BRIEFCASE.Byline: - Staff and Wire Services Eisner ventures into Internet TV (1) Watching TV programs on or from the Internet. There are countless video clips available on Web sites for streaming as well as subscription services that offer TV programs and movies for downloading. Former Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Michael Eisner Michael Dammann Eisner (born March 7, 1942) was CEO of The Walt Disney Company from September 22, 1984 to September 30, 2005. Early life Michael Eisner was born to a wealthy family in Mt. Kisco, New York, and raised on Park Avenue in Manhattan. has made his first investment as a venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. since leaving Disney last year. Eisner's The Tornante Co. is investing in Veoh Networks Inc., a San Diego startup that hopes to create an Internet-based television delivery system. The company announced Monday that it has raised $12.5 million in financing from Eisner, Spark Capital and Time Warner Inc. Eisner's investment was not disclosed. The former Disney executive will take a seat on Veoh's board along with Todd Dagres, managing partner of Spark Capital. Veoh plans to deliver broadcast quality programming, including both short films and more traditional, longer shows, using peer-to-peer technology. The idea is to allow established TV networks as well as individual users to program ``channels'' on the service. Singh named Gemstar VP, CFO See Chief Financial Officer. Gemstar-TV Guide International Gemstar-TV Guide International, Inc. is a media company that licenses interactive program guide technology to multichannel operators, such as cable and satellite television providers, and consumer electronics manufacturers, video recorder scheduling code under brands such as VCR Inc. announced Monday that Bedi A. Singh was named executive vice president and chief financial officer, effective immediately. Singh, who most recently was chief finance and administration officer of Novartis Pharma A.G., will report to Gemstar-TV Guide's chief executive officer. In addition to overseeing all of the financial operations at Gemstar-TV Guide and the company's investor relations Investor relations The process by which the corporation communicates with its investors. activities, Singh will share oversight of the company's information technology group with Gemstar-TV Guide's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . At Novartis Pharma A.G., a health care research and product development company based in Switzerland, Singh oversaw finance, strategic planning, purchasing and IT and also was part of the company's executive committee.From 1999 to 2003, Singh was executive vice president and CFO of Sony Pictures Entertainment, a division of Sony Corp. of America. Before Sony, Singh worked for News Corp. from 1991 to 1999, serving in senior financial roles. Schwab's profit at six-year high SAN FRANCISCO - Charles Schwab Corp.'s quarterly profit surged to its highest level in six years as the stock brokerage continued to win over customers with lower prices and an advertising campaign highlighting the Main Street appeal of the company's namesake founder. The San Francisco-based company said Monday that it earned $243 million, or 19 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , for the first quarter ending in March. That represented a 68 percent increase from net income of $145 million, or 11 cents per share, for the same period last year. Revenue totaled $1.28 billion, a 21 percent increase from $1.06 billion last year. The earnings matched the average estimate among analysts surveyed by Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings . Short-term rates of T-bills hit high WASHINGTON - Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels in more than five years. The Treasury Department auctioned $14 billion in three-month bills at a discount rate of 4.600 percent, up from 4.570 percent last week. An additional $13 billion in six-month bills was auctioned at a discount rate of 4.750 percent, up from 4.700 percent last week. Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, rose to 4.91 percent last week from 4.85 percent the previous week. Wendy's CEO, chairman retires DUBLIN, Ohio - Wendy's International Inc., the nation's third-largest hamburger chain, said Monday that chairman and CEO Jack Schuessler has retired. Schuessler, 55, who joined Wendy's in 1976, spent six years as chief executive. Kerrii B. Anderson, executive vice president and chief financial officer, will take over as interim CEO, the company said. James Pickett, a longtime member of Wendy's board, will serve as chairman. The move comes as Wendy's rolls out new salads and deli sandwiches to help turn around sales, which were hurt in 2005 by the false claim of a woman who said she found part of a finger in a bowl of a chili. |
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