Product Management News
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JPMorgan Chase & Co., the largest U.S. lender, named Barry Sommers chief executive officer of its consumer bank, replacing Ryan McInerney, who’s leaving to become president of Visa Inc.
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BlackBerry is counting on growth in emerging markets such as Brazil and Indonesia with a cheaper smartphone and a plan to expand the popular instant-messaging system that helped drive growth in those countries.
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Google Inc. shares rose to a record after the company unveiled a subscription music-streaming service and overhauled its online maps, part of several product updates aimed at attracting more users and advertisers.
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Hong Kong’s Dim Sum loans will top 100 billion yuan ($16.2 billion) this year after the city’s monetary chief Norman Chan relaxed capital rules, Citigroup Inc. said.
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Accel Partners, the investment firm that made a fortune from an early investment in Facebook Inc., said former Groupon Inc. president and operating chief Rob Solomon is joining as a venture partner.
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Jawbone, the maker of wireless audio and fitness-tracking devices, is buying BodyMedia Inc. for $110 million, according to people with knowledge of the deal’s price.
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BASF SE posted first-quarter profit that beat analyst estimates as better-than-predicted orders for herbicides and fungicides cushioned lower demand for paper and pigment additives at the biggest chemical company.
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Jason Schmitt lost his $90,000-a- year job at an oil rig in 2009. The bank repossessed his Tulsa, Oklahoma home and the former Army combat engineer went bankrupt. Last month, after moving with his family to his Missouri hometown, he got a Veterans Administration mortgage that lets borrowers buy property just two years after a foreclosure.
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Bank of America Corp., the largest U.S. bank by assets, promoted Dee Sawyer to head a unit managing 401(k) offerings in its retirement-services division.
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Turkish government plans to boost pension savings by matching 25 percent of contributions looks set to boost the market for corporate bonds, according to HSBC Holdings Plc.
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