Sep
17
2008
Yahoo! Inc. rejected a proposal from Microsoft Corp. and billionaire investor Carl Icahn that would have broken up the Internet company, saying they were trying to “coerce” officials into selling assets.Under the plan, Yahoo’s current board and top management would be replaced. Microsoft would buy Yahoo’s search business and leave Icahn with the rest of [...]
- Tags: alliance, bid, billionaire, Bloomberg, board, Business, California, Carl Icahn, Chairman Roy Bostock, coerce, company, Corp, doesn, Inc, Internet, investor, management, Microsoft, mind, plan, proposal, Rejects, rest, search, Split, statement, Sunnyvale, take, transaction, Yahoo
Sep
17
2008
Motorola Inc. plans to split into two companies next year amid pressure from billionaire investor Carl Icahn to break off the money-losing mobile-phone business that it pioneered 25 years ago.One company will focus on handsets and the other will sell network equipment, cable TV set-top boxes and two-way radios — businesses that are profitable and [...]
- Tags: billionaire, Bloomberg, board, Business, cable, Carl Icahn, company, equipment, executive, Inc, investor, Motorola, network, officer, phone, pressure, rest, Sales, Slide, Split, statement, today, year
Sep
17
2008
Carl Icahn, the billionaire investor fighting for board seats at Motorola Inc. demanded access to documents that detail the strategy for turning around the money- losing mobile-phone business.Icahn filed a lawsuit today in Delaware Chancery Court in Wilmington to get the information from Motorola, the biggest U.S. mobile-phone maker. The company denied an earlier request [...]
- Tags: access, billionaire, Bloomberg, board, Business, Carl Icahn, Chancery, Chief Executive Officer Greg Brown, company, Court, Delaware, Demands, detail, handset, Inc, information, investor, lawsuit, maker, money, Motorola, percent, pressure, quarter, request, rest, spinoff, strategy, today, U.S., unit, Wilmington
Sep
17
2008
Motorola Inc., which has lost mobile- phone market share to all of its major rivals, rose in German trading after saying it may bow to shareholder pressure and shed its money-losing handset unit.Chief Executive Officer Greg Brown said yesterday that the Schaumburg, Illinois-based company is exploring its options, including a possible separation of its mobile-devices.
The [...]
- Tags: announcement, Apple, billionaire, Bloomberg, Business, Carl Icahn, Chief Executive Officer Greg Brown, company, drop, Electronics, half, handset, Illinois, Illinois-based, Inc, load, market, May, mobile, Motorola, phone, Phones, pressure, quarter, rest, revenue, Rises, Samsung, Schaumburg, separation, share, shareholder, trading, unit, yesterday
Sep
17
2008
Business software maker Oracle Corp agreed Wednesday to buy BEA Systems Inc. for about $7.85 billion, a compromise price that ends a months-long dispute over the value of the company that pioneered Web services software.The deal gives Oracle CEO Larry Ellison another trophy in his growing collection of acquisitions. This time, the addition is expected [...]
- Tags: addition, BEA, bid, billionaire, board, Business, Carl Icahn, CEO Larry Ellison, closing, collection, company, compromise, Corp, deal, dispute, Inc, interact, investor, Jose-based, maker, middleware, Nov, October, offer, Oracle, overture, percent, position, premium, price, rest, sale, San Jose, September, share, shareholder, software, Time, Times, trophy, Tuesday, value, Web, Wednesday
Sep
17
2008
Billionaire Carl Icahn’s activist hedge funds posted their first quarterly decline since they opened three years ago because of volatile markets and losses on stocks including WCI Communities Inc and Lear Corp. The funds, run by New York-based Icahn Capital Management LP, together fell 1.5% in the third quarter. The firm reversed more than US$27mil [...]
- Tags: activist, billionaire, Bonita Springs, Business, buyout, capital, Carl Icahn, Communities, Corp, decline, drop, February, filing, firm, Florida, hedge, homebuilder, Inc, incentive, investment, Lear, loss, management, manufacturer, Michigan, Michigan-based, mil, New, parent, post, quarter, rest, result, Southfield, Star, U.S., WCI
Sep
17
2008
Motorola’s Ed Zander just bought himself a reprieve. The wireless technology company turned in stronger than expected third quarter results, pushing the company’s stock up 6% in midday trading on Thursday and quieting the chief executive’s many critics, at least for now.
Motorola (MOT) said Thursday its profit plunged 94% in the third quarter, as sales [...]
- Tags: billionaire, board, Business, Carl Icahn, cell, company, cost, cutting, Ed Zander, executive, income, loss, midday, MOT, Motorola, phone, profit, quarter, report, reprieve, rest, seat, share, stock, technology, Thursday, Time, trading, turnaround, week, Zander, Zander Buys
Jul
13
2008
As Bill Gates prepares to end his full-time work at Microsoft, he tells the BBC in an interview that it wasn’t just what Microsoft did, but what his rivals didn’t do that let Microsoft get ahead.
“Most of our competitors were very poorly run,” he tells Fiona Bruce, for The Money Programme.
“They did not understand how [...]
- Tags: 1980s, Amstrad, Atlantic, bill gates, brentwood, Britain, Business, business experience, company, computer, computer pioneers, didn, engineering, essex, fiona bruce, full time work, global mobility, interview, Microsoft, mid, mid atlantic, money, ms dos operating system, MS-DOS, news bbc co uk, Programme, range, rest, rivals, salesman, secret, Sir Alan, sir alan sugar, smoothie, success, sugar one, wasn
Jul
13
2008
Microsoft billionaire Bill Gates announced a new direction Friday as he pledged $306 million in grants to develop farming in poor countries, leading the charge for corporate responsibility at a major meeting of business chiefs. The announcement by Gates, who is to step down from the computer giant later this year, drew attention from the [...]
- Tags: announcement, attention, bill gates, Bono, Business, business chiefs, charge, cnn, computer, computer giant, corporate responsibility, davos, davos switzerland, Economic, farming, financial woes, Forum, Friday, frontman, grants, meeting, Microsoft, microsoft billionaire, new direction, poor countries, project, rest, standing, standing ovation, suggestion, Switzerland, u2, world, world economic forum, world europe, year
Jul
11
2008
India has been familiar with global leadership in the past and has achieved one of the highest growth rates in the world in recent years, Reliance Industries chairperson Mukesh Ambani said Friday while warning against “deceptive descriptions” like the billionaires’ lists. Speaking at the India Today Conclave here, Ambani said that knowledge and human values [...]
- Tags: 35 years, age, Ambani, billionaires, Business, cent, chairperson, Conclave, finance, financial strengths, Friday, Global, global leadership, growth, human values, india today conclave, indian entrepreneurs, Knowledge, Mukesh, mukesh ambani, Population, Reliance, reliance industries, rest, sify, today, warning, world, world leaders
