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Oracle names Gregory Maffei as new CFO

Oracle Corp. on Friday announced former Microsoft executive gregory Maffei as its new chief financial officer.

Snake Creator Receives Special Recognition From Mobile Entertainment Forum

Mr. Taneli Armanto, the creator of the world’s most popular mobile game, Snake, received a special recognition from the Mobile Entertainment Forum (MEF) for his pivotal role in embedding Snake on the Nokia 6100 series of handsets. According to the MEF, Mr. Armanto’s ingenuity and vision have made a significant contribution to the growth of the mobile entertainment industry. Mr. Armanto received the award at MEF’s annual event in London yesterday.

New NASA Chief to Oust 20

New NASA Administrator Michael D. Griffin has decided to replace about 20 senior space agency officials by mid-August in the first stage of a broad agency shake-up. The departures include the two leaders of the human spaceflight program, which is making final preparations to fly the space shuttle for the first time in more than two years.

Nortel President Resigns after Clash with CEO

Nortel Networks Corp., has said that its President and Chief Operating Officer Gary Daichendt has resigned from his post with immediate effect due to differences on business issues with the CEO of the company.

Palm OS has a bright future, says outgoing CEO

Palm OS has a solid presence and a bright future, according to Dr. David Nagel, who recently resigned as CEO of the company. Nagel has had a long and distinguished career in the IT business, including serving in top technologist positions at AT&T and Apple Computer. He was referred to as "one of the great high-integrity guys in the business" by PalmOne CEO Ed Colligan during the opening keynote on May 24 at the PalmSource Mobile Summit and DevCon in San Jose.

Russian Businessman Found Guilty of Fraud, Tax Evasion

A Moscow court is expected to find the former director of Yukos Oil company guilty of charges including fraud and tax evasion.

Ford CEO to forgo pay until company turns around

Ford Motor Company’s top executive said he will forgo all compensation until his family’s company returns to profitability and will ask for future pay to be tied to the company’s performance.