Friday headlines include: Time Warner working to boost HBO, Apple scheduling a launch event of new iPads, General Motors planning a new high-end Cadillac, Oracles CEO Larry Ellison stepping down, Goldman Sachs being investigated by the SEC for giving perks to Libyan officials.
Television content giant Time Warner (TWX) plans a massive marketing push for its HBO channel later this year. The company will advertise HBO on broadcast, cable and digital platforms in the fourth quarter. The company is also planning to upgrade the HBO Go mobile app and provide easier access to HBO content to broadband internet users who don't want to buy a premium cable television package.
Fresh from the launch of the new iPhone, consumer electronics giant Apple (AAPL) plans to launch a new iPad along with a new operating system for its Mac computers on Oct. 21.
Automaker General Motors (GM) is planning to launch a “top-end, high-technology car” by the end of 2015 as part of plan to boost sales of its Cadillac unit. The new model will be in addition to the current CTS and XTS product lines, and will be positioned “above” those vehicles.
The founder of tech giant Oracle Corp. (ORCL) is stepping down as the company's CEO. Ellison will be replaced by Safra Catz and Mark Hurd, who will serve as co-CEOs. Ellison will remain executive chairman and chief technology officer.
The Securities and Exchange Commission is looking into perks Goldman Sachs (GS) may have given to officials from Libya's sovereign wealth fund. The perks include an internship for the brother of a former official at the fund. The Libyan Investment Authority has accused Goldman of exploiting its trust in encouraging it to make more than $1 billion in trades that ended up worthless.