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Jan 13, 2012

Duke signals plan to stay at Fed for a while

SANTA BARBARA, California (Reuters) – Federal Reserve Governor Elizabeth Duke on Friday signaled that she would stay in her post past the expiration of her term on January 31, saying she planned to work on banking and housing issues for the “foreseeable future.”

Speaking at a banking seminar, Duke noted that Fed governors can serve until replaced and added, “I’m now heavily focused on issues of community banks and housing, and will continue to be for the foreseeable future.”

Jan 13, 2012

GPS dogtags and sacred kangaroos: hits and misses

LAS VEGAS (Reuters) – This year’s Consumer Electronics Show turned out to be the largest on record, despite a slow economy and what many industry pundits agree is a dearth of genuine scene-stealers.

But as with most years, avid – and hardy – attendees can always find a few gems that stand out from the inevitable tidal wave of headphones, Internet-enabled home appliances and gadget casings.

Jan 13, 2012

GPS dogtags and sacred kangaroos: hits and misses at CES

LAS VEGAS (Reuters) – This year’s Consumer Electronics Show turned out to be the largest on record, despite a slow economy and what many industry pundits agree is a dearth of genuine scene-stealers.

But as with most years, avid – and hardy – attendees can always find a few gems that stand out from the inevitable tidal wave of headphones, Internet-enabled home appliances and gadget casings.

Jan 12, 2012

GPS dogtags and glass PCs: the show’s hits and misses

LAS VEGAS (Reuters) – This year’s Consumer Electronics Show turned out to be the largest on record, despite a slow economy and what many industry pundits agree is a dearth of genuine scene-stealers.

But as with most years, avid – and hardy – attendees can always find a few gems that stand out from the inevitable tidal wave of headphones, Internet-enabled home appliances and gadget casings.

Jan 12, 2012

Wynn shares slide as lawsuit stokes Macau concern

LOS ANGELES, Jan 12 (Reuters) – A legal dispute
between the founder of Wynn Resorts Inc (WYNN.O: Quote, Profile, Research) and his
longtime partner raised questions about the state of the U.S.
casino company’s fast-growth Macau business, sending its shares
down more than 5 percent on Thursday.

Wynn Vice Chairman and major shareholder Kazuo Okada sued
the company in Nevada, accusing it of blocking his attempts to
review its business accounts despite repeated requests.

Jan 6, 2012

Analysis: U.S. casinos, vendors eye big online-poker stakes

By Deena Beasley and Edwin Chan

(Reuters) – Louis Castle has been preparing for this moment for months.

Even before the Justice Department effectively gave the green light for states to legalize online gambling, the Shuffle Master Inc chief strategy officer had assembled a design team for a multiplayer gaming platform, kicked off a hiring plan, and made preparations to launch the company’s maiden interactive division this year.

“Come February, you’ll see a lot of activity in Nevada around legal online gaming. Some people will jump, we’ll certainly be ready,” said Castle, who joined Shuffle Master in October from Zynga. “The question is which companies will want to go first.

Dec 30, 2011

New details rekindle HP-Hurd flap

By Jim Finkle and Edwin Chan

(Reuters) – Former Hewlett Packard CEO Mark Hurd made increasingly aggressive romantic advances over several years toward an independent contractor who later accused him of sexual harassment, according to claims in a letter from her lawyer obtained by Reuters.

The letter, ordered unsealed and allowed to be made public for the first time since the scandal emerged last year, outlined in intricate detail accusations by TV starlet and HP contractor Jodie Fisher that Hurd had wined and dined her, then allegedly sought sexual favors in return for employment.

Nov 30, 2011

Corning slashes outlook in glass glut, shares drop

Nov 29 (Reuters) – Corning Inc slashed its
fourth-quarter profit outlook and warned that a major South
Korean client was reneging on its contract as LCD glass supply
outstrips demand, triggering an 11 percent share price plunge.

Corning, struggling to cope with a glut of display glass as
global TV sales sputter, now expects consolidated-equity
earnings to dive 30 percent quarter-on-quarter, compared with a
5 percent decline anticipated previously.

Nov 16, 2011

Apple, with eye on media, names Disney’s Iger to board

By Poornima Gupta and Edwin Chan

(Reuters) – Apple Inc moved to shore up its board after the death of Silicon Valley legend Steve Jobs, appointing Walt Disney Co chief executive Bob Iger to its board to propel its media ambitions.

Iger brings sector expertise and Disney’s clout as the world’s largest media and entertainment conglomerate to bear, as Apple prepares to step up a fight with the likes of Amazon.com Inc and Google Inc over content and its distribution.

Nov 16, 2011

Disney CEO Iger on Apple board, Levinson chairman

Nov 15 (Reuters) – Apple Inc moved to shore up its
board after the death of Silicon Valley legend Steve Jobs,
appointing Walt Disney Co Chief Executive Bob Iger to
its board to propel its media ambitions.

Iger brings sector expertise and Disney’s clout as the
world’s largest media and entertainment conglomerate to bear,
as Apple prepares to step up a fight with the likes of
Amazon.com Inc and Google Inc over content
and its distribution.

    • About Edwin

      "Based in Los Angeles, I oversee company news coverage of much of the U.S. West Coast, including such corporations as Apple, Google and Microsoft. Previously, I was bureau chief for Hong Kong and Shanghai and oversaw coverage for all corporations in China and Hong Kong."
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