Apple CEO Tim Cook Likes These 7 Beautiful Things

A few weeks ago, Apple CEO Tim Cook created an account on The Fancy, a Pinterest-like image sharing site that’s backed by Jack Dorsey and other super angels.

It could be a fake account but, like Twitter, The Fancy verifies high-profile users, and Cook’s account has been verified.

Since he signed up mid-month, he’s “fancied” 7 beautiful items. Some of the items make sense. Cook is the CEO of Apple, so it’s not surprising he tagged an Apple Store. Cook is also on the board of Nike, and he’s really into the outdoors. The other items we have not explanation for.

Here’s what the CEO of the most design-driven company in the world, Apple, is into:

Also, check out all of beautiful things that inspired Steve Jobs >

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September 12: iPhone update day

Apple is preparing to introduce the next version of the iPhone on September 12 in what will be a design overhaul of its top-selling product, according to two people with knowledge of the company’s plans.

The people asked not to be named because an official announcement hasn’t been made. The new iPhone will have a larger screen and thinner body, and is expected to work with faster long-term evolution wireless networks being introduced by carriers such as Verizon Wireless and AT&T, according to analysts such as Piper Jaffray Cos.’ Gene Munster.

The design change will be Apple’s first for the best- selling smartphone since 2010, when it unveiled the iPhone 4. Last year’s update, the 4S, had the same look as the prior version. Anticipation for the new model has led to a drop in sales for the current devices, causing Apple to miss analysts’ sales and profit targets for three months that ended in June. The iPhone accounted for 46 per cent of the company’s revenue in the quarter.

Apple is battling Samsung Electronics for supremacy in the $US219.1 billion smartphone market. While Apple’s strategy has been to release a single smartphone each year, Samsung has become the world’s leading handset maker by putting out several devices a year in a range of sizes and prices.

The planned September debut was reported earlier by iMore, a technology news website. Natalie Harrison, a spokeswoman for Apple, declined to comment.

Higher prepayments

Signs that Apple is preparing to introduce a new product were evident in its quarterly financial results. The company increased the prepayments it is making for components by $US1.15 billion – a jump that may indicate a new product is going to be introduced, according to a report yesterday from Maynard Um, an analyst at Wells Fargo Securities.

Apple co-founder Steve Jobs had worked closely on the redesigned phone before his death in October, one person familiar with the matter said in May.

The stock rose 0.2 per cent to the equivalent of $US598.87 in German trading as of 9:08 a.m. in Frankfurt. Apple, the world’s largest company by market value, climbed 1.7 per cent to $US595.03 at yesterday’s close in New York. The shares have risen 47 per cent this year.

Bloomberg

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LNP vs KRudd: Call for Griffith candidates

THE Liberal National Party (LNP) is calling for candidates to take on former prime minister Kevin Rudd at the next federal election.

The LNP opened nominations on Tuesday for the Labor backbencher’s seat of Griffith in Brisbane.

The party had received a strong response from prospective candidates for the 10 seats held by Labor or independents in Queensland, LNP state director Brad Henderson said.

“Every seat that Labor or the independents hold is keeping the current government in office,” Mr Henderson told AAP.

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Fujitsu Reorganizes JAIMS to Focus on Fostering World-Changing Business Leaders from Asia

Initiating new programs, including training in Singapore and Thailand, and recruiting participants beginning from today

Tokyo, July 31, 2012 – (JCN Newswire) – Fujitsu established the Japan-America Institute of Management Science (JAIMS) as a Hawaii-based nonprofit educational institution in 1972 in its efforts to contribute to the international community. In the 40 years since its founding, JAIMS has trained more than 23,000 graduates.

In light of the expansion of business in Asian countries in recent years, Fujitsu has decided to establish the Fujitsu-JAIMS Foundation (Fujitsu-JAIMS) in order to reorganize JAIMS as an educational institution that also emphasizes Asia. The headquarters functions of JAIMS, which have been in Hawaii up until now, will be transferred to Fujitsu-JAIMS in April 2013. Fujitsu plans to further strengthen the Fujitsu-JAIMS management structure by incorporating the practical knowledge, ICT know-how, and human resources it has gained through its business into the activities of Fujitsu-JAIMS. In addition, to foster the development of business leaders from Asia that will drive innovation in that region and transform the world, Fujitsu-JAIMS will hold a short-term international management program, “Global Leaders for Innovation and Knowledge,” which in addition to Hawaii, will take place in Singapore, Thailand and Japan. Recruitment for the program will take place globally starting from today.

