Great American Promotes Jeff Kohl to SVP, IT Infrastructure
Kohl has led the founding of a new data center and disaster recovery site, consolidation of multiple data centers, virtualization of the growing server environment, implementation of a tiered storage environment, identity access management solutions, integration and consolidation of certain core services as well as telecom upgrades.
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Goldman CDS cost jump on SEC fraud charges
The cost to insure Goldman Sachs debt in the credit default swap market jumped Friday after the Securities and Exchange Commission said it has charged the bank with fraud in relation to risky subprime mortgage debt the bank sold.
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FDA Performance Tracking System Goes Live
The Food and Drug Administration has launched a public system for tracking the activities of 100 agency offices against key performance metrics.
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Wells Fargo Joins Green Electronics Recycling Group
Well Fargo on Thursday announced it joined e-Stewards, a group comprised of several companies and institutions that use electronics recyclers that meet certain standards for responsible electronics recycling.
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SEC Charges Goldman Sachs With Fraud in Structuring, Marketing of CDOs
"The product was new and complex but the deception and conflicts are old and simple," said Robert Khuzami, director of the division of enforcement.
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Wells Fargo Adds Software, Services to Corporate Cards
The bank's recently developed iPhone app for corporate treasurers may be reconfigured for the iPad if customers ask for it.
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European Insurers Calm Amid Volcanic Cloud Chaos
Airlines which stand to lose millions of euros from a cloud of Icelandic volcanic ash disrupting flights and closing airports across northern Europe are expected to have little recourse to recoup losses from insurance companies.
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Prudential Seeks HK Listing Hearing Thursday-Sources
Prudential aims to gain approval for its Hong Kong listing next week, sources with direct knowledge of the matter said, as it pushes ahead to fund its $35.5 billion takeover of Asian rival AIA.
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Broadband Plan Author To Leave FCC
Veteran government technology advisor and leader Blair Levin has been an advocate for spreading Internet usage among technologically underserved Americans.
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Paladyne Unveils Real-Time Portfolio Solution For Hedge Funds
Portfolio Master is a fully hosted and combines front and front-office trading tools and comprehensive middle- and back-office portfolio management functionality.
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Obama Mars Plan Too Far Out?
Republicans say the President's vision for NASA means the end of U.S. space leadership, and even some Democrats are questioning the plan.
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Microsoft, Google On Office Computing Collision Course
Microsoft, Google On Office Computing Collision Course
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Global CIO: WestJet's IT Nightmare And The Power Of Customers
Column about how WestJet's reservations-systems upgrade turned into a disaster partly because the company decided not to tell customers about the upgrade in advance out of fear competitors would exploit the opportunity.
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Guerra On Healthcare: Experienced CIOs, Share Your EMR Knowledge
Tech execs who've successfully implemented electronic medical record systems should consider mentoring less-experienced peers.
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NASA Launching Supercomputing Application
Even computer-unsavvy scientists will be able to use NASA Earth Exchange to collaborate on modeling and analysis of large data sets.
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iPad Ban Riles Israelis
Residents of the country say government's decision to block importation of Apple tablet was rash and unfair.
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Wall Street Work Force Falls to 16-Year Low
Wall Street continues to shed jobs. In March the Street shed 1,200 jobs, in a third straight month of job cuts that pushed employment in New York City's key banking and investment industry to its lowest level since October 1993.
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60% of CDSs Could Clear Centrally, Say Experts
Around 60 percent of the $24.8 trillion credit derivatives market can rapidly move to central clearing and reduce systemic risk, but moving much beyond that could be counterproductive, according to market experts.
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Microsoft Investigates Report Of Abused Workers
Long hours, low wages, and poor working conditions have been documented at factory in China.
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Google Revenues Beat Estimates
Despite strong first quarter results, the company's stock slipped on worries about costs.
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Volcker Hopes for "Useful" Financial Reform
White House economics adviser Paul Volcker said Thursday he is hopeful that "useful" financial regulatory reform will be passed.
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MasterCard Spending $10s of Millions, Hiring Engineers for its New Labs
Hiring engineers; planning to develop and test new ideas and turn them into products quickly.
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Managing OTC Derivatives: Never Waste a Good Crisis
OTC derivatives didn't cause the financial crisis, but they certainly played a part. However, OTC derivatives may end up being the scapegoat while other larger risks are overlooked.
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Obama Wants Manned Mission To Mars
The President defended plans to kill the space shuttle and cancel a return to the moon, insisting that NASA needs to focus on new frontiers.
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SpringSource Adds Messaging To Java
By acquiring Rabbit Technologies, VMware unit SpringSource will become a supplier of tools for building service-oriented cloud applications.
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