Thursday, November 5, 2009

“More Business - San Francisco Chronicle” plus 4 more

“More Business - San Francisco Chronicle” plus 4 more


More Business - San Francisco Chronicle

Posted: 05 Nov 2009 06:26 AM PST

The Labor Department said the number of newly laid-off workers seeking unemployment benefits fell to 512,000 last week, the lowest level since January. Economists had expected 523,000 new claims.

Initial claims are considered a gauge of the pace of layoffs and an indication of employers' willingness to hire new workers. The report offered investors fresh hope that the government's monthly report on employment Friday may come in better than expected. Economists expect the unemployment rate to have risen to 9.9 percent in October.

Meanwhile, retailers posted their second consecutive gain in sales in October after more than a year of declines, proving that consumers are starting to spend a little more.

Technology stocks led the market's gains after an upbeat forecast from Cisco Systems Inc. The technology giant said late Wednesday that it expects revenue to grow for the first time in a year during the period ending in January.

The Dow Jones industrial average surged 127.49, or 1.3 percent, to 9,929.63. The Standard & Poor's 500 index rose 12.37, or 1.2 percent, to 1,058.87, while the Nasdaq composite index rose 32.80, or 1.6 percent, to 2,088.32.

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BizTech to Deliver Hosted Oracle Business Intelligence Solution Over ... - PR.com

Posted: 05 Nov 2009 06:48 AM PST

King of Prussia, PA, November 05, 2009 --(PR.com)-- BizTech, a leading Mid-Atlantic regional IT services firm and an Oracle Certified Advantage Partner, announced today that it will provide hosted Oracle Business Intelligence solution on the AT&T Synaptic Hosting(SM) platform. This solution will provide visibility and control to Operational and Performance metrics, in a hosted model.

The end-to-end, hosted Oracle Business Intelligence solution combines BizTech's management and technology consulting experience in Oracle Business Intelligence solutions with AT&T's hosting and application management services and innovative utility computing platform. This solution will give companies the ability to use Oracle Business Intelligence solutions with new or existing applications including Oracle® E-Business Suite, PeopleSoft, JD Edwards, SAP, or custom applications. The solution is targeted to midsize and large companies as a bundled package that can help businesses reduce the initial cost typically associated with large, complex software implementations and may also reduce license fees.

The solution uses the AT&T Synaptic Hosting platform, to create a virtual infrastructure that enables customers to add computing capacity, bandwidth and storage space as needed. The platform further allows customers to adjust capacity, while paying only for the amount used. In addition, BizTech is offering a RapidStart BI program that helps speed the installation time and cut costs when compared with traditional implementation approaches.

"We are always looking for innovative ways to deliver value better and faster than traditional approaches" said Thomas Connolly, President of BizTech. "Delivering Oracle Business Intelligence solutions over AT&T's global network allows us to provide clients with the most cost effective and rapid time to reap the rewards of their investment in Business Intelligence to gain visibility and control over their operations."

About BizTech

BizTech is a leading regional IT services firm focused on Oracle applications and technology solutions. With over 300 customers, BizTech is a leading Oracle Partner in the Philadelphia and Mid-Atlantic Region and provides proven methods and a staff of Oracle professionals to lead its customer implementations. BizTech's comprehensive service offerings include Advisory Services, Oracle E-Business Applications Services, Oracle Technology Services, Oracle Software Resell, Hosted and Managed Services, Contract Staffing, and Business Intelligence and Analytics. As a Certified Advantage Partner in the Oracle PartnerNetwork, BizTech has a strong history of implementing and supporting Oracle products including Oracle E-Business Suite, Oracle Technology Solutions, and Business Intelligence Enterprise Edition (OBIEE) for multinational companies.

Trademarks

Oracle is a registered trademark of Oracle Corporation and/or its affiliates.

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Alsbridge Releases New White Paper: “A Business Case the CFO ... - Transworld News

Posted: 05 Nov 2009 07:09 AM PST

Dallas, TX 11/05/2009 02:45 PM GMT (TransWorldNews)

 

DALLAS, November 5, 2009 – Alsbridge, Inc. today published new primary research that details why a CFO needs a strong business case and just how to create a business case that helps a CFO make the right sourcing decision for the company.

