Word: backup
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...been running tests at this site for six years," says exchange vice president Pat Gambaro. The exchange is paying Comdisco $5,000 a day, anticipating a two- to four-month stay before it can find a new permanent home. The alternative? "If we didn't have a backup site, another exchange would have taken over our trading," says Gambaro. "We'd be out of business." The exchange's temporary digs--surrounded by auto-body shops, garment factories and an elevated train--are a far cry from Wall Street. But trader Chris O'Neill, 33, is glad to be working...
American Express Bank, which lost none of its 350 employees despite the destruction of its offices at 7 World Trade Center, relocated to three underground bunkers across the Hudson River in Weehawken, N.J. Plastic was peeled off standby PCs. Backup computer tapes were sent in by messenger. Plans were in place to reroute communications from international banking networks, but by the time the system was up, operators were hours behind. "You cater to the worst scenario, but this was worse than we had planned for," says Norman Gilchrist, head of global operations. Yet within 12 hours of the attacks...
Another developing situation for the Crimson this week is the backup quarterback spot. While an injury to Rose is almost unfathomable to Crimson players and fans, backups did see some action in garbage time last year...
Junior J.C. Harrington left the team before preseason and junior Barry Wahlberg chose to play baseball. Sophomore Conor Black, who spelled Rose at the end of last season and completed all four of his passes, was slated to be Rose’s backup this season...
With Florida State leading 9-7 at the half, the Tarheels came out and dominated in the third quarter. Backup quarterback Darian Durant tossed two touchdown passes and North Carolina held the usually potent Seminole offense to 224 yards while shutting it out in the second half, as the Tarheels coasted to the victory...