Intel CEO Pat Gelsinger holds a wafer sample during his keynote speech at the Computex conference in Taipei on June 4, 2024. AFP | Getty Images Intel Shares rose 8% in extended trading on Monday after the company announced it would transform its foundry business into an independent unit with its own board of directors […]
Carolina Dybeck-Happe. Courtesy of GE Microsoft told employees Thursday that it has hired Carolina Dybeck Happe as executive vice president and chief operations officer. She will report to CEO Satya Nadella. Dybeck Happe comes from GE, where she was senior vice president and chief financial officer from 2020 to September 2023. The appointment reflects Microsoft’s […]
Phil Spencer, executive vice president at Microsoft, speaks at the company’s Xbox One X unveil event ahead of the E3 Electronic Entertainment Expo in Los Angeles on June 11, 2017. Patrick T Fallon | Bloomberg | Microsoft announced Thursday that it is cutting 650 jobs in the company’s Xbox gaming division as part of the […]
A pedestrian walks past the Google office in New York City on January 25, 2023. Leonardo Munoz | View press | Getty Images One month after losing a landmark antitrust case brought by the Department of Justice, Google has to go to court again to face federal prosecutors for a second time. In August, a […]
U.S. stocks rose on Friday as investors closed out the best week of 2024, part of a market recovery after a sharp decline at the start of August. The S&P500 rose 0.2% to 5,554.25, while the Nasdaq-Composite rose 0.21% to 17,631.72 on Friday. Dow Jones Industrial Average rose 96 points, or 0.24%, to 40,659.76. This […]
Here are the key calls on Wall Street on Friday: Piper Sandler introduces Couchbase to overweight Piper said in its introduction of Couchbase that the sell-off for the cloud database services software company was overdone. “The secular drivers for multi-cloud databases remain compelling.” Bernstein reiterates Tesla as underperformer Bernstein says it is maintaining its underperformer […]
