ACE changes its practices
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ACE Ltd. yesterday became the latest insurance company to unveil changes in its business practices in response to the industry probe launched by New York's attorney general.
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(InfoWorld) - Less than two years after its last major reorganization, AOLÂ  is again redrawing its internal business architecture to better align it with its new strategy toÂ focus on online advertisingÂ and retreat from the Internet access market. In an e-mail message to employees Wednesday, AOL Chairman and Chief Executive Officer Jonathan Miller said AOL's four business units -- Access, Audience, Digital Services and Europe -- will be replaced by "smaller, nimbler product groups with more authority and greater accountability." AOL must become a global business led fully by its products, he wrote. "We made progress breaking down the matrix, but we did not, in my opinion, go far enough. Now we will go further," reads the e-mail, a copy of which was obtained by IDG News Service. While product leaders will become general managers with wide-ranging authority over product development, the ad sales operation will remain centralized, as will the legal, human resources, finance and public relations operations. Having companywide oversight and services is important, he wrote. "The recent Search data debacle is a prime example of why, even with the best of intentions, without proper oversight, costly mistakes can be made," Miller wrote, referring to the scandal that erupted last month from AOL's release of search engine records. Although the reorganization is in flux, Miller has defined several roles. Randy Boe has been entrusted with a unit dedicated to AOL's protection of consumers, and he will soon appoint AOL's first chief privacy officer. Boe's replacement as general counsel will be announced next week. There is no mention in the e-mail about what role, if any, Tatiana Platt, AOL's senior vice president of integrity assurance and chief trust officer, will play in this unit led by Boe. Boe will report to Ted Leonsis. A high-ranking AOL veteran of 13 years, Leonsis willÂ give up his day-to-day management dutiesÂ as president of the Audience business in January, while retaining his role of vice chairman, AOL announced last week. Joe Redling will be in charge of AOL's international, mobile and customer relations businesses. AOL needs to boost its international business and will announce a new international structure "soon", Miller wrote. Mobile efforts also need strengthening, because it's an area where the company hasn't had enough focus and investment, Miller wrote. Jim Bankoff will continue in charge of AOL's programming and the AIM instant messaging service, while Kevin Conroy will oversee AOL-branded products such as the AOL.com portal, Web mail service and video offerings. Mike Kelly will continue to run the ad sales operation. These four executives will provide further organizational details about their teams in coming weeks. Last month, AOL announced its intention toÂ slash as many as 5,000 jobs worldwide, or just over a quarter of its workforce, anticipating the shrinkage of its access business.
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The Food and Drug Administration  said yesterday that it is making changes in the way it operates to prevent the kind of drug safety controversies that have dogged the agency in recent years.
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CV Therapeutics announces a new plan to reduce costs.
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The names of the characters have also changed.
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Broker Marsh &amp; McLennan Cos. and insurer Ace Ltd. (ACE.N: Quote, Profile, Research) have fired a total of six employees in recent days as a result of internal investigations related
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The company is facing challenges as it changes its business from one focused on PDAs to one that specializes in smart phones.
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August presented a challenge for yet another retailer.
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FRIDAY, July 13  -- Convenience has become a fixture in American society. As life grows more fast-paced, people look for more corners to cut and ways to save time.
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The Massachusetts Division 1-A Boys Hockey Tournament -- a.k.a. The Super 8 -- has been extended into 2009 and will feature a slew of changes, including shootouts, head-to-head tiebreakers, and a new tournament selection process.
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The core code for Windows is undergoing a rewrite to make it slimmer for use in a wide range of future products.
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The Eastern Conference playoff picture got a bit tighter and a lot more intriguing in a matter of hours.
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Implementers from The Hartford, American Express and Honeywell Aerospace swapped best-practice tips and tricks at a recent conference.
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Investigations into the sale of insurance that can smooth out volatile earnings have widened significantly, as Ace Ltd., a big Bermuda insurer with extensive operations in the United
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The DCML Organization has announced a decision to move its technical and marketing activities to OASIS, organized as a new OASIS Member Section.
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Ace Ltd., a Bermuda-based property and  casualty insurer, on Wednesday said its Ace USA unit's chief  executive resigned as it widened a probe into possible  misconduct by employees.
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Three years between betas VMware has hoisted a revamped version of its ACE desktop virtualization software onto a beta testing site.â¦