The Wall Street Journal reports, Best Buy Chief Executive Brian Dunn, resigned abruptly yesterday, amid what the company described, as a probe into his “personal conduct,” adding to the worries of the slumping consumer-electronics retailer, whose big-box business model is crumbling. The company didn’t initially disclose the probe when announcing the resignation. It declined to provide any additional details on the events leading to the investigation.
The Wall Street Journal also reports, Nokia warned today, that intense competition, particularly in India, the Middle East, Africa and China, would hit its first quarter performance, sending its shares plunging. Chief Executive Stephen Elop said the profit warning shows that the business is still in transition. Mr. Elop announced last year, that the company would ditch its own smartphone software Symbian, and join forces with Microsoft, to build a new family of phones using Microsoft’s Windows operating system.
Bloomberg reports, Oracle will ask a jury next week, to find that Google stole its intellectual property, to make Android software, in a trial that a federal judge called the “World Series of IP cases.” Oracle, the database maker, looking to make profit from its $7.4 billion acquisition of Sun Microsystems, is seeking $1 billion in damages, and an injunction to block Android software that, allegedly infringes patents, it owns through Sun. Google, whose Android software is running on more than 150 million devices, denies any infringement and says the Oracle- owned technology it used, is not covered by copyright.
Reuters reports, Billionaire Sheldon Adelson said today he plans to spend $35 billion on a mini-Las Vegas strip in Spain where he is courting the country’s two top urban areas, Barcelona and Madrid, with plans for a casino complex. Adelson, chairman and CEO of Las Vegas Sands, was speaking at a press conference ahead of the opening of his new $4 billion casino property in Macau, the world’s largest casino destination.
The Wall Street Journal reports, Best Buy Chief Executive Brian Dunn, resigned abruptly yesterday, amid what the company described, as a probe into his “personal conduct,” adding to the worries of the slumping consumer-electronics retailer, whose big-box business model is crumbling. The company didn’t initially disclose the probe when announcing the resignation. It declined to provide any additional details on the events leading to the investigation.
The Wall Street Journal also reports, Nokia warned today, that intense competition, particularly in India, the Middle East, Africa and China, would hit its first quarter performance, sending its shares plunging. Chief Executive Stephen Elop said the profit warning shows that the business is still in transition. Mr. Elop announced last year, that the company would ditch its own smartphone software Symbian, and join forces with Microsoft, to build a new family of phones using Microsoft’s Windows operating system.
Bloomberg reports, Oracle will ask a jury next week, to find that Google stole its intellectual property, to make Android software, in a trial that a federal judge called the “World Series of IP cases.” Oracle, the database maker, looking to make profit from its $7.4 billion acquisition of Sun Microsystems, is seeking $1 billion in damages, and an injunction to block Android software that, allegedly infringes patents, it owns through Sun. Google, whose Android software is running on more than 150 million devices, denies any infringement and says the Oracle- owned technology it used, is not covered by copyright.
Reuters reports, Billionaire Sheldon Adelson said today he plans to spend $35 billion on a mini-Las Vegas strip in Spain where he is courting the country’s two top urban areas, Barcelona and Madrid, with plans for a casino complex. Adelson, chairman and CEO of Las Vegas Sands, was speaking at a press conference ahead of the opening of his new $4 billion casino property in Macau, the world’s largest casino destination.