Cisco Executive Chairman John Chambers to Step Down
John Chambers, Cisco Systems executive chairman (NASDAQ:$CSCO), will be not be running for re-election in December. Chambers, who has served on the board since 1993, will be replaced with current Cisco CEO Chuck Robbins.
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Amazon Executive Poached by JPMorgan Chase to Spearhead Customer Service Experience
Marbue Brown will be moving from Amazon (NASDAQ:$AMZN) to JPMorgan Chase (NYSE:$JPM) to lead the latter’s attempts to improve the company’s customer service experience. The former Amazon executive’s move also illustrates Chase’s interest in improving …
Apple in Talks to Back Bain Capital’s Toshiba Bid With Stake
Apple (NASDAQ:$AAPL) is in talks to back Bain Capital’s bid on Toshiba Corp’s (OTCMKTS:$TOSYY) memory chip unit. Apple’s plan to provide about $3 billion to the Bain Capital deal has caused Toshiba to favor Bain …
Toys ‘R’ Us is an Ill Omen for Toy Companies
Recent news from Toys ‘R’ Us has caused a drop in toy companies’ share. Toy companies Hasbro Inc (NASDAQ:$HAS) and Mattel Inc (NASDAQ:$Mattel) specifically saw a large drop stock prices.
Toys ‘R’ Us, …
Nike Stock Continues to Underperform
The so-called sneaker recession has hit companies like Nike (NYSE:$NKE) and Under Armor (NYSE:$UAA) hard. The reasons for the recession are cited as strong competition from Adidas (OTCMKTS:ADDYY) as well as dwindling sales at Foot …
Equifax Insider-Trading Investigation Reportedly Underway by Justice Department
It has been reported that Equifax (NYSE:$EFX) is under investigation for a possible violation of the insider-trading laws. The department is looking into whether or not CFO John Gamble, president of US information Joseph Loughran, …
Tesla Stock Soars as Analysts Advise Caution
Tesla (NASDAQ:$TSLA) stock hit $390 on Monday, a record high for the company. This continues the trend of a bullish run that has seen the stock rise aggressively.
However, experts say that this …