SHANGHAI, May 16 — Sina Corp could post further losses due to its investment in microblogging platform, Weibo, its Chief Executive Officer Charles Chao said today.
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Posts tagged chief-executive
Yahoo shares up after CEO exit
May 14th
NEW YORK, May 14 — Yahoo Inc shares jumped two per cent in premarket trading today after the exit of Chief Executive Scott Thompson following questions about his academic record. The Internet company said yesterday that Ross Levinsohn will become interim CEO and that it is giving three board seats to the activist hedge fund headed by Daniel Loeb, ..
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Source: Yahoo CEO says he never provided a resume
May 11th
SAN FRANCISCO, May 11 — Yahoo Inc Chief Executive Scott Thompson, at the centre of a row over his educational qualifications, told his top executives yesterday he never provided a resume or incorrect information to Yahoo, a source familiar with the situation said. Thompson held a meeting with senior staff to address the controversy that erupted a …
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Adidas to slash Reebok store base in India
May 3rd
LONDON, May 3 – Germany’s Adidas said today it would cut the number of its Reebok stores in India by about one-third as it tackles “commercial irregularities” at the unit, an issue that has clouded a strong start to a bumper sports year. Chief Executive Herbert Hainer (picture) said Adidas, the world’s second biggest sporting goods firm, had set a …
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News Corp board comes out in support of Murdoch
May 2nd
LONDON, May 3 — News Corp’s board of directors came out in full support of Chief Executive Rupert Murdoch yesterday, some 36 hours after a British parliamentary committee had described him as unfit to run a major international business.
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DuPont profit beats Street, helped by price hikes
Apr 19th
NEW YORK, April 19 – DuPont’s first-quarter profit beat Wall Street expectations, helped by price hikes and strong sales of insecticides and genetically modified seeds. The company reaffirmed its 2012 earnings target, with Chief Executive Ellen Kullman saying DuPont will prioritise research and development spending on food, energy and security …
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Berkshire shares dip on Buffett cancer news
Apr 18th
NEW YORK, April 18 – Shares in Berkshire Hathaway Inc fell less than 1 per cent in early trading today, a relatively limited reaction to the news that Chief Executive Warren Buffett has stage 1 prostate cancer and will start radiation treatment this summer. Buffett said yesterday that he had the early-stage illness and that his condition “is not …
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Goldman weighs leadership change, strikes union deal
Mar 28th
NEW YORK, March 28 — Senior executives within Goldman Sachs have talked about splitting the roles of chief executive officer and chairman, two sources said, although pressure for any imminent move appears to have eased after a deal with a labour union pension fund. Proposals to separate the CEO and chairman roles have long been sought by outside ..
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Apple CEO in China mission to clear up problems
Mar 27th
BEIJING, March 27 — Apple Inc Chief Executive Tim Cook has jetted into China for talks with government officials as he seeks to clear up a pile of problems in the firm’s biggest growth market, from its contested iPad trademark to treatment of local labour. Cook is on his first trip to the country since taking over from late co-founder Steve Jobs ..
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Siemens says ‘no link’ to Lynas plant
Mar 26th
KUALA LUMPUR, March 26 — Engineering giant Siemens today moved to distance itself from Lynas Corp’s controversial rare earth plant in Kuantan, insisting that plans to partner with the Australian miner to make high-powered magnets are unrelated to the RM2.3 billion refinery.
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