Posts Tagged ‘read-the-rest’

Obama Unaware as U.S. Spied on World Leaders: Officials

October 28, 2013  |  All Things Digital  |  No Comments

The National Security Agency ended a program used to spy on German Chancellor Angela Merkel and a number of other world leaders after an internal Obama administration review started this summer revealed to the White House the existence of the operations, U.S. officials said. Officials said the internal review turned up NSA monitoring of some 35 world leaders, in the U.S. government’s first public acknowledgment that the U.S. government tapped the phones of world leaders. Read the rest of this post on the original site »

Read More

Publishing Executive Larry Kirshbaum to Leave Amazon

October 25, 2013  |  All Things Digital  |  No Comments

One of Amazon.com Inc.’s top book publishing executives, Laurence Kirshbaum, will leave early next year, Amazon said, a sign of the difficulties the retailer has had in establishing itself as a major book publisher. Mr. Kirshbaum, 69, has been with Amazon since the summer of 2011, initially as vice president and publisher of Amazon Publishing’s New York office and later as editorial director for imprints on both the east and west coasts. He earlier ran the book operations formerly owned by Time Warner Inc. Read the rest of this post on the original site »

Read More

Juniper Profit Surges as Revenue Climbs

October 22, 2013  |  All Things Digital  |  No Comments

Juniper Networks Inc.’s third-quarter profit more than quadrupled as the network-gear company recorded an uptick in revenue and lower expenses. Juniper — along with rival F5 Networks Inc., which reports third-quarter results Wednesday — reported signs of weaker demand earlier this year. Juniper on Tuesday, however, suggested that markets are improving, with Chief Executive Kevin Johnson saying the company continues to see strong demand from its service-provider customers and is gaining traction in enterprise sectors. Read the rest of this post on the original site »

Read More

Where Do Startups Shop for Financial Talent? eBay.

October 22, 2013  |  All Things Digital  |  No Comments

Meet the eBay Mafia. That is the tongue-in-cheek name for the at least 20 executives who have become chief financial officers in Silicon Valley and beyond over the past three years after training in the big e-commerce company’s finance department. Many of these eBay Inc. alumni stay in touch with one another, regularly sharing tips about the growing pains of startups and initial public offerings, while waxing nostalgic over a bottle of Cabernet Sauvignon at a trendy San Francisco restaurant. Read the rest of this post on the original site »

Read More

Alibaba: NYSE, Nasdaq Approve Partnership Structure Proposal

October 21, 2013  |  All Things Digital  |  No Comments

The New York Stock Exchange and the Nasdaq Stock Market have each agreed to let Alibaba Group Holding’s founder and senior management team have control over the board of the Chinese e-commerce giant if it seeks to list its stock on the exchanges, Alibaba said. The approvals mean fewer hurdles for a possible U.S. initial public offering by Alibaba. The deal, if it happens, could be the largest Internet IPO since Facebook Inc.’s market debut last year. Read the rest of this post on the original site »

Read More

SAP Profit Jumps but License Business Struggles

October 21, 2013  |  All Things Digital  |  No Comments

SAP AG, the world’s biggest business software maker, Monday reported a jump in third-quarter profit, but currency swings caused a slowdown in revenue growth and its core business in software licenses continued to slide as customers migrated to Web-based products. Net profit at the Walldorf, Germany-based company rose to €762 million ($1.04 billion) in the quarter ended Sept. 30, up 23 percent from a year earlier. But revenue increased just 2 percent to €4.05 billion, markedly slower than the 14 percent growth rate recorded a year earlier. Read the rest of this post on the original site »

Read More

Canadian Government Likely to Seek Promises From Lenovo in Blackberry Bid

October 19, 2013  |  All Things Digital  |  No Comments

If Lenovo winds up bidding for troubled Canadian smartphone maker BlackBerry, the Chinese computer company should prepare for heavy scrutiny in the U.S. and Canada. It may also be asked to make significant promises to BlackBerry’s home country. Recent sizable Canadian acquisitions by foreign companies suggest that Lenovo might have to make firm commitments around job protection and research and development spending, or pledge to seek a listing on a Canadian exchange, in order to get a green light from Ottawa. Read the rest of this post on the original site »

Read More

Health Website Woes Widen as Insurers Get Wrong Data

October 18, 2013  |  All Things Digital  |  No Comments

Insurers say the federal health-care marketplace is generating flawed data that is straining their ability to handle even the trickle of enrollees who have gotten through so far, in a sign that technological problems extend further than the website traffic and software issues already identified. Emerging errors include duplicate enrollments, spouses reported as children, missing data fields and suspect eligibility determinations, say executives at more than a dozen health plans. Blue Cross & Blue Shield of Nebraska said it had to hire temporary workers to contact new customers directly to resolve inaccuracies in submissions. Medical Mutual of Ohio said one customer had successfully signed up for three of its plans. Read the rest of this post on the original site

Read More

SoftBank to Pay $1.5 Billion for Supercell Majority Stake

October 15, 2013  |  All Things Digital  |  No Comments

HELSINKI — Japanese telecom and investment group SoftBank Corp. will team up with the Japanese game developer GungHo OnLine Entertainment to buy 51% of the Finnish mobile-game developer Supercell Oy in a $1.5 billion transaction. The deal values the ultra-profitable Finnish startup — which has only a handful of games and is only a few years old — at $3 billion. The transaction creates a tight alliance between two leading mobile-game developers in the world with the goal of creating “a truly global games company,” Ilkka Paananen, chief executive and co-founder of Supercell, said in an interview. He noted that Supercell — popular for its strategy game Clash of Clans and farm-simulation title Hay Day — doesn’t want to be a hit only in North America and Europe. Read the rest of this post on the original site »

Read More

State Parole Boards Use Software to Decide Which Inmates to Release

October 12, 2013  |  All Things Digital  |  No Comments

At the age of 13, Michael T. Murphy went into the woods near his home in rural New York with the 10-year-old boy who lived next door and stabbed him to death. Last year, having rejected Mr. Murphy’s application 11 times over his more than a quarter-century in prison, the New York State Board of Parole set him free. This time, the parole board deemed Mr. Murphy, then 41, to be a low risk for committing future crimes, according to parole board documents. The board reached its decision using a computer software program called Compas, one of several designed to predict whether individual convicts will return to prison. Read the rest of this post on the original site »

Read More