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2008-12-11 13:09:44

California tech giant Yahoo! Inc. began layoffs this week, amid rumors of a potential new chief executive officer candidate. Yahoo! CEO Jerry Yang has said he will step down from his post. Unconfirmed reports point to Vodafone CEO Arun Sarin as one candidate under consideration by Yahoo!'s board, USA Today reported Thursday. ARM Research analyst Jonathan Yarmis said Yahoo! was unlikely to get a CEO until a search deal is done or not, referring to questions surrounding Yahoo!'s search...

2008-09-30 00:00:26

Business News In Brief TELECOMS Mobile phone giant Vodafone has promoted two directors to run its emerging markets division and appointed a new UK chief executive, in the latest move by chief executive Vittorio Colao. Earlier this month, Vodafone said it would separate its emerging markets division into two and hire two new bosses to focus on the group's higher growth markets. Nick Read, chief executive of Vodafone UK, has been appointed chief executive of its Asia Pacific and Middle East...

2008-09-25 15:00:42

VODAFONE, the world's largest mobile phone company, is expected to report a full-year profit this week because of rising sales in India and Turkey and increased demand for wireless Internet services. Net income was (PndStlg)6.35 billion (NZ$15.9 billion), compared with a loss of (PndStlg)5.43 billion a year earlier, according to the average estimate of 13 analysts compiled by Bloomberg. Sales for the year ended in March rose 14 per cent to (PndStlg)73.05 billion, based on 28 estimates....

2008-09-10 09:00:36

Vodafone announced the reorganization of its business structure and top management Tuesday, splitting in two its emerging-markets division and appointing a new boss for Europe. Vodafone, the world's largest mobile phone operator by revenue, said it had appointed Michael Combes, the former finance director of France Telecom, as the new chief executive for Europe and said Paul Donovan, chief executive of the emerging-markets division, would leave. The group also announced that under the new...

2008-09-10 00:00:20

By Sarah Arnott Vittorio Colao, the new chief executive of Vodafone, has made his first big mark on the business with a package of personnel and organisational changes that include the departure of one of his rivals in the race for the top job. The reshuffle is the first big change since Mr Colao took over from Arun Sarin in July. The biggest decision is to split up the vast Emapa division, which covers eastern Europe, the Middle East, Africa, Asia-Pacific and "Affiliates", including...

2008-08-04 12:01:06

Deputy chief executive Vittorio Colao became the boss of Vodafone yesterday after taking on the role held by Arun Sarin for the past five years. The handover at the company's annual meeting came as shareholders voted on Vodafone's Pounds 1bn share buyback scheme, announced last week after its stock crashed in price on a disappointing trading update. The move was overwhelmingly supported by shareholders with 99.6 per cent of those who voted by proxy giving their approval. Mr Colao...

2008-08-01 18:00:27

By Daily Mail, London Jul. 28--AAR TIGHTENS ITS GRIP: AAR is ready to escalate its fight for control over the controversial joint venture TNK-BP unless it can negotiate a settlement with British oil major BP. The Russian shareholders are already consolidating their position on the board of TNK-BP following the departure to a secret location of the business" chief executive Bob Dudley who fled the former Soviet state last week before his visa ran out. Now AAR's bosses have put...

2008-07-30 15:01:01

By TIM SHARP NEW Vodafone chief executive Vittorio Colao has promised no let- up in the company's expansion plans despite signs that it is vulnerable to slowing economic growth. Colao, who took over from Arun Sarin yesterday, goes into office in the middle of another rocky period for Vodafone after a quarterly update last week showing sharply falling revenues from its Spanish operations prompted a 13.5per cent fall in its share price. Colao said: "I like speed. To do things fast and do...

2008-07-28 15:00:50

By DOUGLAS HAMILTON VODAFONE Group warned the City yesterday that this year's profits would be around the bottom end of its forecast range because of weaker-thanexpected equipment revenue and tough economic conditions. Traders savaged the company's stock, wiping about GBP10bn off its market value. The company's shares, which are among the most widely held in the UK, tumbled nearly 15per cent on the London Stock Exchange soon after the trading update was posted. They later closed 20.25p...

2008-07-28 06:01:06

By Kate Holton Vodafone's incoming chief executive, Vittorio Colao, will need to combine his analytical mind with the discipline learned as a reserve officer in the Italian carabinieri when he starts his job this week. Colao, a windsurfing enthusiast, will also have to prepare for the roller-coaster ride that will invariably come with being the head of the world's largest mobile phone company by revenue. He was welcomed in May as the obvious choice for chief executive because of his...


Word of the Day
kenspeckle
  • Having so marked an appearance as easily to be recognized.
This word may come from the Swedish 'kanspak,' quick at recognizing persons or things, or else from confusion with 'conspicuous.'