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CEO Etisalat Nigeria Tech Top News UBA Zenith Bank 

Zenith Bank makes provision on 30 percent of its 9mobile loan: CEO

August 14, 2017 By Oludare Mayowa LAGOS (Reuters) – Nigeria’s Zenith Bank has made a provision on 30 percent of its loan to 9mobile, the country’s fourth largest telecoms group formerly known as Etisalat Nigeria, the bank’s chief executive said on Monday. “We have taken about 30 percent … as a provision which we believe is very prudent as the company is undergoing restructuring … to prepare for a new investor,” CEO Peter Amangbo told a conference call. Nigerian regulators stepped in last month to save Etisalat Nigeria from collapse…

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Business CEO media service singapore 

Cash-strapped SoundCloud gets new funds and top management

August 11, 2017 By Eric Auchard FRANKFURT (Reuters) – SoundCloud, the world’s most popular streaming music app, but one that has struggled to find a profitable business model, said it received new funding on Friday, insulating it from potentially running out of cash this year. The company, which laid off 40 percent of its staff in July, said in a blog post that the financing was raised from media-focused investment bank Raine Group of New York and Singapore’s sovereign wealth fund Temasek [TEM.UL]. It did not disclose the amount or…

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ADP Business CEO Investor Ackman president 

ADP CEO slams Ackman’s research and ‘spoiled brat’ antics

August 10, 2017 By Michael Flaherty NEW YORK (Reuters) – The CEO of Automatic Data Processing Inc ADP.O slammed investor William Ackman on Thursday, likening the hedge fund manager to a “spoiled brat,” and skewering the billionaire’s research efforts into the payroll processor. ADP CEO Carlos Rodriguez, in an interview with CNBC, called his interactions with Ackman “baffling and surreal.” Rodriguez took several pot shots at the investor, saying Ackman was relying on disgruntled employees for research and that he prioritized a vacation over a meeting with ADP’s board. The…

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Beijing Business CEO China Baidu industry 

China’s Baidu being probed after CEO tests driverless car on public roads

July 6, 2017 BEIJING/SHANGHAI (Reuters) – Baidu Inc, China’s biggest search engine provider, is under investigation to determine whether it had broken any laws after its chief executive tested a driverless car on public roads, Beijing’s traffic police said on Thursday. The firm, China’s answer to Alphabet Inc’s Google, is taking a leading role in the development of self-driving cars in China and beyond. It unveiled a broad alliance for self-driving cars on Wednesday as it aims to get such vehicles on the road in China by 2019. But Baidu…

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Business case CEO government Twitter 

Investor in Martin Shkreli’s fund says he made millions

July 5, 2017 By Brendan Pierson (Reuters) – One of the investors former drug company executive Martin Shkreli is accused of defrauding testified on Wednesday that Shkreli lied to him repeatedly, although he eventually made millions of dollars from the investment. Darren Blanton, a Dallas-based biotechnology investor who appeared in Brooklyn federal court as a witness for U.S. prosecutors, told jurors he invested in Shkreli’s hedge fund MSMB Capital after being told the fund was managing $35 million in assets and had an independent auditor. He said he later learned…

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Bengaluru Editing CEO Entertainment Pandora Media Inc Tim Westergren Top News 

Pandora Media’s CEO Tim Westergren to step down

June 27, 2017 (Reuters) – Music streaming service Pandora Media Inc’s co-founder Tim Westergren stepped down as chief executive and board member as part of a management shuffle. The company’s shares fell 2.6 percent at $8.24 in early trading. Pandora said on Tuesday President Mike Herring and Chief Marketing Officer Nick Bartle are also leaving the company. Westergren, who co-founded Pandora in 2000, served as its CEO and president from May 2002 to July 2004, before returning to lead the company last year. Pandora named Naveen Chopra, who was hired…

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advisor Business CEO president Wick Moorman 

Amtrak names former Delta executive as next CEO

June 26, 2017 By David Shepardson WASHINGTON (Reuters) – Amtrak on Monday named a former Delta Air Lines chief to lead the U.S. passenger rail carrier as it embarks on a major renovation of its busiest U.S. hub following years of disruptions and delays along the Northeast Corridor. Richard Anderson, who spearheaded Delta’s growth into the world’s largest airline by market value when he retired as chief executive in May 2016, will become president and co-CEO on July 12, two days after Amtrak launches the rebuilding program at New York…

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First jobs of Madison Avenue’s ad wizards

June 1, 2017 By Chris Taylor NEW YORK(Reuters) – Thanks to TV shows like “Mad Men,” the advertising world seems to many to be impossibly stylish and full of intrigue. The real-life starts of the nation’s ad giants? Not so glamorous. For the latest in Reuters’ “First Jobs” series, we talked to a few top ad execs about the gigs that got them started. Michael Roth Chairman and CEO, Interpublic First job: Hat seller This was back in college, and the family of one of my fraternity brothers owned a…

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Halliburton’s incoming CEO sees significant price hike

May 18, 2017 By Ernest Scheyder HOUSTON (Reuters) – Halliburton Co , the No. 2 oilfield service provider, expects to raise prices at least 10 percent and in some cases 20 percent or more this year, higher increases than many customers expect but ones that company executives said were crucial to fuel the oil industry’s nascent growth. The rising business activity comes as Jeff Miller prepares to become the 98-year-old company’s chief executive officer next month, taking over from Dave Lesar, CEO since 2000. “We will continue to implement our…

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Chinese Premier Li Keqiang visits Foxconn, after CEO goes to White House

May 10, 2017 TAIPEI (Reuters) – China is the best place for expanding manufacturing and investment, the country’s premier told Foxconn, the world’s largest contract electronics maker, less than two weeks after its chief executive Terry Gou went to the White House to discuss increasing investment in the United States. “We will continue to expand our development, and optimize the business environment. China has a huge market and lots of talent, it is the best investment place for expanding manufacturing,” Li Keqiang was summarized as saying on the State Council’s…

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