Information Technology News

Boscobel Marketing Communications Wins Best Overall 'Stevie ... - MarketWatch

Boscobel Marketing Communications Wins Best Overall 'Stevie ...MarketWatch - 11 hours agoEarlier this month, Montgomery County Executive Isiah Leggett recognized Boscobel's 30 years of service to ...

International Speedway Corporation Names Vice President of ... - MarketWatch

International Speedway Corporation Names Vice President of ...MarketWatch - 10 hours ago("ISC") today announced Tracie K. Winters has been promoted to Vice President of Business ...

Bay Area business confidence survey hits new low - San Jose Mercury News

Bay Area business confidence survey hits new lowSan Jose Mercury News, USA - 9 hours agoBy Scott Duke Harris Now for some more bad economic news: ...

Kerry, Snowe, Schumer Push Sec. Paulson to Purchase Small Business ... - MarketWatch

Kerry, Snowe, Schumer Push Sec. Paulson to Purchase Small Business ...MarketWatch - 9 hours agoJohn Kerry, Chairman of the Senate Committee on Small Business and Entrepreneurship, ...

Farmers & Merchants Bank Honored With Longevity Award At OC ... - MarketWatch

Farmers & Merchants Bank Honored With Longevity Award At OC ...MarketWatch - 6 hours ago19, hosted by the Orange County Business Journal (OCBJ) and California State ...

CWCapital Investments Hires Hugh Hall to Develop Mortgage ... - MarketWatch

CWCapital Investments Hires Hugh Hall to Develop Mortgage ...MarketWatch - 6 hours agoNEEDHAM, Mass., Nov 20, 2008 (BUSINESS WIRE) -- CWCapital Investments (CWCI), a full service, ...

DayJet files bankruptcy New Mexico Business Weekly - Bizjournals.com

DayJet files bankruptcy New Mexico Business WeeklyBizjournals.com, NC - 4 hours ago11, DayJet founder and Chairman Ed Iacobucci told the Business Journal he was still hoping to ...

JHA Hires Leo Tinkham as Vice President, Marketing and Business ... - MarketWatch

JHA Hires Leo Tinkham as Vice President, Marketing and Business ...MarketWatch - 4 hours agoPORTLAND, Maine, Nov 20, 2008 (BUSINESS WIRE) -- JHA, a subsidiary of ...

Business Journal honors 2008 CFOs of the Year - Bizjournals.com

Business Journal honors 2008 CFOs of the YearBizjournals.com, NC - 58 minutes agoThe Silicon Valley/San Jose Business Journal honored the winners of its first CFO of the ...

Dow has fallen 5,000 points in 5 months

US shares plunge to five-year low ...

AGRICULTURE: EU ministers reach compromise on farm reform

After a marathon negotiating session, EU farm ministers have come to a compromise on reform of the Common Agricultural Policy (CAP), notably with a reduction ...

BANKING: Commission approves state guarantees for Dexia

The European Commission has given the green light to state guarantees worth 150 billion euros offered by France, Belgium and Luxembourg in October to the ...

ENERGY: Oil dips below $50

Shortly after the New York market opened Thursday, the price for crude oil slipped below the symbolic US $50 mark. In London, the Brent even ...

UNITED STATES: US jobless claims soar to 16-year high

A whopping 542,000 people claimed unemployment benefits in the United States last week, the country's highest figure since July 1992, the Labor Department said. ...

FINANCIAL CRISIS: NYSE down over 5% following historic lows in European markets

European commodity and financial stocks closed at disastrous levels Thursday, with the CAC 40 and DAX dropping over 5%. Wall Street followed suit, with the ...

USA: No viable agreement for US automobile bailout

Just hours after four US senators announced there was an agreement on a bipartisan $25 billion bailout package for the ailing "Big Three" US car ...

ARGENTINA: Senate approves pension funds takeover

Argentina's Senate approved a state takeover of $24 billion in private pension funds. President Cristina Fernandez said this would protect workers from the financial crisis ...

