“There are no second acts in American lives.” — F. Scott Fitzgerald
AOL has finally decided how to distribute the pile of cash it received from Microsoft when it sold the software titan the majority of its patent portfolio for more than $1 billion, according to AllThingsD’s Kara Swisher, who reported its will be in the form of a buyback. The announcement is expected later this week, Swisher said.
Samsung, the South Korean consumer electronics giant, has spent most of the last two decades eating the lunch of rival Japanese electronics giant, Sony. While Sony has had struggled with all types of existential debates and attacks at home and abroad including, the global hacker attack of its online network, Samsung has gone from strength to strength in setting the electronics agenda with its cutting edge TVs, phones and tablets.
No doubt this is a politically divided nation; just go to a dinner party and see what happens when some half-in-the-bag neighbor brings up health care or gay marriage or taxes — or, apparently, absurdly, email providers. If you can believe it, a new poll out today shows a major difference between Republicans and Democrats when it comes to picking their favorite email service.
Pressure mounted on Japan’s Olympus to take radical action after it admitted to hiding losses on securities investments for decades, with the camera and endoscope maker’s largest foreign investor demanding the resignation of the company’s entire board. Southeastern Asset Management, which owns about five percent of the 92-year-old company, said Tuesday’s admission “changes everything”.
Sony warned of a fourth straight year of losses, with its television unit alone set to lose $2.2 billion on tumbling demand and a surging yen, sinking its U.S. shares and raising concerns about the viability of its high-profile TV business. Investors had expected Sony to reduce its profit forecast, but not flag a swing to massive losses.
It’s early October in New York which means that Advertising Week, which kicked off on Monday, is officially in full churn. This year, the organizers of the conference that attracts all stripes from publishing outfits to retailers to ad agencies may as well have slugged the event Ladies Week given the number of companies pitching to women.