Qualcomm Inc, the world’s biggest maker of cellphone chips, unexpectedly named Chief Operating Officer Steve Mollenkopf as chief executive on Friday, heading off the possibility he might be poached to run Microsoft Corp. Mollenkopf had been in line to eventually succeed CEO Paul Jacobs, the 51-year-old son of a Qualcomm […]
Business News
Dangote Plans $16bn Investment in Africa
Dangote Group, the Nigerian company controlled by Africa’s richest man Aliko Dangote, plans to invest about $16 billion in cement, petrochemicals and agriculture over the next four years to boost expansion. According to the President of the group, the investment will help the Lagos-based company grow by almost a third […]
Hilton Worldwide raises over $2.3 billion in biggest-ever hotel IPO
Hotel operator Hilton Worldwide Inc BLKSHW.UL raised $2.34 billion in its IPO on Wednesday, returning to the public markets some six years after Blackstone Group LP (BX.N) took it private in one of the largest deals of the leveraged buyout boom. Hilton, whose brands include such high-end names as Conrad […]
