Yahoo hedges on the audience base of Tumblr to push Yahoo out of the doldrums. Yahoo! Inc CEO Marissa Mayer is betting the future of the largest US web portal on the success of its acquisition of a six-year old start up firm with little revenue generation systems and a relaxed policy on content created by its users.
Tags: CEO
Marchionne Allays Fears of New Debt for Fiat
Marchionne discounts speculation that Fiat would accumulate more debts when it purchases the Chrysler stake of VEBA.
Fiat to Purchase Rest of Chrysler
Fiat is preparing to purchase the rest of the shares of Chrysler through a loan being prepared by a number of banks.
Hikma to Undertake Acquisitions
Hikma Pharmaceuticals is prepared to make many acquisitions with the funds it has set aside. Hikma Pharmaceuticals, based out of London, says it has set aside US$600 million to pay for acquisitions it would be making in the Middle East and Africa.
Kion Biding Time with IPO
Kion Group has said it is biding its time with its scheduled IPO. The second largest manufacturer of fork lifts in the world, Kion Group has said it is ready to undertake an initial public offer of shares.
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Chesapeake Energy Appoints New CEO In a stunning move, Chesapeake Energy Corp has hired Robert Douglas Lawler to become its new Chief Executive Officer.
HSBC will cut back costs and sell off minority assets under the three year restructuring plan of CEO Stuart Gulliver.
Fresenius CEO Ulf M. Schneider is on the lookout for deals for the expansion of the German group. Fresenius SE, the diversified healthcare group from Germany, has identified possible firms for ripe for takeovers.
Jack Ma, the Chinese billionaire steps down as Alibaba's CEO. Jack Ma, the Chinese Internet billionaire whose fortune comes from the decade long development of China's largest e-commerce company, the Alibaba Group.
Bloomberg CEO Daniel Doctoroff called the access to journalists fiasco a 'mistake'. Bloomberg LP CEO Daniel Doctoroff said, after receipt of reports that users of the company terminals were investigating potential leaks of information, said that the company committed a 'mistake' by providing journalists access to data on a client's terminal usage.
NN appoints Richard Holder as its new CEO. There is a new CEO for NN and the new appointee is Richard Holder to be effective on June 3, 2013. Holder is replacing Roderick Baty, who is retiring from the office.
Two directors issued a letter in response to the recommendations made by proxy advisory firms on the ceo-chairman split issue as well as removal of some of the JP Morgan directors from the board.
Hess, in a move to address criticisms, splits the position of CEO from Chairman. In a bold move, Hess Corp would be splitting the roles of chairman and chief executive officer in its annual shareholders meeting next week.
Ivan Menezes replaces Paul Walsh as the new CEO of Diageo. The globe's largest spirits distiller, Diageo, has announced that Ivan Menezes would become the new Chief Executive Officer of the company replacing Paul Walsh.