With the establishment of Fujitsu-JAIMS, Fujitsu strengthens its commitment to the continued development of business leaders in the Asia Pacific region, with Japan as a cornerstone.

The Global Leaders for Innovation and Knowledge Program

1. Knowledge Leadership Training

Based on Ikujiro Nonaka’s theory of “Knowledge-Creation Management,” the program will train students in the knowledge-creation process and proper leadership techniques from both theoretical and applied perspectives.

2. Multi-campus Network

By adding Singapore and Thailand as footholds for the implementation of educational programs, the program encompasses a multi-campus network (Japan, the United States (Hawaii), Singapore, and Thailand). Through a short-term program (around three and a half months in length) with a condensed curriculum of both theoretical and applied learning, the wide-ranging knowledge as well as self-confidence required by leaders who will promote global business will be cultivated.

3. Constructing a human network together with Asia

By studying diligently together with excellent participants from many countries centering primarily on East and Southeast Asia, and by interacting with lecturers from visiting counties, students develop more global viewpoints and cultural sensitivity, while also learning how to achieve synthesis amid diversity. Furthermore, students will construct human networks which will carry on long past graduation.

For more detailed information regarding Global Leaders for Innovation and Knowledge, as well as important points concerning recruitment, please visit the related web sites.

About Fujitsu-JAIMS

1. Name of Organization: Fujitsu-JAIMS Foundation
2. Establishment: July 2012 (JAIMS was established in January, 1972)
3. Location: Fujitsu Solution Square, 1-17-25 Shin-kamata, Ohta-ku, Tokyo, Japan
4. Mission: By training future business leaders who can demonstrate extraordinary abilities in an increasingly interdependent global society, Fujitsu-JAIMS seeks to develop human resources in the Asia Pacific region and work together in generating knowledge, thereby contributing to the development of a new community.
5. Board of Trustees:
– Michiyoshi Mazuka, Chairman and Director, Fujitsu Limited
– Masami Fujita, Corporate Senior Executive Vice President and Representative Director, Fujitsu Limited
– Naoki Tanaka, President, Center for International Public Policy Studies
6. Board Chairman: Kazuo Ishida. Corporate Technology Advisor, Fujitsu Limited
7. Board of Directors:
– Ryoko Toyama, Professor, Chuo Business School (Chuo Graduate School of Strategic Management)
– Tatsuya Miyake, Managing Director, Fujitsu Limited
8. Executive Advisor: Ikujiro Nonaka, Professor Emeritus, Hitotsubashi University
9. Alumni and Program Participants: More than 23,000 students from 55 countries (including seminars held outside of Japan)

About Fujitsu Limited

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Over 170,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.5 trillion yen (US$54 billion) for the fiscal year ended March 31, 2012. For more information, please see http://www.fujitsu.com.

Source: Fujitsu Limited

Contact:

Fujitsu Limited
Public and Investor Relations
www.fujitsu.com/global/news/contacts/
+81-3-3215-5259

Copyright 2012 JCN Newswire. All rights reserved. http://www.japancorp.net

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Key events involving Yahoo and its performance

Yahoo executive Ross Levinsohn is leaving the company after Yahoo went with someone else to permanently lead it. He had been interim CEO. Two weeks ago, Yahoo named longtime Google executive Marissa Mayer as its fifth CEO in as many years. She’ll be the latest person to attempt a turnaround at the struggling Internet pioneer.

Here are some key developments involving Yahoo Inc. and its performance:

Nov. 17, 2008: Yahoo Inc. says co-founder Jerry Yang will step down as CEO as soon as a replacement is found. It ends a rocky reign marked by Yang’s refusal to sell the Internet company to Microsoft Corp. for $47.5 billion, or $33 per share, in May 2008. Yahoo’s board had been facing pressure to push him out as its stock plunged to its lowest levels since early 2003 and well below Microsoft’s last offer price.

