ING Learns to Build Its Identity 26.2 Miles at a Time
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By sponsoring marathons, ING is hoping to make a name for itself in a cluttered financial services market where one company seems indistinguishable from the next.
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Dutch banking and insurance group ING has reported a 6.7-percent rise in 2006 net profit to 7.69 billion euros (10.1 billion dollars).
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Technology behind super-fast wireless networks is close to getting official approval.
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IPE.com 22/Nov/04: GLOBAL - ING Group is to sell Baring Asset Managementâs investment management activities to MassMutual, while Northern Trust will buy the unitâs fund administration arm.
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Big Blue adds features, beefs up training efforts in China; rival Unisys debuts new line and pricing plan.
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Even at an Internet company, information travels fastest on the ground.
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The hardware networking company is trying to break out of the doldrums.
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Chipmaker is moving forward in networking and storage after nearly two years of reorganizing its chip business.
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(InfoWorld) - Banking and insurance conglomerate ING Group has finalized contracts worth â¬750 millionÂ ($994 million) with a consortium of companies to provide workspace services for its 53,000 employees in Europe. The contracts with Royal KPN, Getronics, Atos Origin, and AccentureÂ are each for seven years and cover the installation, maintenance, and support of desktop PCs, laptops, printers and telephones, the companies said Thursday. It's the biggest of three outsourcing deals that ING has finalized recently, worth a combined total of â¬1.3 billion. They are part of a cost-cutting plan announced last November that is designed to save the company â¬460 million per year, including â¬230 million from operations and IT. ABN AMRO Bank made a similar moveÂ last year, announcing a plan to outsource its IT operations worldwide in a series of deals worth â¬1.8 billion over five years. The bulk of that contract went to IBM. KPN took the biggest slice of the latest ING contract. It was awarded â¬269 million to provide fixed and mobile communications, call center, LAN (local area networking) and conferencing services for staff in the Netherlands and Belgium. Atos Origin was awarded â¬216 million to design and manage ING's back-end office automation, including e-mail and the active directory, and provide related support for end users. Getronics was awarded â¬213 million for help desk and on-site support for end users, as well as hardware purchasing and asset management. Accenture was awarded â¬52 million to be the "integrator," coordinating services and managing the supplier contracts. When ING announced an initial agreement with the four companies in July it said the contracts would run for five years and be worth about â¬800 million. It estimated that 550 full-time employees would be transferred to the contractors. That number will now be 430, it said Thursday. Of the earlier outsourcing contracts, on Nov. 6 ING finalized a six-year, â¬200 million deal with LogicaCMG for application management, IT maintenance and testing. And on Dec. 6 it signed a seven-year, â¬350 million contract with the U.K.'s Astron to process its banking and insurance documents.
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At a renovated textile warehouse near Boston's Fort Point Channel, where 50 employees of Ember Corp. are moving this month from cramped quarters next door, young engineers are busy lining the walls with 600 wireless sensor nodes -- each containing a low-powered radio frequency microchip mounted on a printed circuit board.
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This contract manufacturer is flexing its muscles.
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The No. 2 electronics retailer is making strides and beats estimates.
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Banking and insurance conglomerate ING GroupÂ has finalized contracts worth â¬750 million ($994 million) with a consortium of companies to provide workspace services for its 53,000 employees in Europe.
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By Richard Mize, The Daily Oklahoman  Jun. 9--MOORE -- AT&T shifted into high speed with its "Smart Moves" strategic alliances with home builders this week when it signed Home Creations, one of the state's largest building companies.
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Dutch financial services group ING   took a lower than expected impairment charge of 194  million euros ($286 million) on its riskier investments in its  fourth-quarter results on Wednesday, while a stake sale helped  offset the loss.
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Financial group ING has agreed to sell Baring Asset Management to US groups MassMutual and Northern Trust and says it will make a net gain of 250 million euros (176 million pounds) on the deal.
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Mobile e-mail device for business travelers extending its reach.