SoftBank Paid $135 Million for Former Google Executive Arora

Japan’s telecom carrier SoftBank paid vice president and ex-Google executive Nikesh Arora a whopping $135 million in the year to March, reports said Saturday. The amount included a one-time, sign-on bonus for the Indian-born 47-year-old, according to the Nikkei business daily and the Asahi Shimbun. Arora gave up his high-profile post at the Internet search giant to join the Japanese ... Read More »

Ericsson to Grow Outside Traditional Base With Direct Sales, Partners

Telecoms gear maker Ericsson’s goal of rapid sales growth to firms outside its traditional customer base will require a mix of direct sales and, eventually, partners to help winning new clients, the company and analysts said. The world’s biggest supplier of mobile network equipment, which 20 years ago had fixed-line products as its main revenue generator, is adapting to the ... Read More »

Swiss IT Services Firm Temenos Hiring More Techies in India

Leading Swiss IT services provider Temenos AG is ramping up headcount in India to expand its development centres in Chennai and Bengaluru, a senior company official said on Wednesday.”We will hire 700 more techies over the next three years to take our headcount to 2,500 from 1,800 presently, making our India operations largest worldwide,” Temenos regional director S.P. Jayanthan told ... Read More »

Purported ECB warning raises Greek tensions

      The European Central Bank told a meeting of euro zone finance ministers on Thursday that it was not sure if Greek banks, which have been suffering large daily deposit outflows, would be able to open on Monday, Reuters reported. Officials with knowledge of the discussions, which took place at a closed-door meeting of the euro zone finance ... Read More »

Regents’ finance panel recommends minimal Tennessee tuition hikes

    The finance committee of the Tennessee Board of Regents on Thursday recommended tuition increases at the state’s colleges and universities that are among the lowest on average in nearly 20 years. The committee recommended an increase of 3.4 percent at its 13 community colleges, up to 3.9 percent at its six universities and 4 percent at its 27 ... Read More »

BillGuard goes freemium and adds identity theft protection to its finance-monitoring app

    BillGuard, the crowdsourced security system for personal finance, has announced it’s going freemium as it launches a new identity theft protection service for mobile. The New York-based startup has built a solid reputation in the personal finance realm over the past few years with an app that lets consumers track their card transactions and receive alerts for billing ... Read More »

Finance News Update, what you need to know

      THE Australian market looks set to open higher, after Wall Street stocks rose one per cent overnight. At 0704 AEST on Friday, the September share price index futures contract was up 39 points at 5,505.And The Australian dollar has hit the US 80 cent mark buoyed by greenback weakness as fallout continues from the US Federal Reserve ... Read More »

Developed nations urged to end bias towards debt-based finance

  The Organisation for Economic Cooperation and Development has called for developed countries to end their bias in favour of debt-based finance which it claims hinders economic growth. In a report showing that excessive debt was bad for economic growth, the Paris-based international organisation found that the growth of equity finance boosts economic performance in contrast to the harmful effects ... Read More »

RIVERSIDE COUNTY: Finance chief to retire in September

    Riverside County’s budget guru is retiring and will be replaced by a former finance director who served as treasurer/tax collector. Ed Corser’s last day will be Sept. 10, the county announced in a news release Thursday, June 18. He has served as finance director since February 2010. Corser previously held the job from January 1998 to May 2004. ... Read More »

6 personal finance hacks to maximise your savings

    Try out these six personal finance hacks next time you’re designing a spending or savings plan. 1. Sign up for some membership services…you’ll save in the long run Turned off by yearly membership services that you’re not sure you’ll use enough to break even? Sometimes, your reticence is well-placed (think: The annual amusement park membership your kids pressured ... Read More »