Saturday, February 27, 2010

IT News HeadLines (TechWeb) 27/02/2010



AIG Posts $8.9 Billion Loss, But Chartis Unit Improves
American International Group Inc reported a quarterly loss of $8.9 billion Friday, hurt by charges related to U.S. loan payback and loss reserves, but in a glimmer of hope its general insurance operations improved.
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Facebook Patents News Feeds
Social networking site claims exclusive method for organizing and posting members' news updates.
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DHS E-Verify Program Flawed
The Department of Homeland Security's online verification system wrongly identifies unauthorized workers more than half the time, study says.
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Biden to Unveil New Rules on U.S. Retirement Savings
Vice President Joe Biden will unveil today rules to help protect workers' retirement savings accounts as he delivers an annual report of his middle-class task force, a White House official said.
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Punjab & Sind Bank Signs 10-Year Outsourcing Contract with Wipro
Bank to shift major IT infrastructure and services from Satyam to Wipro.
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Sircon Renews Partnership with NIPR
Together the companies provide producer licensing and compliance automation services to state regulators, insurance companies, agencies, and individual producers
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AMD Intros ATI Radeon HD 5830
The graphics card supports up to three monitors and has processing power of 1.79 teraFLOPS.
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Bernanke Wants Answers on Goldman Role in Greece
U.S. regulators are probing how Wall Street firms like Goldman Sachs helped debt-stricken Greece arrange derivatives deals that critics say were used to disguise the size of its budget deficits.
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Inmate Named in Extortion Bid of Hedge Fund SAC
So there's this rabbi, a famous hedge fund manager, and a securities swindler who was convicted last year of running a $13 million Ponzi scheme.
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NComputing Cuts Virtualized Desktop Costs
With an extra-slender thin client and its vSpace software, NComputing has virtualized 2.5 million desktops.
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Pacific Life Promotes Senior Tech Execs, Others
Philip Teeter has been named SVP, technology for the carrier's annuities and mutual funds division; and Dawn Trautman has been promoted to SVP, IT and strategic planning, life insurance.
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Apple iPhone Users Buy More Apps
Users of competing mobile devices appear to be less keen to open their wallets.
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New York City's Underbanked Population: Growing and Mistrustful of Banks
New research show 13 percent of New York City households lack bank or credit union accounts.
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Global CIO Quick Take: Don't Crown Salesforce Cloud King Just Yet
CEO Marc Benioff has something most companies don't--blockbuster sales results. But in his latest market expansion, he's in for a fight.
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Google Culls Gmail Labs
The company is promoting six Gmail Labs experiments and getting rid of five.
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Server Market Data Signals Rebound
Data on worldwide server sales indicates that businesses are starting to increase spending on their IT infrastructures.
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Shuttle Discovery Preps For Mission
Flight to the space station is one of just four remaining launches in NASA's shuttle program.
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Microsoft Decapitates Waledac Botnet
A major source of spam and malware has been cut off from its controllers.
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Microsoft Licenses Multimedia File System To Panasonic
Panasonic will license Microsoft's exFAT file system, which makes it easier to exchange multimedia files across devices.
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FCC Wants Broadband Public Safety Network
As part of the National Broadband Plan, the FCC wants to make a portion of the 700-mhz spectrum available for a nationwide wireless public safety network.
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Palm Sales Lower Than Expected
Tough competition from Android handsets and Apple's iPhone hurt Palm's quarterly revenue forecast.
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Senate Considers P2P Security Bill
Legislation would require software developers to tell users when files are being shared via peer-to-peer networks.
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Obama Seeks Republican Agreement at Health Summit
President Barack Obama opened a last-ditch bid to save his stalled healthcare reform Thursday, convening a televised summit with Democratic and Republican leaders.
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Intuit Unveils Quicken Essentials For Mac
The software is the first version of Quicken built from the ground up for use on Apple's platform.
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Analysts Weigh In on Healthcare Summit
Analysts discuss the impact of Thursday's Bipartisan Healthcare Summit.
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