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☆ Logitech CEO Hanneke Faber: Sales growth will be 'gradual' due to external headwinds
▼ + stars: | 2024-01-23 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLogitech CEO Hanneke Faber: Sales growth will be 'gradual' due to external headwindsLogitech CEO Hanneke Faber discussed the company's most recent quarterly report with CNBC's Jim Cramer, describing headwinds that may impede sales. These headwinds include smaller IT budgets and high office vacancies.

Persons: Hanneke Faber, CNBC's Jim Cramer Organizations: Logitech

COLUMBUS, Ohio (AP) — Several transgender candidates for state office in Ohio are facing challenges and even outright disqualification for omitting their former names from petition paperwork under a little-known state elections law, confronting a unique dilemma as they vie for office in increasing numbers in the face of anti-LBGTQ+ legislation. But state law mandates that candidates list any name changes in the last five years, though it isn't in the Secretary of State's 33-page candidate requirement guide. Michigan has a similar elections law, which mandates candidates list any name changes in the past decade, but it's not clear which others states have one. Political Cartoons View All 253 ImagesThe Ohio law has existed in some form since as early as the 1920s, and the current version has been in place since the 1990s. It's rarely been enforced in Ohio over the decades, usually in response to candidates wishing to use a nickname on the ballot.

Persons: —, Bobbie Arnold, Arienne, Angie King, It's, Vanessa Joy, Joy, it's, Frank LaRose, ” LaRose, Zephyr, “, Ari Faber, Arnold, Childrey, potty, ” ___ Samantha Hendrickson Organizations: Democratic, Republican, Ohio House, Senate, Montgomery County, Associated Press, Ohio Supreme, Washington County, Ohio Democratic Party, AP, Zooey, America Statehouse News Initiative, America Locations: COLUMBUS , Ohio, Ohio, West Alexandria, Montgomery, Auglaize County, Michigan, Stark County, Stark, Montana, Athens , Ohio

☆ James Gorman talks Disney succession, proxy fight as he gears up to join board
▼ + stars: | 2023-12-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Morgan Stanley CEO James Gorman said Thursday that he's gearing up to join a succession planning committee at Disney , which will advise the board on choosing CEO Bob Iger's successor. Trian said it would push for Peltz and former Disney executive Jay Rasulo to join the board. "Disney is forming a succession committee, which I'll be joining," Gorman told CNBC's David Faber. Disney said Gorman was referring to the succession committee the company announced in January. Before he ended his previous reign as CEO, Iger renewed his contract multiple times.

Persons: Morgan Stanley, James Gorman, Bob Iger's, Gorman, Jan, Jeremy Darroch, Nelson Peltz, Trian, Jay Rasulo, CNBC's David Faber, Morgan Stanley's, he's, Disney, Iger, Bob Chapek Organizations: Disney, Sky, CNBC

☆ Jim Cramer on Elon Musk: An unfiltered person who answers to absolutely no one
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer on Elon Musk: An unfiltered person who answers to absolutely no oneCNBC’s Carl Quintanilla, Jim Cramer and David Faber discuss Elon Musk's interview at The New York Times DealBook Summit.

Persons: Jim Cramer, Elon, Carl Quintanilla, David Faber, Elon Musk's Organizations: The New York Times DealBook

☆ Activist investor Nelson Peltz seeks two seats on Disney board as potential proxy fight looms
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActivist investor Nelson Peltz seeks two seats on Disney board as potential proxy fight loomsCNBC's David Faber reports on the latest news from Disney.

Persons: Nelson Peltz, CNBC's David Faber Organizations: Disney

☆ Shareholder resistance? Potential Cigna-Humana deal faces pushback
▼ + stars: | 2023-11-30 | by ( David Faber | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShareholder resistance? Potential Cigna-Humana deal faces pushbackCNBC's David Faber reports on the latest developments in the potential Cigna-Humana merger.

