Qualcomm CEO Sees ‘No Path to Value’ in Broadcom Tie-Up

Qualcomm chief executive Steve Mollenkopf on Thursday reaffirmed his opposition to a hostile takeover bid from computer chip rival Broadcom, saying the deal offers “no real path to value.” The comments came days after Singapore-based Broadcom escalated its efforts on a $130 billion bid by proposing a slate of directors to unseat the Qualcomm board of directors. Mollenkopf, speaking at an event hosted by The Economic Club of Washington, said that “we always have discussions” on potential tie-ups but that Qualcomm’s future is well-positioned as an independent company. He added that “we didn’t think the offer…

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Brainstorm Health: Aetna CEO on CVS Deal, Amazon Pharmacy, Halloween Candy

Yesterday’s report by the Wall Street Journal that CVS Health was “in talks” to buy health insurer Aetna sent ripples through much of the healthcare realm. The combination of CVS Health, the seventh-biggest company in the U.S. by revenue, with Aetna (No. 43 on the Fortune 500) would, if it were to go through, create a corporate behemoth with $240 billion in annual revenue across a wide swath of the healthcare continuum, from retail pharmacy and benefit management to insurance. As a rule, any creation of a new behemoth generates buzz. But this time, there has been equally…

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iPhone 10 Year Anniversary: Apple CEO Tim Cook Says ‘Best Is Yet to Come’

It all started ten years ago when Apple CEO Steve Jobs took centre stage at MacWorld 2007 in San Francisco to introduce the first ever iPhone. 2017 is a big year for Apple as it marks the tenth anniversary of the revolutionary mobile device, but January 9 is even more special, as it is the day Jobs took the stage to unveil it for the first time ever. In commemoration, Apple has issued a press release highlighting the journey of what it claims is the “gold standard” in the smartphone…

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Nestlé Turns to New CEO to Boost Health Push

After decades of trying to push into healthier foods, Nestlé SA is elevating a new chief executive—plucked straight from the health-care industry—to kick its effort into higher gear. Ulf Mark Schneider, 51 years old, takes the reins at Nestlé on Jan. 1. He spent the past 13 years heading German health-care giant Fresenius SE, which runs hospitals, makes medical equipment and supplies drugs and nutritional products. Nestlé, the world’s largest packaged-food company by revenue, is tapping that experience as it works to reinvigorate its drive to diversify away from the…

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Twitter CEO Jack Dorsey Says Tweet Editing Feature ‘Definitely Needed’ but Implementation Is Complicated

It’s the end of the year and Twitter CEO Jack Dorsey has now acknowledged that a tweet editing feature is “definitely needed” by the social networking website heading into 2017. Even though Dorsey admitted in his posts on the website that the feature is required, he seems to be unsure about the implementation of the feature at present. Jack Dorsey asked Twitter users on Wednesday, “What’s the most important thing you want to see Twitter improve or create in 2017?” In response to this question, Dorsey received requests for an…

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Uber CEO Says Demonetisation Is Beneficial and Surge Pricing Is Vital

On Thursday, Uber CEO Travis Kalanick spoke to NDTV’s Rajiv Makhni for an exclusive interview where he talked about a range of subjects, from autonomous cars, to demonetisation in India, to being named to the advisory team of US President-elect Donald Trump. He’s unsurprisingly predictable about some things, speaking in support of surge pricing, and India going cashless. Uber itself was born because Kalanick’s co-founder was stuck without any cabs in Paris, and had to walk home, he says. “I wish we could just push a button and get a…

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Gap CEO Blames Poor Results On Lack Of Big Fashion Trend

It’s been quite some time since Gap GPS -1.03% was at the forefront of fashion. Some have pointed to the general decline of malls as the source of the chain’s poor performance. Some have pointed to deep discounting and a lack of new ideas for the once essential brand’s current lack of popularity. But on top of that, CEO Art Peck sees another significant challenge — a fundamental flaw in today’s fashion world that’s making it rough for the company to find its footing. At an annual retail conference hosted…

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