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Stock Market & Financial Investment News

News Breaks
January 10, 2014
11:50 EDTGIB, ACNWhite House ends deal with CGI Group over Healthcare.gov, WaPo says
The White House has ended its contract with CGI Group (GIB), the company behind the design of the troubled Healthcare.gov site, reports The Washington Post, citing a person familiar with the matter. The report says the Obama administration will sign a deal with Accenture (ACN) early next week to replace CGI. Reference Link
News For GIB;ACN From The Last 14 Days
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October 15, 2014
07:35 EDTGIBCGI Group awarded C$69M by city of Oslo
CGI has been awarded a C$69M contract by the Agency for Education, or UDE, in the City of Oslo to modernize a large information and communications technology, or ICT, system used by the city's public schools. The new system will support more than 90,000 students and teachers in all of Oslo's 172 public schools and learning centers, as well as external stakeholders such as the parents of students. The new contract will run for six years with the opportunity to extend the contract for two more years. CGI will modernize a large system in current use to achieve the city's main objective of having a cloud-based system that addresses all school operational, teaching, communication and collaboration needs.

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