Wall St. Brief: Apple Wants to REVOLUTIONIZE TV, Yahoo Searches for COO

Now that Yahoo (NASDAQ:YHOO) has their number one firmly in place with CEO Marissa Mayer, it’s time to begin a COO search as her number two, reported All Things D. It has already started after “several Silicon Valley executives and others outside of tech” have been contacted. Yahoo is supposedly interested in “someone with a focus on restructuring and also finance,” as a complement to Mayer’s product development strength.

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Apple (NASDAQ:AAPL) wants its TV set-top box users to have the opportunity to enjoy shows any time they want along with watching live TV, reported the Wall Street Journal. One option is a cloud-based service, which could automatically store the programs, but this feature would require new Hollywood content-licensing deals.

AMR (AAMRQ.PK) will try for a second time to persuade a bankruptcy judge to allow it to negate its pilots’ labor contract; they rejected a revised deal last week. The APFA flight attendants union supports a modified agreement and said the judge has issued “blistering indictment of the labor unions;” they are concerned he’ll allow AMR to set new conditions.

Chevron (NYSE:CVX) has appealed an injunction that had stopped the company and Transocean (NYSE:RIG) from conducting business in Brazil until there’s a trial of the companies and some of their executives for last November’s oil spill northeast of Rio de Janeiro. Chevron also wants begin drilling at that field again; it has been shut down since March.

Brocade (NASDAQ:BRCD) CEO Michael Klayko has resigned after a seven-year tenure after attempts to sell the company have failed. The news came when Brocade announced its fiscal quarter three results. Its net profit increased to $43.3 million from $1.94 million in the previous year. Earnings per share of $0.14 and the 10 percent revenue increase to $555 million beat estimates.

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