Thanks neo1980 from our forum for posting this :D
Citigroup Inc., the world's largest banking group, said on Wednesday it will use Microsoft Corp.'s Web services for its sites in a pact that includes promoting its credit cards through Microsoft's MSN Internet media network.
Microsoft's .NET technology, which ties different corporate networks together and allows sharing data and other services, will be used to make Citigroup customer transactions easier.
Citi Cards, the largest U.S. provider of credit cards, will be the first unit to use Microsoft services. Microsoft said Citi Cards will be promoted on its MSN network and featured prominently in the networks e-commerce services.
Financial terms of the deal were not disclosed.
News source: Reuters - Citigroup to Use Microsoft .NET Technology
Citigroup Inc., the world's largest banking group, said on Wednesday it will use Microsoft Corp.'s Web services for its sites in a pact that includes promoting its credit cards through Microsoft's MSN Internet media network.
Microsoft's .NET technology, which ties different corporate networks together and allows sharing data and other services, will be used to make Citigroup customer transactions easier.
Citi Cards, the largest U.S. provider of credit cards, will be the first unit to use Microsoft services. Microsoft said Citi Cards will be promoted on its MSN network and featured prominently in the networks e-commerce services.
Financial terms of the deal were not disclosed.
News source: Reuters - Citigroup to Use Microsoft .NET Technology
The Mobility Group has been unable to make significant headway against major rivals Palm, in the handheld market, and Nokia, in the cell phone market, according to analysts. Microsoft remains behind both companies in market share and is making targeted efforts to supplant them.
Analysts had been predicting that Microsoft would be able to make major gains in market share against both companies but that has failed to happen at this point. Sales of Pocket PC devices, which come from Compaq Computer and Hewlett-Packard, among others, have actually grown faster than sales of Palm devices, in terms of percentage, but Palm-based products still account for the lion's share of the market.
Personal leave, like the one Waldman is taking, can last up to a year. He is expected to return to Microsoft. A Microsoft representative said that this differs from a sabbatical, which usually lasts a few months, but generally executives who leave on sabbatical don't return to Microsoft.
Shields will report to Pieter Knook, who is vice president of mobile devices and network service providers at Microsoft. Vice President of Marketing Juha Christensen, who came to Microsoft from Symbian, remains with the Mobility Group and continues to report directly to Ballmer.
Former Mobility Director Phil Holden is now a director with the MSN group, and former Mobility General Manager Rogers Weed is now a vice president in the PC Experience group.
Commenting has either been disabled on this article or you are not logged in. Click here to login or register, its free!
Note: Anonymous commenting is disabled in order to keep the quality of responses to a high standard.