Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/303410598?client_source=feed&format=rss
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Friday, May 3, 2013
Obama to tap Pritzker, Froman for economic jobs
WASHINGTON (AP) ? President Barack Obama on Thursday will nominate a longtime fundraiser to run the Commerce Department and a top economic adviser as the next U.S. Trade Representative, a White House official said.
Commerce nominee Penny Pritzker, a businesswoman, philanthropist and Hyatt hotel heiress, is Obama's final pick to fill vacancies among Cabinet secretaries in his second term. The Commerce post has been vacant since last summer, when former Secretary John Bryson resigned after he said he suffered a seizure that led to a series of traffic collisions.
USTR nominee Michael Froman is one of Obama's senior economic advisers and a former Citigroup executive. The Cabinet-level post performs as the administration's top adviser and negotiator on international trade. If confirmed by the Senate, Froman would replace Ron Kirk, a former Dallas mayor who stepped down as trade representative in February after serving in the post for all of Obama's first term.
Obama will announce both nominations from the White House Thursday morning before departing for Mexico. The White House official insisted on anonymity in order to discuss the nominations ahead of Obama.
If confirmed, Pritzker would become the fourth woman serving as secretary in Obama's current Cabinet. She also would be the wealthiest in the Cabinet by far, with Forbes estimating her net worth at $1.85 billion and ranking her as the 277th richest American.
Pritzker is a lifelong Chicagoan who has known Obama since the 1990s and raised hundreds of thousands of dollars for both his presidential campaigns. She was his finance chairwoman in 2008, served as co-chair of Obama for America 2012 and gave $250,000 to help put on his inaugural festivities in January.
Obama has called her a fearless leader for his candidacy "who never wavered, never waffled and cracked the whip with grace and good cheer."
Obama selected her for his 16-member Presidential Economic Recovery Advisory Board in 2009. When that board expired, Obama included her in his 26-member Council on Jobs and Competitiveness.
Pritzker has led several companies and currently serves as chair of investment firms Pritzker Realty Group and Artemis Real Estate Partners. She's also on the board of the Hyatt Hotels Corp., the chain co-founded by her father.
She's donated generously to education and the arts and resigned from the Chicago Board of Education in March as she was being vetted for the Commerce nomination.
Froman, Obama's deputy national security adviser for international economic affairs, is steeped in the issues confronting the trade representative.
He has been Obama's main representative at international economic summits such as the meetings of the Group of Eight and Group of 20. He is responsible for coordinating White House policy on international trade, investments, energy, climate and development.
Froman served during President Bill Clinton's administration as chief of staff to Treasury Secretary Robert E. Rubin. He also worked as deputy assistant secretary for Eurasia and the Middle East and did a White House stint similar to his current job under Obama.
Before joining the Obama economic and national security teams he worked in various capacities at Citigroup, including managing partner of the Wall Street bank. He also has been a senior fellow at the Council of Foreign Relations and a resident fellow at the German Marshall Fund.
Among the top ongoing trade issues are negotiations over the Trans-Pacific partnership, an Asia-Pacific trading bloc that is key to Obama's efforts to boost exports to Asia. Members include the U.S., Australia, Canada, Malaysia, Mexico, Vietnam, Chile, New Zealand, Brunei, Singapore and Peru. Last month, the U.S. approved Japan's entry into negotiations on the trading bloc.
___
Associated Press writer Nedra Pickler contributed to this report.
