Lincoln Financial Advisors Corp. has named Bob Stuber managing principal where he’ll be responsible for growing and servicing the firm’s client base in the Houston area.
"We are very excited that Bob has joined our firm to lead the Houston regional planning office,” Brett Collins, managing director of Lincoln Financial Advisors' Southern Regional Planning Group, said in a statement. “Bob's leadership skills and experience in sales, marketing, product development, and recruiting will bring great value to our advisors and organization.”
Prior to joining Lincoln Financial Advisors, Stuber served as director of RIA Sales for M.S. Howells & Co. in Scottsdale, Ariz.; senior vice president, national sales recruiting for Countrywide Investment Services in Chandler, Ariz.; senior regional sales manager for Wells Fargo Private Client Services for the Metro Phoenix region; and sales manager and member of the management committee for Wayne Hummer Investments in Chicago.
Stuber graduated from Penn State University with a degree in political science and holds FINRA Series 6, 7, 8, 24, 63, and 66 registrations along with Arizona and Texas Life Insurance licenses.
With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $170 billion as of March 31.
Larry Barrett writes for Financial Planning.
New IBM Business Integration Software Helps Enterprises Accelerate Adoption of Social Business, Cloud and Mobile Technologies - Yahoo Finance
LAS VEGAS, May 1, 2012 /PRNewswire/ -- IBM (NYSE: IBM) today unveiled a range of new business integration software capabilities designed to help organizations quickly begin incorporating the collaborative and intelligent capabilities of social media, mobile computing and cloud computing into their enterprise applications. (#IBMimpact)
(Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO )
The cornerstone of enabling enterprises to embrace these critical technologies is the new version of IBM WebSphere Application Server. The fastest application server on the market, WebSphere Application Server now provides clients with new flexibility for embedded deployments and is ready for cloud with built in virtualization. This new offering provides the software platform that today powers more than 100,000 clients worldwide.
Complementing WebSphere Application Server is a range of new integration software offerings including:
- IBM Business Process Manager – Combines new capabilities around social, collaboration, governance and mobile to dramatically improve the way work is done. This allows organizations to gain visibility in the ways they change, manage, measure and improve the processes that run their business.
- IBM Operational Decision Management – Speeds and simplifies the way that organizations manage the business rules that control a wide range of decisions across business processes and applications. The new "social media" style user interface provides an intuitive environment for collaboration and simplifies searching, viewing and making rule changes.
- IBM WebSphere Cast Iron Live Web Application Programming Interface (API) Services – Allows companies to extend their services to support the emerging community of developers who are building new social, mobile and cloud applications. This new purpose-built offering provides a comprehensive solution to deliver, socialize and manage business API assets.
The Ottawa Hospital Turns to IBM to Improve Patient Care
One client – The Ottawa Hospital has already begun testing how these new software and services from IBM can dramatically change their business model. Working with IBM, they are building a new system that improves the quality of patient care and helps them to better manage the flow of patients throughout the hospital.
Recently, the hospital had seen a tremendous increase in patients, resulting in higher occupancy rates and ultimately, overcrowding. Additionally, the patients being admitted had complicated and acute symptoms, placing a greater strain on the need for coordinated healthcare delivery. The IBM system provides extensive patient information and hospital resource availability to the clinical staff, via mobile device, at the point of care – speeding both admission and treatment.
"Physicians should be focused on patient care, not be tied up doing lower value activity, like calling for consults or trying to negotiate admission for a patient," said Dale Potter, Senior Vice President & CIO at The Ottawa Hospital. "The concept behind our new system from IBM is that we are able to help our staff have one consolidated view on important data and processes, getting the right information to physicians at the right time."
For example, the attending physician can send an electronic request to the patient's physician for clarification on past diagnosis. The patient's doctor receives the consultation request immediately on their most accessible device – a tablet, smart phone or a computer. They respond directly to the specific consult questions electronically, so the attending physician can correctly diagnose the patient.
The new system builds upon IBM's expertise in the area of Business Process Management (BPM), Operational Decision Management and analytics, and is critical to helping the hospital rethink the manner in which it utilizes its IT infrastructure in order to cut across functional silos and better coordinate care.