 

The report, "A Business Case the CFO Understands," covers how the business case is the clear difference between how the services are delivered today and the existing cost compared to various sourcing options.

 

"When a company is considering outsourcing or shared service as an option to deliver information technology  or business process outsourcing services, most often it comes down to whether the numbers work and deliver results," said Ben Trowbridge, CEO of Alsbridge, the leading outsourcing consultant.  He continued, "While IT or operations may be interested in improving services or speed to market, the CFO requires a business case that explains in detail the expected value proposition of the deal on the table."

 

This white paper will examine:

Creating the business case

Productizing your budget, ensuring comparability

Utilizing development and analysis tools

Leveraging in analysis of alternatives

 

The complimentary whitepaper, "A Business Case the CFO Understands," is available for download at http://www.outsourcingleadership.com/knowledgebase/whitepapers/a-business-case-the-CFO-understands.

 

For more information on outsourcing advisory services, contact Alsbridge at 214-696-6410 or visit www.alsbridge.com.  For more original research and insight on outsourcing topics, visit www.outsourcingleadership.com.

 

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About Alsbridge

Alsbridge, Inc. is an award-winning global advisory firm, providing unparalleled expertise in information, technology and business process outsourcing, shared services, finance and accounting, and benchmarking. The firm is fact-based and client-focused, with a proven methodology that fosters success.  Alsbridge defines client goals and scope, finds the best cultural fit with providers, refines the best solutions and eases transitions and implementation. Founded in 2005, Alsbridge is the proven, effective difference. For more information, visit www.alsbridge.com.

 

 

 

john.meyerson@outsourcingleadership.com
www.alsbridge.com/

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Raytheon Advances Zumwalt Program With Innovative Technology From ... - MSN Money

Posted: 05 Nov 2009 06:55 AM PST

TEWKSBURY, Mass., Nov. 5, 2009 /PRNewswire/ -- Raytheon Company RTN and small business partner KaZaK Composites Inc., Woburn, Mass., have completed the design phase of the composite ballistic screen for integration onboard the Zumwalt-class destroyer (DDG 1000).

With the U.S. Navy, Raytheon and KaZaK recently celebrated as the technology formally transitioned to Small Business Innovative Research (SBIR) Phase III production - a critical milestone for an SBIR program.

"This project has set a benchmark for how Navy, industry and SBIR acquisition teams can leverage the expertise of a talented and agile small business, such as KaZaK, to meet real warfighter needs with advanced yet affordable technology," said Raytheon Integrated Defense Systems' (IDS) Michael Sosin, vice president of Integrated Warfare Systems and Zumwalt program manager. "This process demonstrated Raytheon's leadership in design and cross-team collaboration to drive to the Phase III production goal set by our customer."

Working closely with the Naval Sea Systems Command (NAVSEA) acquisition team, Raytheon and KaZaK initiated an accelerated design, prototyping and test program in 2008. Multiple design iterations were explored during preliminary design through concurrent engineering coordination between Raytheon and Zumwalt national team partners Bath Iron Works and BAE Systems.

The prototype and subsequent full-scale designs were iterated and validated through successful live-fire testing in 2008 and 2009. NAVSEA provided a prime contract modification to Raytheon for mission systems equipment. This enabled a SBIR Phase III subcontract award to KaZaK in September 2009 for long-lead material to produce the ballistic screens for the first two Zumwalt ship sets.

The Small Business Innovation Research program was established by Congress in 1982 with a statutory purpose to strengthen the role of innovative small business concerns in federally funded research or research and development (R/R&D). Specific program purposes are to stimulate technological innovation; use small business to meet federal R/R&D needs; foster and encourage participation by socially and economically disadvantaged small businesses in working in technological innovation; and increase private sector commercialization of innovations derived from federal R/R&D, thereby increasing competition, productivity and economic growth.

Integrated Defense Systems is Raytheon's leader in Global Capabilities Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.

Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.


