Create your own free news widgets.

The head of the International Monetary Fund urged leaders attending the G20 summit to act more decisively to clean up toxic assets poisoning the global banking system

Rackable Systems said Wednesday it plans to buy the assets of bankrupt SGI (Silicon Graphics) for roughly $25 million in cash, and will also assume certain liabilities.SGI filed for Chapter 11 bankruptcy Wednesday in New York. The asset sale, which is subject to approval by the bankruptcy court, is expected to close within 60 days. SGI, which had posted a net loss of $49.2 million in the second quarter, will continue operating while the deal closes.[ Keep up with Windows Server and related developments in InfoWorld's Enterprise Windows blog. ]The acquisition will expand Rackable's product portfolio in the HPC (high-performance computing) market, Mark Barrenechea, Rackable's president and CEO, said during a conference call.Rackable will gain hardware and software technologies related to HPC, allowing it to build systems that can process complex algorithms for scientific computing and other environments. It will also get access to SGI's customers in the government, scient

The bankrupt Hawaii Medical Center, the state's only for-profit hospital system, plans to convert its HMC East hospital in Liliha to a nonprofit later this year in a bid to cash in on tax savings as it struggles to keep its operations afloat.

Verizon Wireless will join the Joint Innovation Lab (JIL) created by China Mobile, Softbank, and Vodafone to help standardize mobile application development and get new software out to mobile users more quickly.JIL, formed last April, is working on creating a single mobile platform for developers that would allow applications to be run on multiple operating systems. It plans to launch a common mobile widget specification and other developer tools later this year. The widgets will be small applications that provide information such as weather and news. After widgets, JIL will move on to games, Verizon said.[ Get the latest on mobile developments with InfoWorld's Mobile Report newsletter. ]Verizon Communications Chairman and CEO Ivan Seidenberg announced the move in a keynote address Wednesday morning at the CTIA Wireless trade show in Las Vegas, and at a news conference where he and other executives addressed several issues the carrier is working on.Verizon is backing the initiative

A Rochester, N.Y.-based law firm has filed a class action suit on behalf of 500 employees of UPMC and West Penn Allegheny Health System.

The California Public Employees' Retirement System is requesting that shareholders of Eli Lilly & Co. support the pension fund's effort to give shareholders the ability to amend company bylaws.

Back in January we reported that WunderRadio had moved to Windows Mobile. The application, which allows users to access Internet radio content from mobile devices, is also available for the Android mobile operating system and the iPhone. A new version of WunderRadio for the iPhone has now been released.One of the new features within Version [...]

The "Conficker worm" has yet to wreak havoc on technology systems, but researchers warned it could still strike in the future.

UnanimousCoward was one of many people to submit a story that might be an April Fools day joke, except that I don't think it is. Rackable Systems has announced that it is buying SGI for the bargain basement price of $25M. Time was that there was little cooler than an SGI workstation. And note to Rackable's PR: Either this was a genius joke, or a terrible day to announce huge news. Someone either deserves a promotion or a firing. of this story at Slashdot.

Other updates include Friends List XMB upgrades and improvements to the PlayStation Store's video delivery and storage settings.