A Decade of Leadership
IBM has been the overall marketshare leader in middleware software for eleven consecutive years. In fact, IBM now commands 32.1 percent market share and has extended its lead to nearly double that of its closest competitor. (1)
Key to WebSphere's success within the middleware segment is IBM's continued investment in product performance, a commitment that has once again resulted in industry leading benchmarks. In the first test of its recently announced WebSphere Application Server v8.5, IBM was named world leader in middleware performance as measured by SPECjEnterprise 2010 in EjOPS/processor core which measures efficiency of middleware software servers. Based upon the latest industry standard benchmark results, IBM's middleware software is 16 percent faster than any other vendor's middleware software on equivalent hardware. (2)
These new capabilities are on display at this year's IMPACT conference, which features more than 8,500 attendees and hundreds of client testimonials, presentations, workshops and product demos. For more information, visit: http://www.ibm.com/press/us/en/presskit/37590.wss
For more information on how IBM is helping clients and partners make smarter, faster decisions and increase their business, visit: http://www.ibm.com/smarterplanet
(1) Gartner, Inc., Market Share: All Software Markets, Worldwide, 2011, March 29, 2012
(2) SPEC and SPECjEnterprise 2010 are registered trademarks of the Standard Performance Evaluation Corporation.
Results from www.spec.org as of 04/29/2012 Oracle Sun Blade X6270 M2 - 452.285 SPECjEnterprise2010 EjOPS/core (equivalent hardware to world record result), Oracle Sun Fire X4170 M3 - 519.386 SPECjEnterprise2010 EjOPS/core (Oracle's best SPECjEnterprise2010 EjOPS/core result so far). IBM HS 22 Blade - 524.621 SPECjEnterprise2010 EjOPS/core (world record SPECjEnterprise2010 EJOPS/core result)
IBM, the IBM logo, ibm.com, WebSphere, SmartSOA, Smarter Planet and the planet icon are trademarks of International Business Machines Corporation, registered in many jurisdictions worldwide. Other product and service names might be trademarks of IBM or other companies. For a current list of IBM trademarks, please see www.ibm.com/legal/copytrade.shtml
All other company, product or service names may be trademarks or registered trademarks of others. Statements concerning IBM's future development plans and schedules are made for planning purposes only, and are subject to change or withdrawal without notice. Reseller prices may vary.
Stocks Remain Firmly Positive In Mid-Day Trading - U.S. Commentary - NASDAQ
(RTTNews.com) - Stocks have moved mostly higher during trading on Monday, regaining some ground after falling sharply in recent weeks. The markets have benefited from bargain hunting, although stocks remain well off their recent highs.
The major averages have moved roughly sideways in recent trading, hovering firmly in positive territory. The Dow is up 85.90 points or 0.7 percent to 12,455.28, the Nasdaq is up 37.78 points or 1.4 percent at 2,816.57 and the S&P 500 is up 12.52 points or 1 percent at 1,307.74.
The strength that has emerged on Wall Street comes as traders are picking up stocks at reduced levels following the recent downward trend, which pulled the major averages down to four-month closing lows on Friday.
Nonetheless, buying interest remains relatively subdued amid lingering concerns about the financial situation in Europe. A lack of major U.S. economic data is also keeping some traders on the sidelines.
While reports on home sales, durable goods orders, and consumer sentiment are likely to be in focus later this week along with earnings news from Hewlett-Packard (HPQ), Dell (DELL), and Best Buy (BBY) trading activity may remain light.
With earnings season drawing to a close, some traders are likely to take the opportunity to step away from the markets and go on an early summer vacation.
Among individual stocks, American Eagle Outfitters (AEO) is posting a strong gain after the apparel retailer announced plans to exit its children's business 77kids. The company also said its chief financial officer Joan Hilson is stepping down.
Shares of Yahoo (YHOO) are nearly unchanged after the online media giant announced that it is selling up to half of its stake in Alibaba back to the Chinese e-commerce company for about $7.1 billion.
