Financial services
Charter Communications, the #4 cable company serving over 6 million subscribers across 40 US states, has embarked on a significant upgrade to its systems in a bid to offer broadband services, including HDTV capabilities and digital telephone services. The company's 90% voting power is controlled by Microsoft co-founder
Financial services
China's banking regulator has dismissed speculation that it would allow US-based Citigroup to secure a 36 per cent share in Guangdong Development Bank (GDB), citing regulatory restrictions on foreign bank holdings. The revelation comes as Citigroup, Societe Generale, and Ping An Group compete for a stake in the
Financial services
The Philippine government, through National Power Corp. (Napocor), has tapped Citigroup and Deutsche Bank to handle a $700 million bond sale. The debt issue will be guaranteed by the government. The sale is expected to be launched soon, subject to market conditions. Key Takeaways: * The Philippine government's state-run
Financial services
The Dormitory Authority of the State of New York (DASNY) has issued $750 million in state personal income tax (PIT) revenue bonds, series 2006C, which have been assigned an 'AA-' rating by Fitch. The bonds are expected to sell this week through negotiation with a syndicate led by
Financial services
Hyundai Steel Co., South Korea's second-largest steelmaker, is planning to raise $1.5 billion to fund the construction of an integrated steel mill in Dangjin, a city located in the southwestern part of the nation. The mill, scheduled for completion in 2011, will have an annual production capacity
Financial services
CitiStreet, a global benefits provider servicing over 11 million plan participants, has deployed Third Brigade's host intrusion defense system to protect its mission-critical servers and ensure compliance with tough industry regulations. The system, which uses deep packet inspection to detect and prevent known and zero-day attacks, will provide
Banks (Finance)
Chuck Prince, chief executive of Citigroup, faces growing criticism from investors and analysts as the company's share price has stagnated over the past three years, underperforming its rivals. Despite efforts to repair the company's troubled reputation and improve its internal controls, Citigroup's earnings have
Banks (Finance)
Deutsche Bank and Credit Suisse have agreed to provide a $70 million six-year revolving credit facility, a $1.485 billion six-year first lien term loan, a $520 million seven-year second lien term loan, and a $405 million seven-and-a-half-year third lien term loan to The Reynolds and Reynolds Co. This financing
Financial services
Customers of Virgin's credit card are facing a significant change to their rewards program, with a requirement to switch from Mastercard to American Express if they want to continue earning points. This move has sparked anger among some cardholders, who point out that American Express is less widely
Financial services
The Australian government is at a stalemate over American Express's proposal to bring in 160 Japanese workers to staff a Sydney call centre. Immigration Minister Amanda Vanstone supports the plan, citing the need to compete with offshore call centres, while Workplace Relations Minister Kevin Andrews has warned that
Financial services
Seven Summits Research, a prominent investment research group, has issued PriceWatch Alerts for several key stocks, providing investors with valuable insights and market analysis. These PriceWatch Alerts cover stocks such as Broadcom Corp., American Express Co., and J C Penney Corporation, Inc., among others. The alerts offer hedged trade ideas
Financial services
Paciolan, a leader in venue-enabled ticketing, marketing, and fundraising solutions, has validated compliance with the Payment Card Industry Data Security Standards (PCI DSS). This achievement ensures that Paciolan's clients can manage data security risks related to credit cardholder data for both hosted and non-hosted clients. As a result,
