Gina's Feed
Dec 10, 2009

Appeals court weighs Mattel Bratz case

PASADENA, California (Reuters) – U.S. appeals judges on Wednesday questioned whether a California trial judge went overboard by awarding MGA Entertainment Inc’s Bratz doll franchise to Mattel Inc after MGA lost a copyright infringement trial to its rival in 2008.

The three-judge panel of the Ninth U.S. Circuit Court of Appeals also took aim at Mattel’s employment contract at the center of the dispute over the big-headed, pouty-lipped ethnic doll line during an oral argument in Pasadena, California.

Dec 2, 2009

Dell sees “moderately good” holiday sales

LOS ANGELES (Reuters) – U.S. computer maker Dell<DELL.O> expects a “moderately good” holiday season and increased consumer and commercial demand next year, the company’s chief financial officer said on Wednesday.

“I think the consumer cycle has been surprisingly positive this year,” Dell’s CFO Brian Gladden said at the Credit Suisse Technology Conference.

Nov 19, 2009

Katzenberg sees 3-D movie revolution in scalable chips

HUNTINGTON BEACH, California (Reuters) – Animated 3-D movies will soon be made cheaper, faster and more vividly with a new generation of computer chips that can crunch huge amounts of data faster than ever, DreamWorks Animation SKG Chief Executive Jeffrey Katzenberg said this week.

Katzenberg, one of the first studio chiefs to embrace 3-D animation in films like “Monsters vs Aliens”, told Intel Capital’s CEO Summit in Huntington Beach, California that he is even more excited about the creative potential of this “scalable multi-core processing”.

Nov 18, 2009

Venture capital creates jobs, but not enough

, Nov 17 (Reuters) – Chief
executives of start-up companies supported by Intel Corp
<INTC.O> said on Tuesday they expect to offer more jobs, after
a long drought during which they laid off people.

Venture capital-backed start-ups have long held out the
promise of jobs and growth, but attendees at a conference of
start-ups said their offerings are not enough to ignite a
sputtering economy.

Nov 12, 2009

Lou Dobbs leaving CNN, does not reveal plans

LOS ANGELES, Nov 11 (Reuters) – CNN host Lou Dobbs, whose
outspoken views on U.S. immigration have made him one of the
most controversial figures on television, said on Wednesday he
is leaving the 24-hour cable news network immediately because
he wants a freer platform to state his opinion.

Dobbs, who announced his departure near the start of his
nightly news and commentary show, did not say where he plans to
go, after nearly 30 years at CNN.

Nov 10, 2009

Calif. brokerage firm, execs settle SEC fraud case

LOS ANGELES, Nov 10 (Reuters) – San Francisco brokerage
firm Merriman Curhan Ford & Co and two top executives have
settled a government lawsuit accusing them of failing to spot
fraud committed on clients by its managing director and Silicon
Valley venture capitalist William “Boots” Del Biaggio.

The settlement with Merriman co-founder Jon Merriman, 48,
and former general counsel Christopher Aguilar wraps up a wider
SEC probe into investor and bank frauds involving Del Biaggio,
founder of Sand Hill Capital LP, and Merriman firm managing
director David “Scott” Cacchione.

Nov 9, 2009

Lions Gate Q2 swings to profit on TV, lower costs

LOS ANGELES, Nov 9 (Reuters) – Independent film studio
Lions Gate Entertainment Corp <LGF.N> on Monday swung to a
profit on gains at its television operations and lower film
production costs, far outstripping Wall Street forecasts and
sending its shares up 5 percent.

TV production revenue rose 30 percent to $88.9 million on
gains in domestic series licensing for “Weeds,” “Mad Men,”
“Crash,” “Tyler Perry’s House of Payne,” “Meet the Browns” and
“The Wendy Williams Show,” and on higher international and DVD
sales for the series.

Nov 9, 2009

BofA’s consumer bank chief eyes CEO job

LOS ANGELES (Reuters) – Bank of America’s <BAC.N> consumer banking chief, tipped to be a leading candidate to replace outgoing chief executive Kenneth Lewis, said he is keen to step into the top job but will stay on if he misses out, addressing one of Wall Street’s most talked-about issues.

Brian Moynihan, considered an outsider who joined the largest U.S. lender after it acquired FleetBoston in 2004, is one of several candidates named to fill Lewis’ shoes after he retires at the end of the year.

Nov 6, 2009

Atheros VP charged in Galleon insider trading case

SAN FRANCISCO/LOS ANGELES (Reuters) – Atheros Communications Inc’s Ali Hariri is the latest Silicon Valley executive to be charged in the largest hedge fund insider trading case in U.S. history.

Hariri, a vice president in Atheros’ networking business unit, was charged on Thursday for leaking confidential information to a hedge fund manager in the widening Galleon Group scandal.

Nov 5, 2009

Countrywide ex-CEO Mozilo must face SEC fraud case

NEW YORK/LOS ANGELES (Reuters) – A federal judge rejected a request by Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, to dismiss a U.S. Securities and Exchange Commission lawsuit accusing him of securities fraud and insider trading.

In a Tuesday court filing, U.S. District Judge John Walter in Los Angeles also rejected requests by David Sambol and Eric Sieracki, respectively Countrywide’s former chief operating officer and former chief financial officer, to dismiss related SEC fraud charges.