CEO Financial News

Google CEO Sundar Pichai has finally taken the stand in the biggest U.S. antitrust case in a quarter century

McDonald’s said Monday it’s pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers

A deal has been reached to end a week-long strike that had shut down a major shipping artery in the Great Lakes, halting the flow of grain and other goods from the U.S. and Canada

Sources say Jeep maker Stellantis reached a tentative contract agreement.

Nokia sees demand for equipment to be substantial in 2024-25, a senior company official said. The proliferation of fixed wireless access network will usher the Indian telecom sector into the second phase of 5G network deployment, Nokia India head of mobile networks business Tarun Chhabra said at the India Mobile Congress. «India's requirement is still going to be substantial in 2024-25, then our factories will be fully loaded with India plus some exports,» Chhabra said. Nokia has recorded multi-fold growth in its telecom gear business in India on account of rapid 5G network deployment. In the third quarter financial report, Nokia CEO Pekka Lundmark said the business continued to benefit from 5G deployments in India, where net sales more than doubled year-on-year, but sales volume moderated significantly on a sequential basis as the pace of deployment has started to normalise. Chhabra said Nokia will increase exports from India if demand tapers, but he expects the growth momentum in the country to continue. «Fixed wireless Access (FWA) is one big thing that can actually require a lot of data thrusting and then operators will have to actually deploy more networks.

Binance, the crypto exchange that for long has dominated global crypto trading, has seen its market share continue to decline even as the overall market has surged higher.

(Reuters) -Consumer goods company Unilever (LON:ULVR) said on Monday its board had decided to freeze CEO Hein Schumacher's fixed pay for the next two years, after his initial pay package was rejected by shareholders in May.

By Jeff Mason and Alexandra Alper

Google CEO Sundar Pichai tells it, his company has always been on the side of consumers. It has paid billions to other industry giants, including Apple and Samsung, he said, to make sure Google's internet search engine worked as well as it should on those companies' devices. Testifying on Monday in Google's landmark antitrust trial, Pichai directly contradicted the Justice Department's claims that his company's huge payments to companies such as Apple to be the default internet search option on their popular devices represent its unchecked monopoly power. Pichai said he had been worried that Apple, in particular, would make it more difficult to use Google's search on its devices and he believed Google had to pay to make sure that wouldn't happen.

(Reuters) — Shares of Tesla (NASDAQ:TSLA) fell about 5% on Monday after key supplier Panasonic (OTC:PCRFY) Holdings said it cut automotive battery production in the September quarter, cementing concerns of a global slowdown in electric-vehicle (EV) sales.

APA Group has joined with France’s EDF to bid to construct NSW’s second renewable energy zone in an attempt to capture a share of the $50 billion opportunity involved with connecting wind and solar farms to the grid.

Sam Bankman-Fried was challenged on Monday over interviews following the cryptocurrency exchange's collapse, in which he said he was not involved in his Alameda Research hedge fund's trading. The questioning by prosecutor Danielle Sassoon, on the second day of Bankman-Fried's testimony in his own defense at his fraud trial, was part of an effort to undercut the 31-year-old former billionaire's credibility after he told jurors last week he did not steal customers' money.

Vodafone Idea (Vi) expects to finalize its equity funding discussions by the end of this quarter, the telecom operator's chief executive Akshaya Moondra said during the earnings call on Monday. Moondra noted the commitment from promoters to put in ₹2,000 crore remains firm. This might be concurrent with investments from external equity parties.

Vistara on Monday announced the launch of its daily direct flight between the national capital and Hong Kong. The inaugural flight, operated by an A321 neo aircraft, commenced from Delhi airport on Sunday evening and arrived at Hong Kong on Monday morning.

(Reuters) -Chipmaker Onsemi forecast a tepid fourth quarter and cut about 900 jobs, sparking fears that weak electric vehicle (EV) demand has begun to hurt orders for its chips from the auto sector and sending its shares tumbling 20% on Monday.

On October 13, 2023, French crypto exchange Coinhouse announced a 15% reduction in its workforce, following in the steps of another French unicorn, Ledger. This move primarily affects the web 3.0 department within the firm. Coinhouse CEO Nicolas Louvet, in an interview with BFM Crypto, clarified that the current downsizing does not relate to an alleged 40% staff cut reported earlier by Mindfintech. He attributed the decision to a waning interest in Web3 technologies compared to the previous year, and a broader bearish crypto market scenario. Despite the layoffs, Louvet mentioned ongoing recruitment for positions in marketing and data departments, hinting at a strategic realignment towards core crypto investment operations.

The tech giants are shaking off the postpandemic blues. Microsoft, Amazon.com, Meta Platforms and Google parent Alphabet last week delivered quarterly reports showing strong growth and improving margins in areas from digital advertising to e-commerce to cloud computing. They are also starting to see some initial payoff from big investments in artificial intelligence, while trying to assure Wall Street that more wins are ahead.

WASHINGTON (Reuters) — Sundar Pichai, CEO of Alphabet (NASDAQ:GOOGL) Inc and its subsidiary Google, testified Monday in a once-in-a generation antitrust fight with the U.S. government that the company sought to make browser use and internet search easy and secure.

₹20,685 crore. The project has got the required statutory clearances and will be ready in the next four years, CEO and MD of the company Akshay Kumar Singh said addressing the media.

Under the terms of this agreement, Zydus has granted Sun Pharma semi-exclusive rights to co-market the product in India. Sun Pharma will market the drug under the brand name RYTSTAT®.

Nestaway Technologies Pvt. Ltd. is proud to announce its strategic acquisition by Aurum PropTech Ltd., a leading player in the residential rental space.