assets news

The swap, which is still subject to government approval and other requisite consents, would rearrange the companies’ ownership interests in Gabon, the UK and Norway.

Acting as an independent third party, J.P. Morgan holds assets in escrow and disburses them when a performance or commitment is delivered upon. The service also includes document preparation, which can be customised to meet the specific needs of a transaction. J.P. Morgan already offers Escrow services in Australia, Brazil, China, Hong Kong, India and Singapore, the United Kingdom and the United States.

Citi today announced that it has signed a definitive agreement to sell its Diners Club North America card business to BMO Financial Group (BMO). The deal gives BMO exclusive rights to issue Diners cards in the U.S. and Canada.

Federal agencies now have more tools from Verizon Business to manage network access, protect critical assets, help prevent insider security threats, and help the agencies comply with federal security regulations.

Nokia today announced that it has completed the acquisition of cellity’s assets, which was initially announced on July 24, 2008.

Citi today announced that it has reached a definitive agreement to sell its entire ownership interest in Nikko Asset Management ("Nikko AM"), one of Japan’s leading asset management companies, to The Sumitomo Trust and Banking Co., Ltd. ("Sumitomo Trust") as part of a transaction that values Nikko AM at ¥120 billion (US$1.26 billion at an exchange rate of ¥95.07 to US$1.00).

Nortel* Networks Corporation [OTC: NRTLQ] announced today that it, its principal operating subsidiary Nortel Networks Limited, and certain of its other subsidiaries including Nortel Networks Inc., have concluded a successful auction of substantially all of Nortel’s CDMA Business and LTE Access assets.

Following the outcome* of the auction for the CDMA and Long Term Evolution (LTE) assets of Nortel, Nokia Siemens Networks (NYSE: NOK) remains focused on maintaining its leadership in the global wireless infrastructure industry and sustaining its recent momentum in the North American market.

Dell’s strong core assets, along with an expanding product portfolio and capabilities, are positioning the company well to meet customer requirements for information technology, especially in enterprise computing, Michael Dell, chairman and CEO, and Brian Gladden, Dell chief financial officer, told shareholders today at the company’s annual shareholder meeting.

BT today announced that it has been awarded a contract by Ministry of Defence (MOD) worth more than £99 million to support communications across 197 military bases. BT will manage voice and data networks in more than a quarter of a million MOD assets, including buildings, comms rooms and underground cable ducts.

Acquisition Enables Dramatic Expansion of CA's Automation and Cloud Capabilities

American International Group, Inc. (AIG) announced today an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash (¥115,500mm) to Nippon Life Insurance Company. The property consists of approximately one acre of land on which The AIG Otemachi Building in Tokyo is situated.

IBM (NYSE: IBM) today announced the acquisition of the assets of Exeros, a privately-held company based in Santa Clara, California, that provides leading data discovery software. Financial details were not disclosed.

The Lockheed Martin [NYSE: LMT] Army Tactical Missile System (ATACMS) team was recognized for submitting the 5 millionth item to the Item Unique Identification (IUID) Registry at a ceremony during the Department of Defense IUID forum recently in Denver, CO.

According to a survey by the IBM Institute for Business Value, 90% of financial markets executives and government officials believe the returns of the past are over. The study reveals that as the financial markets industry radically restructures, firms must adapt to a new lower-margin landscape where they will need to specialize around services that clients value rather than continuing to provide a full range of in-house offerings

CA (NASDAQ: CA) today announced it has been named a “Leader” for IT asset lifecycle management (ITALM) tools in The Forrester Wave™: IT Asset Lifecycle Management, Q2 2009 (April 2009) research report.* CA earned a “Leader” rating based on its strong end-to-end offerings and excellent product vision based on Forrester’s evaluation of CA IT Client Manager and CA IT Asset Manager.

Rackable Systems, Inc. (NASDAQ:RACK), a leading provider of servers and storage products for medium to large-scale data centers, today announced its agreement to acquire substantially all the assets of Silicon Graphics, Inc. (SGI) (NASDAQ: SGIC) for approximately $25 million in cash, subject to adjustment in certain circumstances, plus the assumption of certain liabilities associated with the acquired assets.

New Altiris Endpoint Management Suites extend Symantec’s leadership in IT Lifecycle Automation.

Elsevier, the world's leading publisher of scientific, technical and medical information products and services, announced today the acquisition of the publishing assets of William Andrew, Inc.

Citi (NYSE: C) today announced it will realign into two businesses, Citicorp and Citi Holdings, to optimize the company's global businesses for future profitable growth and opportunities.