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    • turnaround strategy

    Intel receives billion-dollar Apollo offer while Qualcomm comes under fire
    Frisco

    Intel receives billion-dollar Apollo offer while Qualcomm comes under fire

    (Bloomberg) — Apollo Global Management Inc. has offered Intel Corp. a billion-dollar investment, people familiar with the matter said, signaling the chipmaker’s confidence in its turnaround strategy and offering an alternative to a potential takeover by larger rival Qualcomm Inc….

    Posted on Bronwen Cerys
    Hain Celestial’s turnaround strategy is showing initial results, but more work is needed to prevail over the competition
    Enterprise

    Hain Celestial’s turnaround strategy is showing initial results, but more work is needed to prevail over the competition

    Hain Celestial (HAIN) investors seem to be welcoming the positive signs of the company’s turnaround strategy, but there is still a lot of work to be done for the snack and wellness company. On Tuesday, chipmaker Terra beat Wall Street’s…

    Posted on Idris Bevan
    Macy’s reports second-quarter sales decline as company doubles down on new strategy versus acquisition deal
    Tennessee

    Macy’s reports second-quarter sales decline as company doubles down on new strategy versus acquisition deal

    Macy’s (M) reported another quarter of declining sales, a month after the company rejected a $6.9 billion takeover offer. On Wednesday, Macy’s reported a 3.8 percent year-over-year decline in net sales to $4.9 billion, below estimates of $5.06 billion. Store…

    Posted on Eira Gwyneth
    Chipotle shares plunge after company loses star CEO: Time to buy?
    New Jersey

    Chipotle shares plunge after company loses star CEO: Time to buy?

    Shares of Chipotle Mexican Grill (NYSE:CMG) fell 7% on August 13 after the company announced the abrupt impending departure of its CEO Brian Niccol, who had led the fast-casual restaurant chain since 2018. Niccol will take on the same role…

    Posted on Seren Anwen

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