Jan. 13, 2009: Yahoo names technology veteran Carol Bartz as its new chief executive, bringing in a no-nonsense leader known for developing a clear focus.

Feb. 26: Yahoo announces a management shake-up. Chief Financial Officer Blake Jorgensen is pushed out, while Yahoo’s chief technology officer and its top advertising executive in the United States get expanded duties.

April 21: Yahoo announces plans to cut nearly 700 jobs, or about 5 percent of its workforce.

June 3: At an investors conference, Bartz says a turnaround will take time. She also plays down talk of turning over Yahoo’s search operations to Microsoft.

June 11: Yahoo hires a cost-cutting specialist, Tim Morse, as its new chief financial officer.

June 25: At a shareholders meeting, Bartz seeks to assure investors that she will polish Yahoo’s tarnished brand and end a three-year financial funk that has depressed the company’s stock.

July 29: Microsoft and Yahoo announce a 10-year search deal. Yahoo turns over responsibility for search technology to Microsoft, while Yahoo concentrates on sales of billboard-style advertising on the Web.

Feb. 18, 2010: Regulators in the U.S. and Europe approve the search partnership.

March 2: In pleading for patience, Bartz points to the years it took Steve Jobs to revive Apple Inc. after his return in 1997.

Oct. 7: Yahoo rolls out new tools to get people to the information they seek more quickly, especially when searching about entertainment, sports and major events. The hope is to distinguish itself from its Internet search partner, Microsoft, because Yahoo gets a cut of ad revenue when searches are done on its own site.

Dec. 16: Word leaks of services that Yahoo is thinking of shutting down, days after it shed 600 employees, or about 4 percent of its workforce.

May 10, 2011: Yahoo makes a surprise disclosure that Alibaba Group, one of China’s most powerful Internet companies, had spun off its online payment service, Alipay. The split causes investors to re-evaluate the value of Yahoo’s then-43 percent stake in Alibaba.

June 23: Yahoo Chairman Roy Bostock seeks to defuse speculation about Bartz’s job security at Yahoo’s annual shareholders meeting, only to have it ignited again at the end of the session by an exasperated investor.

Sept. 6: Yahoo fires Bartz after less than three years on the job. Morse, the chief financial officer whom Bartz lured from chip-maker Altera Corp., is named interim CEO.

Jan. 4, 2012: Yahoo names Scott Thompson, president of eBay Inc.’s PayPal division, as Yahoo’s new CEO, its fourth in less than five years.

Jan. 17: Co-founder Yang leaves the company as he steps down from the board of directors. He had been on Yahoo’s board since its 1995 inception.

Feb. 7: Chairman Roy Bostock and three other longtime board members say they won’t seek re-election to give Thompson an enhanced team of independent directors. Many Yahoo shareholders had been clamoring for Bostock to step down since the company balked Microsoft’s 2008 takeover offer.

March 25: Yahoo announces three new board members, gearing up for a proxy fight with one of its largest shareholders, Third Point LLC, which is trying to win four seats on Yahoo’s board.

March 28: Hedge fund manager Daniel Loeb, who controls a 5.8 percent stake in the company through his Third Point fund, blasts Yahoo’s board appointments as “illogical.”

April 4 Yahoo announces plans to lay off 2,000 employees, or about 14 percent of its workforce. The cuts are part of an overhaul aimed at focusing on what Thompson believes are Yahoo’s strengths while also trying to address its weaknesses in the increasingly important mobile computing market.

April 6: Thompson unveils a plan to reorganize the company into three main divisions focused on users, advertisers and technology. It will take effect on May 1. Yahoo believes the new structure will improve users’ experience with Yahoo, work closely with advertisers in different regions of the globe and strengthen the company’s technology group.

April 17: Yahoo reports first-quarter earnings, the first results under Thompson. The company shows signs of modest progress. Net income rose 28 percent from a year ago. Revenue grew less than 1 percent, but it’s a breakthrough because the company’s revenue has been steadily falling for years.

