Sony has announced it's getting a new CEO. Welsh-born Howard Stringer, Sony's first non-Japanese leader, will be replaced by Japanese-born Kazuo Hirai. Stringer has long urged the company to have Hirai succeed him. Sony is struggling with falling sales, especially in its TV division, and a rising Yen.
Can the emotional tone of CEO voices during earnings calls tell investors about what's really happening inside a company? New research suggests there may be valuable information for investors in the tone of the CEO's voice.
Mark Pincus' company is the maker of FarmVille and other games played on Facebook. He's worth $1.3 billion, and he may see that number grow if he meets his goal: to expand the universe of digital game players from sci-fi geeks to soccer moms and their kids.
The recession has been particularly cruel in Nevada. The state has the nation's highest unemployment rate and highest foreclosure rate. That's made the state's budget situation difficult, to say the least. Now Nevada hopes to broaden its tax base beyond the mainstays of tourism and gambling.
President Obama is trying again to revive the nation's housing market. Past efforts have come up short, and this one faces long odds in Congress. On Wednesday, he outlined a program designed to make it easier for homeowners to refinance into cheaper mortgages.
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