Tag Archives: board

Nvidia results, forecast beat estimates across the board as China sales slow ‘significantly’

Nvidia results, forecast beat estimates across the board as China sales slow ‘significantly’

Nvidia (NVDA) reported its fourth quarter earnings after the bell on Wednesday, beating analysts’ expectations on the top and bottom lines. For the quarter, Nvidia reported adjusted earnings per share (EPS) of $5.16 on revenue of $22.1 billion. Analysts were expecting EPS of $4.60 on revenue of $20.4 billion. That’s a massive jump from the same period last quarter when Nvidia reported EPS of $0.88 on $6.1 billion a year ago. To put a finer point on Nvidia’s performance, the company reported… Source link

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UPDATE 1-Google must bargain with YouTube worker union, US labor board rules

UPDATE 1-Google must bargain with YouTube worker union, US labor board rules

(Adds comments from Katie-Marie Marschner in paragraphs 9 and 10) By Daniel Wiessner Jan 4 (Reuters) – Alphabet Inc’s Google violated U.S. labor law by refusing to bargain with a union representing contract workers for YouTube Music, a federal agency has ruled. The National Labor Relations Board (NLRB) in a decision on Wednesday rejected claims by Google, which owns YouTube, that it should not be considered the employer of workers provided by staffing firm Cognizant Technology Solutions. The… Source link

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Tesla board directors testify Elon Musk’s 2018 ‘funding secured’ tweet consistent with deal talks

Tesla board directors testify Elon Musk’s 2018 ‘funding secured’ tweet consistent with deal talks

Tesla (TSLA) board members testified on Wednesday that Elon Musk’s 2018 Twitter posts about taking the electric-vehicle company private were consistent with what he related to the board about a potential take-private deal. Outside director James Murdoch, son of film and television titan Rupert Murdoch, took the stand among other former or current board members. The testimony is part of the class-action trial brought by company shareholders who contend they traded Tesla shares to their… Source link

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Tesla board directors testify Elon Musk’s 2018 ‘funding secured’ tweet consistent with deal talks

Tesla board directors testify Elon Musk’s 2018 ‘funding secured’ tweet consistent with deal talks

Tesla (TSLA) board members testified on Wednesday that Elon Musk’s 2018 Twitter posts about taking the electric-vehicle company private were consistent with what he related to the board about a potential take-private deal. Outside director James Murdoch, son of film and television titan Rupert Murdoch, took the stand among other former or current board members. The testimony is part of the class-action trial brought by company shareholders who contend they traded Tesla shares to their… Source link

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Salesforce-Elliott Management tensions heat up with looming board nominations

Salesforce-Elliott Management tensions heat up with looming board nominations

Activist investor Elliott Management, which recently took a multi-billion dollar position in Salesforce (CRM), is looking for a major overhaul of the company’s board, a person familiar with the matter tells Yahoo Finance. The source said that Elliott may put forth numerous candidates to join the Salesforce board ahead of the nominating window opening on Feb. 12, adding that Elliott is focused on nominating high quality candidates with diversity in mind. Elliott could be eyeing the removal of… Source link

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Nelson Peltz does not understand our business, ‘lacks skills’ to assist board

Nelson Peltz does not understand our business, ‘lacks skills’ to assist board

Disney (DIS) has hit back at activist investor Nelson Peltz amid its ongoing proxy battle with the hedge fund billionaire. “Nelson Peltz does not understand Disney’s businesses and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem,” Disney said in an updated proxy statement on Tuesday, adding: “The current Disney board is the right board for shareholders.” The company once again defended its stock performance under CEO Bob… Source link

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