Intel’s new CEO Lip-Bu Tan wants to revamp chipmaking, cut jobs: report
Intel's next CEO will revamp the chip-making operations of the tech giants that fought and cut down on jobs to compete better with industry rivals, according to the report. Lip-Bu Tan, a former Intel board member who took over on Tuesday, will focus on streamlining Intel's manufacturing processes and firing more AI chips for clients […]
Telegram CEO Pavel Durov back in Dubai months after Paris arrest
Telegram founder Pavel Durov said on Monday that he returned to Dubai after a stunning arrest at Paris airport last year was tied to a French investigation into criminal activity on his app. After being intertwined with the Kremlin over free speech years ago, Doloff, who left his hometown of Russia, was arrested last August […]
UnitedHealthcare CEO shooting person of interest | FOX 5 News
All day, new updates have been coming in about the death of the UnitedHealthcare CEO Brian Thompson. Authorities are now … source
Tether CEO Praises Trump for Crypto Leadership
Paolo Ardoino, CEO of Tether, the largest provider of Stablecoin, has supported President Donald Trump's crypto leader, saying his policies will allow for all American domination, from “crypto” to AI. Ardoino said there is a stark contrast between President Joe Biden's administration's Hawkish policy and anti-cryptography policy and the Trump administration's custody policy. “America has […]
Prada’s CEO flies to New York as speculation swirls over Versace bid
Andrea Guerra, CEO of luxury fashion group Prada, flew to New York. The source told Reuters. The group is discussing Versace, owned by Capri Holdings, on a deal that unites two biggest names in Italian fashion. On a trip to US financial capital, Guerra is accompanied by Lorenzo Bateri, the son of the group's main […]
Starbucks CEO Brian Niccol defends company’s DEI practices, says they are ‘key’ strength of business
Starbucks CEO Brian Nicole reaffirmed at this week's shareholders meeting that the company calls it a key part of the coffee giant's strength and will continue to focus on diversity. “Starbucks is a very diverse organization and will continue to be a very diverse organization just by our mission, the nature of our values and […]
Intel’s new CEO tasked with turning around chip giant
Please see what you are clicking on foxbusiness.com. Intel announced on Wednesday that its new CEO will be at the helm of the chip maker. Next week, when CEO Lip-Bu Tan assumes his position at Intel, he will do his job to stimulate the company and increase his competitiveness. “I'm honored to be part of […]
Mattel CEO aims to offset Trump’s tariffs by shrinking manufacturing, making more movies
The second US toy company deals with tariffs by reducing its manufacturing operations and leaning towards the biggest brand-starring movies. “We used to be called toy makers,” Kreiz said at the UBS Global Consumer and Retail Conference in NYC. Now, we've become IP [intellectual property] company. “ Mattel CEO Ynon Kreiz has a big bet […]
LVMH wants billionaire Bernard Arnault as CEO until age 85
The gorgeous conglomerate LVMH is trying to clear the path that allows billionaire Bernard Arnaud to be at the helm for almost ten years until he turns 85. According to the company's filings, the company's shareholders own high-end brands such as Louis Vuitton, Dior and Tiffany. Currently, the maximum age for LVMH is set to […]
Distilled Spirits Council CEO warns European whiskey tariff could be 'very, very devastating'
On Wednesday, the CEO of the US Distillation Spirits Council warned that whisky fees in Europe would be “very, very devastating.” “We got the news early this morning, early. [European Union (EU)] We are ready to impose a 50% tariff on American whiskey. It's going to be very devastating,” Chris Swanger told News Nation's Nicole […]