Intel CEO sends letter to FCC Chairman throwing support to the Softbank bid. Paul Otellini, the CEO of Intel Corp has sent a letter to the Federal Communications Commission vouching for his support for SoftBank's bid for Sprint Nextel instead of the Dish Network's unsolicited bid.
Tags: CEO
Hochtief Sells off Airport Management Division
Hochtief AG is returning to its construction roots by the sale of its airport management division. Hochtief AG has entered into an agreement to sell its airport division to the Public Sector Pension Investment Board of Canada.
Alibaba IPO Coming Soon
According to Alibaba CEO Jack Ma said that the IPO would be coming soon. The world's largest online retailer is trying to avoid experiencing the issues Facebook had faced with its initial public offer.
ISS Advises JPMorgan Should Appoint Chairman to Look after CEO
ISS advises shareholders in JP Morgan to elect independent chairman. Proxy advisory firm Institutional Shareholder Services advised JPMorgan Chase & Co to disassociate the duties of a Chairman from the Chief Executive Officer.
QIB CEO Bassel Gamal Says No More Need for Sukuk Issues
QIB CEO Bassel Gamal said that the bank would no longer issue any more sukuk bonds until 2014. The Gulf region's largest sharia compliant banking institution in terms of assets, the Qatar Islamic Bank, has said that it is not expecting to issue more Islamic bonds before 2014.
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Renault-Nissan CEO Carlos Ghosn expects approval for the China plant for the carmaker to be approved by the end of the year.
Rosneft CEO Sechin changes tact with Rosneft minority shareholders. The head of Russian top oil producer Rosneft, Igor Sechin announced last Tuesday he is reiterating his cooperation with the minority shareholders of TNK-BP Holding.
Accor shareholders may pressure CEO to leave due to dismal performance. According to a Reuters report, Chief Executive Officer of Accor may be expelled by the company's board by Tuesday due to weak performance of the company shares in the local bourse in the past months.
ASML Holdings introduces new CEO and unveils buyback plan for shares. The largest semiconductor equipment supplier in Europe, ASML Holding NV has appointed its finance director Peter Wennink to the position of Chief Executive Officer.
Powerwave Technologies gets a shot in the arm in the form of a credit facility from P-Wave Holdings, an affiliate of The Gores Group.
The German consumers giant Henkel has a fund for new acquisitions. Henkel, the German consumer goods giant, has a fund worth between Eur3. 5 billion and 4 billion or US$4.
Andrea Ragnetti may have to leave Ducati as CEO when asked to become Alitalia's new CEO. The chief executive officer of renowned Italian motorcycle builder Ducati, Gabriele Del Torchio is the top choice to take over the helm of ailing airline Alitalia.
KKR appoints Hirofumi Hirano as CEO and MD while former CEO and MD Shusaku Minoda becomes chairman.
Dell would walk away if he is not retained as CEO. Michael Dell, in a statement, would only consider a buyout plan with Blackstone Group if the private equity guarantees that he remains as its CEO.