Source: http://news.yahoo.com/obama-tap-pritzker-froman-economic-jobs-103933479.html
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Intel taps COO Krzanich as chipmaker's next CEO
FILE - In this Wednesday, March 28, 2007, file photo, Intel Corp. Vice President and General Manager of Assembly and Test Brian Krzanich makes his speech at the start of construction ceremony of the Assembly and Test Facility of Intel's chipset products at Saigon High Tech Park, Ho Chi Minh city, South Vietnam. Intel said Thursday, May 2, 2013, that it has chosen Krzanich, as its new CEO to steer the world's largest chipmaker in a world where PC sales are cratering while smartphones and tablets thrive. (AP Photo/Le Quang Nhat)
FILE - In this Wednesday, March 28, 2007, file photo, Intel Corp. Vice President and General Manager of Assembly and Test Brian Krzanich makes his speech at the start of construction ceremony of the Assembly and Test Facility of Intel's chipset products at Saigon High Tech Park, Ho Chi Minh city, South Vietnam. Intel said Thursday, May 2, 2013, that it has chosen Krzanich, as its new CEO to steer the world's largest chipmaker in a world where PC sales are cratering while smartphones and tablets thrive. (AP Photo/Le Quang Nhat)
FILE - In this Tuesday, Sept. 13, 2011.Intel CEO Paul Otellini, holds up a Google Android phone running on an Intel chip during the keynote address at the Intel Developer Forum in San Francisco. Intel said Thursday, May 2, 2013, that it has chosen Brian Krzanich, as its new CEO. Krzanich, who is 52, will replace Otellini on May 16, at the company's annual meeting. Otellini had announced his decision to resign in November. Otellini, 62, will be ending a nearly 40-year career with Intel, including an eight-year stint as CEO by the time he leaves. (AP Photo/Paul Sakuma)
NEW YORK (AP) ? Intel's chief operating officer, Brian Krzanich, will become its next CEO in two weeks, tasked with steering the world's largest chipmaker through an industry shake-up that is seeing tablets and smartphones overshadow Intel's base in personal computers.
Intel, one of the pillars of Silicon Valley, announced Thursday that Krzanich, who is 52, will replace Paul Otellini on May 16. Otellini, 62, announced his decision to resign six months ago and will end a nearly 40-year career with Intel, including eight years as CEO.
Intel processors are the brains behind four out of every five PCs, but the company has been scrambling as PC sales plummet and people spend money instead on smartphones and tablet computers. Those mobile devices need processors that use less battery power, a technology Intel has only just mastered.
In an interview, Krzanich said he will tackle the challenge of declining PC sales by relying on the assets that Intel is built on: its engineering prowess and enormous, billion-dollar chip factories, based on technologies that are years ahead of its competitors.
"Those assets will be focused more and more toward the ultra-mobility space ... tablets and phones," Krzanich told The Associated Press. "These are areas that we need to build a presence in, and we have the assets to bring to bear on it. And those are the same assets that have made us so successful in the past."
The appointment was not surprising. The chief operating officer job is the traditional stepping-stone to the CEO post at Intel. Both Otellini and his predecessor, Craig Barrett, held that job before becoming CEO.
Krzanich isn't inheriting Otellini's title of president. It will go instead to software chief Renee James, 48, creating a two-person "executive office" at the head of the company. James had been another candidate for the CEO post, along with Stacy Smith, chief financial officer and director of corporate strategy.
Krzanich said the division of labor was his choice. He said he and James put together the strategy for getting into mobile chips, and when the board picked him as CEO, he requested that James become his second-in-command.
"The best way to go implement (the strategy) quickly is to have two people in the leadership team going forward so you can work twice as fast," Krzanich said.
Patrick Moorhead, an analyst with Moor Insights & Strategy, said James' promotion is a reflection of the importance of software at Intel today. Of the employees needed to create a new smartphone chip, 60 percent to 70 percent will be working on the software the chip needs to work and communicate with the rest of the phone, he said.
After graduating from college with a chemistry degree, Krzanich started at Intel Corp. in 1982 as a process engineer in New Mexico. He worked his way up through the manufacturing side of the business to become COO in January 2012.
Krzanich will be Intel's sixth CEO since its founding 45 years ago. The relatively slow turnover reflects Intel's success and its foundation as an operator of billion-dollar factories that take years to pay off. Krzanich comes out of a manufacturing organization where meticulous attention is required to churn out processors with billions of minute details.
Analyst Doug Freedman at RBC Capital Markets said Krzanich is a safe, consensus pick for the CEO post, one unlikely to attempt a significant strategy change.
"We view Mr. Krzanich as very much focused on delivery of results over image or perception," Freedman said.
Intel started out mainly as a maker of memory chips, but vaulted into the global limelight with the launch of IBM Corp.'s first PC in 1981. Intel supplied the central processor for that PC and has managed to maintain its position as the dominant supplier in the market, despite many challengers.
