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If two or three big countries suddenly demanded money back, it could run out of cash.That is why it has tapped its "General Arrangements to Borrow", a reserve tank of 17 billion SDRs that it can borrow from a group of 11 rich countries.
LAS VEGAS - As part of Ericsson's expansion into cloud-based video encoding with its "Virtualized Encoder Solution," it has tapped Portland, Oregon-based Elemental Technologies, the companies announced at the NAB Show.
The University of Pittsburgh Pittt) announced this week that it has tapped Patrick Gallagher as its next chancellor.
Microsoft announced this morning that it has tapped Kevin Scott as its new Chief Technology Officer.
The company also announced that it has tapped Allen & Company as its financial advisor to support the company's goals, which it says will include strategic acquisitions, platform expansion and other paths to accelerated international growth.
(ConAgra confirms it has tapped CrowdSpring to spruce up some of its brands but won't provide details).
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H&R Block said yesterday that it had tapped its bank credit lines twice for about $1 billion in the last week after its normal sources of cash began drying up.
The Ford Motor Company's Volvo division said today that it had tapped the head of its Japanese business to run its North American operations.
Just before Disney released its earnings report, the company announced that it had tapped "Game of Thrones" creators David Benioff and D.B. Weiss to write and produce a new series of "Star Wars" films.
After a three-month national search, New Jersey Transit announced that it had tapped Mr. Sarles to serve as its executive director.
On Tuesday, Lehman denied rumors that it had tapped the Federal Reserve's discount window because of cash problems.
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