Google selling Motorola to Lenovo
One thing about Google, it’s not one to invest in businesses that aren’t working. Less than two years after buying Motorola, Google is selling the unit to Lenovo. Rolfe Winkler and Spencer E. Ante had this story in the Wall Street Journal: Google Inc.’s experiment making Motorola phones has ended after just 22 months, with the […]
Obama focuses on the economy
In his State of the Union address Tuesday, President Barack Obama took the time to call for increasing the minimum wage, reducing the income gap and stimulating economic recovery. While the speech covered many topics, including health care and the war in Afghanistan, it’s telling that more than five years after the financial crisis, the […]
Government strikes deal with tech firms
Ever since it came out that government agencies were relying on data from Internet companies to track people, the debate over privacy has been raging. Monday, the government announced new rules. Matt Apuzzo and Nicole Perlroth had these details in the New York Times: The Obama administration says it will allow Internet companies to give […]
Taking a look at Bernanke’s legacy
With the nearing departure of Federal Reserve Board Chairman Ben Bernanke, many journalists are taking a look at his tenure, which saw its fair share of market turmoil and unprecedented actions. Writing for the Los Angeles Times, Don Lee called his legacy “bittersweet”: As Ben S. Bernanke walks away from the Federal Reserve‘s marble headquarters on the Mall after […]
The debate over Davos in the biz media
The World Economic Forum is back in Davos and with it comes the debate (some might call it argument) that the conference is a playground for the rich elite instead of an exchange of ideas. Christine Hauser wrote for the New York Times blog on Jan. 21 that the conference is coming under fire for […]
Netflix gains subscribers; stock soars
Investors piled into Netflix shares Wednesday after the streaming video service added more than 2 million customers in the last quarter of 2013. Netflix’s gains presents a conundrum for mainstream cable providers and network television, as well as Internet service providers. Reuters had this story by Lisa Richwine and Ronald Grover about the company’s earnings: […]
Pimco CEO El-Erian resigns
Pacific Investment Management Co. will have a new head as Mohamed El-Erian unexpectedly resigned from the top job. While a succession plan was detailed, no reason was given for his departure. Tom Lauricella, Julie Steinberg and Min Zeng wrote this piece for the Wall Street Journal: Mohamed El-Erian abruptly stepped down as chief executive of […]
Deutsche Bank posts loss
Deutsche Bank shocked the market with its surprise week-early earnings announcement, which was more than a $1 billion loss. The Wall Street Journal had this story by Ulrike Dauer, David Enrich and Eyk Henning: Deutsche Bank AG’s surprise €1 billion ($1.35 billion) fourth-quarter loss suggests that a new phase of banking cleanups is getting under way […]
Shell warns on earnings
Taking over one of the top oil jobs would never be easy, but for Shell CEO Ben van Beurden announcing a drop in earning for his company was likely difficult. It’s never a good sign for the global economy when energy companies are seeing earnings decline. The Wall Street Journal’s Justin Scheck had this story […]
Yahoo dismisses No. 2 executive
It looks like turning around an Internet behemoth isn’t as easy as it sounds. Yahoo Chief Executive Officer Marissa Meyer ousted her No. 2 executive Henrique de Castro, indicating the company isn’t turning around as fast as expected. Douglas MacMillan and Joann S. Lublin had this story in the Wall Street Journal: Henrique de Castro, […]