A Plague on All Their Houses

Some hedge funds were taken for a $3 billion ride. Could they possibly be as witless as they claim to be? ...

Hollywood Ending?

The movie business isn't recession-proof, after all. ...

Pfizer's Nigerian Nightmare

After years of legal maneuvering, Pfizer may soon face its Nigerian guinea pigs in court. ...

Two Girls Two Countries One Cancer

Obamacare is coming, and a lot of Americans find socialized medicine to be scary. But in treating life-threatening disease, the British system isn't as ...

Fannie Mae, Freddie Mac suspend some foreclosures

NEW YORK (Reuters) - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of ...

Gap third-quarter net profit rises

SAN FRANCISCO (Reuters) - Gap Inc posted higher quarterly net profit on Thursday, topping Wall Street expectations, helped by lower inventory and cost cutting ...

Paulson defends handling of U.S. financial crisis

SIMI VALLEY, California (Reuters) - Treasury Secretary Henry Paulson on Thursday defended his handling of the financial crisis but refused to say whether any further ...

Marsal to lead team of over 600 at Lehman

NEW YORK (Reuters) - Bryan Marsal, currently chief restructuring officer of Lehman Brothers Holdings Inc , will take over as chief executive of the bankrupt ...

Democrats demand U.S. Big 3 offer survival plan

WASHINGTON (Reuters) - Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange ...

S&P dives to lowest level since 1997

NEW YORK (Reuters) - Stocks plunged yet again on Thursday, as a frantic flight from risk prompted by investors' deepening economic fears drove the benchmark ...

NY City securities workforce down to Sept 2005 level

NEW YORK (Reuters) - New York City's securities companies shed 16,000 employees in October, measured on a year-over-year basis, pushing the total work force down ...

Citigroup slides as WSJ says sale eyed

NEW YORK (Reuters) - Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand ...

Nordic Countries Add $2.5 Billion to Iceland’s Bailout

Iceland finally received international backing for its bailout plan on Thursday, as Nordic countries followed up a loan by the International Monetary Fund. ...

Fund Created as a Way to Protect French Industry

Vowing to protect French industry from foreign predators and a worsening economic slump, President Nicolas Sarkozy introduced an investment fund of 20 billion euros ($25 ...

FTSE suffers losses (AFP)

AFP - London shares were in the backfoot on Thursday as recession fears deepened on new data showing a surge in US jobless claims. ...

British retailers discount to lure shoppers (AP)

AP - Britain's top retailers are hoping unusual pre-Christmas discounts can convince consumers to open their wallets during a holiday season that coincides with a ...

Fannie Mae, Freddie Mac suspend some foreclosures (Reuters)

Reuters - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes ...

Democrats demand U.S. Big 3 offer survival plan (Reuters)

Reuters - Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for ...

Citigroup slides as WSJ says sale eyed (Reuters)

Reuters - Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of ...

Fed's Bullard: U.S. deflation an issue Fed must face (Reuters)

Reuters - Deflation would be very damaging to the United States economy and with nominal interest rates already very low, quantitative easing may be needed ...

Reynolds Foundation Gives ASU $5.34 Million for Business Journalism - MarketWatch

Reynolds Foundation Gives ASU $5.34 Million for Business JournalismMarketWatch - 2 hours agoWith the grant, the Walter Cronkite School of Journalism and Mass Communication will create ...

Travelocity Business Expands Global Reach with Radius - MarketWatch

Travelocity Business Expands Global Reach with RadiusMarketWatch - 34 minutes agoRADIUS' vast network of premier corporate agencies complements services provided by Travelocity Business personnel in Europe ...

Yahoo Shares Plummet Nearly 20% on Ballmer Comments

Yahoo shares went into a free fall of nearly 20 percent on Wednesday, following comments from Microsoft CEO Steve Ballmer that the software giant is ...

FINANCIAL CRISIS: Asian stocks slide after Wall Street plunge

Asian stocks fell sharply on Thursday, a day after the Dow Jones Industrial Average dropped 427.63 points to close under 8,000 points for the first ...

