At a recent press release, Equinix Inc. (EQIX) unveiled its plan to set up a 4,500 square meter or 48,400 square foot data center in Geneva , Switzerland . The company is in the process of expanding its global data center network to meet the global demand for data center services. This second data center in Geneva falls within the company’s $1.4 billion expansion plan to be executed within 2007 – 2010 in which the company expects to expand its operation in 15 out of 18 markets.  This new GV2 data center will be completed in phases. The first phase is scheduled to open in December 2009, increasing the company’s cabinet capacity by 380. The data center will have a total capacity of 780 cabinets after completion. This GV2 data center will run on the services of the company’s existing data center (GV1) which supports functions of ...

We highlight Goldman Sachs Group, Inc. (GS), JPMorgan Chase & Co. (JPM), BB&T Corp. (BBT) and U.S. Bancorp (USB).The Obama Administration is working on an initiative to overhaul compensation practices in the financial industry, including companies that have not received any government bailout and non-banking companies, like hedge funds and private equity firms, according to reports published in the Wall Street Journal and New York Times today. The Treasury is expected to issue new rules sometime in the next few weeks.The administration is reported to be exploring both regulatory (using Federal Reserve's or Securities and Exchange Commission's powers) and legislative actions and is also considering issuing "best practices" to guide companies in structuring pay.New compensation rules are likely to be issued as a part of broader financial-markets regulation reforms that the Treasury is currently working on. Earlier this year, the ...