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LATEST ARTICLES
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Data Lost on 650,000 Credit Card Holders
Personal information on about 650,000 customers of J.C. Penney and up to 100 other retailers could be compromised after a computer tape went missing. GE Money, which handles credit card operations for Penney and many other retailers, said Thursday night that the missing information includes Social Security numbers for about 150,000 people. The information was on a backup computer tape that was discovered missing last October. It was being stored at a warehouse run by Iron Mountain Inc., a data storage company, and was never checked out but can't be found either, said Richard C. Jones, a spokesman for GE Money, part of General Electric Capital Corp. Jones said there was "no indication of theft or anything of that sort," and no evidence of fraudulent activity on the accounts involved. More>>
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MARKET SNAPSHOT: U.S. Stocks End Lower; Dow Still Scores Weekly Gain ...
U.S. Stocks End Lower; Dow Still Scores Weekly Gain Of 0.9% 1/25/2008 4:53:00 PM ET Related symbols: CAT DB DJ EGRP ET GS HDI HON INTC JNPR MRK MSFT SGP CNN Money U.S. stocks on Friday faltered, with the nerves of investors frayed and their expectations reduced for next week's Federal Reserve meeting, which already weighed in with an emergency rate cut earlier this week. Despite the drop, the Dow Jones Industrial Average (DJI) and S&P 500 Index ( SPX) eked out slight gains for the week, the Dow gaining 0.9% and the S&P advancing 0.4%, while the Nasdaq Composite Index (RIXF) finished with a weekly drop of 0.6%. The market had been anticipating another 50 basis-point reduction in the Fed's target rate at the two-day meeting that starts Tuesday. More>>
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Infonox Opens New Office, Extends Management Team and Announces Strong ...
AM SUNNYVALE, Calif., Jan. 25 /PRNewswire/ -- Infonox, a leading provider of Software as a Service (SaaS) financial products has expanded its business operations with the opening of an office in Englewood, Colorado. This office will support Infonox's expanding Client base of major bank and non-bank financial institutions and transaction processors. Infonox is also pleased to announce the addition of Dean Seifert, EVP, Product Management & Strategy, to the executive management team. Dean Seifert brings with him more than 15 years of financial services industry expertise in money transfer, banking services, bill payment, prepaid cards, financial instrument issuing and government payments. Safwan Shah, the CEO and President of Infonox said, 'Infonox has entered a rapid 3 digit growth phase in its core technology offering. More>>
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