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April 3, 2012 | Michael Hiltzik
Few institutions revel in the reputation of being a dinosaur like Georgia's Augusta National Golf Club, host of the Masters Tournament. Augusta has never admitted a woman to membership and has even tried to portray its adamantine stance as a virtue: When activist Martha Burk launched a public challenge to its males-only membership policy in 2002, the club's then-chairman, Hootie Johnson, won plaudits (in some quarters) for declaring that although the club might admit women at some time in the future, it would not make a decision "at the point of a bayonet.
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BUSINESS
March 31, 2012 | By Michael Hiltzik
Few institutions revel in the reputation of being a dinosaur like Augusta National Golf Club, host of the Masters Tournament . Augusta has never admitted a woman to membership, and has even tried to portray its adamantine stance as a virtue: When activist Martha Burk launched a public challenge to its males-only membership policy in 2002, then-Chairman Hootie Johnson declared that the club would admit women at some time in the future, but...
CALIFORNIA | LOCAL
March 28, 2012 | Bloomberg News
Edson Spencer, who as head of Honeywell Inc. first battled IBM's dominance of the computer market in the 1980s, then gave in and focused his company on automation and aerospace technology, has died. He was 85. He died Sunday at his home in Wayzata, Minn., after battling progressive supranuclear palsy, a neurodegenerative brain disease, his family said. In his 34-year career at Honeywell — known as Honeywell International Inc. since its acquisition in 1999 by AlliedSignal Inc. — Spencer rose from an aeronautical engineer to the company's chief executive from 1974 to 1987.
NEWS
February 9, 2012
LOS ANGELES: Social media users are weighing in with their Oscar® picks and pans, according to the University of Southern California Annenberg Innovation Lab, IBM (NYSE: IBM), and the Los Angeles Times who are measuring social media sentiment related to the 84 th Academy Awards. The project relies on new sophisticated analytics and natural language recognition technologies to gauge positive and negative opinions shared in millions of public tweets. Focused on the Best Actor, Best Actress and Best Picture categories, the goal is to establish a model for measuring the volume and tone of worldwide Twitter sentiment to better understand movie goers' opinions.
BUSINESS
December 17, 2011 | Ricardo Lopez
IBM's Watson supercomputer may be best known for handily beating "Jeopardy!" game show champs. Now it's being harnessed to help doctors at Cedars-Sinai's cancer clinic in Los Angeles stay up-to-date on medical breakthroughs and treatments. Doctors at the Samuel Oschin Comprehensive Cancer Institute will be the first to use the technology, IBM said, and they will help the computer company make tweaks to the system -- the first commercial application of the computer since its "Jeopardy!"
BUSINESS
November 30, 2011 | By Nathan Olivarez-Giles, Los Angeles Times
Cyber Monday deals attracted a record number of online shoppers, leading to a 33% jump in U.S. sales compared with the Monday after Thanksgiving last year, according to an IBM report. Consumers spent an average of 2.6% more this year on Cyber Monday than on the same day in 2010, with the average value of an online order rising from $193.24 to a record $198.26, according to IBM's fourth annual Cyber Monday Benchmark study. The number of Cyber Monday shoppers who made purchases on their smartphones and tablets also increased, the study said.
CALIFORNIA | LOCAL
November 7, 2011
John Randolph Hearst Jr. Grandson and heir of William Randolph Hearst John Randolph Hearst Jr., 77, a grandson of media titan William Randolph Hearst and heir to the family fortune, died Friday in New York, Hearst Corp. said in a statement. The cause was not disclosed. Nicknamed "Bunky," Hearst spent most of his career at the company his grandfather founded. Besides serving on the board, he was a trustee of the Hearst Family Trust and a director of the Hearst Foundations.
BUSINESS
October 25, 2011 | Times wire services
IBM Corp. has unexpectedly changed CEOs. That ends speculation that Sam Palmisano, who turned 60 this year, would stay on past the traditional age of retirement for the technology company's captains. Palmisano, who has been chief executive for nearly a decade and is staying on as chairman, is being replaced by IBM's first female CEO, Virginia "Ginni" Rometty. She is in charge of IBM's sales and marketing and has long been whispered about by industry watchers as Palmisano's likely heir.
BUSINESS
September 13, 2011 | By Duke Helfand, Los Angeles Times
Instant diagnosis? That's the idea behind a new partnership between insurance giant WellPoint Inc. and IBM Corp. WellPoint, the nation's largest health insurer by membership, is tapping IBM's Watson supercomputer to diagnose medical illnesses and, within seconds, recommend treatment options for patients. The new system will debut at several cancer centers early next year. Executives at the two companies say that Watson, best known for defeating "Jeopardy!" quiz champs on the popular television show earlier this year, can sift through millions of pages of data and offer diagnoses to doctors virtually on the spot.
BUSINESS
July 30, 2011 | By Jessica Guynn, Los Angeles Times
Google Inc. has purchased more than 1,000 patents from IBM to defend itself from an onslaught of patent litigation. The Internet search giant is taking part in what has become an arms race for patents. Its anemic intellectual property portfolio has made it vulnerable to legal assault, said technology patent valuation specialist Alexander Poltorak, chief executive of General Patent Corp. Google has more than 700 patents, mostly for search engine technology. Most of its competitors, particularly in the mobile industry, lay claim to thousands.
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