Other News

Stacy Cunningham becomes first NYSE female President
Global

Stacy Cunningham becomes first NYSE female President

The New York Stock Exchange has named Stacy Cunningham as its first female leader in the history of the 226-year-old exchange. The parent company of the NYSE, Intercontinental Exchange Inc., confirmed that Stacey Cunningham will become the 67th president after she replace Thomas Farley, who has served in that role […]

Shell Shareholders approve CEO Pay by 75 percent
Energy

Shell Shareholders approve CEO Pay by 75 percent

Royal Dutch Shell shareholders have approved the 2017 management remuneration, including Chief Executive Officer Ben van Beurden’s EUR8.9 million ($10.51 million) package, by a majority of 75 percent, Reuters reports. The 2016 remuneration resolution won the support of more than 92 percent of shareholders. Board member Gerard Kleisteree, who heads […]

BP invests in ultra-fast charging battery company StoreDot
Energy

BP invests in ultra-fast charging battery company StoreDot

BP said it is has invested in Israel-based company, StoreDot, towards the development of ultra-fast charging batteries. BP believes that ultra-fast charging will be key in accelerating the adoption of EVs worldwide. Tufan Erginbilgic, chief executive, Downstream, said: “Ultra-fast charging is at the heart of BP’s electrification strategy. StoreDot’s technology […]

Adobe acquires Magento for $1.68 billion
Tech

Adobe acquires Magento for $1.68 billion

Adobe said it has agreed to acquire Magento Commerce for $1.68 billion. The deal is subject to customary purchase price adjustments. The addition of the Magento Commerce Cloud will enable commerce to be seamlessly integrated into the Adobe Experience Cloud, delivering a single platform that serves both B2B and B2C […]

Baidu sells off its DU apps unit
Tech

Baidu sells off its DU apps unit

Baidu said it has entered into definitive agreements with certain investors relating to the divestiture of its global ad and tools business which provides DU ads and tool apps, including Du Caller, Mobojoy, Photo Wonder and DU Recorder. Pursuant to definitive agreements, Baidu will divest a majority equity stake in […]

Pamela Kaufman to head Consumer Products at Viacom/Nickelodeon
Global

Pamela Kaufman to head Consumer Products at Viacom/Nickelodeon

Viacom has named Pamela Kaufman to the new role of President, Viacom/Nickelodeon Global Consumer Products, with global oversight of the consumer products business across Viacom Media Networks and Paramount Pictures. Kaufman will lead worldwide licensing and merchandising and provide strategic focus on maximizing Viacom’s portfolio of brands and iconic franchise […]