Meanwhile, Lowe's (LOW) is posting a steep loss after the home improvement retailer reported better than expected first quarter results but lowered its full year earnings guidance.
Shares of Facebook (FB) have also come under pressure, with the social media giant tumbling by 11.6 percent following its glitch-plagued debut on Friday.
Sector News
Gold stocks are turning in some of the market's best performances in mid-day trading, with the NYSE Arca Gold Bugs Index up by 2.3 percent. With the gain, the index is climbing further off the two-year low set last Tuesday.
The strength among gold stocks comes despite a decrease by the price of the precious metal. Gold for June delivery is down $1.20 at $1,590.70 an ounce, although it is well off its lows.
Significant strength is also visible among oil service stocks, which are moving higher along with the price of crude oil. With crude for June delivery climbing $0.64 to $92.12 a barrel, the Philadelphia Oil Service Index is up by 2.5 percent.
Computer hardware stocks have also shown a strong move to the upside on the day, driving the NYSE Computer Hardware Index up by 2.4 percent. Steel, health insurance, networking, and chemical stocks are also posting notable gains.
Other Markets
In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading on Monday. Japan's Nikkei 225 Index crept up by 0.3 percent, while Hong Kong's Hang Seng Index ended the day down by 0.2 percent.
Meanwhile, the major European markets all moved to the upside on the day. While the German DAX Index advanced by 1 percent, the U.K.'s FTSE 100 Index and the French CAC 40 Index rose by 0.7 percent and 0.6 percent, respectively.
In the bond market, treasuries are seeing modest weakness after rising sharply in recent sessions. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 2.9 basis points at 1.731 percent.
For comments and feedback: contact editorial@rttnews.com
US stocks gain on unemployment report - Yahoo Finance
Stocks rose modestly on Wall Street Thursday, breaking a six-day losing streak for the Dow Jones industrial average, after the government said weekly jobless claims edged down.
The lower jobless number suggests that employers may accelerate hiring this month.
In late morning trading, the Dow rose 27 points to 12,862. The Standard & Poor's 500 index gained four points to 1,358. The Dow had been up 96 points earlier.
The tech-heavy Nasdaq composite index fell six points to 2,928. Cisco Systems, one of the 30 stocks in the Dow average, plunged 9 percent after the networking giant warned investors that technology spending appeared to be slowing down and that its revenue would rise much less than analysts had been expecting this quarter. Hardware maker Oracle fell 2 percent.
Before Thursday, the Dow had fallen for six days in a row, its longest losing streak since August. Investors were encouraged by the Labor Department's report that applications for unemployment benefits dropped 1,000 to 367,000 in the week ending May 5. The four-week average, which economists watch more closely, fell 5,250 to 379,000. When that figure remains consistently below 375,000, it suggests that job growth is strong enough to lower the unemployment rate.
The numbers could dispel nascent fears that that strongest yearly start for hiring since the recession ended 2009 was sputtering.
Stocks also benefited from news that Spain would take over Bankia SA, the country's fourth-largest bank, which has high exposure to bad property loans. The government is hoping to convince investors that Spain won't need a bailout.
"Europe's problems are by no means being solved. But the feeling that there is some support there probably helps sentiment a little bit," said Ed Hyland, a global investment specialist with J.P. Morgan Private Bank.
The news helped U.S. financial stocks, which would be vulnerable to an increase in financial stress in Europe. Citigroup rose 1.6 percent and JPMorgan Chase rose 1 percent.
European stocks rose. Spain's IBEXC 35 index jumped 3.1 percent on the Bankia news and a drop in Spain's borrowing costs. Britain's FTSE 100 rose 0.2 percent, Germany's DAX rose 0.6 percent.
Other U.S. stocks on the move included:
— Pfizer rose 1.6 percent after the drugmaker got preliminary approval for an arthritis drug.
— Avon fell 2.1 percent after beauty products maker Coty Inc. raised its offer to buy Avon but also said it will withdraw the latest bid if it doesn't get a response by the close of business Monday.
— Kohl's fell 3 percent after price-cutting led to a 23 percent drop in its first-quarter profit.
Oil prices rose 21 cents to $97.45 per barrel.
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