General Growth takes on bankruptcy counsel: report

NEW YORK (Reuters) - General Growth Properties Inc has hired law firm Sidley Austin as bankruptcy counsel as it negotiates with lenders for more ...

Oil falls below $53 on demand drop

SINGAPORE (Reuters) - Oil fell for a fifth straight session to below $53 on Thursday after U.S. crude inventories climbed twice as much as expected, ...

Financials need at least $1 trillion: analyst

(Reuters) - The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity ...

Weak Japan exports pile on economic gloom

TOKYO/BEIJING (Reuters) - Japan's exports to Asia fell in October for the first time since 2002, showing that the fallout from the credit crisis has ...

Global stocks hit 5-1/2 year lows

HONG KONG (Reuters) - A 6 percent fall in Asia pushed world stocks to their lowest in 5- years on Thursday, while oil fell below ...

Sarkozy’s Fiscal Meeting Raises Diplomatic Hackles

Some American officials are on edge following French President Nicolas Sarkozy’s aggressive statements about American capitalism, and his decision to hold his own financial summit ...

Nordic Countries to Lend Iceland $2.5 Billion

Finland’s Finance Ministry said that four Nordic countries would lend Iceland $2.5 billion to help the country recover from its economic meltdown. ...

Entrepreneurial Edge: An Eye on Growth, Deals Stretch Across the Pacific

Despite the worldwide downturn, the ties between small businesses in China and Southern California should continue to grow. ...

Asian Markets Reflect Wall Street’s Drop

Asian stock markets opened sharply lower on Thursday, reflecting an equally strong sell-off on Wall Street and in Europe overnight. ...

SEC puts off vote on rules for rating agencies (AP)

AP - The Securities and Exchange Commission on Wednesday delayed a plan to adopt new rules aimed at stemming conflicts of interest in Wall Street's ...

Financials need at least $1 trillion: analyst (Reuters)

Reuters - The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity ...

Weak Japan exports pile on economic gloom (Reuters)

Reuters - Japan's exports to Asia fell in October for the first time since 2002, showing that the fallout from the credit crisis has spread ...

Global stocks hit 5-1/2 year lows (Reuters)

Reuters - A 6 percent fall in Asia pushed world stocks to their lowest in 5- years on Thursday, while oil fell below $53 and ...

Wells Fargo named top small-business lender in Texas - Bizjournals.com

Wall Street Journal BlogsWells Fargo named top small-business lender in TexasBizjournals.com, NC - 13 hours agoWells Fargo Bank, NA has been ranked the leading small-business lender in ...

The Harvard Business School Club of Philadelphia Hosts Area ... - MarketWatch

Earthtimes (press release)The Harvard Business School Club of Philadelphia Hosts Area ...MarketWatch - 10 hours agoPHILADELPHIA, Nov 19, 2008 (BUSINESS WIRE) -- The Social Enterprise Initiative ...

Women's Business Enterprise National Council (WBENC) Names New ... - MarketWatch

Women's Business Enterprise National Council (WBENC) Names New ...MarketWatch - 7 hours agoWASHINGTON, Nov 19, 2008 /PRNewswire via COMTEX/ -- The Women's Business Enterprise National Council ...

Insurance.com Hires Steve Peyton as Vice President of Business ... - MarketWatch

Insurance.com Hires Steve Peyton as Vice President of Business ...MarketWatch - 13 hours ago"Steve is a terrific addition to our Business Development team," said Steve ...

Microsoft-hosted Online security-service for business users due in ... - ZDNet

ITProPortalMicrosoft-hosted Online security-service for business users due in ...ZDNet - 12 hours ago... (and so far not-officially named) security service available in 2010, according to the ...

Business Wire Debuts Major Enhancements to its NewsTrak Access Report - MarketWatch

Business Wire Debuts Major Enhancements to its NewsTrak Access ReportMarketWatch - 11 hours agoSAN FRANCISCO, Nov 19, 2008 (BUSINESS WIRE) -- Business Wire today announced major ...