Persons: pushback CNBC's David Faber Organizations: Humana

☆ Stocks making the biggest moves premarket: General Motors, Petco, Foot Locker and more
▼ + stars: | 2023-11-29 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Petco — Shares of the pet retailer plummeted 17% after reporting a third-quarter loss of 5 cents per share. Analysts had anticipated the company would earn 2 cents per share on revenue of $1.51 billion, according to a LSEG survey. CrowdStrike — Shares of the cybersecurity company gained 2.7% after it reported positive third-quarter earnings and raised its fourth-quarter forecast. The results topped estimates of 74 cents per share on revenue of $777 million expected by analysts, according to LSEG. The company, which was slated to report its third-quarter earnings after the bell on Wednesday, posted its results early.

Persons: TD Cowen, Steve, Hormel, LSEG, NetApp, CrowdStrike, Okta, Phillips, Elliott, CNBC's David Faber, —, Macheel, Jesse Pound Organizations: Toyota, AstraZeneca, pharma, LSEG, General Motors, GM, JMP Securities, Elliott Management Locations: Tuesday's, U.S

☆ Stocks making the biggest moves midday: Foot Locker, General Motors, Phillips 66 and more
▼ + stars: | 2023-11-29 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Late Tuesday, the company reported fourth-quarter earnings of 2 cents per share, topping the FactSet consensus estimate of a loss of 7 cents per share. Foot Locker — The footwear retailer gained 17% after Foot Locker topped analysts' expectations in its third quarter. The company also issued third-quarter earnings guidance and a full-year forecast that came ahead of what the Street anticipated. Workday — The enterprise cloud stock popped 12% after Workday reported third-quarter results that exceeded expectations. Phillips 66 — Phillips 66 gained 3.6% after Elliott Investment Management on Wednesday said it took a $1 billion stake in the company.

Persons: Locker, CrowdStrike, General Motors, Vestis, Phillips, — Phillips, CNBC's David Faber, Jabil, Hormel, LSEG, —, Alex Harring, Darla Mercado Organizations: Rover, Blackstone, Fluence Energy, Revenue, LSEG, General, GM, United Auto Workers, Hewlett Packard Enterprise, Elliott Investment Management, Petco, Wellness, Hormel

☆ Elliott takes $1 billion stake in Phillips 66, seeks two board seats
▼ + stars: | 2023-11-29 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is seeking as many as two board seats in a push to improve the company's performance, according to a Wednesday letter from the activist investor. Elliott's push for the board seats comes as Phillips has underperformed its competitors Marathon Petroleum and Valero . Elliott backed CEO Mark Lashier's plan to improve the company's performance. The CEO plans to do this through a more than $1 billion improvement in Phillips' refining segment, selling $3 billion in noncore assets and increasing the company's long-term capital return policy. Elliott said Phillips 66's stock has an upside of 75% from its last closing price of $118 if the company executes on these goals.

Persons: Phillips, CNBC's David Faber, Elliott, John Pike, Mike Tomkins, Mark Lashier's Organizations: Elliott Investment Management, Phillips, Marathon Petroleum, Valero

☆ Stocks making the biggest moves midday: PDD Holdings, Micron, Boeing, Twilio and more
▼ + stars: | 2023-11-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday: PDD Holdings — U.S.-listed shares of the international ecommerce company jumped more than 18% after PDD posted a big earnings and revenue beat . PDD, the parent of Pinduoduo and Temu, reported a whopping 94% year-over-year increase in revenue for its third quarter. Micron Technology — Micron Technology's stock fell nearly 3% even after the memory chipmaker boosted its revenue guidance for its fiscal first-quarter. Twilio — The enterprise software stock jumped nearly 4% after CNBC reported activist investor Anson Funds has built a stake in Twilio. U.S. Steel — Shares added 1.7% in midday trading.

Persons: PDD, Ken Herbert, Twilio, Anson, Crocs, Raymond James, it's, CNBC's David Faber, Ogsiveo, Dow, Carlyle, Jefferies, nLight, Alex Harring, Samantha Subin, Lisa Han, Spencer Kimball, Jesse Pound Organizations: PDD Holdings —, Micron Technology, Micron, Boeing —, RBC Capital Markets, CNBC, . Steel, Steel, U.S . Steel, SpringWorks Therapeutics, Food and Drug Administration, Therapeutics, Carlyle, Dow Jones Indices, underperform Locations: Ireland, China, Twilio, Cleveland, United States

☆ Here's where Jim Cramer stands on Amazon amid speculation about big Bezos stock sales
▼ + stars: | 2023-11-21 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Jim Cramer said Tuesday he wants more clarity around why Amazon founder Jeff Bezos is aggressively selling shares. "I don't think anyone wants to be on the other side of Jeff Bezos selling," he added. The tech mogul on Tuesday could offload as many as 8 million to 10 million Amazon shares worth over $1 billion, according to CNBC's David Faber . While those are big numbers, more than 53 million shares of Amazon have traded hands as of late Tuesday afternoon. Tuesday's decline in Amazon shares follows an impressive rally of nearly 15% in the past month following better-than-expected third-quarter results in late October.

