Financial

Your source for the latest news on networking in the financial vertical market.

Oracle Fusion 11g vows to tackle middleware complexity
Jul. 03, 2009
Oracle has promised businesses it is tackling the complexity of IT infrastructure, with the release of Fusion Middleware 11g.

Satyam buyer does not get enough shares in public offer
Jul. 03, 2009
Tech Mahindra may have to ask Satyam Computer Services for a preferential issues of shares to continue its bid to take over the troubled outsourcer.

Standard Life improved document management saves £1m
Jul. 01, 2009
Standard Life has said that after improving document management it has saved £1.1 million annually.

'Iceman' pleads guilty to massive computer hacking
Jun. 30, 2009
Max Ray Butler, a hacker known as the "Iceman," pleaded guilty to breaking into numerous financial institutions and card-processing networks and stealing credit card and identity data on hundreds of thousands of ...

Adobe shuts down July 4th week to ride out recession
Jun. 30, 2009
Adobe Systems has shut down its North American offices for a week for the second time this year as part of cost-cutting measures, forcing employees to take paid time off during the days the company is closed.

London Stock Exchange to dump £40m TradElect - reports
Jun. 30, 2009
The London Stock Exchange may dump its £40 million electronic share trading platform TradElect and cull IT staff, as the new chief executive reviews costs.

China's SMIC sees signs of higher demand for chips
Jun. 30, 2009
Semiconductor Manufacturing International (SMIC), China's largest chip maker, raised its guidance for the second quarter, saying demand for semiconductors is growing faster than previously expected. But even if the chip ...

Q&A: No alternative to PCI, security council chief insists
Jun. 29, 2009
Robert Russo, the general manager of the Payment Card Industry Security Standards Council, fires back at critics of the PCI data security standard.

North Korean 3G network hits 19,000 subscribers
Jun. 29, 2009
North Korea's first and only public cellular telephone network attracted 19,200 subscribers after just over three months in business.

Palm CEO: We don't have to beat each other to prosper
Jun. 25, 2009
Palm's new CEO on Thursday said he thinks the smartphone market is growing fast enough that multiple handset makers can thrive, and he also hinted at updates to come for the new Pre phones.

Wall Street Beat: Red Hat, Oracle cheer IT investors
Jun. 25, 2009
As the first half of 2009 comes to a close, the big question for tech companies is whether the recession will ease up enough to spur spending increases for IT by the end of the year.

Yahoo aims at customization with new home page
Jun. 25, 2009
When Yahoo rolls out the new version of its Yahoo.com home page later this year, people will be able to customize it to such a degree that the need for the company's My Yahoo personalized home page service will drop ...

Nortel's problems were Bay-sic
Jun. 24, 2009
As Nortel goes through its last stages, there are a lot of people analyzing what went wrong, particularly in the time since the dot-com bust. But for me, the watershed moment was just before then, when Nortel bought Bay ...

Avaya close on Nortel enterprise buy; Hospital confirms Jobs' liver transplant - Network ...
Jun. 24, 2009
Avaya close on Nortel enterprise buy; Hospital confirms Jobs' liver transplant

Nortel had no choice; Top 500 supercomputer rankings
Jun. 23, 2009
Nortel had no choice; Top 500 supercomputer rankings

Q&A: iPhone is most popular for mobile banking at BofA
Jun. 23, 2009
Douglas Brown, senior vice president for mobile product development at Bank of America discusses the value and the future of mobile banking.

Software sales drop, but Oracle beats expectations
Jun. 23, 2009
Oracle reported a 13 percent dip in new software sales Tuesday, but posted quarterly financial results that were ahead of analyst expectations.

Cost control, not cloud computing, is top IT manager concern
Jun. 23, 2009
Cutting costs is the number one priority for IT managers this year, according to research by sector skills council e-Skills UK.

SaaS BI vendor LucidEra set to fold
Jun. 22, 2009
On-demand BI (business intelligence) vendor LucidEra is winding down its operations and has put its intellectual property up for sale, a person familiar with the company's situation said Monday.

Satyam uses Mahindra Satyam brand to reflect new owners
Jun. 21, 2009
Embattled Indian outsourcer Satyam Computer Services plans to use a new brand, Mahindra Satyam, to reflect its new ownership.

Wall Street Beat: Mixed signals amid hope for IT recovery
Jun. 19, 2009
Though some industry watchers are looking for a recovery in the second half of the year, IT vendors this week gave out mixed signals about prospects for sales, as Research In Motion (RIM) issued a tepid quarterly ...

RIM posts rare drop in BlackBerry subscriber growth
Jun. 19, 2009
Research in Motion on Thursday saw a rare drop in subscriber growth when it reported its fiscal first quarter results, while shipment growth of its popular BlackBerry handsets apparently stalled.

Buying Software to Manage IT Finances
Jun. 18, 2009
Buying Software to Manage IT Finances

Barclays online and ATM crash after disc array fault
Jun. 18, 2009
A disc array fault left thousands of Barclays customers unable to access their bank accounts online or withdraw money from cash machines in the south of England for three hours yesterday.

SAP wants to help microcredit groups manage loans
Jun. 17, 2009
SAP hopes to help lower the cost of managing loan portfolios for organizations offering microcredits as part of a partnership announced Wednesday with French nonprofit group PlaNet Finance.