Bloomberg Reporters Caught Spying On Terminal Users
theodp writes "Big Bloomberg is watching you. CNN reports that was the unsettling realization Goldman Sachs execs came to a few weeks ago when a Bloomberg reporter inadvertently revealed that reporters from the news and financial data provider had surveillance capabilities over users of Bloomberg terminals. 'Limited customer relationship data has long been available to our journalists,' acknowledged a Bloomberg spokesman. 'In light of [Goldman's] concern as well as a general heightened sensitivity to data access, we decided to disable journalist access to this customer relationship information for all clients.' Business Insider is now reporting on allegations that Bloomberg reporters used terminals to spy on JPMorgan during the 'London Whale' disaster; Bloomberg bragged about its leadership on this story."
BlackBerry CEO: Tablet Market Is Dying
Nerval's Lobster writes "BlackBerry CEO Thorsten Heins believes that tablets will be dead by 2018. 'In five years I don't think there'll be a reason to have a tablet anymore,' he told an interviewer at the Milken Institute conference in Los Angeles, according to Bloomberg. 'Maybe a big screen in your workplace, but not a tablet as such. Tablets themselves are not a good business model.' That may come as a surprise to Apple, Google, Amazon and Samsung, all of which have built significant tablet businesses over the past few years. Research firm Strategy Analytics suggested in a research note earlier this month that the global tablet market hit 40.6 million units shipped in the first quarter of 2013, a significant rise from the 18.7 million shipped in the same quarter last year. So why would Heins offer such a pessimistic prediction when everyone else — from the research firms to the tablet-makers themselves — seems so full-speed-ahead? It's easy to forget sometimes that BlackBerry has ...
Jeff Bezos Leads $5 Million Investment In Henry Blodget's Business Insider Blog Network
Jeff Bezos, founder and CEO of Amazon, is leading a new $5 million investment in Business Insider, the blog network founded by Henry Blodget that focuses on business, tech and other news. The investment was mentioned in an internal memo from Blodget to staff -- published by BI itself. Other investors in this round include RRE Ventures and Institutional Venture Partners, notes Bloomberg. This brings the total investment in Business Insider, which has some 15 million monthly visitors worldwide, up to $18.6 million since 2008.
Prodded By Activist Hedge Fund, Apple Evaluates Plan To Return Cash To Shareholders Through Preferred Stock Issue
Apple said this afternoon it is evaluating the possibility of issuing preferred stock as part of its ongoing effort to return $45 billion to its shareholders which was initiated in March of last year. The evaluation is apparently in response to Greenlight Capital, a hedge fund led by David Einhorn that currently holds some 1.3 million shares of Apple stock. Greenlight has been very publicly pushing Apple to give more of its cash back to shareholders. In particular, Greenlight is opposing Apple’s proposed plan to amend its corporate charter in a way that would eliminate the option of issuing preferred stock. In an interview with CNBC today, Einhorn said that preferred stock should indeed be issued by Apple, and he blasted the company for hoarding its cash with a “depression-era mentality.” In a separate interview with Bloomberg, he compared Apple’s attitude toward cash to that of his grandmother, saying, “It is kind of like my grandma Roz. She wanted to hoard money. She would not ...
T-Mobile Aiming To Be First With BlackBerry Z10 Launch In The U.S. With Mid-March Release
T-Mobile says that Blackberry's new Z10 smartphone is "more stable than ... anticipated," and could potentially get a faster-than-expected launch on the network. As it stands, the new BB10-based smartphone looks to be on track for a mid-March release, according to statements made by T-Mobile USA Head of Business Sales Frank Sickinger speaking to Bloomberg today. The carrier anticipates it could be the first U.S. carrier "out of the gate" with BB10 as a result, according to the report.