Persons: selloff, Jim Cramer, Jeff Bezos, CNBC's David Faber, paring, Jim, Bezos didn't, Jim Cramer's, Paul Ellis Organizations: Amazon, Bloomberg, CNBC, Change Locations: Amazon, Glasgow, Scotland, Britain

☆ Jeff Bezos 'aggressive' again Tuesday selling more Amazon stock after unloading shares last week, sources say
▼ + stars: | 2023-11-21 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Jeff Bezos is expected to be "aggressive" in selling more shares of Amazon on Tuesday, sources told CNBC's David Faber. Bezos may sell as many as 8 to 10 million shares, which would amount to more than $1 billion worth of stock, the sources told Faber. Shares of Amazon are down about 2.6%. It comes after Bezos last week unloaded about $240 million worth of Amazon shares, according to financial filings. WATCH: Here's why Jeff Bezos is leaving Seattle for Miami

Persons: Jeff Bezos, CNBC's David Faber, Bezos, Faber, Bezos didn't, Bezos —, Bloomberg —, Lauren Sanchez, Sanchez Organizations: Amazon, Bloomberg, Fund, Seattle, Miami Locations: Maui, Seattle, Miami

☆ Stocks making the biggest moves midday: Amazon, Medtronic, American Eagle, Lowe's, C3.ai and more
▼ + stars: | 2023-11-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Kohl's — Shares dropped more than 9% after the retailer reported weaker-than-expected revenues for the third quarter. American Eagle Outfitters — The apparel retailer sank 16% after its operating income guidance for the full year came in weaker than expected. C3.ai — Shares of the artificial intelligence software company added 3.4% in midday trading following an upgrade to outperform from Oppenheimer. Baidu reported 34.45 billion yuan for the quarter, surpassing the consensus estimate of 34.33 billion yuan from analysts polled by LSEG. Lowe's — Shares of the home improvement retailer dipped 2.7% after Lowe's reported softer-than-expected revenue for the third quarter .

Persons: CNBC's David Faber, Jeff Bezos, Faber, Medtronic, Kohl's, Timothy Horan, Fitch, — CNBC's Brian Evans, Alex Harring, Jesse Pound, Tanaya Macheel, Sarah Min Organizations: Amazon, Burlington, LSEG, Eagle Outfitters, Oppenheimer, Baidu, VMWare, Broadcom, Dick's, Goods, Abercrombie, Technologies, Agilent Technologies Locations: Burlington

☆ 'Squawk on the Street' crew react to the shake-up at OpenAI
▼ + stars: | 2023-11-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Squawk on the Street' crew react to the shake-up at OpenAICNBC’s Carl Quintanilla, Jim Cramer and David Faber discuss the turmoil facing OpenAI following the ouster of CEO Sam Altman.

Persons: CNBC’s Carl Quintanilla, Jim Cramer, David Faber, Sam Altman

☆ Elon Musk defends OpenAI's cofounder Ilya Sutskever: 'He would not take such drastic action unless he felt it was absolutely necessary'
▼ + stars: | 2023-11-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Elon Musk says OpenAI's Ilya Sutskever wouldn't have fired Sam Altman unless it was necessary. "Ilya has a good moral compass and does not seek power," the former OpenAI board member said. "He would not take such drastic action unless he felt it was absolutely necessary," Musk continued. OpenAI's board said in a statement that Altman "was not consistently candid in his communications with the board" but has not given further details. AdvertisementMusk was previously on OpenAI's board of directors.

