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 Citrix CEO announces retirement
Sun-Sentinel (Fort Lauderdale, Florida), July 29, 2015 Wednesday

 Mark Templeton, who led Fort Lauderdale-based Citrix Systems Inc. into becoming a technology powerhouse with 100 million users and $3 billion in annual sales, announced he will retire as soon as a successor is appointed.
 Novartis Spinoff Shows Alternative to Big Drug Makers
The New York Times, July 30, 2015 Thursday

 Biotechnology investors can be better than big pharmaceutical companies at valuing and nurturing small drugs. Recognizing this, Novartis is spinning three drugs in development into a new entity backed by British investors. With biotech markets hot, there's room for copycat deals.
 R.B.S. Share Sale
The New York Times, July 30, 2015 Thursday

 LONDON -- The Royal Bank of Scotland said on Wednesday that it had sold $2.2 billion in shares of the Citizens Financial Group, an American retail bank, in a larger-than-expected offering as it further reduces its stake in the lender.
 Chemical Merger
The New York Times, July 30, 2015 Thursday

 LONDON -- The Belgian chemical company Solvay said on Wednesday that it had agreed to acquire its American rival Cytec Industries for $5.5 billion in cash. Solvay said the deal was expected to widen its scale, particularly in sales to the aerospace sector. It also expects Cytec to complement its business serving the automotive market.
 Carlyle Profit Slips, but Tops Forecasts
The New York Times, July 30, 2015 Thursday

 The Carlyle Group's profit fell in the second quarter, but the private equity behemoth still exceeded expectations, bringing in more cash from the sales of stakes in companies it owns. Carlyle, based in Washington, said on Wednesday that profit in the second quarter -- a measure that includes gains that have not been realized -- fell by 43 percent, to $180 million, from the same period a year earlier.   But the firm's distributable earnings -- a measure of the cash generated by the firm and...
 Barclays Makes Gains, but Boss Aims Higher
The New York Times, July 30, 2015 Thursday

 LONDON -- Barclays reported improved second-quarter earnings on Wednesday, but its new chairman said the lender would speed up its overhaul, curtail ''marginal'' activity and leave its 2015 dividend the same. The chairman, John McFarlane, who has a reputation for taking a hands-on approach to cutting costs, is leading the bank until it finds a successor for Antony Jenkins, who was forced out on July 8 after the directors lost confidence in his ability to improve returns for shareholders.   ...
 Facebook's costs leap; shares waffle; Stock goes for a ride despite 'solid' earnings results
USA TODAY, July 30, 2015 Thursday

 Facebook shares edged between gains and losses after-hours as executives spoke during a conference call about their Street-beating quarter, where sales and users -- as well as expenses -- grew.
 BUSINESS BEAT; CBRE posts a sharp jump in profit
Los Angeles Times, July 30, 2015 Thursday

 CBRE Group Inc., the world's largest commercial real estate brokerage, reported a 12% jump in revenue during the second quarter to $2.4 billion, fueled in part by investors pouring more money into properties around the globe.
 BUSINESS BEAT; Anthem again hikes its forecast for 2015
Los Angeles Times, July 30, 2015 Thursday

 Anthem has pumped up its 2015 forecast again after earnings jumped more than 17% in its most recent quarter, helped by a surge in government money. The Blue Cross-Blue Shield carrier now expects 2015 adjusted earnings to top $10 per share, up from an upgraded forecast in April to greater than $9.90 per share.
 Whole Foods sales take hit
Los Angeles Times, July 30, 2015 Thursday

 Whole Foods Market Inc. says its sales are hurting from bad publicity over its overcharging of customers in New York City. The grocery chain known for its organic offerings noted Wednesday that sales growth slowed sharply in the last two weeks of the quarter that ended July 5. That was after New York City officials said an audit found that the chain's stores were overcharging customers by overstating the weight of pre-packed products -- a finding that made national news.
 U.S. Markets Advance After a Five-Day Decline
The New York Times, July 29, 2015 Wednesday

 Global stocks steadied and United States markets advanced on Tuesday as investors were encouraged by strong results from UPS, Ford and other big companies. It is a reversal of five straight days of losses for American indexes. It is not uncommon for stocks to change course after several days in one direction, and investors say the market is still lacking the foundation for an extended rally.   ''We just don't see any significant catalyst that will move this market higher, even after last...
 A Smaller P.&G. Sets Its Next Leader
The New York Times, July 29, 2015 Wednesday

 Procter & Gamble has named David S. Taylor, its group president of global beauty, grooming and health care, as its next chief executive, a move that comes on the heels of a major corporate restructuring that the company hopes will help improve its sputtering growth. Mr. Taylor, who joined Procter & Gamble in 1980, will take charge of a global consumer products giant that has spent months vigorously slimming down. He will succeed the current chief executive, A. G. Lafley, who has led efforts to...
 Citrix Will Replace Chief, Bending to Elliott Management
The New York Times, July 29, 2015 Wednesday

 The activist hedge fund Elliott Management has scored another victory in its battle with a technology company. Citrix Systems said on Tuesday that it had agreed to make several changes, including replacing its longtime chief executive and giving Elliott a seat on the board.
 New A.I.G. Executive
The New York Times, July 29, 2015 Wednesday

