Microsoft releases new health website HealthVault

Microsoft has released a new site for storing health records, called Health Vault. It is generally acknowledged that in this day and age of mobility, it is necessary to have some way to digitally store medical histories, in a way that they are securely and permanently accessible. To be useful, however, health care providers have to buy into the system. That is where the challenge is going to lie for Microsoft and a host of other start-ups in this field.


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2007: Record breaking M&A year

2007: Record breaking M&A year

One more quarter to go, and already 2007 has become a record breaking year for M&A deals - a total of $3.9 trillion, catching up with last year’s (2006) record total. WSJ has a very nice interactive graphic of the M&A activity.


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ING gets the first of the spoils from the fall of NetBank

ING gets the first of the spoils from the fall of NetBank

ING is the first in line to acquire deposits of the failing NetBank - the first online-only bank in the US. ING will acquire $1.4 billion worth of deposits, as well as 104,000 customers for $14 million. Not a big surprise - they will not take on any of the bad subprime mortgage loans that got NetBank into trouble in the first place.


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Netbank implosion - a failure of internet banking?

Netbank implosion - a failure of internet banking?

In an industry that has resisted virtualizing, NetBank brings the latest piece of bad news. The trail blazing internet-only savings and loan bank is being taken over by federal regulators, in what is being called the biggest bank failure in 14 years.

Started in the peak of the last boom, the bank saw its ups and downs as it debuted on Nasdaq and hit a high of $57 in 1999, only to get delisted in August of this year. The failure seems to have more to do with Netbank writing bad loans, rather than, necessarily, with consumers lack of trust of online banks.


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