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Intel CEO startled board chairman with decision to retire

November 20th, 2012

The chairman of Intel’s board tried to convince CEO Paul Otellini to stay, according to an interview in Barron’s. Intel CEO Paul Otellini’s decision to retire likely caught a lot of people off-guard, one of them being the company’s own chairman of the board. Speaking with Barron’s yesterday, Intel board chairman Andy Bryant acknowledged that [...]

Gilt Groupe founder seeks to inspire innovation

October 26th, 2012

Living in New York and working for luxury brands, Alexandra Wilkis Wilson loved to shop sample sales with her friend, Alexis Maybank, where they could nab amazing designer steals at 80 percent off retail. Wouldn’t it be nice, they thought, if friends in cities like Los Angeles, Chicago and Miami could have access to such [...]

Facebook hits 1 billion active user milestone

October 4th, 2012

The most famous quote from the Facebook movie The Social Network—A million dollars isn’t cool. You know what’s cool? A billion dollars—has become a phrase born in fiction that has nevertheless resonated through mainstream cultures as the company’s raison d’être. But the web site’s real foreign money is lively customers and, except cash concerns, that [...]

Intel CEO slams Windows 8, says it’s not ready

September 26th, 2012

Paul Otellini told employees during a meeting in Taiwan that Microsoft needs to make improvements to the OS, according to a Bloomberg report, though he adds they can be done after the product ships. Intel leader govt Paul Otellini slammed windows eight during a meeting with staff in Taiwan, in line with a Bloomberg file, [...]

New boss, old tune: Yahoo’s Marissa Mayer reviewing strategy

August 9th, 2012

In an SEC filing, Yahoo’s newly-appointed CEO hints at a restructuring and a new plan for the billions it expects from the company’s stake in Alibaba. Yahoo’s new CEO, Marissa Mayer, says in an SEC filing that she might restructure the business and, as a result, might not give back to shareholders the billions in [...]

The cloud is a nightmare

August 5th, 2012

Speaking after a performance of Mike Daisey’s one-man Steve Jobs show, Steve Wozniak says he foresees nightmares caused by data stored in remote servers. “I think it’s going to be horrendous.” This is how much Steve Wozniak is sitting on the fence, when it comes to the cloud. Somehow, the idea of storing all his [...]

Genting downscales in Miami as it seeks to expand its global brand

July 22nd, 2012

Malaysian casino giant Genting says it will move forward with more modest plans for its downtown Miami site. Globally, the company is seeking to expand. Miami Mayor Tomas Regalado hasn’t seen them. Neither has Miami-Dade Mayor Carlos Gimenez. Nearly six months after the Genting Group failed to get legislative approval for a massive destination casino [...]

Google’s Marissa Mayer becomes Yahoo CEO

July 17th, 2012

Google’s longtime executive to begin her new job leading the struggling iconic Web company tomorrow. Yahoo has named Marissa Mayer, one of Google’s top execs, as its next CEO, ending a hunt that began after Scott Thompson was forced out in May for padding his resume. Ross Levinsohn, who has been the interim CEO, had [...]

As Tablet Race Heats Up, Apple May Try Smaller Device

July 16th, 2012

The tech companies are at it again — trying to catch the blockbuster iPad in a race to win the tablet market. Google on Friday began shipping its Nexus 7, which is smaller and less expensive than Apple’s iPad, and is meant to compete with both that device and Amazon’s Kindle Fire. This summer, Microsoft [...]

Google’s Larry Page back at work, recovering from illness

July 13th, 2012

Web giant’s 39-year-old co-founder is reportedly back at work after an undisclosed illness caused the loss of his voice and sidelined him from public events for several weeks. Google co-founder Larry Page is recovering from an unspecified illness that sidelined him for several weeks and caused him to lose his voice, but he has returned [...]