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Stories Tagged with "finance" from 2009

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2014 - 2 stories
2013 - 1 story
2009 - 3 stories
2008 - 2 stories
2009
Approaching the anniversary of Lehman Brothers' demise, NJIT Finance Professor Michael Ehrlich, an expert on market failure, says that the Feds made the right move when they allowed the investment firm to go bankrupt.  >>
Project ORBIT (Organizational Reengineering using Banner Information Technology), a multi-year, campus-wide effort to implement a new Enterprise Resource Planning (ERP) system to replace current systems that are nearing obsolescence, reached its first major milestone last month with the launch of Banner Finance. “In keeping with the university's strategic plan, a major emphasis—while implementing new systems—was to reengineer administrative and academic processes to improve customer and student satisfaction,” said Ed Bishof, associate vice president for University Budgeting. "To support this plan, Project ORBIT was initiated last summer. Well-deserved congratulations to the entire finance functional and technical teams for the dedication and perseverance they displayed in meeting their project deadlines,” he added. “Our upgrade to Banner replaces a technology platform that has been used at NJIT since 1985," said David Ullman, associate provost for Information Services and Technology. “In making this transition, NJIT joins well over 1,100 institutions across the US and around the world that manage higher education operations and processes with Banner.”  “We look forward to using Banner to improve the productivity of our recruiting, admissions and enrollment operations,” said Kathy Kelly, associate vice president for Enrollment Services. Project ORBIT will be fully implemented over the next 18 months. >>
NJIT finance professor Michael Ehrlich predicts that the strong profits reported by banks in the first quarter will soon be followed by more losses. Ehrlich, a market failure expert, notes that the unexpectedly strong profits reported in the first quarter by many large banks were the result of significant accounting manipulation.  >>