Content tagged with Finance
posted in October 2008
MasterCard Strengthens Its Mobile Services
News  |  10/30/2008  | 
The company is offering the ability to provision a customer's PayPass account over the air, which could lead to more phones capable of contactless payment.
Financial Meltdown May Result In Tech Litigation
News  |  10/24/2008  | 
The end of a prolonged period of prosperity and the start of a period of economic challenge is likely to fuel litigation over who is to blame, a survey suggests.
Credit Suisse Looks To College Recruits At IT Expo
News  |  10/21/2008  | 
Seniors are being targeted to join Credit Suisse's analyst program for entry-level professionals, while juniors are being recruited for 10-week paid summer internships.
Dow Gains More Than 400 Points, Tech Stocks Benefit
News  |  10/20/2008  | 
Wall Street sees some upward momentum with jumps in companies working with chips, the Internet, networking, software, cable, and satellite services manufacturers.
Venture Capital Outlook Good Despite Downturn
News  |  10/20/2008  | 
However, investments in Internet startups dropped 36%, receiving $1.1 billion for 194 deals versus $1.6 billion for 251 deals in the second quarter.
Warren Buffett's Assurances Fail Wall Street, Tech Stock Uptick
News  |  10/17/2008  | 
There is no doubt, with a stream of disappointing economic reports released during the week, that the U.S. economy is struggling, but what is unclear is how deep and long the pain will be.
Holiday Shoppers Eyeing Internet To Find Bargains
News  |  10/16/2008  | 
The National Retail Federation said 2008's estimated 1.9% growth in holiday spending is the lowest planned increase in consumer spending since its survey began.
Daimler Takes DIY To The Extreme To Extract Financial Systems From Chrysler
Features  |  10/16/2008  | 
When the big-name consultants said separating Daimler's and Chrysler's financial systems would take years and cost more than $100 million, CIO Jan Brecht launched a huge internal undertaking that cost half as much, saved loads of time, but required some heavy lifting from his staff.
Nokia Optimistic Despite Drop In Profits
News  |  10/16/2008  | 
Nokia saw a 30% drop in net income, but its outlook for the fourth quarter may soothe those worried about the economic slowdown hitting the mobile industry.
Tech Stocks Slip While Wall Street Stabilizes
News  |  10/14/2008  | 
The leveling off occurred as the federal government announced that it would spend $250 billion to buy bank stock.
Credit Crunch Endangers Nextel Sale, Alltel Acquisition
News  |  10/10/2008  | 
Sprint CEO Dan Hesse recently questioned whether any potential buyer of the Nextel unit could raise the necessary capital to fund the purchase.
Slowing Economy Hurting Cell Phone Sales Growth
News  |  10/8/2008  | 
Two analyst firms cut 2009 handset growth forecasts because economic concerns are causing fewer consumers to upgrade their phones.
Citigroup, Lehman Bros. Sell India Outsourcing Units
News  |  10/8/2008  | 
Citibank's $505 million sale to Tata was a year in the making, while other U.S. banks may face difficulties unloading India outsourcing operations.
U.S. Mobile Banking Has Yet To Take Off
News  |  10/7/2008  | 
Only 10% of U.S. consumers use a cell phone to perform a banking transaction, but as Nokia and others push it, the field is expected to grow.
IBM Unveils Servers, Storage For Midsize Companies
News  |  10/7/2008  | 
The systems carry IBM's "Express" brand, indicating that they are faster to deploy than enterprise-level servers and contain a number of automated management features to simplify maintenance.
U.S. IT Jobs Dip 2% As Downturn Hits
News  |  10/3/2008  | 
Cuts in computer scientists and systems analysts, support specialists, and software engineers fueled the decline, a new Bureau of Labor Statistics report shows.


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