executive

An executive of Goldman Sachs, Fabrice Tourre who was recently charged with misleading investors about risky assets ahead of the US housing market meltdown has said that nobody charged him with fraud, reports AFP. According to Fabrice Tourre he reasonably relied on Goldman Sachs’ institutional process to ensure adequate legal review and disclosure of material information, and cannot be held liable for any alleged failings of that process.

Joanne Bradford, Yahoo Inc's head of North American revenue and market development, leaves the company to join private online content start-up Demand Media. It is the latest departure in a series of resignations that has been taking place since Carol Bartz took the reins in January 2009.

Demand Media stated that Bradford will join the company as its first chief revenue officer to oversee advertising sales and the company's recently launched online content services business.

Bradford leaves the Internet giant as Yahoo is in the midst of a turnaround effort led by Bartz.

Vice chairman and executive director Zhang Chunjiang of China Mobile, one of three major state-owned network operators in China and the largest in the world by mobile subscribers, has been prosecuted by Chinese authorities for suspected "serious personal violations".

China Mobile will watch the situation and make further announcements when appropriate about Chunjiang , as it said in a filing with the Hong Kong stock exchange.

First Data Corporation, a global leader in electronic commerce and payment processing, today announced that two financial services executives have joined the company's Financial Services business segment. 

Kevin Barry has joined the company as general manager of the STAR® Network. Peter J. Korpady has joined the company as senior vice president, national sales and relationship management.

Three former executives at now-bankrupt lender New Century Financial Corp were charged with fraud by U.S. securities regulators on Monday, the latest government effort to pursue wrongdoing in the subprime mortgage market.

The U.S. Securities and Exchange Commission accused the three executives of trying to disguise New Century's rapidly deteriorating performance from investors while releasing weekly internal reports entitled "Storm Watch."

Though the recession is quite deep in the USA, search engine marketing (SEM) is flourishing in the country. 

Thus, over 65% of senior-level SEM executives intend to spend on SEM in 2009 at least as much as they did in 2008, according to the “Search Engine Marketing in 2009” 

13.1% of the SEM executives are to rise spending by more than 20%, while almost 50% responded the economic weather had no influenced their SEM budget.