sonika sharma

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Zynga to Restructure Top Ranks, Three C-Suite Execs to Depart

In one of the first major acts under newly named CEO Don Mattrick, sources said Zynga plans to announce on Tuesday a shake-up of its top ranks as …

Zynga

Bill Ackman Counterblasts Starbucks CEO Howard Schultz

According to Bloomberg News, he says that Schultz "doesn't understand JCPenney facts."<p>Those are comments that Ackman made to Charlie Rose, according to Bloomberg News.<p>Ackman will be on Charlie Rose tonight at 11 p.m. ET on PBS.<p>Shultz recently told CNBC's Maria Bartiromo that Ackman had ruined the …

Howard Schultz

Investors Unimpressed With Mexican President Peña Nieto's Energy Reform

Mexican President Enrique Peña Nieto unveiled a highly-anticipated energy reform on Monday that will allow limited participation by oil giants such as Exxon Mobil, Chevron and BP in Mexico’s restricted oil industry for the first time in 75 years.<p>Peña Nieto presented the bill in a well-choreographed …

Cisco To Gain On Recovering IT Demand As Macro Concerns Ease

Cisco is slated to announce its Q4 FY 2013 results on August 14th. Last quarter, the company saw strong growth in revenues as U.S. spending returned to strength amid sustained demand for networking gear in emerging markets. Europe, which has been a problem area for Cisco due to the Eurozone debt …

Apple shares rise after Carl Icahn reveals 'large position' in tech giant

The billionaire investor Carl Icahn revealed on Tuesday that he has taken a "large position" in Apple. The 77-year-old is known for his often contentious battles with big companies, but so far relations with Apple boss Tim Cook appear cordial.<p>"We currently have a large position in Apple. We believe …

Barclays finance director Chris Lucas to step down this week

Barclays finance director Chris Lucas is to step down this week, leaving the bank without a key figure as it seeks to raise nearly £6bn from shareholders.<p>The 52-year-old was due to leave in February, but will now do so six months early due to his deteriorating health, sources told <i>The Daily …