GE To Sell $3 Billion Industrial Solutions Business (2)

About BusinessSAN FRANCISCO Microsoft Corp pledged late Wednesday to battle in courtroom in opposition to any try by U.S. intelligence agencies to seize its international customers’ data under American surveillance legal guidelines, one among a series of steps geared toward reassuring nervous customers overseas.

Long recognized for its Windows software, Microsoft has shifted focus to the cloud the place it is dueling with bigger rival Inc to control the still fledgling market. Its jump in income underscores how companies world wide are turning to new functions within the cloud and leaving as soon as critical software program programs and other hardware in the mud.

But the potential for abuse nonetheless exists, he stated. A financial institution can promote multiple, unnecessary accounts and bank cards to sole proprietors whose needs rarely exceed making deposits and writing checks. The threat of abuse is greater when bankers are required to sell a certain number of merchandise to fulfill performance objectives.

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Those usually included accounts for checking, bank card processing and payroll, and have been typically linked to extra savings accounts, said the previous Wells banker. Bankers also tacked on enterprise bank cards and were pressured to name a Wells insurance coverage unit, with the client current, to push enterprise liability policies. Langan, the Wells spokeswoman, said the financial institution discontinued those packages in April 2015.