Edmond Lococo

Ten Reasons Tim Cook Dominated Congress

businessweek.com — "I think it's important that we tell our story," Apple CEO Tim Cook told the Senate's Permanent Subcommittee on Investigations today. "I'd like people to hear it from me."

Samsung-LG Misstep on TV Screens Creates Opening for Sony

bloomberg.com — Samsung Electronics Co. (005930) and LG Electronics Inc. (066570) are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that's behind schedule and costs almost $10,000 a set. The misstep by the Koreans has created an opening for Sony Corp. (6758), Sharp Corp.

Apple CEO Cook Rebuts $9 Billion Tax-Avoidance Claim

bloomberg.com — (Corrects Cook spelling in second paragraph.) Apple Inc. Chief Executive Officer Tim Cook defended his company's use of offshore tax shelters before U.S. senators who castigated the most-valuable technology company for avoiding $9 billion and more in payments. "We pay all the taxes we owe -- every single dollar," Cook said in testimony today to the Senate Permanent Subcommittee on Investigations.

Dear China: Yahoo CEO Mayer Still Loves You After Halting E-Mail

bloomberg.com — Dear China, Yahoo! Inc. CEO Marissa Mayer still loves you very much. That was the message to users in Beijing when the company was questioned about how its decision to shutter e-mail service in China reflects on Yahoo's seriousness on doing business in the world's most-populous nation and largest base of Internet users.

Apple IPhone Slips as Samsung Devices Advance in Survey

bloomberg.com — Samsung Electronics Co. (005930)'s smartphones and Google Inc. (GOOG)'s Motorola devices gained ground among U.S. consumers in an annual satisfaction rating as Apple Inc. (AAPL) 's iPhone rating slipped. While the Cupertino, California-based company's smartphone still had the top ranking among mobile-phone users with a score of 81, Samsung and Motorola have narrowed the gap, according to the American Customer Satisfaction Index, which published its annual 2013 report today.

Tumblr’s 26-Year-Old Founder Celebrates $1.1 Billion Deal

bloomberg.com — Tumblr Inc. Chief Executive Officer David Karp, a 26-year-old who started the company in 2007, signed a note announcing Yahoo! Inc. (YHOO) 's $1.1 billion acquisition with the salutation, "F--- yeah." Karp, a high school dropout, said in a blog post today that he was "elated" to sell Tumblr, while stressing that the New York-based blogging service wouldn't be changing under its new owner's influence.