BRUSA's Weekly News Roundup: May 11th Edition

By Bizclik Editor


Phillip Morris International CFO Hermann Waldemer will retire in July and be succeeded by Jacek Olzak, the current president of the company’s European Union region. – Associated Press, via BusinessWeek

The price of oil has dropped to its lowest point of 2012 thanks to slowed investment and industrial production growth in China. – Associated Press, via DailyFinance

Groupon’s annual report included a letter from CEO Andrew Mason to shareholders that acknowledged the “bumpiness” the company has faced as a result of its rapid growth and outlined a plan to make Groupon “the operating system for local commerce.” – Fox Business

Sprint has announced plans for an improved 3G network, expanded push-to-talk capabilities and an impressive LTE 4G experience. – PC Mag

Bed Bath & Beyond is taking the ‘beyond’ sphere to the next level by purchasing Cost Plus Inc. for $495 million. – LA Times

Apple and Amazon both earned high marks on this year’s edition of ForeSee’s annual e-retailer customer satisfaction report, based on surveys filled out by customers. Microsoft, on the other hand, scored at a level ForeSee says risks “loyalty, recommendations, sales and market share to competitors who score higher.” – PC Mag

Procter & Gamble will move its global skin, cosmetics and personal-care unit from its Cincinnati headquarters to Singapore in order to tap into Asia’s rapidly-growing beauty market. – Wall Street Journal

The FDA may approve the first over-the-counter HIV test, which will allow for at-home testing without medical supervision. – Washington Post


Featured Articles

People Moves: Pinterest, Amazon, DocuSign, KFC, Walmart Ca.

Following a number of key executive step-downs at Amazon, Pinterest and DocuSign, new executives have been brought on board in this week’s people moves

Microsoft, McDonald’s latest firms to run civil rights audit

Microsoft and McDonald’s join Amazon, Citi, JPMorgan and others in conducting civil rights audits, as investor pressure to achieve racial equity mounts

Deep dive: Investment in carbon capture rises as CO2 spikes

Investment in carbon removal solutions and startups is heating up as fast as the planet, with Temasek and CEMEX Ventures the latest VCs to launch funds

Dialight envisions a safe industrial world with LED lights


Top 10: Tech, cyber, 5G, cloud speakers at TECH LIVE LONDON

Technology & AI

Eight big announcements made at Davos 2022, from ESG to tech