Wearing a different hat. After a seven-month search that felt a lot longer, Intel settled on a new CEO: former CFO and interim CEO Bob Swan. The seventh CEO in the chipmaker’s five decade history, Swan is an outsider and a finance specialist at a company that has previously relied on deep insiders. Swan, growing up as a kid from upstate New York, spent the first 15 years of his career rising through the ranks at GE. Let’s hope Intel doesn’t end up where GE is today.
Takes money to make money. On Wall Street, Amazon had great fourth quarter results but signaled it would spend more this year on warehouses and other infrastructure and warned of problems in India. That sent its stock price, up 20% over the past year, down 4% in premarket trading on Friday. In the fourth quarter, Amazon’s sales rose 20% to $72.4 billion and profit of $6.04 per share was up 61%. Nintendo reported its revenue jumped 26% to $5.6 billion and profit increased 25% to $956 million last quarter. But it lowered expectations for 2019 sales of its Switch handheld game player to 17 million from 20 million.
Crunched. Cybersecurity researchers at Palo Alto Networks found a new exploit hackers could use secretly mine digital currencies on target computers–and also steal passwords and other data. Dubbed CookieMiner, the attack affects Apple’s Mac line of computers. “There is this fallacy that Macs can’t be compromised,” Jen Miller-Osborn, a deputy director of threat intelligence, tells Fortune.
Back in play. The imbroglio over misuse of Apple’s developer app platform widened on Thursday. After banning Facebook, Apple also withdrew Google’s ability to use the channel meant to distribute apps to a company’s own employees. But by the end of the day on Thursday, Apple restored the rights. Both digital ad giants were using the platform to distribute to regular users special apps that likely didn’t meet Apple’s regular app store privacy rules.
Hoofing it. Heading top Barcelona in a few weeks, as I am, for the Mobile World Congress? A foolish rule imposed by the regional Catalan government there at the behest of taxi drivers has just prompted Uber to suspend service in the city. The rule mandates at least a 15-minute delay between a passenger booking a ride and being picked up. Back in America, Lyft and Juno filed a lawsuit challenging New York City’s first-in-the-nation minimum wage for ride-sharing drivers (set at $17.22 per hour after expenses).
Throttled by the law. Supporters of the 2015 net neutrality rules repealed by the Trump administration’s FCC get their day in court today. A three judge panel of the D.C. Court of Appeals hears arguments in the case, Mozilla Corp. v. FCC. You can listen in to the expected three hour debate starting at 9:30 a.m. ET.
If I told you, I’d have to kill you. Secretive security and data analytics startup Palantir is offering more generous bonuses and cutting the exercise price of employee stock options as it seeks to improve morale and retain top talent heading into an expected initial public offering later this year, Bloomberg reports.