IT Service News

Property/casualty industry distribution solutions vendor Sword Group has acquired the full share capital of privately-held insurance distribution technology provider AgencyPort .

Concerns that Dell isn't leading the PC market recovery hurt Dell's stock despite increased earnings and solid expectations.

Viacom president and CEO Philippe Dauman expressed some concerns about a possible Comcast acquisition of a majority stake in NBC Universal Friday, but said his firm will wait with a full evaluation until terms and other details are announced.

Medidata Solutions Inc., a maker of software and services for clinical development of drugs and medical devices, said Friday it plans a public offering of 4.5 million shares of its common stock.

Moody's Investors Service said Friday that it downgraded ratings for Sprint Nextel Corp.

Verizon Communications Inc.'s push to cut an additional 8,000 jobs by the end of the year hit Westchester County on Wednesday, as a local union protested the firing of more than two dozen workers.

Iron Mountain Inc. disclosed Wednesday the chief of its digital business unit would be leaving at the end of the year and will be replaced by the founder of its eDiscovery product unit.

ManTech International Corporation has named two industry experts to lead its Smart Power and Afghanistan-Pakistan campaigns supporting customer global initiatives.

Rediff Business Desk Reliance Industries chairman Mukesh Ambani is the richest man in India with $32 billion in net worth followed by steel tycoon Lakshmi Mittal and younger brother Anil Ambani, according to the Forbes ' annual rich list for the country.

Lending credence to reports of a possible hookup between the No. 1 U.S. satellite-TV provider and one of the major U.S. carriers, Liberty Media chairman John Malone said at a shareholders' meeting today that " DirecTV is very compatible with the phone companies." As reported by Reuters, the comments came at a special gathering to approve the ...

Verizon Wireless laid off more former Alltel Corp. headquarters workers Thursday, saying the jobs were redundant after its acquisition of the Arkansas-based wireless provider.

Stage Stores Inc. on Thursday reported a third-quarter net loss of $7.3 million, or 19 cents a share, compared to a loss of $102.8 million, or $2.66 a share, in the same period last year.

Palm Inc. is fighting harder than ever to snag a chunk of the smart phone market, and just six months after releasing the stylish Pre it's back with a lighter, more petite and affordable version called the Pixi.

Some key state regulatory officials are opposing Frontier Communications Corp.'s plan to buy Verizon's wire line business in West Virginia and 13 other states.

IPCS Inc. investor Greywolf Capital Management LP urged the carrier's board to hold out for a higher takeover offer from Sprint Nextel Corp.

In a Nov. 17 story about job cuts at Verizon Communications Inc., The Associated Press, relying on a labor union report, erroneously reported that Verizon is laying off more than 1,000 employees in Washington, D.C., Maryland and Virginia.

American Tower Corp. said Wednesday it is buying 196 wireless communication towers from Cincinnati Bell Inc.

Southeast Asiaa s largest telecoms group by subscribers and revenues Singapore Telecommunications , yesterday announced its intention to conduct a regional trial of Long Term Evolution technology in Australia, Indonesia, the Philippines and Singapore in collaboration with Optus, Globe Telecom and Telkomsel.

Article:Satyam faces claims of about US$267 million:/g/a/2009/11/17/urnidgns002570F3005978D80025767100521D79.DTL Article:Satyam faces claims of about US$267 million:/g/a/2009/11/17/urnidgns002570F3005978D80025767100521D79.DTL 07:49 PST -- Indian outsourcer Satyam Computer Services has received legal notices from 37 companies, demanding the return ...

Defense contractor Science Applications International Corp., or SAIC Inc., has completed the reclassification of its class A preferred stock into common stock.