Bank of America (NYSE:BAC) chief Brian Moynihan has called a meeting of over 100 regional officers for a pep talk on moving more product and raising revenue. Managers at the two-day event in Chicago will be judged on how much progress they’ve made in helping to sell more products to the 53 million customers of the second-biggest U.S. lender, sources said. “We’re now at the point with Bank of America when it’s about boots on the ground rather than the latest lawsuit,” said Nancy Bush, an analyst at SNL Financial. In the past she noted, the lender was “notably lousy” at cross-selling.
House of Cards, the first original content attempt from Netflix (NASDAQ:NFLX), has been given a nod as a favorite for an Emmy award, showing that in addition to having a great business model, Netflix also has some serious production chops. Its nomination shows a turning point in the industry, as it would be the first digital-only production to be honored at the awards. While it is currently available on Netflix only, a Blu-Ray edition will likely be made available to the public in June.
Cisco Systems’ (NASDAQ:CSCO) acquisition of Ubiquisys, a small cell base station vendor, has raised some eyebrows and put the company in the line of fire from rivals Alcatel-Lucent (NYSE:ALU) and Ericsson (NASDAQ:ERIC). The communications tech company has insisted that it has no intention of breaking into the base station market, but the recent purchase would hint otherwise. The combination of Ubiquisys’ 3G/4G small cell solutions and Cisco’s Wi-Fi hardware should eventually give it an end-to-end offering to take on market leader Alcatel-Lucent’s lightRadio line.
Time is running out on the six year relationship between Nokia (NYSE:NOK) and Siemens (NYSE:SI), and with only days remaining in the agreement, representatives got together from both sides and hashed out what the future for the joint venture would look like. According to the new agreement, both partners have the freedom to do as they please with their respective stakes in the company without the danger of being vetoed by the other party, Forbes reported. Siemens is likely looking to reduce its stake in the venture, but Nokia’s situation is a little more complex, as the venture was Nokia’s only bright spot in its business.