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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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Apple to create $1 billion U.S. advanced manufacturing fund

May 4, 2017 By Stephen Nellis SAN FRANCISCO (Reuters) – Apple Inc plans to create a $1 billion fund to invest in U.S. companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday, the iPhone maker’s latest effort to show how it is creating U.S. jobs. The Cupertino, California company will announce the fund’s first investment later in May, Cook said during an interview on CNBC. Cook also said Apple plans to fund programs that could include teaching people how to write computer code to create apps,…

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Off target in 2016, global elite regroup at Milken conference

April 30, 2017 By Lawrence Delevingne BEVERLY HILLS, Calif. (Reuters) – Titans of U.S. industry and Wall Street gather in Beverly Hills this week to discuss how to navigate – and profit from – hot topics such as U.S. tax reform, the upcoming French election and Chinese economic growth. U.S. President Donald Trump’s first 100 days and the next 1,000, as well as the outlook for liberal democracy in Europe in the wake of Brexit are also set for debate at the Milken Institute Global Conference. The event aims to…

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Twitter CEO Dorsey snaps up shares worth about $9.5 million

April 28, 2017 (Reuters) – Twitter Inc Chief Executive Jack Dorsey snapped up more than half a million of the company’s shares for about $9.5 million, a regulatory filing on Friday showed. Dorsey bought 574,002 Twitter shares in multiple transactions at prices ranging between $16.47 and $16.74 per share, according to the filing. http://bit.ly/2oUhQFO That adds to the roughly $7 million worth of Twitter stock Dorsey bought earlier this year, bringing the total number of shares he has purchased this year to 1 million, the CEO said in a tweet….

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Fiat Chrysler may add more self-driving supplier partners: CEO

April 26, 2017 By Agnieszka Flak and Paul Lienert MILAN/DETROIT (Reuters) – Fiat Chrysler Automobiles may seek more supplier partners to help it develop and build self-driving vehicles, Chief Executive Officer Sergio Marchionne said on Wednesday. The Jeep and Ram brands are strong enough to exist as standalone entities outside FCA, Marchionne also said on a conference call with analysts after the company reported record first-quarter results. But he did not elaborate on whether there were any plans for a spin-off of either, like with Ferrari. The automaker reported an…

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Wal-Mart e-commerce investment arm names new retail startup CEO

April 24, 2017 (Reuters) – Wal-Mart Stores Inc , the world’s no.1 retailer, said its recently launched startup investment arm, Store No 8, has hired Jenny Fleiss as the chief executive of its first portfolio company. Fleiss will run code eight, a startup that will develop personalized, one-to-one shopping experiences. Fleiss is the co-founder and former head of business development of Rent the Runway, a designer fashion rental company. (http://bit.ly/2pcJ3Xd) Silicon Valley-based Store No 8, launched in March to expand Wal-Mart’s e-commerce business, plans to work with startups that specialize…

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Snap stock falls as alleged CEO comments rile some on social media

April 17, 2017 SAN FRANCISCO (Reuters) – Shares of Snap fell 1.5 percent on Monday as the Snapchat owner faced criticism for comments allegedly made by its CEO about not prioritizing growth in India and Spain because they were “poor” countries. The dip put Snap on track to close at its lowest level in nearly a month, a bad sign following its $3.4 billion public listing that was the hottest by a technology company in three years. Twitter users using the #boycottsnapchat hashtag called for uninstalling the Snapchat app after…

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JPMorgan shareholders to vote again on separate chairman and CEO

April 5, 2017 NEW YORK (Reuters) – JPMorgan Chase & Co shareholders will again vote on a proposal calling for the board to select a chairman who is not the company’s chief executive, according to a proxy statement filed on Wednesday for the company’s annual meeting on May 16. The board said in the proxy that it is against the measure, which was proposed by a shareholder who contends that good corporate governance requires a independent chairman. The board and current Chairman and Chief Executive Jamie Dimon have defeated similar…

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