Obama Nominates Billionaire for Commerce Secretary
President Barack Obama nominated another corporate billionaire to his cabinet on Thursday, announcing hotel heiress Penny Pritzker, also longtime Obama supporter and "heavyweight" fundraiser, as his official Commerce Secretary pick, the Chicago Tribune reports. Pritzker, with a $1.85 billion fortune, is listed by Forbes magazine among the 300 wealthiest Americans.
Japan Utilities Face Nuclear Shutdown
Cash-strapped Japanese power utilities, which reported $13.3 billion in annual pretax losses in the past week, will now likely face the extra burden of shutting down aging nuclear power plants that don't meet new regulations.
Viddy Co-Founder Chris Ovitz Lands At Mobile Gaming Startup Scopely
Viddy co-founder Chris Ovitz has landed at another buzzed-about Los Angeles startup, the mobile gaming platform Scopely. He used to head up business development at the mobile video startup Viddy, which shot up like a star on the Facebook platform and iOS charts only to later to come back down just as dramatically. At Scopely, he’ll be a vice president of business development, where he’ll work on external opportunities (presumably deals with third-party game makers) to grow the network and the business. Scopely is pursuing a playbook that many other mobile game developers are following. They’re trying to grow the biggest network of gamers possible using apps built both in-house and by outside studios. With an eight-figure number of monthly actives, Scopely is still smaller than other larger competitors that have publishing programs like Zynga and Sequoia-backed Pocket Gems and the Japanese giants like DeNA and GREE. But they say they’ve been able to get all of their games into the ...
http://feedproxy.google.com/~r/Techcrunch/~3/5eknXFcbjNY/ http://techcrunch.com/2013/04/28/808091/#comments Mon, 29 Apr 2013 05:54:12 +0000 Catherine Shu TC huawei Ren Zhengfei http://techcrunch.com/?p=808091 An internal email written by Huawei founder Ren Zheng-fei and obtained by Sina Tech (link via Google Translate) sheds light on the secretive Chinese firm's future. In it, Ren downplays his company's reputation for opacity, which has fueled charges that Huawei, the world's second largest mak
An internal email written by Huawei founder Ren Zheng-fei and obtained by Sina Tech (link via Google Translate) sheds light on the secretive Chinese firm's future. In it, Ren downplays his company's reputation for opacity, which has fueled charges that Huawei, the world's second largest maker of telecom equipment, is involved in espionage for the Chinese government. Ren, who is 68 and rumored to be near retirement, also insisted that he will not hand over Huawei's reins to a family member despite reports to the contrary.
Italian court rejects Nomura seizure order: sources
SIENA, Italy - An Italian judge has rejected an order to seize around 1.8 billion euros ($2.3 billion) of assets from Japanese bank Nomura as part of a probe into suspected fraud involving troubled lender Monte dei Paschi di Siena, legal sources said on Saturday.
Found 4 weeks ago on channel Reuters