Persons: Elon Musk, Ilya Sutskever wouldn't, Sam Altman, Ilya, Musk, —, Ilya Sutskever's, Sam Altman's, OpenAI's, Altman, Greg Brockman, Sutskever, ChatGPT, Grok, CNBC's David Faber, OpenAI, Faber, Emmett Shear, Satya Nadella Organizations: CNBC, Service, New York Times, OpenAI, Microsoft, Musk, Business Insider Locations: OpenAI

☆ Why the golden age of remote work may be coming to an end
▼ + stars: | 2023-11-10 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

Finding fully remote work is getting challenging. "Some of the pushback remote work is driven by concerns about productivity," said Kory Kantenga, senior economist at LinkedIn. During the pandemic, remote work became the darling of the corporate world, and companies going fully remote became the new normal. "Remote work was thrust upon us basically by the pandemic," said Nicholas Bloom, professor of economics at Stanford University. "Before the pandemic, remote work was pretty rare.

Persons: Kory Kantenga, Nicholas Bloom, it's, Elon Musk, CNBC's David Faber, It's Organizations: LinkedIn, Census Bureau, Stanford University Locations: U.S, America, la la

☆ Watch CNBC's full interview with Liberty Media's John Malone on interest rates and industry outlook
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Liberty Media's John Malone on interest rates and industry outlookLiberty Media Chairman John Malone sits down with CNBC's David Faber to discuss his outlook on the media industry,

Persons: Liberty Media's John Malone, John Malone, CNBC's David Faber Organizations: Liberty, Liberty Media

☆ Surging Rangers pull away for win over Wild
▼ + stars: | 2023-11-10 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

[1/30] Nov 9, 2023; New York, New York, USA; New York Rangers goaltender Louis Domingue (70) during the first period against the Minnesota Wild at Madison Square Garden. Lafreniere snapped the tie when the Rangers capitalized on a Minnesota miscue. Trocheck also had a goal and two assists as the Rangers improved to 8-0-1 in the past nine games. Blake Wheeler added his first goal since signing with the Rangers when he scored on New York's first power play in the third. Brandon Duhaime scored for the Wild, who failed in a bid for their first three-game winning streak of the season.

Persons: Louis Domingue, Brad Penner, Alexis Lafreniere, Lafreniere, Minnesota's Marco Rossi, Panarin, Vincent Trocheck, Trocheck, Hall, Hall of Famer Rod Gilbert, Blake Wheeler, Igor Shesterkin, Jonathan Quick, Domingue, Lettieri, Wheeler, Brandon Duhaime, Marc, Andre Fleury, Minnesota . Dakota Mermis, Erik Gustafsson, Gustafsson, Fleury, Duhaime, Faber Organizations: New York Rangers, Minnesota Wild, Madison, Rangers, New, Hall of Famer, Pittsburgh Penguins, Eastern Conference, Minnesota, Minnesota ., Thomson Locations: New York , New York, USA, Minnesota, New York, York, Minnesota . Dakota

☆ Here's what streaming bundles could look like, according to Liberty Media's John Malone
▼ + stars: | 2023-11-09 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

"It could certainly happen if one was focused on one type of demographic and the other, another type of demographic," Liberty Media Chairman John Malone told CNBC's David Faber in an interview that aired Thursday. "Broadcast continues to survive, but is under real pressure as Big Tech competes for sports," Malone told CNBC. Disney already offers a three-way bundle plan of Hulu, Disney+ and ESPN+, which Disney owns. "The streaming version with ads will be part of the cable bundle," Malone, a former Charter board member, told CNBC. I would much rather see the cable companies be distributors of streaming in bundles and packages, because the two are kind of tied to the hip."

Persons: John Malone, CNBC's David Faber, Max, Malone, NBCUniversal's Peacock, Bob Iger, Iger, CNBC's Julia Boorstin, Disney didn't Organizations: Netflix, Hulu, Liberty Media, Warner Bros, Max, YouTube, Amazon, NFL Football, NFL Sunday, Big Tech, CNBC, Disney, ESPN, Communications, Charter Locations: Hulu

☆ What's Warner Bros. Discovery's next move? David Zaslav and John Malone offer clues
▼ + stars: | 2023-11-09 | by ( Alex Sherman | ) www.cnbc.com time to read: +7 min

In this article WBDPARA Follow your favorite stocks CREATE FREE ACCOUNTDavid Zaslav, CEO and president of Warner Bros. Media company valuations have been plummeting amid streaming video losses, traditional TV subscriber defections, and a down advertising market. Warner Bros. Warner Bros. Warner Bros.

