Microsoft on Thursday took an unexpected $900 million charge to account for what it called "inventory adjustments" for the Surface RT, the poor-selling tablet that debuted last year. Later on in the day, Microsoft held a conference call ...
Tags: Microsoft, Computer Products, software
Microsoft's Business Division (MBD), the company's biggest money maker for 10 out of the last 11 quarters thanks to its Office cash cow, was not immune to the historic decline in PC sales, Microsoft acknowledged Thursday. MBD recorded ...
Tags: PC Sales, Office Revenue
From 1 July the Finnish timber and paper giant Stora Enso will have a new business division called Printing and Living. The newly created division ensues from the consolidation of the former Printing and Reading division with the Building ...
Tags: Stora Enso, Printing
Microsoft's profits for the third quarter jumped 19 per cent as its core Windows division reported higher sales, despite reports of tanking sales for personal computers. Microsoft's Q3 earnings report follows figures released by IT ...
Tags: PC, Microsoft, Consumer Electronics
Antifriction bearing maker SKF announced recently, Henrik Lange, SKF industrial marketing strategy industry president, will replace Tore Bertilsson to hold the post of CFO. SKF president of Asia Rakesh Mahija is names as the new president ...
China Specialty Glass AG (CSG) hereby announces that the CFO Michael Lee has resigned from his offices due to personal reasons. The supervisory board accepts his withdrawal, which comes into immediate effect. Mr. Lee has been with CSG since ...
Tags: China Specialty Glass AG, CSG, CFO
Cherokee Inc. a global marketer of style-focused lifestyle brands, announced that Mark DiSiena has resigned as Chief Financial Officer of the Company in order to pursue other career opportunities, effective February 25, 2013. Commenting ...
Tags: Cherokee, style-focused lifestyle brands, Jason Boling, CFO
IT applications integrator and reseller 2e2 has entered administration, after weeks of negotiations with investors failed to find a solution for the Berkshire-based firm's £270m debts. Some 319 UK sales and admin staff have already ...
Tags: 2E2, IT applications, McAfee enterprise
Belgian food retailer and foodservice group Colruyt has announced its new CFO will be Marc Hofman, the current CEO of fellow Belgian food firm Ter Beke. Hofman will take up the role on 1 April, Colruyt said yesterday (7 January). He ...
Tags: food retailer, foodservice group, Colruyt, CFO, Marc Hofman, Ter Beke
Kumba appoints new CFO Kumba Iron Ore Limited today announces the appointment of Frikkie Kotzee as Chief Financial Officer,effective 1 June 2012.Frikkie,who is currently the Group Financial Director of African Oxygen Limited,replaces ...
Chinese infant formula group Synutra International has appointed Ning Cai as its CFO. Cai, who has 13 years of experience in corporate finance and investment banking, takes over from interim CFO Weiguo Zhang who will remain as group ...
Tags: Synutra International, CFO Role, Scotia Capital, Ning Cai
Avaya has appointed a new chief financial officer (CFO), coinciding with its latest results showing falling revenues. The communications firm announced this week it had hired Dave Vellequette from JDS Uniphase as the new CFO, but failed ...
Tags: Avaya, falling revenues, communication, finance
Sutor Technology Group Limited announced that it has appointed Mr Naijiang (Eric) Zhou as its Chief Financial Officer, effective December 14th 2012. Over the last three years, Mr Zhou has served as the Vice President of Finance of Sutor ...
Tags: Energy and Mineral Resources, Sutor Technology, Metallurgy, CFO
Life Partners has appointed Scott Dubs as its chief financial officer, who has 36 years of financial experience, including 12 years as an auditor with Price Waterhouse Coopers and 24 years as CFO/VP of Finance. Dubs has succeeded Dave ...
Tags: Scott Dubs, chief financial officer, Life Partners, life insurance
Hub International has named Joseph Hyde as the chief financial officer (CFO) of the firm effective from 15 August 2012, who will report Martin Hughes, chief executive officer. Martin Hughes said, "Given Joe's extensive financial and ...
Tags: Hub International, Joseph Hyde, CFO, insurance, insurance company