The News Review:
- Xerox utsources Management of Data Centers to India’s HCL
- Green Inc. Column f ‘Greenwash’ and Image Management
- Buyers Arise for AIG Unit as Some Bids Scrape Floor
- Treasury seeks more partners for bad asset program
- Achieve Management names Rich Greco to c-level position
- Community Bankshares told to improve risk management
Xerox utsources Management of Data Centers to India’s HCL
PC World
Under the contract HCL will run nine Xerox data centers in Europe and the US. The services that HCL will offer these mid-range data centers include business continuity and disaster recovery HCL said on Monday. The Xerox contract is the third large remote infrastructure management contract bagged by HCL this year. Last month it nabbed a $350 million seven-year outsourcing contract from The Reader’s Digest Association for IT infrastructure management application development and other services. The company announced in January that it had won a five-year contract from Nokia for outsourced desktop management and help desk across 76 countries. Infrastructure services accounted for 15. 3 percent of HCL’s revenue in the fourth quarter of last year.
Green Inc. Column f ‘Greenwash’ and Image Management
New York Times
Rose would not disclose the identity) and an environmental group that was nipping at its heels over electronic waste. The client naturally was eager to protect its good name and wondered how to make it all go away. But in a world growing weary of greenwash reputation management would seem as never before to be cutting both ways particularly as environmental groups nurture ever-closer relationships with the businesses whose behavior they seek to improve. To be sure corporate greenwash is an increasingly contentious topic around the globe and it has moved far beyond the regulation of patently false claims. Late last month for example the Committee of Advertising Practice in Britain the industry’s self-regulating body proposed stiff new rules for environmental advertising on television including a requirement that eco-friendly claims should attach to the entire life cycle of a product from raw material harvesting to factory and on to landfill. In Australia a similar industry body the Australian Association of National Advertisers issued new codes of its own last week. f particular interest in the rule-tightening was the use of vague and ultimately meaningless vernal imagery to imply “greenness.
Buyers Arise for AIG Unit as Some Bids Scrape Floor
Wall Street Journal
–>Buyers Arise for AIG Unit as Some Bids Scrape Floor ArticleCommentsmore in. ‘s asset-management business according to people familiar with the matter. But the sale of the $100 billion portfolio has become complicated by client withdrawals and declines in asset prices. The auction is for the piece of AIG Investments that handles outside asset management for pension funds insurance companies and wealthy individuals. The division’s portfolio consists of a wide range of investments including private-equity stakes hedge-fund interests and stocks and bonds.
Treasury seeks more partners for bad asset program
The Associated Press
A Treasury official said that only a few firms qualified under that criteria. The department also emphasized that the program is open to small and women- and minority-owned firms and said it will encourage such firms to partner with private asset managers. “Clearly they weren’t getting the participation they needed” said Bernie McGinn chief executive of McGinn Investment Management a money manager based in Alexandria Va. Some fund managers are concerned about teaming up with the government in the aftermath of the firestorm over bonuses paid to executives at insurance giant American International Group Inc. which has received $182. 5 billion in bailout funds. The House held hearings on the issue and approved legislation taxing the bonuses at 90 percent though the measure hasn’t become law.
Related from Auctionsmonster: US Department of the Treasury Seized and Forfeited Property …
Achieve Management names Rich Greco to c-level position
Bizjournals.com
The company is a nonprofit organization that provides management services to other nonprofit businesses. Previously Greco was a chief financial officer partner at the Tampa office of.
Community Bankshares told to improve risk management
Bizjournals.com
_B5D0EB63126B4A51B2502D920CC34186. improve its risk management practices according to an agreement published Monday by the Federal Reserve. The Greenwood Village-based bank holding company signed the agreement on March 25 with the Colorado Division of Banking and the Federal Reserve Bank of Kansas City.