DivX, Inc. (DIVX) revealed the resignation of Markus Moenig as Senior Vice President and Chief Technology Officer, effective December 1, 2008, in order to return overseas and explore new entrepreneurial opportunities. Following DivX's acquisition of MainConcept, Moenig's primary focus has been to integrate the H.264 digital video technology into the core DivX product line, which has culminated in the soon to be released DivX 7. Jim Reesman, Vice President of Engineering, would lead DivX's global engineering organization.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.