Singapore: The Airocean Case: Materiality Matters When It Comes To Director’s Duties - Clyde & Co
In a landmark decision handed down by the Singapore High Court, an independent director’s conviction for market misconduct was overturned.
Found 1 month ago on channel Mondaq
Google Glass Will Be Made in the USA by Foxconn
Google‘s high-tech glasses will be manufactured in California, according to multiple reports, in the latest example of an American tech company choosing to build one of its products in the United States. Google’s highly touted computerized spectacles, known as Google Glass, will be assembled by Foxconn Technology Group, the Taiwanese industrial giant that builds many of Apple‘s products, at a plant in Santa Clara, California, according to reports in the Financial Times and Bloomberg. Google’s decision comes just months after Apple CEO Tim Cook announced plans to spend $100 million to build one of the existing Mac lines in the U.S. Apple’s plans were highlighted by President Obama during his 2013 State of the Union address. Obama has called for tech companies to increase U.S.-based manufacturing, and although there are signs of an uptick, there remains considerable debate about whether this is a long-term trend or a short-term byproduct of the U.S. economic recovery. Foxconn, ...
Time Warner Will Spin Off Time Inc. After Meredith Talks End
Media and entertainment giant Time Warner will spin off Time Inc., parent company of TIME, into a separate, publicly traded company, Time Warner said in a statement Wednesday. The decision to separate Time Inc. from Time Warner came after talks to sell most of Time Inc.’s magazines to Des Moines-based publisher Meredith Corporation ended without an agreement. The spin-off is just the latest sign of the rapidly changing media landscape as the Internet continues to disrupt traditional publishing business models. “A complete spin-off of Time Inc. provides strategic clarity for Time Warner Inc., enabling us to focus entirely on our television networks and film and TV production businesses, and improves our growth profile,” Time Warner Chairman and CEO Jeff Bewkes said in a statement. “Time Inc. will also benefit from the flexibility and focus of being a stand-alone public company and will now be able to attract a more natural stockholder base.” In 2009, Time Warner spun off Time ...
New York Times Co. To Sell Boston Globe Amid Changing Media Landscape
The Times they are a-changin’ — again. The New York Times Co., parent company of the Gray Lady, plans to sell The Boston Globe, the venerable newspaper founded in 1872 by six Boston businessmen. The sale, which has been expected, is another indication of the rapidly changing U.S. media landscape, as the Internet transforms traditional media companies and new upstarts rise to challenge them. The decision to sell The Globe (part of the New England Media Group) is the first major action undertaken by new Times Co. CEO Mark Thompson, the former head of British Broadcasting Corp. For the last several years, The Times has been shedding assets and developing a new strategy centered around video, mobile devices, social media, and international growth. In short, The Times aims to become the premier global news organization, one deeply rooted in technology. “Our plan to sell the New England Media Group demonstrates our commitment to concentrate our strategic focus and investment on The New ...
David Leonhardt on making tough decisions to fix the economy
The New York Times Washington bureau chief talks about the choices we have to make with respect to our debt and the national deficit.