Technology shares are down in mid-day trading as AOL Inc. (AOL) gears up to pare back its global workforce by 20% in a bid to catch up with faster moving rivals, Reuters reported, citing a source close to the company. More than 900 of the company's 5,000 workers will lose their jobs. Meanwhile, Ingram Micro (IM) said it has been selected by privately held Acronis to sell, market and support its product suite of data backup and recovery solutions to resellers and managed service providers throughout the Americas.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...