Samsung Electronics (SSNHY) will delay the introduction of its Galaxy Tab tablet computer in South Korea while it equips the device with superior applications for the domestic market.
Samsung cancelled plans to show the new product to local media on …
Blockbuster, (BBICP) the movie-rental chain that filed for bankruptcy last month, may have a new CEO by the end of the year.
The company has agreed to hire a headhunter to look for new blood once it emerges from bankruptcy protection, The Wall Street Journal said without naming its sources.
Some creditors are unhappy with the performance of current CEO Jim Keyes, and want to find…
Continue reading Blockbuster Considers Switching CEO
Blockbuster Considers Switching CEO originally appeared on DailyFinance on Tue, 12 Oct 2010 07:25:00.
Filed Under: Company News, Technology, People, Media, Blockbuster, Credit
Amtrak set an annual ridership record of 28.7 million passengers for the fiscal year ended September 30. That’s 5.7% more than in fiscal 2009.
Ticket revenue rose 9% to $1.74 billion, Amtrak said in a statement.
High gasoline prices and an improved economy helped buoy results, Amtrak said.
“More and more people see passenger rail as a way to get to where they need to go,” said CEO…
Continue reading Amtrak Reports Record Passenger Numbers
Amtrak Reports Record Passenger Numbers originally appeared on DailyFinance on Tue, 12 Oct 2010 06:30:00.
Filed Under: Energy, Company News, Technology, Economy, Taxes, Retail
Microsoft has unveiled the initial lineup of smartphones that will use its new mobile OS. Analysts seem impressed, but they warn that the software giant has a huge task ahead to lure consumers away from Apple iPhones and Google…
Harbin Electric’s CEO and Baring Private Equity Asia Group are proposing taking the Chinese electric motor maker private with a bid of $24 per share, or $752.2 million. It’s a notably rare instance of a private equity-backed bu…