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Employers cut 533K jobs in Nov., most in 34 years- Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.
- News of a rapidly weakening job market put Wall Street on track for a sharply lower open Friday. The Labor Department's report that employers slashed 533,000 jobs in November had investors worrying about a long and deep recession.
Thailand reopens main international airport- Dancers, drummers and apologetic tourism officials greeted travelers Friday at the official reopening of Thailand's main international airport, which was shut down for a week by anti-government protesters.
US general spells out Iraq mission under new pact- A security pact that sets a timetable for troops to leave Iraq requires a shift in how the U.S. carries out combat missions during its remaining time in the country, the top U.S. military commander in Iraq said Friday.
- Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value - about $9 billion - in barely one month, according to an Associated Press analysis. Shares in virtually every bank that received federal money have remained below the prices the government negotiated.
Auto bailout could be tied to gov't-run overhaul- The government would order a major restructuring of Detroit's struggling Big Three auto companies in exchange for a multibillion-dollar bailout under a plan circulating in Congress.
- Barack Obama, who rewrote the book on presidential fundraising, amassed more than $745 million during his marathon campaign, more than twice the amount obtained by his rival, Republican John McCain.
Hollywood's No. 1 women: Winfrey and Jolie- Oprah Winfrey tops The Hollywood Reporter's Power 100 list, an annual ranking of the most influential women in the entertainment industry.
- Armed robbers - some dressed in drag - made off with euro80 million ($100 million) in loot from a lightning-fast jewelry store theft in central Paris, in what police Friday called one of France's costliest jewel heists.
Giants' Pierce to meet with NYC investigators- Antonio Pierce is finally going to talk to investigators about what he did on the night Plaxico Burress shot himself.
CSC Named 'Best Technology Firm' by Reactions Magazine
FALLS CHURCH, Va.
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To select the award winners, Reactions, a financial publication for the global insurance market, surveyed its readers and conducted interviews with leading individuals and companies representing the insurance and reinsurance industries. Reactions added the Best Technology Solutions Provider category for the first time in the award program's seven-year history because of the critical role information technology (IT) now plays in the insurance industry.
"It is an honor to be recognized by some of the most respected companies
and individuals within the industry, many of whom are our customers," said
CSC's technology platforms and financial services applications are used by two thirds of the world's top 50 insurers and nearly half of Fortune's global 500 financial services companies. Half of the world's reinsurers use CSC reinsurance solutions.
About CSC in Financial Services
CSC distinguishes itself through its time-tested ability to plan, build and operate highly reliable, efficient and secure business and IT solutions for leading financial services firms around the world.
To complement its capabilities in consulting, systems integration and outsourcing, CSC brings financial services industry knowledge and experience, a comprehensive portfolio of financial services application software and an extensive network of industry and technology partners. CSC's financial clients include more than 1,200 major banks, insurers and investment management and securities firms.
About CSC
CSC is a global leader in providing technology-enabled solutions and
services through three primary lines of business. These include Business
Solutions & Services, Global Outsourcing Services and the North American
Public Sector. CSC's advanced capabilities include systems design and
integration, information technology and business process outsourcing,
applications software development, Web and application hosting, mission
support and management consulting. Headquartered in
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