WAYNE, Pa. - (10/07/04) -- SunGard Data Systems Inc. said itplans to spin off its popular disaster recovery unit, whichprovides back-up data sources for credit unions and otherbusinesses, to shareholders. Plans call for the unit, to be calledSunGard Availability Services, to be spun off tax-free toshareholders in what is expected to be a one-for-one exchange. Theunit, the market leader in disaster recovery of data, employs about2,000 people.
The Federal Communications Commission proposed a $4.5 million fine against Voxbeam Telecommunications, which it accused of facilitating fraud scams. Many of the calls spoofed phone numbers belonging to American banks.
New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
The Cincinnati bank's Newline business is now its fastest growing commercial payments segment.
After French authorities stopped a bomb plot against a Bank of America office in Paris, security experts warned banks to step up their preparations for terror attacks.
The largest crypto theft of 2026 hit Drift Protocol after attackers exploited a small security council, putting a spotlight on DeFi vulnerabilities.
The cryptocurrency exchange is the latest digital asset firm to receive a trust bank charter from the Office of the Comptroller of the Currency.
