While Uber’s choice for CEO, Dara Khosrowshahi, may seem less familiar than choices like Meg Whitman or Jeff Immelt, Khosrowshahi knows who matters. Sources told CNBC he’s seen as a very qualified and respected choice for Uber’s CEO. “He’s got an extraordinarily deep network,” said Brad Gerstner, founder and CEO of investment firm Altimeter Capital, […]
Read moreAmazon's web site will be flooded with Whole Foods brands, meaning more competition for food sellers
That was fast! On Monday, Amazon Fresh began selling hundreds of new items from Whole Foods’ house brands, including fancier fare and bath products from Whole Foods Market, staples from 365 Everyday Value, and pet foods from Whole Paws. The influx of new products to Amazon’s e-grocery service spells competition for the fresh food and […]
Read moreWhile the fatal effects of Hurricane Harvey continue to dominate headlines, CNBC’s Jim Cramer pointed out that the storm’s financial impact was not top-of-mind for Wall Street traders. “If you want to talk about the themes that dominated today’s session before this North Korean missile, Harvey’s just not one of them,” the “Mad Money” host […]
Read moreAs federal and local authorities rush to mitigate the devastating effects of Hurricane Harvey, CNBC’s Jim Cramer took to tracking the storm’s impact on industries in its path. “No two horrendous storms are alike. They’re all terrible, and while it continues, the only thing that matters is that people are dying. Anything else is just […]
Read moreSix Flags’ stock may have gotten hit after a weaker-than-expected earnings report in July, but CEO Jim Reid-Anderson told CNBC that he has since only reaffirmed his faith in the company. “Last Friday, I spent $3 million buying the company’s shares because I believe that the stock price, where it is today, doesn’t reflect the […]
Read moreWhile the fatal effects of Hurricane Harvey continue to dominate headlines, CNBC’s Jim Cramer pointed out that the storm’s financial impact was not top-of-mind for Wall Street traders. “If you want to talk about the themes that dominated today’s session before this North Korean missile, Harvey’s just not one of them,” the “Mad Money” host […]
Read moreThe U.S. Securities and Exchange Commission has issued a warning on Monday about potential internet coin offering (ICO) scams and “pump and dump” schemes by public companies. The warning is aimed at alerting investors about the risks of investing in public companies that promote ICOs and deliberately “pump” the prices of their offerings with “new […]
Read moreThe Japanese government has warned that a North Korean missile is headed toward the Tohoku region at the northern end of the country, according to Japanese broadcaster NHK. NHK also reported that Japan took no action to shoot down the projectile. Japanese Prime Minister Shinzo Abe told reporters that it appeared that a ballistic missile […]
Read moreThis is an updated version of a story that originally ran on June 18. Uber board members and executives say the company is starting fresh — building Uber 2.0. On Sunday, Uber picked Expedia CEO Dara Khosrowhahi to take the helm, though a formal announcement has yet to be made. Travis Kalanick was forced to […]
Read moreWe still don’t know if Dara Khosrowshahi will accept the job of Uber’s boss — leading a company mired in human resources issues. If he does, the Iranian immigrant will walk into a company that’s much less diverse than his current one, Expedia. Expedia, which includes brands like Hotels.com, Orbitz, Trivago, Travelocity, Hotwire and CarRentals.com, […]
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