John Shinal's Tech Investor: Intel’s CEO choice is more important than results
The decisions made during the next 12 months are going to be key for the company’s future, writes John Shinal.
SEC Gives Companies OK to Use Social Media
WASHINGTON — The Securities and Exchange Commission will allow public companies to make significant announcements on Facebook, Twitter and other social media sites provided they alert investors which sites they intend to use. The decision announced Tuesday allows companies to use social media in place of more formal websites. The question arose after Netflix Inc. CEO Reed Hastings said on his Facebook page in July that subscribers together watched more than 1 billion hours of video for the first time during June, the agency said. (MORE: How the Great Recession Changed Our Spending Habits) An SEC rule requires that all investors receive significant company information at the same time. By allowing businesses to use more informal channels to share news with investors, the SEC is acknowledging the shift in technology that has made social media indispensable for the largest and most powerful corporations. One key requirement is that companies alert investors in press releases or regulatory ...
Nokia Nears Decision Time
Nokia CEO Stephen Elop on Wednesday will gain leeway on how to proceed with the Nokia Siemens Networks joint venture—a former problem child that has turned to a cash cow during his 30-month tenure.
Judge Approves American-US Airways Merger
(NEW YORK) — American Airlines won bankruptcy court approval Wednesday to combine with US Airways and form the world’s biggest airline. “The merger is an excellent result. I don’t think anybody disputes that,” Judge Sean H. Lane said before issuing his decision. (MORE: The Battle for the Future of American Airlines) But the judge declined to sign off on a proposed $20 million severance package for Tom Horton, currently the CEO of American’s parent AMR Corp. The approval is an important milestone for American, which filed for Chapter 11 in November 2011 after having long resisted using the bankruptcy process to cut labor and other costs. The merger still needs approval from Department of Justice antitrust regulators and US Airways shareholders. It is expected to close by the fall. The combined airline will have 6,700 daily flights and annual revenue of roughly $40 billion. The new American Airlines will fly slightly more passengers than United, the current No. 1. It will be run ...
The Latest Chicken Wing Crisis: Too Much Meat on the Bone
Despite the alarmist headlines that surfaced around the time of the Super Bowl, there is no real shortage of chicken wings in the marketplace. But sellers are facing an odd wing problem lately: The chickens they come from are getting bigger and bigger. Why is that a problem? Bigger chickens equate to bigger wings—and more meat per wing provided by restaurants and wholesale suppliers. The result is that “five wings yield more ounces of chicken than six used to,” as Buffalo Wild Wings CEO Sally Smith told stock analysts recently, according to the Minneapolis Star-Tribune. Bigger birds, which have been produced by years of breeding improvements, are great for businesses that sell chicken breasts and thighs by the pound. Wings, on the other hand, are generally sold to consumers not per pound but per unit. As the amount of meat per unit has increased, so have prices. A rise in demand due to the popularity of chicken wings among diners, as well as a hike in feed prices due to last summer’s ...