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Regions Financing (RF)
Regions Financial has announced the company`s executive management team and other organizational changes.
David Turner has been named Chief Financial Officer; David Edmonds has been named to the new position of Chief Administrative Officer; Bill Wells, Chief Risk Officer and Tim Laney, head of Business Service; John Owen, head of Consumer Services.
Feb 23 · 10:55:00 AM · Source: Company Press Release
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by Larry Etter
Morgan Stanley (MS)
Morgan Stanley announced the appointment of two industry veterans to expand the leadership team within its Investment Management business. Jeffrey L. Shames, the former Chairman and CEO of MFS Investment Management, will join the Firm as a Senior Advisor to Morgan Stanley Investment Management (MSIM). Edmond N. Moriarty III, previously a Senior Vice President at Merrill Lynch & Co., will join the Firm as Chief Operating Officer of MSIM. In addition to their new responsibilities in Investment Management, Mr. Shames and Mr. Moriarty will also act as Senior Advisor and Chief Operating Officer, respectively, of Morgan Stanley's Global Research division.
Feb 23 · 10:50:00 AM · Source: Company Press Release
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by Larry Etter
Bank of America (BAC)
Bank of America Merrill Lynch Global Banking and Markets President Tom Montag today announced that Sam Chapin and Todd Kaplan have been appointed executive vice chairmen of Global Banking, effective immediately. In these roles, Chapin and Kaplan will report to Montag and focus on deepening strategic client relationships and delivering the company's vast global resources on their behalf.
Feb 23 · 10:38:00 AM · Source: Company Press Release
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by Larry Etter
Agilent Technologies (A)
Agilent Technologies Inc. said it has received a favorable decision in its
trade secrets and breach of contract case against Advanced Materials Technology,
Inc. and three of its employees. Agilent filed the lawsuit in January 2008 to protect confidential and proprietary information relating to its high-performance liquid chromatography (HPLC) technology.
Feb 23 · 10:33:00 AM · Source: Company Press Release
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by Larry Etter
FedEx (FDX)
With the aim of capturing growing demand for air transport of added-value products and expanding their business in China, FedEx Corp (NYSE:FDX) earlier this year started flying Boeing Co.'s B777 Freighter between Memphis International Airport, Tennessee and Pudong International Airport in Shanghai, China becoming the first to tap this fast and fuel efficient aircraft for a regular route, according to TradingMarkets.com.
With capacity of 81 tons, over 6 tons more than the MD11, the firm's main cargo airplane, the B777 can also fly faster, allowing FedEx to delay collection times by two hours.
FedEx has a rich business history in China, with more than 25 years of experience serving customers shipping to and from this fast-growing market. FedEx currently employs more than 7,000 employees in China and serves 400 cities throughout the country. FedEx Express is also approaching the one-year anniversary of its new Asia Pacific hub in Guangzhou, China, opened on February 6, 2009.
Feb 23 · 10:32:00 AM
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by Steve Wieczorek
Microsoft (MSFT)
Microsoft Corp. has announced it has signed a patent cross-license agreement with Amazon.com Inc. The agreement provides each company with access to the other’s patent portfolio and covers a broad range of products and technology, including coverage for Amazon’s popular e-reading device, Kindle™, which employs both open source and Amazon’s proprietary software components, and Amazon’s use of Linux-based servers.
Although specific terms of the agreement are confidential, Microsoft indicated that Amazon.com will pay Microsoft an undisclosed amount of money under the agreement
Feb 23 · 10:25:00 AM
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by Larry Etter
IBM (IBM)
IBM has announced it is creating smarter buildings, offices, and urban infrastructure worldwide. With intelligence embedded into the physical assets of an organization, IBM is helping clients create a command center to manage not only their data center and IT design, but also the physical assets as diverse as water mains, office equipment, door locks, printers, heating systems and fire hydrants.
IBM believes smarter buildings are key to the economic and environmental sustainability of urban environments.
Feb 23 · 10:22:00 AM · Source: Company Press Release
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by Larry Etter
IBM (IBM)
IBM today announced an enhanced strategy to help clients maximize benefits of virtualization with integrated service management by focusing on four key priorities: consolidation, management, automation and optimized delivery. This strategy is based on a comprehensive view of data center virtualization including servers, storage, networking, software and services.
Analysts believe worldwide revenue for virtualization related ecosystem is expected to exceed $46 billion by 2013, so this is a big move for IBM.
Feb 23 · 10:19:00 AM · Source: Company Press Release
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by Larry Etter
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