By Melanie Burton MELBOURNE (Reuters) – Apple Inc managed to frustrate gadget lovers and investors desperate to find out the components of its new smartwatch on Friday, encasing its chips in tough resin and using rare screws to thwart people trying prise it apart. Gadget repair firm iFixit, which has carried out “teardowns” on Apple products from iPhones to MacBooks, said the U.S. company also appeared to be promoting its
By Ritsuko Ando and Reiji Murai TOKYO (Reuters) – A group of former top Sony Corp executives has delivered an unusually blunt critique to the firm’s chief executive Kazuo Hirai, accusing him of losing sight of innovation by focusing on cost-cutting. At a meeting at Sony’s Tokyo headquarters last Thursday, five former executives, including PlayStation creator Ken Kutaragi, took Hirai to task for failing to encourage the kind of creativity
Paytm, an Indian online payments platform backed by China’s Alibaba, is pushing deeper into India’s booming e-commerce industry with a zero-commission mobile app marketplace targeted at small and medium-sized firms, the mainstay of the country’s economy. “This is our move into mobile commerce,” said Paytm Chief Executive Vijay Shekhar Sharma, adding the mobile app was designed to connect small businesses and consumers.
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The Briton blamed for contributing to the May 2010 flash crash maintained frenetic relationships with a series of brokers, banks and software firms that appear to mirror his rapid-fire trading activity.
Microsoft engaged in about $15 billion in currency hedging in the latest quarter, analyst Rick Sherlund says.
Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more.
General Motors Co (GM.N) Chief Executive Officer Mary Barra, who last year became the first woman to lead a major U.S. automaker, received $16.2 million in 2014 compensation, up 78 percent from her predecessor’s total the previous year. Most of Barra’s compensation is tied to stock awards that she cannot cash in yet. She received $4.55 million in salary and other liquid compensation for 2014, GM said in a proxy
The key thing to watch today is how the markets deal with a lack of resolution, across several fronts.
The Department of Justice said the plan to merge the two biggest U.S. cable companies would have made Comcast an “unavoidable gatekeeper” for broadband services. Federal Communications Commission Chairman Tom Wheeler said on Friday that the merger would have posed an “unacceptable risk to competition and innovation”. “Today, we move on,” Comcast Chief Executive Brian Roberts said in a statement.
