IBM's latest mainframe,the zEnterprise EC12,is big on data analytics and hybrid clouds. This system,announced Tuesday,includes a new 5.5-GHz,six-core processor,versus the 5.2-GHz,quad-core processor that shipped with the zEnterprise ...
Tags: IBM, zEnterprise EC12, processor, flash memory
HP has confirmed it is writing off about$8bn after the drop in value of EDS,as the result of internal decisions combined with the global economic climate. Earlier this month Hewlett-Packard(HP)warned that it would write off$8bn after the ...
Tags: EDS, HP, reduction in its latest financial results, business damaged
Industrial Alliance Insurance and Financial Services have inked a deal to offload by way of indemnity reinsurance and assumption reinsurance, all its US fixed annuities and accumulation riders to Security Benefit Life Insurance and ...
Tags: Industrial Alliance Insurance, Financial Services, indemnity reinsurance
Computerworld - Editor's note: An earlier version of this story incorrectly said that Mitt Romney's platform describes government's basic research efforts as an area Romney "plans to cut."Romney says research is important to innovation and ...
Nationwide Mutual Insurance Company has appointed Larry Hilsheimer as director of its Retirement Plans, while Anne Arvia will lead Nationwide Direct, Affinity and Growth Solutions. Nationwide chief executive officer Steve Rasmussen said ...
Tags: Nationwide Mutual Insurance Company, Larry Hilsheimer, Retirement Plans
Philippine snack food and beverage company Universal Robina(URC)is set to take complete control of its overseas business division URC International(URCI)by purchasing 23%stake held by investment firm International Horizons Investments for ...
Tags: stake, international operations, acquisition, accretive
The global financial services sector still faces upheaval, five years after the credit crunch decimated its ranks. But how have IT strategies changed in the years since the UK government was forced to nationalise Northern Rock? Five years ...
Tags: global financial services, IT strategies, IT infrastructure, software
Network World - Fidelis Security Systems has an interesting perspective on the world of security, working, as it does, with the U.S. government to keep other countries from prying into some of our nation's most critical networks. Now that ...
Tags: Foreign, Governments, U.S.
Crump Life Insurance Services has signed an agreement with AXA Network to offer technology and life brokerage sales support for the more than 5,000 AXA Advisors financial professionals. As per the agreement, Crump Life will provide access ...
Tags: Crump Life, technology, AXA Advisors
Allianz Life Insurance of North America (Allianz Life) has appointed Janelle Walter as the new director of life insurance sales in the marketing division. Walter will be accountable for the expansion and implementation of life insurance ...
Tags: Allianz Life, Janelle Walter, new director, marketing division
CNH Global N.V. (CNH) announced financial results for the quarter ended June 30, 2012. For the quarter, net sales increased 3% (9% constant currency basis) to $5.0 billion as firm global demand for agricultural equipment, on the back of ...
Tags: market view, agricultural equipment, construction equipment
Kraft Foods has said the split of the company in two, creating a North American grocery company and a global snacks manufacturer, will take place in October. The establishment of US grocery business Kraft Foods Group and international ...
Tags: Kraft Foods, snack, food, split in two
American International Group (AIG)'s life and retirement business, SunAmerica Financial Group has earmarked a definitive agreement with The Hartford Financial Services to purchase Woodbury Financial Services for an undisclosed sum. Upon ...
Tags: AIG, Woodbury Financial Services, Hartford
Oracle is hoping to differentiate its cloud CRM(customer relationship management)software from that sold by rivals such as Salesforce.com with a new set of industry-specific capabilities. Oracle CRM On Demand Release 20,which was ...
Tags: Oracle, cloud CRM software, CRM on Demand
Huddle co-founder and CEO Alastair Mitchell talks about the simplicity of cloud-based collaboration, the technology that came before, and resurrecting dead content. The application service provider (ASP) model was a buzz in the dot com ...
Tags: Interview, Huddle, cloud-based collaboration, cloud computing, ASP model