LyrArc Article Gist
The Journal's Jeff Bennett talks with Rodney O'Neal, the CEO of Delphi Automotive. O'Neal says Delphi's success depends on focussing on advanced technologies where emerging market producers are less able to compete. He has focussed on 33 product lines which are 'green,' safe' and connected.' If it doen't create value then revenue and cost numbers are wrong, is O'Neal's lesson from the bankruptcy filing. He likes the chaotic discussion coming form strong debate, where views are expressed with passion and counterpoints made, and he takes this debate seriously, because as he sees it choosing the right course is a significant task in itself, which takes much time to correct if wrong. There are major improvements in emission and fuel economy ahead and a high tech future for the automobile industry. He see America's future in high-tech where America can do better than emerging market producers, and ensuring that the steady flow of exceptional American talent continues to be channelled properly....

LyrArc Article Gist
Qualcomm's acquisition of Netherlands based chipmaker NXP for $39 billion using cash overseas is part of its diversification effort. Autos make up about 41% of NXP business, and is an effort to position Qualcomm to benefit from the high tech automobile, as smartphone business slows. After the acquisition mobile phones will make up 48% of revenues instead of 61% before the acquisition. Share price of Qualcomm was up 12% with this deal at a 34% premium on NXP's share price.

LyrArc Article Gist
The pace of fundraising for the Sanders campaign picks up pace in the 48 hours after the virtual tie with Hillary Clinton in Iowa- raising $3 million in small donations most well below $2700 maximum, and 40% from new donors. The Sanders campaign gains momentum with about 80% of the vote from young people going to Sanders in Iowa.

LyrArc Article Gist
Toyota makes a sharp rebound after the recall and the tsunami in Japan. Still Takahiko Ijichi, senior managing officer, strikes a note of caution. He says "the latest numbers are not necessarily reflective of our true strength." Toyota has to contend with the slowdown in China, the problems in Europe, and the strong yen in coming months.

LyrArc Article Gist
Soren Skou, the head of the container division of Demark shipping line A.P. Moller Maersk A/S, says the volumes worldwide are expected to increase by 4% in 2012 over the prior year, compared to the 7% increase in 2011. This reflects the deteriorating conditions especially in Europe for goods from China. China is also losing competitiveness in relation to countries like Vietnam and Bangladesh for shoes, toys and labor intensive goods. Tim Smith, Maersk's head for the North Asian region, says the container shipping industry will see annual growth slow from double digit increases to somewhere between 5 to 7%.

LyrArc Article Gist
Policy shift by the National Development and Reform Commission in China to protect domestic carmakers by reducing incentives given to foreign automobile companies. This happens as a rapid deceleration of the car market in China is taking place leaving foreign automakers in a stronger position compared to local automakers.

LyrArc Article Gist
Internet content and communications provider Yahoo, is losing ground. Compared to a 4% growth for the Internet overall, Yahoo's increase in unique vistors was 4%, according to comScore in the 4 months of 2010 to April. Total minutes dropped 11%, and page views dropped 13% in same period, compared to double digit increases for the Web. Yahoo CEO, Bartz, lacks a background in journalism and content development. And AOL is pursuing a similiar strategy. Yahoo agreed to acquire Associated Content which aggregates content from bloggers, and it is making trials with local content in Detroit and Cleveland for user engagement. Bartz plans to revamp the email interface. Analysts sense that the repair job will be tough for Bartz as Yahoo's image has suffered.

LyrArc Article Gist
JP Morgan Chase Treasurer, Joseph Bonocore, left the bank in October 2011, and his replacement took office in March 2012. Bonocore had served as chief risk officer of the Chief Investment Office for 11 years and was intimately familiar with its operations. The executive in charge of risk management at the Chief Investment Office had little risk management experience. Mr. Goldman was named chief risk officer in February 2012. His brother in law Barry Zubrow had previously served as chief risk officer of the bank for many years. In January 2012, Zubrow took the position of head of corporate regulatory affairs. Goldman had spent most of his years as a trader starting at Salomon Brothers in 1980's He later worked at Credit Suisse and Cantor Fitzgerald. He left Cantor after his unit incurred trading losses. In February 2012, Goldman, Zubrow and Ms Drew met with officers of the Federal Reserve arguing in favor of less regulation on proprietary trading, including the Volcker Rule, according to Fed documents....

LyrArc Article Gist
Tepco will take a loss of 1.247 trillion yen or $15.28 billion for the fiscal year ending in March 2011. President Shimizu of Tepco resigned. He will be replaced by Toshio Nishizawa, a joint managing director who worked for 36 years at Tepco.

LyrArc Article Gist
Natarajan Chandrasekharan, CEO of TCS, describes his approach to running TCS so that individual unit managers can use 100% of their processing power, and have the advantage of the scale and initiatives launched by the corporation as a whole. He says he finds people and builds teams and sees the big picture, but lets units operate independently with 100% of their processing power- calling it democratization. TCS stays ahead in new technologies of mobility, cloud, social, big data, analytics and robotics using its innovation labs in Santa Clara and Cincinnati in the U.S. with centers of excellence in India tied ot these labs. About $4-5 billion in new revenues are expected from these new technologies in 3 years. TCS, India's largest IT company, under Chandrasekharan has doubled its revenue since he took over during the financial crisis in 2009.

LyrArc Article Gist
Kodak Labs in Eastman Kodak Park, Rochester, New York, in 2015, as the struggle to come up with new applications to reinvent the company continues.