Business Week - Tech
Olympus to Hold Special Shareholders Meeting April 20
Olympus Corp., the Japanese camera maker suing 19 current and former executives over accounting fraud, will hold an emergency shareholders meeting on April 20, it said yesterday in a statement to the Tokyo Stock Exchange.
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Sony, Panasonic Forecast Worsening Losses as Samsung Dominates
Japan’s biggest makers of TVs, phones and chips say they’ll lose about $17 billion this year, about three-quarters of what Samsung Electronics Co. will spend on research to lengthen the lead over its competitors.
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Telenor Seeks Norway’s Help After Cancellation of India Permits
Telenor ASA has enlisted the help of the Norwegian government to protect its investment in India following the cancellation of 122 mobile-phone licenses by the nation’s top court.
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Blackstone Said to Eye Brocade Buyout as Deal Interest Fades
Blackstone Group LP, the world’s largest private-equity firm, is studying a leveraged buyout of Brocade Communications Systems Inc., said a person with knowledge of the situation.
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Micron Technology CEO Steve Appleton Dies in Airplane Crash
Steve Appleton, who took charge of Micron Technology Inc. at 34 and went on to become the memory- chip industry’s longest-serving chief executive officer, died after crashing an experimental plane in Boise, Idaho. He was 51.
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Blackstone Said to Eye Brocade Buyout as Deal Interest Fades
Blackstone Group LP, the world’s largest private-equity firm, is studying a leveraged buyout of Brocade Communications Systems Inc., said a person with knowledge of the situation.
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Lightspeed Said to Be Raising $875 Million for U.S., China Funds
Lightspeed Venture Partners, an investor in LivingSocial.com, has almost completed raising two funds, one in the U.S. and one in China, totaling about $875 million, according to two people with knowledge of the matter.
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Hacker Group Anonymous Intercepted U.S. Call Over Investigation
The U.S. government said the online hacker group Anonymous intercepted a telephone call between FBI agents and U.K. authorities involving a joint investigation of the group.
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White Male Facebook Board Prompts Questions
While most of Facebook’s more than 800 million users are women, and females are more active social networkers, the company’s board lacks women and minority members
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Telenor Seeks Norway’s Help After Cancellation of India Permits
Telenor ASA has enlisted the help of the Norwegian government to protect its investment in India following the cancellation of 122 mobile-phone licenses by the nation’s top court.
Categories: Technology Tools
Panasonic Forecasts Record $10 Billion Loss on Floods, Charges
Panasonic Corp. almost doubled its annual loss forecast to a record 780 billion yen ($10 billion), the latest Japanese electronics company to predict weaker earnings because of Thailand floods and slowing demand for TVs.
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Orange Austria Deal May Need Changes for Antitrust Approval
Hutchison Whampoa Ltd. and Telekom Austria AG’s purchase of Orange’s Austrian mobile-phone assets may have to be amended to win European and Austrian approval, the country’s Federal Competition Authority said.
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JPMorgan, BofA Sued by New York Over Use of Mortgage Database
JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. were sued by New York Attorney General Eric Schneiderman over the use of a mortgage database that the state said led to improper foreclosures.
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Micron CEO Steve Appleton Dies in Airplane Crash
A discussion with former Micron Technology board member Gordon Smith on the death of CEO Steve Appleton
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Billionaire Gives Tips for Switching IPhone Plans From AT&T
Billionaire Carlos Slim’s U.S. mobile carrier is giving users instructions for switching their AT&T Inc. iPhones to his prepaid calling plans, showing them how to disable software aimed at preventing customers from defecting.
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Hitachi Climbs After Maintaining Profit Forecast: Tokyo Mover
Hitachi Ltd., Japan’s second-largest manufacturer, jumped the most in more than 10 months in Tokyo trading after keeping its annual profit forecast unchanged.
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Blackstone Said to Eye Brocade Buyout as Deal Interest Fades
Blackstone Group LP, the world’s largest private-equity firm, is studying a leveraged buyout of Brocade Communications Systems Inc., said a person with knowledge of the situation.
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Lightspeed Said to Be Raising $875 Million for U.S., China Funds
Lightspeed Venture Partners, an investor in LivingSocial.com, has almost completed raising two funds, one in the U.S. and one in China, totaling about $875 million, according to two people with knowledge of the matter.
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Google Sponsors Conservative Conference
Google Inc., whose chairman has served as an adviser to President Barack Obama, is one of the sponsors of this month’s Conservative Political Action Conference, co-hosted by the Tea Party.
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White Male Facebook Board Prompts Questions
While most of Facebook’s more than 800 million users are women, and females are more active social networkers, the company’s board lacks women and minority members
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