Category: CEO
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says
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By Max A. Czerny and Milana Finn (Reuters) – Intel Corp Chief Executive Pat Gelsinger and top executives are expected to present a plan later this month to the company’s board to cut non-essential businesses and reorganize capital spending in an effort to revive the fortunes of the once-dominant chipmaker,…
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says By Reuters
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By Max A. Czerny and Milana Finn Intel Chief Executive Pat Gelsinger and top executives are expected to present a plan later this month to the company’s board to cut non-essential businesses and reorganize capital spending in an effort to revive the fortunes of the once-dominant chipmaker, a person familiar…
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Rafael CEO: Iron Beam laser air-defense operational next year
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Israeli company Rafael Advanced Defense Systems Apple reported a record NIS 59 billion in orders at the end of the second quarter. Orders included a big and surprising increase in the Americas, and a slight decline in sales in Israel. Rafael’s revenues in the second quarter amounted to NIS 3.9…
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Senator Rick Scott questions Intel CEO on job cut despite $20B grants – report
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hapapapa Republican Senator Rick Scott asked Intel (NASDAQ:INTCApple Inc. plans to cut more than 15,000 jobs despite a planned $20 billion in federal funding, Reuters reported, citing a letter to Gelsinger. The funding from the U.S. Department of Commerce aims to boost the semiconductor manufacturing sector. He expressed concerns about…
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Telegram CEO Pavel Durov indicted, placed under judicial supervision in France
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A Paris court has charged Telegram CEO Pavel Durov and placed him on conditional release on August 28 after his recent arrest on charges including terrorism and child abuse. Durov has been charged and placed under judicial supervision, requiring him to pay bail of 5 million euros, report to the…
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Adma Biologics CEO Grossman trades over $13M in company stock By Investing.com
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ADMA Biologics, Inc. (NASDAQ: ) has seen significant trading activity from its CEO Adam S. Grossman, according to recent filings. Grossman was involved in acquisitions and stock disposals on Aug. 26 and 27, totaling more than $13 million in transactions. On the purchase side, Grossman acquired approximately $2.9 million worth…
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Telegram CEO Pavel Durov Arrested By French Police – Will It Impact The TON Ecosystem?
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French authorities have arrested Telegram founder and CEO Pavel Durov on a search warrant for alleged breach of the encrypted messaging system. French media, including Le Monde, Reported Le Monde newspaper reported, citing informed sources, that Durov was arrested upon his arrival from Azerbaijan on his private plane at Le…
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Bitcoin Maxi, CEO Expects ‘$0.01 Million’ As Threshold For BTC ‘Sale’
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Bitcoin influencer and CEO of JAN3, Samson Mu, has recently made waves with his predictions about the future price of Bitcoin. He shared his bullish predictions for the price of Bitcoin in a recent post on social media site X (formerly Twitter). According to Mo, Bitcoin is in a “sell”…
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Will Tether Unveil Its Own Blockchain? CEO Shares Intriguing Details
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Amid speculation that Tether, the largest stablecoin in the cryptocurrency market, USDTCoinDesk is preparing to launch its own blockchain technology, and the company’s CEO, Paolo Ardoino, has addressed the rumors in key detail. Tether Abandons Plans to Launch Its Own Blockchain in interview In an interview with Bloomberg News, Ardoino…
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Bitcoin Floor: CEO Predicts $38,000 Will Be The Lowest BTC Goes
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Bitcoin (BTC) has been gaining some momentum in the crypto space recently, Crossed the $60,000 mark Contrary to the signals of many analysts, the world’s leading cryptocurrency has been on a wild ride, with its price fluctuations being insane over the past few weeks. Bullish Factors Driving Bitcoin Price Higher…
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Stellantis CEO visits US to create plan to reverse lagging profit, sources say By Reuters
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By Giulio Piovaccari, Gilles Guillaume and Nora Eckert DETROIT (Reuters) – Stellantis Chief Executive Carlos Tavares has begun a three-day visit to Detroit where he will seek to develop a strategy to overhaul the European automaker’s troubled North American operations and reassure employees and investors, two people familiar with the…
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Oneweb CEO resigns amid growing french influence after merger with Eutelsat
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Stephen Beynon, the British chief executive of satellite internet provider OneWeb, is set to resign, less than a year after the company merged with France’s Eutelsat. His departure comes amid reports of growing French dominance within the newly merged group, with key decisions shifting away from the UK. OneWeb, founded…
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NICE Systems names new CEO, beats analysts on Q2
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Nice Systems Ltd. (NASDAQ: nice – good; level:nice – goodNICE has appointed Scott Russell, a former senior executive at SAP, as its new CEO. He replaces Barak Elam, who announced he would step down at the end of the year when NICE published its first-quarter financial results three months ago,…
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Whole Foods Market’s CEO grocery shops at least 14 times a week, even on vacation: ‘I’m probably very abnormal’
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Between running billion-dollar companies and managing hundreds of employees, most CEOs don’t have time to go grocery shopping. But Whole Foods Market CEO Jason Buechel chooses to shop 14 times a week. “I go to the grocery store at least twice a day, every day,” Buechl said in a recent…
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Starbucks welcomes new CEO Brian Niccol with a $113 million payday—and he can work remotely
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Starbucks It was announced On Wednesday it will be shown New CEO Brian Nicole, approximately 50 years old $113 million total compensation Including a $10 million signing bonus, a $75 million stock award, and, beginning in fiscal 2025, a potential $23 million per year award. This is in addition to…
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Elbit CEO: Some investors bowed to political pressure
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Demand for defense technology products Elbit Systems Ltd. (NASDAQ: ESLT; level:ESLTThis can be seen in the order backlog, revenue and profit growth. Elbit ended the second quarter of 2024 with an order backlog of $21.1 billion, up 31% from the same quarter in 2023. Revenue in the second quarter was…
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Southwest investor asked the board to dump its CEO over the airline’s struggles. Now it wants to oust the board.
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Elliott Management Inc. is planning to nominate a slate of candidates for Southwest Airlines Co.’s board of directors, adding to activist investor pressure for sweeping changes at the struggling airline, according to a person familiar with the matter. Elliott will nominate up to 10 directors and call a special investor…
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A Conversation with CEO Nick Riesel
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Founded in 2002, FreeOfficeFinder is an innovative, comprehensive service that helps businesses find and rent the perfect office space at no cost. As one of the leaders in the flexible private office space market, the company has grown alongside the industry, which It is expected to reach US$2.84 billion by…
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Ed Johnson, CEO and Co-Founder of PushFar
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Ed Johnson is the CEO and co-founder of PushFar, the world’s leading mentoring platform. Since its establishment in 2018, pay far It has rapidly evolved into a widely used technology startup, providing guidance technology to hundreds of clients and tens of thousands of individuals in over 100 countries. The platform…
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Hero Cosmetics CEO Discovered Skincare Idea in South Korea
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An acne emergency isn’t usually something to be thankful for, but Jo Rio attributes her almost overnight commercial success to a few bad acne outbreaks. The founder of Hero Cosmetics, a skincare brand that promises to be your savior in the wake of acne woes, describes her career path as…