May 3: Loeb, the disgruntled Yahoo shareholder, questions Thompson’s qualifications and integrity after exposing a misrepresentation about the executive’s education. Yahoo confirms that Thompson doesn’t have a bachelor’s degree in computer science from Stonehill College, as Yahoo previously stated. Thompson only has an accounting degree from Stonehill. Yahoo blames an “inadvertent error” and says its board will investigate.

May 4: Loeb calls on Yahoo to fire Thompson and gives the company a Monday deadline.

May 7: Deadline passes with Thompson still on the job. Loeb’s Third Point makes a legal demand for internal records about Thompson’s hiring. In a memo to employees, Thompson apologizes for the distractions caused by furor without offering an explanation on who was responsible. He also promises to cooperate with an investigation by Yahoo’s board.

May 8: Patti Hart, who led the committee that hired Thompson, surrenders her board seat, becoming the first casualty in the dust-up. Hart says she decided to not to seek re-election to Yahoo’s board to focus on her job as CEO at gambling machine maker International Game Technology. Yahoo also says its probe will be handled by a committee of three directors who joined the company’s board after Thompson was hired.

May 13: Thompson is out at Yahoo. Ross Levinsohn, who oversees Yahoo’s media and advertising services worldwide, is named interim CEO.

May 20: Yahoo agrees to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion. The deal calls for Alibaba to buy back half of the 40 percent stake that Yahoo owns in the Chinese company for $6.3 billion cash and up to $800 million of Alibaba preferred shares. After paying taxes, Yahoo expects to get about $4.2 billion. Most of the cash is expected to go to shareholders.

June 18: Yahoo says Michael Barrett, a former colleague of its interim CEO, will run Yahoo’s advertising sales team as chief revenue officer.

July 6: Yahoo and Facebook agree to settle a patent dispute, averting a potentially lengthy legal battle. They also agree to an advertising alliance that could help Yahoo recover some of the revenue lost as marketers shift spending to a larger, more engaged audience at Facebook. Hulu discloses that its CEO, Jason Kilar, has decided not to pursue the top job at Yahoo, leaving Levinsohn as the lead candidate to be permanent CEO.

July 12: Thompson faces angry investors at annual shareholders meeting. Responding to skeptical questioning, Levinsohn talks like someone who expected to be running Yahoo for more than just a few months.

July 16: Yahoo names longtime Google executive Marissa Mayer as its next CEO.

Monday: Yahoo announces Levinsohn is leaving the company.

© 2012 AP DIGITAL
This story is sourced direct from an overseas news agency as an additional service to readers. Spelling follows North American usage, along with foreign currency and measurement units.

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Correction: Earns-Oppenheimer story

NEW YORK (AP) — In a story July 27 about Oppenheimer Holdings Inc.’s quarterly earnings, The Associated Press erroneously mentioned Oppenheimer Funds.

Oppenheimer Funds is not part of Oppenheimer Holdings. It is majority-owned by Massachusetts Mutual Life Insurance Company (MassMutual) and is a member of the MassMutual Financial Group, according to its website.

A corrected version of the story is below:

Oppenheimer turns 2Q profit as costs fall

Oppenheimer Holdings posts second-quarter profit as employee expenses and other costs drop

The Associated Press

NEW YORK (AP) — Oppenheimer Holdings returned to a profit in the second quarter as compensation and other costs fell. The results sent the company’s shares up 7 percent Friday.

The New York fund manager and investment bank reported net income of $2.4 million, or 18 cents per share, in the three months through June. In the same quarter of last year, the company reported a loss of $309,000, or 2 cents per share.

Employee pay and similar expenses dropped 6 percent to $150.9 million. A variety of other costs for equipment, interest payments and technology also dropped.

Revenue in the second quarter fell 5 percent to $233 million. The biggest hit came from a 26 percent decline in investment banking revenue.

Albert Lowenthal, the company’s chairman and CEO, pointed to a host of problems for investors. The European debt crisis and slower growth in China as well as in the U.S. acted as a drag on Oppenheimer’s revenue, he said.

Total assets under management were $81.8 billion as of June 30, up from $73.9 billion the year before.

Shares of Oppenheimer Holdings Inc. rose 97 cents to end the day at $14.54. The stock is down 9.7 percent so far this year.

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