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Top related persons:
Pat Gelsinger - 5 David Zinsner - 5 Michelle Johnston Holthaus - 5 Gelsinger - 3 Frank Yeary - 2 Yeary - 2 Carlos Tavares - 2 Tavares - 2
Top related locs:
Cleveland Commercial Metals Company — Cleveland
Top related orgs:
Intel - 5 Nvidia - 2 JPMorgan - 2 EMC - 1 Dell - 1 VMWare - 1 . Steel - 1 — - 1

Search resuls for: "Michelle Johnston Holthaus"


5 mentions found


☆ Intel's CEO steps down as chip maker tries to restore investor confidence
  + stars: | 2024-12-02 | by ( Will Martin | ) www.businessinsider.com   time to read: 1 min
AdvertisementIntel's longtime CEO Pat Gelsinger is stepping down, the company said in a statement Monday. Gelsinger leaves the chipmaker with immediate effect, vacating his role both as CEO and as a member of the board. AdvertisementTwo senior Intel executives, David Zinsner and Michelle Johnston Holthaus, will take interim charge during the search for a new CEO. Frank Yeary, Intel's chairman, thanked Gelsinger but said the company needed to restore investor confidence. AdvertisementIntel stock has almost halved this year, but rose 6% in premarket trading on Monday.
Persons: Pat Gelsinger, Gelsinger, David Zinsner, Michelle Johnston Holthaus, Frank Yeary, Yeary Organizations: Intel
☆ Intel CEO Pat Gelsinger Steps Down Amid Chipmaker’s Struggles
  + stars: | 2024-12-02 | by ( Danielle Kaye | Steve Lohr | ) www.nytimes.com   time to read: +1 min
Intel’s chief executive officer, Pat Gelsinger, stepped down after nearly four years leading the semiconductor company, Intel announced Monday, a surprise leadership change as the chipmaker has struggled in recent months. Mr. Gelsinger, who took the helm in 2021, also resigned from the company’s board of directors. He will be replaced in the interim by two Intel executives, David Zinsner and Michelle Johnston Holthaus. Intel recently cut 15,000 jobs, and its revenue declined more than 30 percent from 2021 through 2023. Shares of Intel rose about 5 percent in premarket trading, before paring back some of those gains, after the company announced Mr. Gelsinger’s retirement.
Persons: Pat Gelsinger, Gelsinger, David Zinsner, Michelle Johnston Holthaus, Gelsinger’s Organizations: Intel, Nvidia
☆ Intel's CEO steps down as chipmaker tries to restore investor confidence
  + stars: | 2024-12-02 | by ( Will Martin | ) www.businessinsider.com   time to read: +1 min
AdvertisementIntel's CEO Pat Gelsinger stepped down on December 1, the company said Monday. Intel's CEO Pat Gelsinger has stepped down, the company said in a statement Monday as the US-based chipmaker struggles to keep up in the global chip war. Gelsinger leaves the chipmaker with immediate effect, vacating his role both as CEO and as a member of the board. Frank Yeary, Intel's chairman, thanked Gelsinger and said the company needed to restore investor confidence. In 2012, he became CEO of cloud-computing firm VMWare, before returning to Intel as CEO in 2021.
Persons: Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Frank Yeary, Gelsinger, Yeary Organizations: Intel, Nvidia, EMC, Dell, VMWare
☆ Stocks making the biggest moves premarket: Gap, Tesla, Stellantis and more
  + stars: | 2024-12-02 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +1 min
Gap — The clothing retail stock jumped 4.7% after JPMorgan upgraded shares to overweight. Stellantis – Shares sank 9% after CEO Carlos Tavares stepped down from his role at the automaker, effective immediately. The company cited "different views" between Tavares and the board of directors as the reason for the departure. Goldman also initiated Commercial Metals Company as a buy, though shares of that company were flat premarket. Hasbro -- The toy and game company's stock ticked up 1.7% as investors monitored the sales results around Black Friday.
Persons: Carlos Tavares, Tavares, Tesla, Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Goldman Sachs, Mike Harris, Donald Trump's, Goldman, Stifel, —, Samantha Subin, Jesse Pound, Hakyung Kim nnd Sarah Min Organizations: JPMorgan, Intel, . Steel, —, Commercial Metals Company, Hasbro, Black Locations: Cleveland
☆ Stocks making the biggest moves midday: Super Micro Computer, Tesla, Intel, Stellantis and more
  + stars: | 2024-12-02 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
Tesla — The electric vehicle stock gained more than 3% after a Roth MKM upgrade to buy from neutral. The firm cited President-elect Donald Trump's close ties with CEO Elon Musk as a positive catalyst for Tesla's brand. Gap — Shares of the clothing retailer moved nearly 7% higher after receiving an upgrade to overweight at JPMorgan. Analyst Mike Harris said both cyclical and structural factors, including Trump's views on trade, could aid earnings growth for the broader industry. Dana — The auto parts manufacturer surged 14% on the heels of Barclays' upgrade to overweight from equal weight.
Persons: Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Tesla, Roth, Donald Trump's, Elon Musk, Stellantis, Carlos Tavares, Tavares, Goldman Sachs, Mike Harris, Goldman, Okta, Morgan, Morgan Stanley, Dana —, Yun Li, Sarah Min, Sean Conlon, Alex Harring Organizations: Intel, JPMorgan, Commercial Metals Company —, Metals, Barclays Locations: Cleveland, Commercial Metals Company — Cleveland
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