CHANGE MY LOCATION
Business and Finance
Business News
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 Delivers Product Configuration Software to Three of Top 20 U.S. Life and Annuity Insurers
EL SEGUNDO, Calif.
(Map)
-
Product Accelerator gives business experts, rather than software programmers, control of product introduction. Unlike other product configuration software, Product Accelerator includes a comprehensive library of insurance products that enables carriers to reduce the time needed to launch new products from months to days. In addition, the software includes common life insurance and annuity product line templates and content publishing capability.
During development, CSC reviewed the early adopters' processes and incorporated automation and other changes to streamline product introduction. The early adopters will continue their involvement in future Product Accelerator releases by participating in regular collaborative meetings that help to prioritize future functionality and by beta testing the software.
"Working with three leading insurers as early adopters helped CSC strengthen Product Accelerator by drawing upon our clients' industry and practical experience," said Michael W. Risley, president of the Life and Annuity division of CSC's Financial Services Sector. "Product Accelerator will help insurers speed new products to market, enhancing their ability to stay competitive and profitable."
About CSC
Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 87,000 employees, CSC provides innovative solutions for
customers around the world by applying leading technologies and CSC's own
advanced capabilities. These include systems design and integration; IT and
business process outsourcing; applications software development; Web and
application hosting; and management consulting. Headquartered in El Segundo,
Calif., CSC reported revenue of
|
|
