“Nasdaq OMX and Verizon Business extend cooperation - TMCnet” plus 4 more |
- Nasdaq OMX and Verizon Business extend cooperation - TMCnet
- Novell condenses 4 business units into 2 - WTOP Radio
- Legal case debates classiness of Flynt family smut - WTVF
- General Mills Raises Dividend 4.3% on Business Strength - FLEXNEWS
- Bank of America to increase small business lending by $5 billion ... - Emailwire
| Nasdaq OMX and Verizon Business extend cooperation - TMCnet Posted: 14 Dec 2009 11:48 PM PST
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Nasdaq OMX and Verizon Business extend cooperation(Telecomworldwire Via Acquire Media NewsEdge) Market company The Nasdaq OMX Group (Nasdaq: NDAQ) today announced that it has signed two new contracts with Verizon Business, the business arm of the US based telecoms company, extending an existing relationship under which Verizon Business provides the exchange company with professional services, unified communications and corporate network services.
The contracts cover two main areas: NASDAQ OMX is expanding its use of Verizon Business' data centre co-location services in the US to enhance its overall trading capabilities; and the exchange company is also transitioning its Nordic exchanges' existing trading and market data access network to Verizon Business. NASDAQ OMX is entrusting the day-to-day facility management of its core data-center infrastructure and services in the US to a Verizon Business team, which will operate in-house. This will support the expansion of the exchange's co-location services in the US. In addition, NASDAQ OMX's Nordic exchanges will move to an open connectivity model as of 1 January 2010, when trading and market data customers of NASDAQ OMX's Nordic Exchanges across Europe will be able to select their carrier of choice. As a result of this, the group is moving its proprietary Nordic access network to Verizon Business, where it will be integrated in the Verizon Financial Networking solution (VFn), a dedicated solution for the financial services community. The VFn offers financial customers a scalable and low latency solution for both trading and market data that includes dedicated support. No financial details of the agreements were disclosed.
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[ Back to the Smart Data Centers Resource Center's Homepage ] fivefilters.org featured article: Normalising the crime of the century by John Pilger |
| Novell condenses 4 business units into 2 - WTOP Radio Posted: 14 Dec 2009 02:58 PM PST WALTHAM, Mass. (AP) - Novell Inc. said Monday that it will condense its four business units into two in an effort to streamline operations. The company, which sells computer-networking software and technology services, also said that two executives will leave. Novell's identity and security management, systems and resource management and open platform solutions business units will be rolled into a new security, management and operating platforms business unit. Novell said Jim Ebzery, who had been senior vice president and general manager of identity and security management, will become the head of the new unit. The company said that Colleen O'Keefe, senior vice president of global services, will also become senior vice president and general manager of Novell's new collaboration solutions business unit. That unit will be responsible for Novell's workgroup and services businesses. Joe Wagner, currently senior vice president and general manager of systems resource management products, will become senior vice president and general manager of global alliances. His duties will include being responsible for the company's strategic partnerships. The company also said that Jeff Jaffe, chief technology officer and executive vice president of Novell's business units, will leave the company Feb. 1. He will report to CEO Ron Hovsepian and work as a strategic adviser on an interim basis. Roger Levy, senior vice president of strategic development, is also leaving, the company said. (Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
fivefilters.org featured article: Normalising the crime of the century by John Pilger | |
| Legal case debates classiness of Flynt family smut - WTVF Posted: 11 Dec 2009 03:13 AM PST
By JOHN ROGERS Associated Press Writer LOS ANGELES (AP) - The porn family feud that played out in federal court this week ended in a draw Friday when a jury ruled that Larry Flynt's estranged nephews infringed on their famous uncle's trademark when they launched their own smut business, but did not invade his privacy and were not liable for the substantial attorney fees both sides rang up. The jury of four men and four women rendered its verdict after a four-day trial, during which they sat next to a big-screen TV that was used to repeatedly display blown-up photos of porn DVD boxes featuring naked women on the front and people engaged in all sorts of contortions on the back. They listened as Flynt, who was paralyzed when he was shot by a white-supremacist sniper in 1978, sat in his gold-plated, velvet-lined wheelchair on Tuesday and Wednesday and testified that in the porn business his name stands for quality. His nephews, he said, were besmirching it by putting that name on "trashy" adult movies. "The junk they publish hurts my reputation, which in turn hurts my revenue," the gruff, gravelly voiced porn king testified. As both sides debated what constitutes an elegant sex film as opposed to a trashy one, jurors sat stone-faced, observing posters for films with titles like "Hot Showers" and "Sex at Your Service." After about three hours of deliberations Friday, they concluded that Flynt's nephews, Jimmy Flynt Jr. and his brother, Dustin Flynt, did indeed infringe on their uncle's trademark when they produced films with just the word "FLYNT" in large capital letters above the titles. At the same time, the jury rejected Flynt's contention that his nephews invaded his privacy, a ruling their attorney, Dan DeCarlo, said holds Flynt responsible for all attorney fees. Overall, both sides claimed victory. Flynt's attorney, Mark Hoffman, said all his client wanted was to maintain his good name in the porn community, adding that he never asked the jury for monetary damages. "This has been very hard on Mr. Flynt," he said. "He never wanted to go this far. All he wanted to do was the right thing." Meanwhile, Jimmy Flynt Jr. said he has already launched a new Web site that he believes meets the requirements of the jury's ruling. Called flyntnation.com, it contains both his and his brother's first names, as well as the disclaimer, "Larry Flynt is not affiliated with and does not endorse this." "No one wins in this thing," said Jimmy Jr., who bears a striking resemblance to his square-jawed uncle. "It's sad that the family is in this dispute, but we felt strongly that we should be allowed to use our name in our business." The nephews launched their own company after their uncle fired them from executive positions at Larry Flynt Publications in November 2007. Jimmy Jr., 37, had worked there for 17 years, starting in the mailroom. His 34-year-old brother had been there 10 years. "I felt they were doing a horrible job," their 67-year-old uncle testified. Larry Flynt, who started in the porn business more than 40 years ago, owns Hustler magazine and other publications, operates Internet sites and retail stores, produces films, owns pricey real estate and even markets a line of clothing. Although his privately held company is said to be worth tens of millions of dollars, he fired his nephews' father, Jimmy Flynt Sr., last year, saying he needed to save money to sue Jimmy Sr.'s sons. "I told him that this lawsuit was going to be expensive to finance it, and the only way I could was to not have him working for the company," Flynt testified during the trial. Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. fivefilters.org featured article: Normalising the crime of the century by John Pilger | |
| General Mills Raises Dividend 4.3% on Business Strength - FLEXNEWS Posted: 15 Dec 2009 12:24 AM PST Minneapolis, Dec 14, 2009 - General Mills said today that its board of directors declared an increase in the quarterly dividend rate to 49 cents per share, effective with the dividend payable February 1, 2010, to shareholders of record January 11, 2010.With this rate increase, dividends paid to General Mills common shareholders in fiscal 2010 are expected to total $1.92 per share, up 12 percent from dividends of $1.72 per share paid in fiscal 2009. This is the second quarterly dividend rate increase declared during fiscal 2010. The prior quarterly rate of 47 cents per share was established with the August 2009 payment. "We thank shareholders for their investment in General Mills," says Chairman and Chief Executive Officer Ken Powell. "Our company strongly believes in returning cash to shareholders through dividends, and increasing those dividends as our business grows. Over the past five fiscal years, General Mills shareholder dividends have grown at a 9 percent compound rate. Our leading food brands are performing well despite the challenging economic environment, and today's announcement reflects this fundamental business strength." General Mills and its predecessor firm have paid shareholder dividends without interruption or reduction for 111 years. The anticipated fiscal 2010 dividend rate of $1.92 represents a yield of 2.8 percent on recent share prices of approximately $69 for General Mills common stock. Total return to General Mills shareholders (stock price appreciation plus reinvested dividends) has been 18 percent over the one-year period ended December 11, 2009, and has averaged 11 percent per year over the past five years. fivefilters.org featured article: Normalising the crime of the century by John Pilger | |
| Bank of America to increase small business lending by $5 billion ... - Emailwire Posted: 15 Dec 2009 02:11 AM PST (CHARTPOPPERS.COM, December 15, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company Bank of America Corp. (NYSE: BAC) The Consolidated Investment Analysis on Bank of America Corp. (NYSE: BAC)will be in particular interest to other competing companys within in its sector, such as Citigroup Inc. (NYSE:C), JP Morgan Chase. (NYSE: JPM) and HSBC Holdings. (NYSE: HBC) Bank of America Corporation (Bank of America) is a bank holding company and a financial holding company. Through its banking subsidiaries and various non-banking subsidiaries throughout the United States and in selected international markets, it provides a diversified range of banking and non-banking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking and Global Wealth and Investment Management. Bank of America operates in 50 states, the District of Columbia and more than 40 foreign countries. Recent News on Bank of America Corp. (NYSE: BAC) Bank of America Corp. has pledged to increase lending to small and midsized businesses by at least $5 billion next year. To view the Consolidated Investment Analysis on Bank of America Corp. (NYSE: BAC)Please visit the stock pulse page at www.chartpoppers.com/stock%20pulse/ In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity. The full report is available at www.chartpoppers.com Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of what's going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed. For More information please visit us at www.chartpoppers.com/about/ Chartpoppers.com Disclosure fivefilters.org featured article: Normalising the crime of the century by John Pilger |
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