Burbank, US-based movie company Warner Bros is mulling over a $10 million to $15 million investment in YouTube game-focused web video site Machinima, according to a report by the Wall Street Journal (WSJ).
Firm Management
Apple announces CFO Peter Oppenheimer's retirement in September, names replacement
Peter Oppenheimer, Apple's long-time Chief Financial Officer, will be retiring in September. He will be succeeded by VP of Finance and Corporate Controller Luca Maestri, TechCrunch reported.
RadioShack announces closure of 1,100 stores across the US
Texas, US-based electronics retail franchise chain RadioShack announced the closure of 1,100 out of its 4,000 stores across the US in a bid to save the company after a massive revenue loss over the holidays.
Microsoft reportedly losing two top execs
Redmond, US-based software giant is losing two of its top executives: Former Skype chief Tony Bates and marketing head Tami Reller, according to a report by tech news site Re/code.
Personal assistant app Donna retires after being acquired by Yahoo
Donna, the personal assistant app made by San Francisco, US-based mobile app creator Incredible Labs, is retiring starting February 28, just a month after search giant Yahoo acqui-hired the company.
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Sony will shut down two-thirds of its retail outlets located across the US, with 11 out of the 31 stores near major markets to remain open, as part of its move to offload unprofitable units and reduce liabilities.
California, US-based social networking giant Facebook is ditching its users' facebook.com emails starting March because many people were not using them, and will automatically revert to the original emails registered with the network.
Mt. Gox Chief Executive Officer Mark Karpelès has resigned as a board member from the Bitcoin Foundation, according to a source interviewed by The WSJ and confirmed by the foundation with a statement on its website.
IBM is going to further enhance its cloud services platform with a $1 billion investment until next year to lure more clients to SoftLayer Technologies Inc in its efforts to improve sales that have declined for the past seven quarters, Bloomberg reported.
Southern Cross Venture Partners was the lead investor for the Series A funding round for Waltham, Massachusetts-based mobile content startup bigtincan which raised $5 million.
After raising $38 million in total funding last year, San Francisco, US-based house cleaning startup Homejoy opened its second office in New York City in January to create a places where the company's city managers can meet together.
Netflix has agreed to pay one of the largest broadband providers in the United States Comcast Corp for faster speeds, throwing open the possibility that more content companies will have to shell out for better service.
Koos Bekker, the Chief Executive Officer of South Africa-based e-commerce and media giant Naspers Ltd, will be stepping down on April. He will be replaced by Bob van Dijk, Reuters reported.
A former investment banker and senior manager at Evercore Group, Frank Perkins Hixon Jr, faces charges of insider trading in cases filed by US authorities, Reuters reported.