Now, however, PCs are losing their appeal, and the company is scrambling get into the market for chips for smartphones and tablet computers. That market has no equivalent of Intel as a dominant supplier. Instead, a bevy of companies create chip designs based on underlying blueprints supplied by ARM Holdings PLC of Britain, then contract with Asian chip factories to have them made.
ARM's blueprints were created with battery-powered devices in mind and have had a big advantage over Intel chips when it comes to prolonging battery life. Intel's chips were originally designed for machines that were plugged into a wall. Only recently have they matched the low power consumption of ARM chips.
But ARM chips are entrenched as the choice for iPhones, iPads and Android phones and are already undercutting Intel's financial performance and standing among investors. Last year, both Intel's earnings and stock price fell by 15 percent from 2011.
Intel still expects its sales to grow this year, propped up by sales of chips to business PCs and servers. It's also counting on a new generation of power-sipping processors to boost Intel's presence in tablets.
Moorhead said phone makers won't be able to ignore Intel once it introduces a new chip manufacturing process next year, which should give it a substantial advantage in the power and price of its chips. That could mean that phone makers would start buying Intel's chips, or have chips of their own designs made to order by Intel.
Otellini's November announcement to retire early came as a surprise. The board had expected Otellini to remain CEO until he turns 65 in 2015.
Otellini joined the Santa Clara, Calif., company after graduating from nearby University of California at Berkeley. He worked his way up the ranks before succeeding Barrett as CEO in May 2005.
Intel's board wasn't entirely satisfied with Otellini's performance last year. To reflect its disappointment, the board's compensation committee trimmed the cash portion of Otellini's incentive pay by 19 percent from the previous year to $5.23 million. But his overall pay package, including stock awards, grew 10 percent to $18.9 billion, and the board said it wanted to keep him.
Intel said Krzanich will have an annual salary of $1 million and could get a $2.5 million cash bonus. In addition, he's getting stock and options worth $6.5 million, for a total possible 2013 compensation of $10 million.
James is a 25-year veteran of Intel and has led the company's expansion into providing software for a variety of applications, including smartphones. She was also in charge of dealing with software companies like Microsoft Corp.
Intel's stock rose 11 cents, or less than 1 percent, to $24.10 in afternoon trading Thursday.
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HTC One, Samsung Galaxy S 4, or LG Optimus G—Which Android Is For You?
Build Quality: Sleek, almost seamless aluminum frame with comfortable arced back.
1st place
Screen: 4.7-inch; LCD. With the highest pixel density in the businessm the HTC is crisp and beautiful.
2nd place
Camera: HTC's sensor uses UltraPixels, which are larger and capture more light. Great for nighttime shots, but daytime shots are oversaturated and low-res.
3rd place
Bells & Whistles: Front-facing speakers are the best we've heard on a phone. Built-in infrared remonte control. BlinkFeed home page collects Facebook, Twitter, and news into infinite scroll.
2nd place
Performance: Quad-core 1.7GHz processor, 2GB RAM, fast enough for gaming, video, or anything else you can throw at it.
2nd place
Overall: Best-looking phone since the iPhone?a true pleasure to use. The interface is attractive, but clunky and confusing. Camera philosophy is interesting, but photos are disappointing.
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Music News Headlines - Yahoo! News
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Thursday, May 2, 2013
Microsoft?s Switch to Windows Phone Android app released on Google Play Store, bombarded by Android fans
It?s hard to tell if Microsoft is being genuine with their latest release to the Google Play Store this evening. ?Switch to Windows Phone? just went live moments ago and it?s an Android app that looks to ?help? users looking to make the switch to Windows Phone an easy one by locating apps (or similar apps) on WP8.
Given Google?s very open policy about app submissions in the Play Store, Microsoft is seemingly taking full advantage of this to stick it to Google on their home turf. Feels more like a low-blow to me. Unsurprisingly, the app is already getting pounded by Android fans who are keen to what Microsoft is up to. If you guys want to give it a download and see for yourself if Windows Phone 8 would make a good switch, it?s doubtful but I?ve provided the link for you anyway.
[Switch to Windows Phone on Google Play]
Source: http://phandroid.com/2013/04/30/switch-to-windows-phone-android-app/
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