Citi profit rises 30 percent as investment banking grows

A Citi group logo can be seen on an automatic teller machine in Citi Field

(Reuters) - Citigroup Inc (C.N) said on Monday its first-quarter profit jumped 30 percent, a stronger-than-expected increase, as the No. 3 U.S. bank generated more money from underwriting stock issues and advising companies on mergers. Citigroup shares closed 0.2 percent higher after the results, which provided more evidence that a long-awaited turnaround might be under way at the bank six months after its board pushed out Vikram Pandit as chief executive and handed the reins to Michael … [Read more...]

Apple employs 4 of the top 5 highest paid execs in the US

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Four of the top five highest paid executives in the U.S. work at Apple, and none of them are the company's chief executive officer, Tim Cook. Apple's Bob Mansfield, Bruce Sewell, Jeff Williams and Peter Oppenheimer were all among the top corporate earners in 2012, according to U.S. Securities and Exchange Commission data cited by Bloomberg on Monday. Most of their pay came from stock-based compensation rather than base salary. Mansfield was the highest-paid of the group, receiving … [Read more...]

The Brazilian Government Is Doing A Startup Program, Too, And They’re Putting A Call Out For Entries

The Brazilian Government Is Doing A Startup Program, Too, And They’re Putting A Call Out For Entries

Chile’s not the only South American country with a serious startup accelerator program anymore. Brazil’s Ministry of Science, Technology and Innovation said today that it’s willing to invest up to $78 million in 100 local and foreign startups that apply for a new “Start-Up Brasil” program. The idea is to lure both domestic and foreign talent to build tech companies that cater to the Brazilian consumer market and create local jobs. They’re taking entries here. We’re … [Read more...]

Google rivals may be quizzed on antitrust offer this week

Google signage seen at the company's headquarters in New York

(Reuters) - Google's rivals could get the chance to ramp up pressure for tougher concessions from the search giant when they are asked, possibly as early as this week, to study its proposals for ending an EU antitrust investigation. The world's most popular search engine formally submitted a package of concessions to European regulators last week and three people familiar with the matter said on Monday these could be put to rivals this week in a market test. The proposals are … [Read more...]

SendHub, A Google Voice Alternative For Enterprise, Arrives On Android

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SendHub, the Y Combinator-backed call and messaging solution targeting business users and other organizations, is today extending its platform to include support for Android. The company had previously rolled out support for iPhone almost a year ago, promising that an Android option was on the roadmap. The company says that demand for Android support was high – they were averaging around 30 requests per day from users who wanted an Android version of SendHub. Like the iOS … [Read more...]

It Looks Like Kim Jong-Un Is Taking A Step Back From The Brink

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After more than two months of increasingly hostile talk, there are signs that North Korean leader Kim Jong-Un has dialed it back a bit. Last night a Japanese defense official said that North Korea (DPRK) had placed its missile launcher — presumably holding a medium-range Musudan missile — in a raised position. A U.S. official now tells CNN that the rocket has been tucked back into its launcher — which could mean that a launch is less imminent or that DPRK was testing the … [Read more...]

Why everybody is building a Web music service

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Editor's note: Doug Gross covers consumer technology and the Web for CNN.com. Follow him on Twitter and add him to your Circles on Google+. (CNN) -- By the time you read this Twitter may have already announced it's getting into the online-music business. If so, they will have plenty of company -- courtesy of some of the tech world's biggest names. After days of speculation, Twitter on Friday rolled out a Web page for Twitter Music. Of course, it was a page that didn't do anything, … [Read more...]

Startup Founder Ramona Pierson Has Survived Worse Things Than Most People Can Imagine

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Everybody has a story but few are as painful and triumphant as Ramona Pierson's. Pierson is the CEO of a stealth startup, Pierson Labs. She is also, quite possibly, the most inspiring tech founder in the Valley today. And that's saying something. Business Insider recently met with her and her cofounder Nelson González at the startup's Palo Alto headquarters. Pierson is lucky to be alive. She's also lucky to be walking, talking and thinking, much less be leading her second … [Read more...]

Here’s Why Disney Is Cutting Jobs By The Hundreds

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Fanning the flames of the Republican feud with Jay-Z, Florida Senator Marco Rubio chided the rapper Sunday over his recent trip to Cuba with wife Beyonce. “I think Jay-Z needs to get informed," Rubio said during an interview on ABC's "This Week." "One of his heroes is Che Guevara. Che Guevara was a racist. Che Guevara was a racist that wrote extensively about the superiority of white Europeans over people of African descent, so he should inform himself on the guy that he’s propping … [Read more...]

Jomi’s Smart Water Bottle Sleeve-Plus-App Wants To Track & Chart Your Liquid Intake To Make You Drink More

Jomi’s Smart Water Bottle Sleeve-Plus-App Wants To Track & Chart Your Liquid Intake To Make You Drink More

Move over HAPIfork. Estonian startup Jomi Interactive is cooking up a pair of smart devices that will remind people to drink more water. Or at least whatever liquid/poison of choice you put in your water bottle. The aim, says the startup, is to encourage healthy behaviour and counteract the mild dehydration we are all apparently afflicted with. No, not just hungover folk; everyone who fails to glug down the requisite 2.5-3 litres of water per day. Jomi is prototyping a device — or rather … [Read more...]

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