Monday, Ditech Networks, Inc. (DITC), a global supplier of voice processing equipment for telecommunication networks, named Todd Simpson as President and Chief Executive Officer, effectively immediately.The Mountain View, California headquartered company said Simpson came to Ditech through its acquisition of Jasomi Networks, a provider of VoIP session border controllers. Simpson served as President and CEO of Jasomi, establishing the corporation as a thought leader in the industry during his time there. Prior to Jasomi, Todd was CTO of Zi Corporation and founded several successful Canadian high-tech firms. Todd holds a Ph.D. in Computer Science and has obtained several patents.DITC closed Monday's regular trading session at $5.26.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.