CEO News

Billionaire Brothers Acquire Asda for £6.8 Billion

October 2, 2020
The EG Group founders’ deal with Walmart brings the supermarket giant back under British ownership.
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Tesla CEO Elon Musk Hints at India Entry for 2021

October 2, 2020
Musk’s comments online indicated that Tesla will expand into India “next year for sure”.
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Rolls-Royce Aims to Raise £5 Billion to Address Losses

October 1, 2020
Shares in the renowned engine maker fell to a 17-year low following its announcement of a rights issue.
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Amazon Reveals Palm-Scanning Retail Technology

September 30, 2020
Amazon hopes to licence the new biometric technology to third parties to transform business transactions.
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Apple CEO Tim Cook Receives First Major Stock Grant Since 2011

September 30, 2020
The grant, worth $114 million, ensures that the newly minted billionaire will be highly  compensated through to 2025.
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Nokia Becomes BT’s Biggest Supplier of 5G Equipment

September 29, 2020
The extension of the companies’ partnership will see Huawei equipment replaced across the UK’s 5G network.
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Uber Receives 18-Month London Licence

September 28, 2020
Though it will remain closely monitored, the multinational taxi giant will be allowed to continue operations in one of its largest markets.
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Masayoshi Son Cuts SoftBank Shares Pledged to Lenders

September 25, 2020
In a move that may reduce the likelihood of SoftBank being taken private, its billionaire CEO has reduced stock pledged to financial institutions.
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Wells Fargo CEO Apologises for Comments on Diverse Talent

September 24, 2020
Charles Scharf’s claims that the bank had trouble reaching diversity quotas due to a lack of minority talent drew widespread condemnation.
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Stefano Domenicali to Become New Formula 1 CEO

September 23, 2020
The Lamborghini chief executive and former Ferrari F1 team principal will take over from Chase Carey at the end of the year.
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Microsoft to Buy Bethesda Softworks for $7.5 Billion

September 22, 2020
The purchase is set to radically alter the video game industry and boost the reach of Microsoft’s Xbox consoles.
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Confusion Surrounds TikTok-Oracle-Walmart Deal

September 21, 2020
Though TikTok’s sale deadline pushed back a week, the companies involved continue to issue contradictory statements.
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