Persons: David Zaslav, John Malone, Malone, David Faber, Zaslav, Faber, Bob Bakish, Simon & Schuster, Shari Redstone, David A, Peacock, Brian, Roberts, Puck's Dylan Byers, Warner Organizations: Warner Bros ., Liberty Media, Liberty Global, Qurate Retail Group, CNBC, Reuters Warner Bros, Media, Warner Bros, Discovery, Sirius XM, Sirius, Paramount Global, Paramount, Viacom, CBS, Allen, Co . Media, Technology Conference, Grogan, CNBC Paramount Global, Comcast, U.S, NBC Locations: U.S, Sun Valley , Idaho

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsLONDON, Nov 6 (Reuters) - Unilever (ULVR.L) top-10 investor Lindsell Train welcomed its recent management changes and said it had already discussed the consumer goods company's next steps with the incoming chairman. These moves demonstrated that Unilever thinks that a "fresh perspective on all aspects of the business is necessary", Nick Train, manager of the Finsbury Growth & Income Trust and co-founder of Lindsell Train, told Reuters. A bungled attempt to buy GSK's consumer healthcare business was followed by billionaire activist investor Nelson Peltz joining the board. "We maintain a productive open dialogue with the company and most recently met with the new (Unilever) chairman to hear his view on the most beneficial next steps," Train said. Matt Close, president of its ice cream business, will also leave after a more than three-decade career with Unilever.

Persons: Andrew Kelly, Nick Train, Hein Schumacher, Schumacher, Alan Jope, Nelson Peltz, Ian Meakins, Nils Anderson, Hanneke Faber, Priya Nair, Matt Close, Richa Naidu, Matt Scuffham, Alexander Smith Organizations: Unilever, REUTERS, Lindsell, Income Trust, Reuters, Thomson Locations: Manhattan , New York City, U.S, Finsbury

☆ 'Squawk on the Street' crew react to October jobs report
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Squawk on the Street' crew react to October jobs reportCNBC's Carl Quintanilla, Jim Cramer and David Faber break down the October jobs report.

Persons: CNBC's Carl Quintanilla, Jim Cramer, David Faber

☆ Logitech International Names Hanneke Faber Next Chief Executive
▼ + stars: | 2023-10-31 | by ( Denny Jacob | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/logitech-international-names-hanneke-faber-next-chief-executive-8b7bad08

Persons: Dow Jones, faber, 8b7bad08

☆ Computer parts maker Logitech appoints Hanneke Faber as CEO
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: 1 min

Technology category · October 30, 2023 · 1:37 PM UTCIndonesia's biggest tech firm PT GoTo Gojek Tokopedia will "prudently" make investment to maintain its market share after it reported a narrowed underlying losses in the third quarter, the company CEO said on Monday.

Persons: GoTo Gojek

☆ Why the case for owning Broadcom is compelling with or without its $61 billion takeover of VMWare
▼ + stars: | 2023-10-30 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

Club holding Broadcom 's (AVGO) investment prospects look bright – with or without cloud software maker VMWare (VMW) under its corporate roof. For now, though, the companies remain apart after Broadcom's planned $61 billion takeover of VMWare did not close Monday, as previously scheduled. AVGO YTD mountain Broadcom YTD With VMWare, Broadcom would be a company with sales split roughly 50-50 between its traditional semiconductor division — an artificial intelligence beneficiary — and software, which typically is higher-margin revenue. Without VMWare, Broadcom would have freed up its capacity to reward shareholders in a different, but still meaningful, way. Even with the buyback silver lining, our hope is Broadcom completes the VMWare deal because it should boost Broadcom's earnings over time.

Persons: Broadcom's, CNBC's David Faber, Jim Cramer, Hock Tan, Jim, Broadcom's Tan, CNBC's Faber, There's, Jim Cramer's, Broadcom Lucas Jackson Organizations: Broadcom, VMWare, Club, Nvidia, Google, European Union, Financial Times, U.S, Intel, Semiconductor, Qualcomm, NXP Semiconductors, Microsoft, Activision, CNBC Locations: United Kingdom, Japan, Canada, China, California, Beijing

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