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Intel CEO out after consensual relationship with employee

Intel CEO Brian Krzanich has resigned after the company learned of what it called a consensual relationship with an employee. Intel said Thursday that the relationship was in violation of the company’s non-fraternization policy, which applies to all managers. Chief Financial Officer Robert Swan will take over as interim CEO immediately. …read more […]

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What trade war? FAANGs scale new highs

The five heavyweight stocks also powered the Nasdaq Composite (.IXIC) to a record high and helped the broader S&P 500 (.SPX) shrug off concerns over tariffs between the United States and China. Trade war worries have limited the benchmark S&P 500’s gain to about 3.5 percent this year, but the FAANG group, whose businesses are largely immune to trade and tariffs, has surged 10 times in this period. “We’re seeing a big question mark over global trade … and whenever you see the market get in trouble, it’s always important to look for leadership and isolate strength,” said …read more […]

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Naked Brand Shares Fly Skyward on Bendon Merger

Naked Brand and Bendom Limited officially completed their merger today. This comes after shareholders of NAKD voted in favor of the merger on June 11, 2018. The merger has both Naked and Bendon acting as wholly-owned subsidiaries of the new company Bendon Group Holding Limited. …read more […]