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News & Commentary
Content tagged with Management Strategies posted in May 2012
Wells Fargo Eyes Insurance Sales Acquisitions
News  |  5/31/2012
Wells Fargo & Co, after a respite from acquisitions following its 2008 purchase of Wachovia Corp, is interested in buying insurance sales businesses, its chief executive said Thursday.
CGI To Acquire Logica
News  |  5/31/2012
The Canadian IT services firm will spend $1.7 billion British Pounds on the acquisition.
SAP's Ariba Buy Opens New Front in Oracle Rivalry
News  |  5/23/2012
Software company SAP AG's deal to buy Ariba Inc opens a new front in its battle with Oracle for the internet-based cloud computing market, raising the possibility of a counterbid from its arch rival.
SAP Buys Ariba for $4.3 Billion
News  |  5/23/2012
The move by SAP to acquire the cloud-based business commerce network positions it in a fast-growing segment.
HP Layoffs Signal Punishing Fall
Commentary  |  5/21/2012
Unless HP can turn enterprise software, cloud services, or some other line into a high-volume, high-margin business, it's in for a world of hurt.
China to Top Japan in IT Spend by 2013
News  |  5/17/2012
According to a new report issued by IDC financial Insights, IT spending in China will reach $173 billion in 2013.
HSBC Doubles Turnaround Target to $2 Billion
News  |  5/17/2012
HSBC doubled the annual revenue boost expected from its turnaround plan to $2 billion, as Europe's biggest bank picks 22 markets to drive its growth and eyes more cost cutting to cope with new regulations in the wake of the financial crisis.
5 Ways IT Leaders Can Get More Staff Feedback
Commentary  |  5/17/2012
Criticism is hard to take, but it can be even harder for employees to offer. Here's how to encourage your IT staff to open up and build a stronger team.
Yahoo CEO Out, Investor Loeb Gets Board Seats
News  |  5/14/2012
Yahoo Inc is replacing its CEO for the third time in as many years, and giving three board seats to a hedge fund led by Daniel Loeb, putting him in a strong position to influence strategy at the struggling Internet company.
JPMorgan Investment Chief Drew Quits After Trading Loss
News  |  5/14/2012
JPMorgan Chase & Co sacrificed investment chief Ina Drew on Monday in response to trading losses that could reach $3 billion or more and which have tainted the reputation of the bank's high profile chief executive Jamie Dimon.
Wells Fargo Says it May Face Fair Lending Claims
News  |  5/8/2012
The U.S. Department of Justice believes it has grounds to bring claims against Wells Fargo & Co for monetary damages and civil penalties under fair lending laws, the bank said in a securities filing on Tuesday.
Investor Protest Votes on Pay Here to Stay
News  |  5/7/2012
Company directors will remain under pressure from shareholders over executive pay long after the market downturn ends and lawmakers stop the heckling that has helped prompt votes against remuneration policies at this year's annual meetings.
Bank of Montreal Establishes Abu Dhabi Office
News  |  5/7/2012
Bank of Montreal has set up a representative office in Abu Dhabi, expanding the Canadian bank's Middle East reach as the bank targets the region's vast wealth management market.
Wells Fargo Increases Mortgage Dominance
News  |  5/4/2012
Wells Fargo & Co made a record 33.9 percent of U.S. mortgage loans in the first quarter, as rivals such as Bank of America Corp continued to pull back in the home lending market.
Bank of America Names Global Ad Agency
News  |  5/4/2012
Bank of America Corp said on Thursday it has selected a team at WPP Plc as its global advertising agency of record after it put its account up for review in January amid repeated blows to its brand.
UBS Gets Stinging Rebuke From Shareholders on Pay
News  |  5/3/2012
UBS joined the lineup of major banks under attack from shareholders for handing out lavish pay packages, in an echo of recent protests at Credit Suisse and Barclays.

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