Samsung’s splashy launch party for its fourth-generation Galaxy S mobile device isn’t going to have much of an impact in its war with Apple. That’s because the battleground for dominance in the mobile space has shifted away from the hardware and physical design of phones and toward their software, specifically the operating system. The real battle for mobile dominance looks like this: Apple, with its iOS ecosystem, is in one corner, and Google, with its Android system, is in the other. Whichever wins over consumers will ultimately decide the victory.
JPMorgan Chase & Co.’s Douglas Braunstein was grilled by U.S. senators after saying he couldn’t remember how Chief Executive Officer Jamie Dimon reacted when the bank resumed sending reports to a regulator.
Democrat Carl Levin of Michigan, the head of the Permanent Subcommittee on Investigations, asked about Dimon’s reaction after a panel report yesterday saying the CEO told executives last year to stop sending the investment bank’s daily results to the Office of the Comptroller of the Currency. Dimon believed “it was too much information,” the report said, citing an interview with an OCC examiner.
Apple needs to launch a low-cost iPhone to boost earnings and market share, says BTIG analyst Walter Piecyk.
In an investors note out today, Piecyk said he raised his opinion on Apple stock to “buy” from “neutral” based partly on the assumption that a low-cost iPhone will launch before the year is over.
The dollar held near a 3-1/2-year high against the yen and was little changed against the euro on Monday after last week’s stronger-than-expected U.S. jobs growth fueled speculation the Federal Reserve could back off its ultra-loose monetary policy sooner than anticipated.
The shareholder opposition to the $24.4 billion buyout of Dell is growing louder.
Carl C. Icahn, the longtime activist investor, is planning to unveil a major stake in the troubled computer maker, a person briefed on the matter said on Wednesday. As with other investors, he is expected to express dissatisfaction with the price, the person said.
With Mr. Icahn joining the opposition, the Dell deal faces longer odds.
How will William R. Johnson console himself if he’s dismissed as H.J. Heinz‘s chief executive following the ketchup titan’s sale to Warren E. Buffett and a Brazilian investment firm?
With a hefty payday, according to a new securities filing.
While Tim Cook has dropped hints that Apple Inc. (AAPL) is hard at work on a television to drive the next era of growth, the company’s wristwatch-style device, still in development, may prove more profitable.
Apple has filed at least 79 patent applications that include the word “wrist,” including one for a device with a flexible screen, powered by kinetic energy.