Quinn moves up at FalconStor
FalconStor Software Inc., a computer data storage company based in Melville, has named Gary Quinn executive vice president and chief operating officer. Quinn, 52, will oversee FalconStor's global support operations, including sales and marketing and product support. He was previously the company's vice president of sales and marketing. Quinn joined FalconStor last year and previously spent more than 20 years at CA Technologies of Islandia. "In the past year, Gary has demonstrated his executive leadership and operational skills to enhance sales and marketing in North America, establishing new best practices and empowering his team to work smarter," FalconStor president and chief executive Jim McNiel said.-- Joe Ryan
Cablevision, AMC split $700M
Cablevision Systems Corp. of Bethpage and former subsidiary AMC Networks Inc. reached an agreement for dividing a $700-million legal settlement the companies won last year from Dish Network Corp. Cablevision will receive $525 million from the breach-of-contract dispute, according to a document filed Monday by AMC with the U.S. Securities and Exchange Commission. AMC, based in Manhattan, will keep $175 million. The settlement stems from a 2008 lawsuit filed by Cablevision's former unit, Voom HD, accusing a Dish affiliate, EchoStar Corp., of breaking a 15-year agreement to broadcast high-definition channels over its satellite network. Cablevision, which owns Newsday, said it lost $2.4 billion in revenue when the deal collapsed. The case went to trial in Manhattan in September. The companies agreed to settle after four weeks of testimony. -- Joe Ryan
Virgin satisfies in airline poll
Virgin America did the best job for its customers among leading U.S. airlines last year, a report said Monday, as carriers overall had their second-best performance in the more than two decades since researchers began measuring quality of service. The report ranked the 14 largest U.S. airlines based on on-time arrivals, mishandled bags, consumer complaints and passengers who bought tickets but were turned away because flights were overbooked. Besides being the overall leader, Virgin America, headquartered in Burlingame, Calif., also did the best job on baggage handling. United Airlines, whose consumer complaint rate nearly doubled last year, had the worst performance. United merged with Continental Airlines but has hit rough spots in integrating the operations of the carriers.
White confirmed as SEC boss
The U.S. Senate on Monday confirmed Mary Jo White's nomination as chairman of the Securities and Exchange Commission, making her the first former prosecutor to lead the federal agency that oversees Wall Street. Critics have complained the SEC has failed to act aggressively to charge top executives at the biggest U.S. banks who may have contributed to the crisis that set off the Great Recession. White, who was U.S. attorney in Manhattan from 1993 to 2002, has said she would aggressively pursue enforcement and hold accountable "all wrongdoers -- individual and institutional, of whatever position or size."
Internet namer opens China site
The agency that oversees Internet domain names says it will open a satellite office in China, home of the world's largest Internet population. Monday's announcement comes as the Internet Corporation for Assigned Names and Numbers meets in Beijing this week. ICANN, headquartered in Los Angeles, plans hubs in Singapore and Istanbul by mid-2013. ICANN has tentatively approved nearly 100 new domain name suffixes, including several using Chinese characters.-- AP