Struggling Canadian manufacturer RIM has added an ex-Sony Corp. manager and a LightSquared Inc. official to its team of executives.
Sony Mobile Communications’ former executive vice president Kristian Tear has been appointed as the operations officer, while LightSquared Inc.’s former executive vice president Frank Boulben has been named as the new chief marketing officer at Waterloo, Ontario-based BlackBerry manufacturer.
The new executives have global experience, but analysts are doubtful of their potential for RIM as both of them come from companies that have struggled themselves.
The Financial Services Authority (FSA) has confirmed that its investment policy head Peter Smith would leave the City regulator in June this year.
Mr. Smith, which has played a key role in investment regulation, has plans to step down from his position within the next three to four weeks.
Various reports suggest that Mr. Smith is leaving the FSA to join a Dubai regulator. Reports also suggest that he will join the Dubai regulator as the Director of Policy.
He has been working with the FSA for more than a decade after joining in 1999.
Ralph Topping, the chief of bookmaker William Hill, narrowly survived a shareholder rebellion over executive pay during AGM yesterday.
Mr. Topping, which joined William Hill in 1973, has been awarded a £1.2 million in form of shares as retention bonus. He will get the retention bonus only if he remains with the company until the end of 2013.
Mr. Topping, who ascended to the top job in 2008, pocketed a basic salary of £600,000 in 2011 and a total pay package of £1.71 million.
With Facebook’s billionaire founder Mark Zuckerberg kicking off the heavily-attended IPO road show - in Manhattan on Monday - attired in his trademark hoodie, Wedbush Securities analyst Michael Pachter has shown his displeasure at Zuckerberg’s dressing-up style, particularly for an important event which came just a week ahead of Facebook’s nearly $100-billion valuation IPO.
Global credit-card firm MasterCard on Monday a digital wallet service called PayPass that spans over the Web, mobile and in-store shopping.
PayPass aims to simplify shopping by allowing consumers to pay for their purchases with just a single click or tap in stores, on the Web as well as on their mobile phones.
The new service has three components, viz. PayPass Acceptance Network, PayPass Wallet and PayPass API.
Speculations about the iPhone 5 erupted once again, after Apple filed a claim with the World Intellectual Property Organization (WIPO) for a domain name- iphone5. com.
Though one can never make precise predictions about Apple's potenbtial launches, yet the filing with the WIPO at least hints that the Cupertino firm is considering the iPhone 5 name for its next-generation smartphone.
With the Nevada Department of Motor Vehicles (DMV) giving its approval to the US' first autonomous vehicle license to Google on Monday, the roads in the state will apparently have Google's self-driven cars running on them.
A recently-conducted survey by the Government Business Council has found that the popularity of Research In Motion (RIM)’s BlackBerry handsets have been witnessing a notable decline not only among the average consumers, but also among the enterprise users and federal managers.
According to the survey, the present BlackBerry situation is a complete contrast to the times when the RIM handset was a key player in the highly profitable enterprise and government arena.
Thanks to bionic eye implant as Chris James who was blind is now looking forward to seeing his wife for the first time ever.
The 54-year-old man is one of the lucky men who got a microchip that was 3mm in size and it was fitted into his eyes in a pioneering project.
Light reaches the back of the eye with the help of a sensor that contains 1,500 electrodes which detect light and it then gets converted into electronic signals which are transmitted to the brain.
A new report from Apple-focused site iLounge, citing an unidentified ‘inside’ source, has revealed that Apple’s sixth-generation iPhone - which is largely referred to in reports as the ‘iPhone 5’ – will seemingly feature a taller 4-inch screen, metal back, new ‘pill-shaped’ dock connector, and new aspect ratio.
Researchers have stated that there can be behavioural problems among babies who spend too long in the womb and that too in early childhood.
The added risk is similar to that of being born prematurely, which is known to cause health and emotional problems.
As compared to babies who are born after finishing about 40 weeks in the womb, babies who were born after completing 42 weeks in the womb had long-term behavioural problems. The normal length of pregnancy is 40 weeks.
The UK economy will likely return to growth in summer this year with the recovery gaining pace next year, business lobby group CBI predicted.
The CBI admitted that the UK economy remained bumpy over the winter, but it would resume growth during the second quarter of current year.
Ian McCafferty, chief economic adviser at the CBI, said, "Business surveys suggest that underlying conditions are starting to improve, and that we should see more momentum in the second half of the year."
Net lending in the form of bank loans to firms in the UK declined by nearly £100 billion over the past three-and-a-half years, stats released by the Bank of England showed.
According to the Bank of England stats, released on Wednesday, the amount that UK banks raked in but then declined to lend to firms hit £96.5 billion between November 2008 and March this year.
Net lending can be described as the difference between the total sum of loans disbursed by banks to firms and the total amount of money that they pay back.
According to the official regulator, when drugs are prescribed to patients many mistakes are being done by GPs.
When it comes to prescription drugs, many errors were being made for about one out of six people, a General Medical Council review said.
The worst affected out of the lot were elderly and the young, according to the study that is based on 1,200 patients.
The report however stated that a majority of mistakes that happened were of a minor nature and were corrected by the pharmacists while giving medicines to patients.
The Man Group, the London-based publicly traded hedge fund, yesterday faced an investor rebellion over pay.
Fifteen per cent shareholders failed to back Man's remuneration report as the group’s shares shed another $1 billion (around £617m) in the first three months of 2012.
Chief Executive Peter Clarke, who has been given nine months by impatient shareholders to turn the ship around, pocketed up a $1 million in salary and $2 million in bonus & deferred shares for last year, along with $4 million in shares to be awarded depending on the group’s performance.
Simplyhealth has seen that symptoms of mouth cancer are not known to a majority of Britons.
About 11, 785 were asked about the disease and it was stated by 70 per cent of the people that they did not know the symptoms associated with the disease. In 2010 this unawareness claimed about 2,000 lives in the UK.
There are many reasons for mouth cancer and the prime reasons for this are alcohol, poor diet and nutrition, smoking and human papillomavirus (HPV) infection.
According to the findings of the Energy Department's Monday-released weekly survey, the previous week witnessed a continuation in the plunge in retail gasoline prices all across the US, including California.
On Saturday night, Ryan Dungey - the KTM rider from Belle Plaine, Minn. – clinched his third win of the 2012 AMA Supercross season; and Eli Tomac wrapped up his first Western Regional Supercross Lites season title with his fourth victory.
To emerge the 2010 AMA Supercross Champion, Dungey – who, after missing five races due to a broken collarbone, returned to action in Seattle only last week – raced past the finish line at the Rice-Eccles Stadium, Salt Lake City, before nearly 40,550 fans.
Predicting that Apple's long-term fate will probably mirror that of some of the other technology giants - like Sony and Kodak - which initially peaked and then decelerated after the demise of the their dynamic leaders -, Forrester Research CEO George Colony said in a recent blog post that Apple "will decline in the post Steve Jobs era."
According to Colony, Apple will not be able to sustain its current growth momentum in the long run; and will, in the next 2-4 years, apparently become just a "good company", and no longer a "great company."
Despite the fact that Apple Wednesday reported impressive quarterly results, yet another time, boosted largely by a notable increase in iPhone sales, skeptics are of the opinion that Apple's growth chiefly hinges on China, and that the company would apparently be able to sustain its stupendous growth only if it comes up with new revolutionary devices - at least one, if not more - in 2013.
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