Global Strategic Business Report Examines the Complex Plastic Industry - MarketWatch

Global Strategic Business Report Examines the Complex Plastic IndustryMarketWatch - 10 hours agoDUBLIN, Ireland, Nov 19, 2008 (BUSINESS WIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/8fea5a/plastics_global) has ...

Airlines see decline in global business travel - MarketWatch

KARKAirlines see decline in global business travelMarketWatch - 9 hours agoBy Christopher Hinton, MarketWatch NEW YORK (MarketWatch) -- A sharp drop in the number of business ...

Verizon CEO Ivan Seidenberg Outlines Business Case for Health Care ... - MarketWatch

Verizon CEO Ivan Seidenberg Outlines Business Case for Health Care ...MarketWatch - 8 hours agoWASHINGTON, Nov 19, 2008 (BUSINESS WIRE) -- Ivan Seidenberg, chairman and CEO ...

December 22 Is Deadline to Apply for SBA Economic Injury Disaster ... - MarketWatch

Wall Street Journal BlogsDecember 22 Is Deadline to Apply for SBA Economic Injury Disaster ...MarketWatch - 8 hours agoATLANTA, Nov 19, 2008 (BUSINESS WIRE) -- The ...

HUGHES Telematics Announces New Vice President of Business ... - MarketWatch

HUGHES Telematics Announces New Vice President of Business ...MarketWatch - 7 hours ago... HUGHES Telematics today announced the appointment of telematics industry veteran Michael Sena ...

TOWN HALL LA Panel Addresses Doing Business Over Social Media Networks - MarketWatch

TOWN HALL LA Panel Addresses Doing Business Over Social Media NetworksMarketWatch - 2 hours ago"The term social media networks mask what they are in reality -- ...

Big 3 CEOs Flew Private Jets to Plead for Public Funds

"This is a slap in the face of taxpayers," said Tom Schatz, President of Citizens Against Government Waste. "To come to Washington on a corporate ...

Costco’s CEO on Corporate Responsibility - Jim Sinegal - sus

As Costco marks its 25th year, straight-talking CEO Jim Sinegal shares his two cents on sustainability, the economy, universal health care, and what our next ...

Unsold Foreign Cars Hogging Space at a California Port

Unwelcome by dealers and buyers, thousands of cars are being warehoused on crowded port property, creating a vivid picture of a paralyzed auto business. And ...

Let Detroit Go Bankrupt (Mitt Romney)

A managed bankruptcy may be the only path to the fundamental restructuring the auto industry needs. ...

AUTOMOBILE : Toyota to shut North American factories for two days in December

Toyota Motor Corp., the biggest Japanese carmaker, has announced that it will shut down production at all of its US and Canadian plants for two ...

INFLATION: Record consumer price-cut in the United States

Consumer prices in the United States dropped a record 1% in October, the steepest-ever drop in American history since the index was created in 1947, ...

AVIATION - ITALY: Rome agrees on Alitalia sale to consortium

The Italian government has decided to put an end to the Alitalia takeover saga by giving the go-ahead on the airline company's sale to a ...

UNITED STATES: Fed takes recession risk seriously

The Federal Reserve has cut its growth forecast for 2009 and believes the US economy will at best grow 1.1 percent, although an equally likely ...

ICELAND: IMF approves $2.1 bln loan

The International Monetary Fund has approved a two-year loan of 2.1 billion dollars for Iceland to help the country rebound from a dire financial crisis. ...

MARKETS: Dow closes below 8,000 for first time since March 2003

The Dow Jones Industrial Average dropped 427.63 points to close under 8,000 points for the first time in more than five years, mirroring European stock ...

UNITED STATES: Lawmakers seek auto bail-out compromise

US lawmakers clashed over ways to rescue the country's troubled car industry after the executives of General Motors, Ford and Chrysler pleaded for government aid ...

