Groups of companies in the same industry could pool infrastructure resources to help each other mitigate the effects of cyberattacks and work together on security issues, a senior official in the U.S. Department of Homeland Security ...
Tags: DHS, cyberattack, security, cybersecurity
IDG News Service - Japan's Softbank said Monday it has reached a deal to acquire a 70% stake in U.S. mobile operator Sprint Nextel for $20 billion, forming one of the world's largest telecom operators. The companies said the deal would ...
Tags: Softbank, telecom operators, network, network speeds
The Nasdaq stock exchange in New York is to pay$40m compensation for technical problems that caused confusion on Facebook's first day of share trading. The stock exchange plans to pay$14m to its affected member firms,with the balance to ...
Tags: Nasdaq, compensation, facebook confusion
Groups of companies in the same industry could mitigate the effects of cyberattacks by pooling infrastructure resources and working together on security issues, a senior official in the U.S. Department of Homeland Security has suggested. ...
Tags: DHS Official, IT Resources, Hacks, cyberattacks
IDG News Service - A partnership of New York City businesses has put out a call for innovative financial technologies. Sponsored by The Partnership for New York City Fund and Accenture, the FinTech Innovation Lab seeks novel technologies ...
Tags: financial technologies, FinTech Innovation Lab, financial services
Citigroup is to lose more than 5,000 IT and operations jobs as part of the banking giant’s axing of 11,000 jobs globally. Some 40% of the jobs being cut in the firm’s Global Consumer Banking arm are to come from IT ...
Tags: Citigroup, technology jobs, operations jobs, banking giant, banking
The wave of cyberattacks against a half-dozen U.S. financial institutions has subsided this week, but the recent demonstration of force shows a careful honing of destructive techniques that could continue to cause headaches. The attacks ...
Tags: cyberattacks, financial institutions, could, banking websites
US based diverse financial holding company Markel has inked a definitive agreement to acquire Bermuda-based Alterra Capital in a deal valued nearly$3.13bn in cash and stock. Based on a closing price of$486.05 for Markel common stock on 18 ...
Tags: Markel, acquisition, Alterra
Phillips-Van Heusen Corporation (PVH Corp.) and The Warnaco Group Inc. announced that they have entered into a definitive merger agreement pursuant to which PVH will acquire Warnaco and holders of Warnaco common stock will receive $51.75 in ...
Tags: Phillips-Van Heusen Corporation, Warnaco Group Inc, Calvin Klein
Groups of companies in the same industry could pool infrastructure resources to help each other mitigate the effects of cyber attacks and work together on security issues, a senior official in the U.S. Department of Homeland Security ...
Tags: cyber attacks, DHS, homeland security, security issues
Amazon is keeping busy as the e-retailing company is reportedly prepping to release four new tablets and a smartphone. Amazon is working with manufacturer Foxconn to create the smartphone, according to a Bloomberg.com report that cited ...
Tags: Amazon, new tablets, a smartphone
The US conglomerate Illinois Tool Works is set to sell a 51% stake in its Decorative Surfaces division to the private equity firm Clayton, Dubilier & Rice (CD&R). ITW and CD&R announced that an agreement to this effect had been signed on 16 ...
Stating that the worst is over for the Indian economy, financial major Citigroup said the country is likely to clock a growth rate of 5.4% in 2012-13 fiscal year. Citigroup in a research report said that "Going forward, while we maintain ...
Tags: indian economy, fiscal year, GDP
US-based Seven Mile Capital Partners, a private equity firm, announced the sale of its portfolio company Waddington North America (WNA) to Olympus Partners, for an undisclosed sum. Seven Mile, which was created after it was hived off from ...
Tags: Seven Mile Capital Partners, sale, WNA, packaging
The US Department of Treasury is likely to sell the remaining nearly 234.2 million shares of American International Group(AIG)common stock,in a public offering,marking end of government ownership of the company. Following the completion ...
Tags: AIG, government, common stock, financial crisis