BlackBerry Limited announced Carl Wiese as the president for its global sales operations. Wiese will lead the company's global market sales stratagem in an attempt to throttle the declining sales for BlackBerry.
Firm Management
Bank of America CFO exits in management shake-up
Bank of America has restructured its top managerial positions. The latest major shuffle witnessed the departure of the bank's CFO Bruce Thompson and retirement of executive David Darnell, who has been with the bank for over 35 years and will retire in the fourth quarter as vice-chairman.
Qualcomm slashes jobs and costs, says may split itself
Chipmaker Qualcomm Inc (QCOM.O) said it may break itself up as it delivered its third profit warning this year and announced plans to slash jobs and spending in the face of rising competition.
Evernote hires former Google executive Chris O'Neill as CEO
Evernote has a new chief executive officer. This was announced by Phil Libin, co-founder and longtime CEO of the productivity and note-taking app.
Reddit draws the line; proposes stricter content policy
After suffering from a series of "missteps," Reddit and its newly appointed CEO Steve Huffman are dead serious in changing its content rules by banning discussions involving illegal materials, sexual content featuring children, confidential information, private information from individuals, and more.
Latest News
Apple Extends iCloud Service Subscription For 30 Days Free To Greek Customers Due To Monetary Crisis
Apple is now compromising a free 30-day extension for paying iCloud subscribers in Greece without added cost. This is Apple's way to avoid downgrading and intermission of services to its Greek customers who are presently not capable of paying monthly fees due to control procedures proposed in the country.
Steve Huffman, Reddit's previous CEO and co-founder, is replacing Ellen Pao as the CEO after Pao resigned due to the escalating tension after a chain of conflict and issues between the top management and subreddits that has brought chaos on its online community. On the other hand, Pao will still stay at Reddit as an advisor.
Microsoft is writing off the $7.6 billion that it paid to buy Nokia's handset unit in 2014 and dropping some 7,800 jobs in its roll, most of them from the phone business. The reductions will take place over the next few months.
Honda Motor Co's (7267.T) new chief executive said the Japanese automaker has no plans for now to provide financial aid to Takata Corp (7312.T), the air bag supplier at the center of a costly global safety recall that has dented Honda's public image as well as its earnings.
Cree Inc said it would reduce manufacturing capacity at its light-emitting diode factory, as it struggles with a decline in prices, and take an $85 million restructuring charge.
JPMorgan (JPM.N) has hired Arkadi Nachimowski from Deutsche Bank (DBKGn.DE) to head its chemicals team in Europe, the Middle East and Africa (EMEA), according to a memo seen by Reuters on Wednesday.
Wal-Mart Stores will begin charging fees to almost all vendors for stocking their items in new stores and for warehousing inventory, raising pressure on suppliers as the world’s largest retailer battles higher costs from wage hikes.
Boeing Co (BA.N) on Tuesday named Dennis Muilenburg as chief executive officer, effective July 1, succeeding Jim McNerney.
Caterpillar, Inc. (CAT.N) will lay off another 50 workers at its East Peoria, Illinois campus on Monday because of a downturn in demand for mining equipment, the company said.