Betting Against Buffett

The credit default swap market says the Oracle of Omaha is headed for trouble. ...

AMC's 'Mad Men' Man

Network president Charlie Collier on the value of buzz, the future of the show and the significance of brands in a weakening economy. ...

Antibiotics: It's The Efficacy, Stupid

An FDA committee's vote on Targanta's oritavancin could have a big impact on drug development. ...

Venturing To New York

Venrock partner David Pakman on where the growth is in digital media and why Silicon Valley just doesn't cut it. ...

GM shares at 66-year low amid bailout doubt

DETROIT (Reuters) - Shares of General Motors Corp and Ford Motor Co tumbled on Wednesday as mounting political opposition cast doubt over a ...

Shares of Buffett's Berkshire Hathaway fall more than 12 percent

(Reuters) - Class A shares of Warren Buffett's Berkshire Hathaway Inc fell more than 12 percent on Wednesday to below $84,000, a 3-year low. ...

MetLife says commercial mortgage portfolio safe

NEW YORK (Reuters) - U.S. life insurer MetLife Inc disclosed information about its commercial mortgage portfolio on Wednesday in an effort to soothe investors ...

Over 100 U.S. "blue chips" now selling for under $10 a share

No, that's not Dalmatians but the number of stocks in the U.S. benchmark S&P 500 index now trading for less than $10 a share. ...

Wall Street sinks to lowest since 2003

NEW YORK (Reuters) - Stocks plunged to their lowest in five-and-a-half years on Wednesday as investors girded for a lengthy economic downturn and automotive executives ...

Fed signals ready to cut rates amid glum outlook

WASHINGTON (Reuters) - Federal Reserve officials have pared their outlook for economic growth through 2009 to minimal levels and are prepared to cut interest rates ...

Citigroup stock drops to 13-year low, fear grows

NEW YORK (Reuters) - Citigroup Inc faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and ...

U.S. probing Golden West lending, sale: prosecutor

SAN FRANCISCO (Reuters) - The government is investigating if homeowners were misled by California bank and mortgage issuer Golden West Financial, which was acquired by ...

Prospect for auto bailout dims as Senate races clock

WASHINGTON (Reuters) - Chances dimmed that a last-minute plan being crafted by Republican senators, with White House support, to provide $25 billion to bail out ...

Chemical Maker Cuts Output Amid Downturn

BASF said that it would temporarily halt or slow production at 180 plants around the world as it adjusted to a “massive decline in demand” ...

Trial Resumes for Former Head of Bank of Italy

Two years after his stint at the helm of the central bank ended in scandal, Antonio Fazio goes on trial in Milan, accused of rigging ...

Homebuilder, REIT shares tumble as recession spreads (Reuters)

Reuters - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and ...

Pershing's Ackman sets new Target plan but shares fall (Reuters)

Reuters - Hedge fund manager William Ackman unveiled on Wednesday his latest plan to boost Target Corp's stock price by forming a trust that ...

Fed minutes: may need more rate cuts if growth ebbs (Reuters)

Reuters - Federal Reserve officials slashed economic growth forecasts through 2009 and some believed even deeper interest rate cuts may be needed if growth slows ...

Citigroup stock drops to 13-year low, fear grows (Reuters)

Reuters - Citigroup Inc faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares ...

Limited Brands posts lower net profit, shaves view (Reuters)

Reuters - Limited Brands , the retailer whose main chains are Victoria's Secret and Bath and Body Works, posted lower net profit on Wednesday and ...

Wall Street sinks to lowest since 2003 (Reuters)

Reuters - Stocks plunged to their lowest in five-and-a-half years on Wednesday as investors girded for a lengthy economic downturn and automotive executives predicted a ...

U.S. probing Golden West lending, sale: prosecutor (Reuters)

Reuters - The government is investigating if homeowners were misled by California bank and mortgage issuer Golden West Financial, which was acquired by Wachovia Corp ...

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