In the latest coup for what was an early Internet sensation when it the scene in the mid-nineties but has more recently been waning, Yahoo Inc. has recruited a top advertising sales executive from its rival Google, Vice President Henrique de Castro, as its new Chief Operating Officer. Mr. de Castro will take the reins from another Google veteran Marissa Mayer who has been CEO and President at Yahoo since July.
Industry
Walmart Stake in Indian Supermarket Chain Probed for Violating Direct Foreign Investment Regs
An Indian lawmaker has filed a complaint with the government claiming that Walmart illegally invested in a local supermarket chain in violation of rules restricting direct foreign investment in the retail industry. Regulators have begun an informal inquiry into the matter, according to an article in Friday's New York Times.
Mobile Advertising Poses Challenges for Some of High Tech's Biggest Companies
Consumers' growing love of mobile devices has created growing difficulties for technology companies as they seek to reach their audiences through advertising on smartphones and tablets.
Electric Battery Maker A123 Bankruptcy Filing Highlights Difficulties of Emerging Industry
Waltham, Massachusetts-based electric car battery manufacturer A123 Systems Inc. filed for Chapter 11 bankruptcy protection Tuesday, The Wall Street Journal reported. The company's collapse has been called a setback for the Obama administration's efforts to foster a domestic market for electric vehicles running on U.S.-built batteries.
Citi CEO Vikram Pandit Steps down Abruptly, What's Next?
Citigroup Inc. announced on Tuesday that CEO Vikram Pandit, 55, who has held the post since the eve of the financial crisis in 2008, is stepping down.
Latest News
Private equity plays a pervasive role in all of our lives,whether we are aware of it or not. In "The New Tycoons," author Jason Kelly tells the stories of the men who created this trillion-dollar industry.
A recently released study by Dow Jones finds that venture capital-backed companies with female executives are more successful than those with only men in senior executive roles.
Millennial Media, a six-year old independent company ranked No. 2 last year in mobile advertising sales in the United States, Reuters reported today. Its customers included 75 of the top 100 Ad Age advertisers.
Google CEO Eric Schmidt called the contentious relationship between Google and Apple, the industry's defining fight in an interview in New York on Wednesday.
Two dozen letters posted to the SEC's website a month after the company went public indicate the social media company attempted to overstate the number of users of its mobile devices and cited the wrong research in its February 1 filing with the SEC, according to Bloomberg News.
Greek's ancient Port of Piraeus is half-owned by the Chinese-owned giant Cosco, which has tripled the volume of cargo traffic there since 2010. The trade-off is in workers' salaries and employment protections.
According to a recent interview with Twitter's CEO, the microblogging site's focus is on growing its advertising and user base but speculations about an IPO are still irresistible to the media.
Reuters reported today that big private equity firms will bid for Ingham Enterprises, Australasia's largest poultry producer, according to confidential sources.
Last week the Indian government announced that it was increasing the limits for foreign investment in insurance joint ventures, and opening the pension system to foreigners.
