Eric Schmidt, who led Google for a decade, told Stanford students that, while he’s not one to give investment advice, he sees an obvious play in the stock market that doesn’t involve buying shares of his former employer. Schmidt said, in a video that was posted by Stanford this week and subsequently removed, that big technology companies are planning…
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United Airlines CEO Scott Kirby celebrates the opening of a new addition to its Flight Training Center in Denver, Colorado, on Feb. 22, 2024. Hyoung Chang | Denver Post | Getty Images United Airlines CEO Scott Kirby says he is optimistic about Boeing‘s recovery after meeting with the manufacturer’s new chief executive. It’s an upbeat change of tune from…
Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill. Niccol officially takes the reins at the embattled coffee chain on Sept. 9. As CEO, he’ll be tasked with turning around the company’s slumping sales, improving customers’ experience inside stores…
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Cisco shares popped in extended trading on Wednesday after the networking company said it’s cutting 7% of its global workforce and reported quarterly results that topped analysts’ estimates. Here are the key numbers: Earnings: 87 cents per share, adjusted, vs. 85 cents per share expected, according to LSEG. Revenue: $13.64 billion vs. $13.54 billion expected, according to LSEG. Cisco…
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During Google’s Pixel phone launch on Tuesday, a product director named David Citron took the stage to show off the mobile capabilities of the company’s new AI assistant, Gemini. Things got awkward right after the presenter told the audience, “all the demos today are live, by the way.” In front of a big crowd of media and analysts at…
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A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty Images Intel has sold its 1.18 million share stake in British chip firm Arm Holdings, according to a regulatory filing, as the California chip designer shores up its balance sheet amid intense competition. The…