     Contact:
     Carolyn Beaudry
     401.842.3550
 

SOURCE Raytheon Company

Copyright 2009 PR Newswire

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CA-BUSINESS Summary - ReportonBusiness.com

Posted: 05 Nov 2009 07:16 AM PST

Agrium raises bid for CF; investors not impressed

TORONTO/NEW YORK (Reuters) - Canada's Agrium Inc sweetened its hostile bid for U.S. rival CF Industries to $4.52 billion, the latest twist in a three-way takeover battle, but the offer failed to impress CF's investors and the company's shares fell 8.4 percent. Agrium has been pursuing a deal with CF since February, while CF is itself locked in a hostile battle to take over U.S. rival Terra Industries .

TSX lower as commodity prices fall

TORONTO (Reuters) - Toronto's main stock index was lower on Thursday morning as weak commodity prices pulled down the market's key oil and gas and mining sectors. At 9:39 a.m. (1439 GMT), the S&P/TSX composite index <.gsptse> was down 11.39 points, or 0.1 percent, at 11,059.91.60. The index had opened up slightly, rising 3.4 points.

Canada housing permits at 1-year high in September

OTTAWA (Reuters) - Permits for housing construction in Canada surged to a one-year high in September, driving up the value of overall building permits by 1.6 percent from August as expected, Statistics Canada said on Thursday. It was the second straight monthly increase in permits after a 7.4 percent jump in August, revised from the 7.2 percent increase previously reported.

RIM says authorized to repurchase $1.2 billion of shares

(Reuters) - BlackBerry maker Research In Motion Ltd said its board authorized a share buyback of up to $1.2 billion. The company would buy back about 21 million common shares, representing about 3.6 percent of the currently outstanding common shares on Nasdaq.

Manulife posts Q3 loss on actuarial changes

TORONTO (Reuters) - Manulife Financial Corp posted a third-quarter loss on Thursday as lower corporate bond yields and changes to actuarial assumptions offset stock market gains. North America's largest life insurer said it had a net loss of C$172 million ($162 million), or 12 Canadian cents a share, compared with earnings of C$510 million, or 33 Canadian cents a share, in the same period last year.

Sun Life takes Q3 loss on actuarial changes

TORONTO (Reuters) - Sun Life Financial Inc reported a net loss on Thursday due mostly to a change to the assumptions it uses to value its books, but cited underlying strength as it maintained its dividend payout. Canada's No. 3 life insurer also said it believed 2010 earnings could be as much as 33 percent below what they were before the financial crisis sideswiped the industry, offering a much-sought-after view of what normalized income might be.

Biovail profit lower after R&D charges

TORONTO (Reuters) - Biovail Corp reported lower third-quarter profit on Thursday as research and development costs and restructuring charges hurt the Canadian drugmaker. But Canada's biggest publicly traded pharmaceutical company said it would not slow its hunt for acquisitions as it transforms itself into a company focused on treatments for central nervous system disorders.

Thomson Reuters Q3 profit beats forecast

NEW YORK (Reuters) - Thomson Reuters Corp's quarterly revenue fell but profit beat Wall Street estimates, helped by foreign currency rates and cost cuts, and the company affirmed its 2009 outlook. The news and financial data publisher reported on Thursday that revenue in its markets division, which serves the financial industry, fell 4 percent to $1.86 billion in the third quarter.

Loonie firm after U.S. data, bonds steady

TORONTO (Reuters) - Canada's dollar was slightly firmer against the U.S. currency on Thursday after data showing U.S. jobless claims fell and productivity rose at its fastest pace in six years. The reports helped spur investor appetite for riskier assets, highlighted by a jump in U.S. stock futures after the report. <.n/>

Oil falls below $80 on firmer dollar, weak equities

LONDON (Reuters) - Oil fell to around $80 a barrel after a steep decline in U.S. crude inventories sent prices up 1 percent the previous day, as traders aimed to lock in profits amid weaker equity markets and a firming dollar. U.S. crude for December fell 45 cents to $79.95 by 1151 GMT, after hitting $81 a barrel the previous day.

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