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Showing posts with label Founders. Show all posts
Showing posts with label Founders. Show all posts

Friday, August 26, 2011

RIM rallies on song service, Apple founder's exit (Reuters)

TORONTO (Reuters) – Shares of Research in Motion rose more than 2 percent on Thursday, after the BlackBerry maker unveiled a new cloud-based music service that allows users to share songs with other subscribers.

RIM hopes the feature, which is not available on Apple's ubiquitous iTunes, will help its BBM Music service to compete with iTunes and other established brands.

The stock rose the day after Apple Chief Executive Steve Jobs stepped down, leaving the company to face the future without its founder and visionary. The news sent Apple shares lower.

RIM shares rose as much as 2.8 percent to C$29.04 on Thursday morning, before slipping to C$28.25.

Shares have risen more than 30 percent in the last 14 days, but are still well below a year high of C$69.30 in February.

(Reporting by Julie Gordon)


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Thursday, May 26, 2011

Sean Combs to receive ASCAP Founders Award in June (Reuters)

LOS ANGELES (Billboard) – Sean "Diddy" Combs will receive ASCAP's Founders Award during the performing rights organization's 24th annual Rhythm & Soul Music Awards. The invitation-only ceremony will take place June 24 at the Beverly Hilton Hotel in Los Angeles.

The songwriters and publishers of the most-performed ASCAP songs on the 2010 R&B/hip-hop, rap and gospel charts will also be honored.

Combs joins such previous Founders Award recipients as Dr. Dre, Stevie Wonder, Garth Brooks and Paul McCartney. "To be recognized for my contributions to music by ASCAP is a true honor," said Combs in a statement. "All I wanted to do was make people dance and hopefully inspire others to never settle for anything but their best."

Over the course of his career, Combs has worn many hats. A former A&R executive at Uptown Records who worked with Heavy D and Mary J. Blige, he established Bad Boy Entertainment after leaving Uptown in 1993.

Garnering early success with artists Craig Mack and Notorious B.I.G., Bad Boy later boasted such acts as Faith Evans and 112. As a solo artist, Combs has recorded a string of hits-"I'll Be Missing You," "I Need a Girl" and "Coming Home"-and released six studio albums. His most recent is the Diddy-Dirty Money album "Last Train to Paris."

In addition to being a producer (Mariah Carey, TLC, Boyz II Men), Combs is a fashion designer, businessman and actor. "His success," noted ASCAP president/chairman Paul Williams in a statement, "is a testament to his entrepreneurial spirit, hard work and ingenious ability to add his personal touch to contemporary culture."

Editing by Chris Michaud)


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