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U.S. prosecutors asked a federal judge to seal the courtroom for part of the upcoming criminal trial of a former Goldman Sachs Group Inc. computer programmer, an effort to protect the secrecy of the bank’s high-frequency trading platform.
Prosecutors said in a court filing that there is a “compelling interest in favor of privacy” for Goldman in the trial of the former employee, Sergey Aleynikov. Get the full story »
Verizon Communications Inc. Chief Financial Officer John Killian compared the wireless arm’s lead in profitability to Tiger Wood’s dominance on the golf course.
“We will maintain the Tiger Woods position on top of the world in terms of profitability,” Killian told analysts during an investor conference on Wednesday.
In reference to Woods’ recent struggles, Killian said that people keep wanting to chip away at the star athlete, much like critics are attempting to chip away at Verizon Wireless’s lead in profitability. Instead, the business is widening its lead, he said. Get the full story »
A piece of flexed Gorilla glass, an ultra-strong glass that has been looking for a purpose since its invention in 1962. (AP/Corning)
An ultra-strong glass that has been looking for a purpose since its invention in 1962 is poised to become a multibillion-dollar bonanza for Corning Inc.
The 159-year-old glass pioneer is ramping up production of what it calls Gorilla glass, expecting it to be the hot new face of touch-screen tablets and high-end TVs.
It picked up its first customer in 2008 and has quickly become a $170 million a year business as a protective layer over the screens of 40 million-plus cell phones and other mobile devices. Get the full story »
