Did JPMorgan exec lie under oath? Also: An ice cream truck war goes bad.
See more here: Pre-Marketing: JPMorgan perjury?
Category : Business
Maps exec fired: ‘He’s having trouble finding the way out’
Follow this link: Kipper Williams on Apple
Category : Stocks
Akamai (AKAM) is looking to acquire security and networking firms, says a company exec. The content delivery network owner wants to generate $100M/year in revenue from new businesses within 3 years, he says (for reference, Akamai is expected to post 2012 sales of $1.36B), and is willing to buy a startup if it helps improves the company’s time-to-market. Zscaler, a provider of cloud-based security services for Web traffic, is named as the kind of company Akamai could be interested in. 
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See the original post here: Akamai (AKAM) is looking to acquire security and networking firms, says a company exec. The content delivery network owner wants to generate $100M/year in revenue from new businesses within 3 years, he says (for reference, Akamai is expected to post…
Category : World News
The chances are high that Barclays (BCS) will appoint an external candidate unsullied by the Libor affair as its new CEO, the WSJ reports. Names being bandied about include former JPMorgan exec William Winters and Australia & New Zealand Bank CEO Michael Smith. Internally, Antony Jenkins and Naguib Kheraj are in the running. Meanwhile, separating the investment bank can’ be dismissed. Post your comment!
Category : Stocks
Steven Guggenheimer, the Microsoft (MSFT) exec in charge of handling relationships with hardware clients, has been reassigned to an unspecified management position. Microsoft claims the move is the result of long-term planning, but it might not be a coincidence it comes shortly after the introduction of Microsoft Surface, which has upset many Windows OEMs. Guggenheimer will be replaced by marketing exec Nick Parker. 1 comment!
Category : Stocks, World News
Amazon (AMZN) plans to introduce a digital bookstore in Brazil and sell its Kindle e-reader in the country in the autumn, Reuters reported on Friday. A digital launch would be a prelude to a full retail operation, although that would face massive problems due to Brazil’s poor infrastructure and high taxes. “Come to hell with us, Amazon,” says one Brazilian bookstore exec. (previous) Post your comment!
Category : Stocks
THQ (THQI -5%), whose reverse split plans were met with a yawn today, says it has hired Jason Rubin, co-founder of game developer Naughty Dog, to be its President. The company adds it has hired media/gaming exec Jason Kay to be its Chief Strategy Officer, and that Davis Davis, head of THQ’s Core Studios division, is leaving. (PR) (previous) Post your comment!
Category : Stocks
JPMorgan (JPM) injects 2.5B yuan ($394M) into its China unit in expectation of rapid growth over the coming years. Says a JPM exec: the “additional capital will better position the bank in [China's] evolving regulatory environment” and will be used, among other things, to expand the bank’s branch network. Post your comment!
Category : Stocks, World News
Advanced Auto Parts (AAP -14.4%) sinks off of what on its face only looks like minor misses for profit and revenues in Q1. The smoking gun could be supply costs that are running hot or a warning from the company that sales trends in Q2 remain challenging. Exec are live on an earnings call (webcast) explaining it all.
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Category : Stocks, World News
Though Apple and Google’s TV efforts receive more headlines (I, II), Microsoft (MSFT) is quietly “winning the war for the living room,” says Matt Rosoff, following Redmond’s latest Xbox content deals. Microsoft now has over 40M Xbox Live users, and a company exec claims over half of the 84 hours/month the average Live user spends on the service involves watching video and listening to music. 1 comment!