Groupon's problems in China, including a recent round of staff layoffs, have come as no surprise to analysts, who hold that the company rushed its plans in the country and relied too much on foreign expertise.
With the resignation of Steve Jobs as CEO on Wednesday, Tim Cook, long seen as "the operations guy" at Apple, must prove he is capable of taking full charge of the company.
Steve Jobs stepped down as Apple's CEO on Wednesday and Chief Operating Officer Tim Cook was named as his replacement. Jobs will remain with the company as chairman of the board.
Steve Jobs sent the following letter to Apple employees and board members upon his resignation as CEO Wednesday.
Here is the full text of Steve Jobs' resignation letter:
Apple's iconic CEO, Steve Jobs, is resigning and has asked the company's board of directors to tap COO Tim Cook as his replacement.
Apple co-founder Steve Jobs has stepped down from his position as CEO of the company and Tim Cook, Apple's chief operating officer, has been named to take the helm, Apple announced Wednesday.
Apple will post two bumper quarters for iPhone production in the second half of 2011, according to FBR Capital Markets analyst Craig Berger.
Here is the text of a letter sent by Steve Jobs to Apple employees, as he announced his resignation as Apple's CEO on Wednesday.
To those who know their IT outsourcing history, GE and offshoring are practically synonymous.
No one likes to address workplace conflicts -- not the employees who get embroiled in them and especially not the employees' managers, who pretend they don't exist. After all, conflict is messy, often political, and requires confrontation -- an activ...
Microsoft said on Tuesday it will work with a Chinese operating system developer to create cloud computing products for the country's market, a move that could help the U.S. company sell to China's government agencies.
Business continues as usual for Hewlett-Packard's PC unit, which will continue to support and sell products as the company explores options to spin off or sell the Personal Systems Group, HP said on Monday.
Six months after laying out his "strategic vision" for HP, CEO Leo Apotheker took the actions to realize it. And abandoned the mobile computing space.
With Hewlett-Packard (HP) likely spinning off its PC manufacturing business, other major vendors will almost certainly be looking for a way to get a bigger piece of the hardware pie.
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First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.