progress on multiple projects, separating out key statistics and indicators and presenting them in a single dashboard.
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News from BAI Transpay 2009: Panini Launches New Small Business RDC Check Scanner
Capabilities include dual-sided image capture and advanced reading technologies.
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Novell, VMware To Create Virtual Appliances For Linux
The collaborative deal affords ISVs using VMware Studio a free evaluation redistribution of appliances built on SuSE Linux Enterprise.
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Microsoft Says Windows 7 Heading To Netbooks
CEO Steve Ballmer said the company plans to maintain Windows XP's dominance on netbooks with its next operating system release.
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News from BAI TransPay 2009: SunTrust Implements Orbograph Sereno
Image-based fraud detection solution is helping reduce check fraud losses.
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Meraki Launches 802.11n Access Point
The networking startup is trying to differentiate its products by having a lower price point and offering a hosted solution for network management.
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VMware Adds To Data Center Operating System
vCenter Server Heartbeat and vShield, launched at VMware's user group meeting, bring the company closer to supplying the data center operating system via its virtual machine management capabilities.
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Google App Engine Now Ready To Take Your Money
The launch of a billing system for its Web application hosting platform puts Google in competition with Amazon Web Services and Microsoft's Azure Services Platform.
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Ballmer Says Microsoft Won't Ship Office 14 This Year
Slow PC sales may have eased demand for a Web-based version of the Word, Excel, and PowerPoint bundle.
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Apple Releases Safari 4 Beta
The latest addition to the Web browser wars, according to Apple, is faster and "more innovative" than Internet Explorer, Firefox, and other competing apps.
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Nokia Increases Cost-Cutting Measures
With the mobile market expected to decline by nearly 10%, Nokia wants some employees to accept buyout packages, and it's encouraging unpaid leaves and sabbaticals.
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