 The American International Group said on Tuesday that it had hired Douglas A. Dachille as its chief investment officer, succeeding a longtime executive in the role.
 Dorsey lays out tough love for Twitter; Shares volatile after company beats Wall Street estimates, but user growth remains sluggish
USA TODAY, July 29, 2015 Wednesday

 Tuesday afternoon, Jack Dorsey, in a hoodie and a beard, spoke to Wall Street for the first time. His hotly anticipated remarks came during the company's quarterly earnings call with analysts, his first since returning to Twitter as interim CEO.
 China erases $56B in U.S. riches; Alibaba stock appears to be worst offender
USA TODAY, July 29, 2015 Wednesday

 The Chinese stock implosion is starting to get serious. It's costing U.S. investors real money. The 144 China-based stocks with primary listings on major U.S. exchanges have erased more than $56 billion in paper wealth since the Shanghai Composite index peaked June 12. That's an enormous destruction of wealth that in effect wipes out the market value of a company the size of U.S. tech firm Hewlett-Packard.
 Optimism high for Facebook earnings; With mobile business booming, Wall Street expects big numbers
USA TODAY, July 29, 2015 Wednesday

 Facebook's mobile business is growing at such a heady clip that it has some competitors gasping to keep up. So it should come as no surprise that Wall Street is anticipating good things from the Menlo Park, Calif., company when it reports second-quarter financial results after the close of trading Wednesday.
 VW now world's No. 1 automaker; Despite sales slump in U.S., passes Toyota in first half of 2015
USA TODAY, July 29, 2015 Wednesday

 Volkswagen surpassed Toyota as the world's largest automaker in the first half of 2015, fulfilling a long-held goal, despite a sales slump in the U.S.
 Citrix CEO steps down, activist investor joins board, operational review to begin; Technology
The Miami Herald, July 28, 2015 Tuesday

 Citrix Systems' CEO Mark Templeton is retiring and a formal search is underway for the next leader, the Fort Lauderdale-based technology company said Tuesday in a series of late-day announcements that included its second-quarter earnings. The publicly traded Citrix, which specializes workplace virtualization software that lets users run software remotely, announced significant organizational changes. They align with suggestions that one of its activist investors, Elliott Management Corp., The...
 COMPANY TOWN; Keeping mum on Netflix data; Chief Content Officer Ted Sarandos won't reveal which show has the biggest audience.
Los Angeles Times, July 29, 2015 Wednesday

 It took just six minutes for Ted Sarandos, Netflix's chief content officer, to get hit with a question on viewership data Tuesday at the Television Critics Assn. press tour. And he answered with a chuckle. "Did you think if we did this early enough, I might be tired and fall into it?" Sarandos quipped. The streaming giant kicked off the biannual fete in Beverly Hills, in which TV networks -- and more and more, streaming services -- unveil their lineups for the coming season to the media. And...
 Air France-KLM cargo sinks deeper into the red
Journal of Commerce, July 27, 2015 Monday 12:04 PM GMT LONDON - Air France-KLM's cargo business is sinking deeper into the red as its second-quarter operating loss soared to 78 million euros ($86 million) from 45 million euros a year ago despite desperate cost-cutting measures.
 Kohl's discount pricing practices challenged | California lawsuits allege deception
Milwaukee Journal Sentinel (Wisconsin), July 28, 2015 Tuesday

 Kohl's Corp. is being targeted in two lawsuits in California over the retailer's longtime practice of promoting its merchandise as being heavily discounted.  Both actions allege that the discounts are false and that Kohl's does not routinely sell much of its merchandise at the "original" or "regular" prices. The fictitious discounts mislead shoppers into thinking they are getting bargains that are, in fact, illusions, the lawsuits claim.  In both lawsuits, the plaintiffs are asking federal...
 Darden hires new LongHorn president
Orlando Sentinel (Florida), July 28, 2015 Tuesday

 Darden is bringing back former executive Todd Burrowes to run LongHorn Steakhouse, the Orlando-based restaurant company said Monday. Burrowes has spent the past two years as the president, chief operations officer and chief concept officer at Ruby Tuesday Inc. Former LongHorn President Valerie Insignares left last week "to pursue other interests," according to a statement from Darden. Burrowes worked at LongHorn about 10 years before leaving for Ruby Tuesday as senior vice president of...
 QUALCOMM'S CHALLENGES REVIVE TALK OF SPLITTING UP BUSINESS; Chip, licensing arms would be their own entities if move made
The San Diego Union-Tribune, July 26, 2015 Sunday

 Qualcomm has been under pressure before in its 30 years in the wireless industry. But not like this. After five years of fast revenue and earnings growth, Qualcomm has hit a wall. Its sales, earnings and stock price are lagging. It faces pricing investigations in Europe and elsewhere. Last week, the San Diego company said it would slash its workforce companywide by 15 percent over the next year — or about 4,700 jobs. It pledged to trim $1.4 billion in expenses by the end of the 2016 fiscal year....
 Garmin preview puts focus on Wednesday earnings report
The Kansas City Star, July 28, 2015 Tuesday

 Olathe-based Garmin Ltd. releases its second-quarter earnings report Wednesday after that some of those numbers would disappoint. The maker of GPS-centered fitness, automotive and other equipment had said its revenues in the quarter would be between $770 million and $775 million and that earnings would range between 70 cents a share and 72 cents a share.

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