Other News

Nasdaq bids to acquire Cinnober for $190 million
Tech

Nasdaq bids to acquire Cinnober for $190 million

Nasdaq said it has made a USD190 million all cash offer to acquire Cinnober. Cinnober is a Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide. Nasdaq’s acquisition of Cinnober would strengthen its position as one of the world’s leading market infrastructure technology providers. “The combined intellectual capital, technology […]

Microsoft acquires AI startup, Lobe
Tech

Microsoft acquires AI startup, Lobe

Microsoft Inc., said it has acquired drag and drop AI tool startup, Lobe. Lobe’s visual interface lets people easily create intelligent apps that can understand hand gestures, hear music, read handwriting, and more. Microsoft said in a statement on its blog that technology has already transformed the world we live […]

David Solomon to takeover from Blankfein as Goldman CEO
Global

David Solomon to takeover from Blankfein as Goldman CEO

Goldman Sachs said David Solomon will be succeeding its influential chief executive officer, Lloyd Blankfein at the investment banking giant. As part of the exercise to fill in the vacuum created by his appointment, the company said John Waldron will take over as president and chief operating officer. Tecnically, Waldron, […]

Goldman Sachs appoints Stephen Scherr as new CFO
Big Business

Goldman Sachs appoints Stephen Scherr as new CFO

Goldman Sachs Group has named Stephen Scherr as its new Chief Financial Officer replacing Martin Chavez. The bank also named John Waldron as its president and chief operating officer. Waldron’s appointment will be effective Oct. 1 once David Solomon takes over from outgoing Chief Executive Officer Lloyd Blankfein, while Stephen […]

Airbus appoints Christian Scherer as new Sales Chief
Global

Airbus appoints Christian Scherer as new Sales Chief

Airbus has appointed Christian Scherer, 56, Chief Commercial Officer (CCO), replacing Eric Schulz, who resigned from the company for personal reasons. Christian Scherer will start his new assignment with immediate effect. He will report to Airbus Chief Executive Officer (CEO) Tom Enders. Tom Enders, Airbus CEO, said: “With Christian Scherer […]

US Open champion Naomi Osaka signs Nissan endorsement deal
Sports

US Open champion Naomi Osaka signs Nissan endorsement deal

Following her first Grand Slam championship, Nissan named 20-year-old tennis player Naomi Osaka its newest brand ambassador. The announcement was made at Nissan’s Global Headquarters in Yokohama, marking one of Osaka’s first appearances in Japan since winning the title on Sept. 8. Armed with her powerful groundstrokes and strong serve, […]

Jack Ma’s Ant Financial denies hacking Equifax
Tech

Jack Ma’s Ant Financial denies hacking Equifax

Ant Financial, a fully-owned subsidiary of Jack Ma’s Alibaba Group has denied reports linking it to the malicious attack on Equifax. Equifax is a global personal credit rating company that was hit by a severe hack that stole virtually all the personal and financial data of its millions of customers. […]

Bayers appoints Stefan Oelrich to board
Global

Bayers appoints Stefan Oelrich to board

Bayer AG has appointed Stefan Oelrich (50) to the company’s Board of Management. The company said Stefan Oelrich ill succeed Dieter Weinand as head of the Pharmaceuticals Division as of November 1, 2018. Weinand is leaving the company for family reasons. He will be joining the Executive Committee of Sanofi […]