JPMorgan Chase Cancels $5-Billion Outsourcing Deal With IBM
601327
The inexorable march of outsourcing took an abrupt about face Wednesday, when JPMorgan Chase bank canceled its $5-billion outsourcing deal with IBM and said it would take back the 4,000 employees working at IBM on the bank&#39;s IT programs.
217229
JPMorgan Chase &amp; Co., the second- biggest US bank, said Chief Financial Officer Dina Dublon will resign and be replaced by Michael Cavanagh, now head of the company&#39;s business of lending to mid-size companies.
115985
Following days of rumors, IBM late Tuesday made it official: the company said it was spinning off its personal computer business with the Lenovo Group, China&#39;s biggest maker of personal computers.
647229
By Brian Bergstein Associated Press  BOSTON - IBM Corp. laid off 1,570 people Wednesday, primarily from an ongoing overhaul of operations in its giant technology services unit.
470325
Morgan Stanley, the No. 2 U.S. investment bank, reported a $9.4 billion writedown on Wednesday from bad bets on mortgage-related debt, leading it to take a $5 billion infusion from an arm of the Chinese government
377797
JP Morgan Chase is cancelling a $5bn IT outsourcing deal with IBM and bringing the service back in-house. IBM will hand over the running of the investment bank&#39;s data centres, help desks, distributed computing, data and voice networks from January 2005.
574085
NEW YORK Sept. 15, 2004 - JPMorgan Chase &amp; Co. says it will rehire 4,000 workers whose jobs it had outsourced to IBM, bucking a corporate trend in information technology.
587610
OCTOBER 21, 2004  - IBM has signed a seven-year, $180 million IT outsourcing deal with Short Hills, NJ-based Dun &amp; Bradstreet Corp.
188134
NEW YORK -- JPMorgan Chase &amp; Co. plans to undo a technology outsourcing deal with International Business Machines Corp., taking back about 4,000 employees and contractors from the computer giant.
331863
ING US Financial Services said late on Tuesday it will withdraw about $5 billion from Janus Capital Group Inc. funds by year-end.
657083
By BRIAN BERGSTEIN  IBM Corp. laid off 1,570 people Wednesday, primarily as part of an ongoing operations overhaul in its giant technology services unit.  Seven of those affected work in Tulsa, said IBM spokesman Jeff Tieszen.
64721
Only 147,000 to go IBM has shed another 1,573 jobs as part of an ongoing push to thin its services organization.â¦
642904
InfoWorld - IBM sold off a chunk of its stake in Lenovo Group, leading the world&#39;s third-largest PC vendor to temporarily suspend trading of its shares in Hong Kong on Tuesday.
392879
NEW YORK -- JPMorgan Chase & Co. said Wednesday its fourth-quarter profit fell 34 percent after its exposure to subprime mortgages _ though much smaller than at banking peers like Citigroup Inc. _ devalued its portfolio by $1.3 billion.
521387
After days of speculation, computer services giant IBM Corp. announced Wednesday a US$1.75-billion deal to sell its PC business to Asia&#39;s largest computer maker.
526899
JP Morgan Chase (JPM:NYSE - news - research) and IBM (IBM:NYSE - news - research) are getting a divorce, ending a $5 billion computer outsourcing deal just two years after it began.
465792
Yellow Roadway Corp. said Friday that it received a five-year, $500 million credit line from JP Morgan Chase &amp; Co. The less-than-truckload shipping company, which consolidates freight from multiple customers