Stories by Thomas Hoffman

Global Crossing to buy into Street services

Global Crossing, which is building and operating an advanced global IP-based fibre-optic network, has announced plans to acquire one of the top IP network services providers to Wall Street firms.

SEC Sues Online Day-Trading Firms

The U.S. Securities and Exchange Commission today sued two day-trading firms and charged them with lending too much money to their respective customers.

Global Crossing Buys Wall St. IP Services Provider

Global Crossing Ltd., which is building and operating an advanced global IP-based fiber-optic network, has announced plans to acquire one of the top IP network services providers to Wall Street firms.

Communications Glitch Freezes Nasdaq Index

The Nasdaq Stock Exchange Inc. was unable to update quotes to its Nasdaq Composite Index for 2.5 hours Friday afternoon after the all-electronic market experienced a glitch with a communications feed to one of its mainframe computers.

Kerr-McGee Taps IS Chief

Kerr-McGee Corp., an Oklahoma City-based energy concern, has named Samuel A. Hewes director of information services.

Kick-Starting a Euro Project

Some companies' euro conversion projects are suffering from low-priority status, lack of resources and sluggish responses from business units. How do you revive business support for a stalled euro project? Gartner Group Inc. analyst Nick Jones and other euro watchers offered the following advice:

Chinese CIOs Take Lessons in E-Commerce

They came from the other side of the world hoping to learn how tech-savvy U.S. organizations are leveraging the Internet to grow or improve their operations. They left with lessons about how some U.S. companies and government agencies are making e-commerce work for them - and where there's still room for improvement.

Euro Projects Bumped By E-Commerce, ERP

Unshackled from Y2K projects, companies are racing to implement a variety of other initiatives, from e-commerce to enterprise resource planning (ERP).

Siemens Slashing Accounting Costs

With offices in more than 190 nations, Siemens AG runs a lot of redundant back-office activities, with accounting near the top of the heap.

Financial Mergers Face IT Hurdles

Recent financial-services modernization legislation knocks down a lot of the walls that once separated banks, brokerages and insurance companies.

Nasdaq Launches Venture for 'Net Trading Overseas

Nasdaq Stock Market Inc. has formed a joint venture with an Indian software developer to create Internet-based trading systems aimed at supporting Nasdaq-Japan and Nasdaq-Europe when those electronic markets go live in 2001.

Wall Street's First Batch Run of 2000 Goes Well

Wall Street breathed another sigh of relief today when brokerages, stock exchanges, clearing houses and other entities discovered that their first batch processing runs in the new year were free of any Y2K-related glitches.

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