Hires | Common News Update

Oct112018 by adminNo Comments

Apple hires engineers from UK company Dialog

Apple is adding 300 computer chip engineers to its team after striking a deal to hire them from one of its British suppliers.It is paying Dialog Semiconductor $ 300m (£227m) for the acquisition, which also includes some of the Reading-based company's patents and facilities.Apple has long used Dialog's products to monitor and control power consumption in its iPhones and iPads.The deal represents one of Apple's biggest takeovers in headcount terms. "Dialog has deep expertise in chip development and we are thrilled to have this talented group of engineers who have long supported our products now working directly for Apple," said the handset-maker's hardware technologies chief Johny Srouji.Staff involved are based in: Swindon L...

Jul202018 by adminNo Comments

NEC-owner hires bankers for £800m sell-off

Business

The group behind some of Britain's biggest exhibitions and events venues has hired bankers to oversee an £800m auction that will generate unprecedented windfalls for its private equity backers. Sky News has learnt that NEC Group, which was sold by Birmingham City Council for just over £300m less than four years ago, has hired Bank of America Merrill Lynch (BAML) to launch a sale process within weeks.The NEC, which is majority-owned by LDC, the private equity division of Lloyds Banking Group, counts Birmingham's National Exhibition Centre, the International Convention Centre and the Genting Arena among its assets.Sources said that BAML had been appointed to handle the sale partly because of its ability to provide an immediate debt package to the NEC's acquirer.The...

Apr82018 by adminNo Comments

PNB hires lawyers to represent itself in bankruptcy proceedings of Nirav Modi firm in US

Finance

NEW DELHI: State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond, a group company of billionaire diamantaire Nirav Modi who is accused of defrauding the lender of over Rs 13,000 crore.Firestar Diamond approached a bankruptcy court in New York court in February."We have just engaged lawyers to represent our bank in the US bankruptcy petition as part of recovery process. If money has gone from our system and parked in that company, our bank's views should be heard before deciding about insolvency petition," PNB Managing Director Sunil Mehta said.Without disclosing the name of the lawyers, he said the bank is legally engaged in the matter of insolvency proceedings of Firestar Diamond and the concerned author...

Apr12018 by adminNo Comments

Chipmaker Imagination hires Li as new CEO

Business

The British microchip developer Imagination Technologies has hired a semiconductor industry veteran as its new chief executive following last year's‎ £550m Chinese-backed takeover.Sky News has learnt that the company, which was forced to put itself up for sale after losing Apple as a customer, will announce this week that Leo Li is taking the helm.Mr Li, who chairs the Global Semiconductor Alliance, will replace Andrew Heath, who was appointed just two years ago to spearhead a turnaround of the business.The new boss has held senior roles at other major players in the sector, including as CEO of Spreadtrum Communications and co-president of Tsinghua Unigroup.His experience of fast-growing Asian markets is expected to be valuable to Imagination, which is increasing its exposure to China thro

Aug282017 by adminNo Comments

Uber hires new chief executive from internet giant

Technology

Uber has picked former Expedia boss Dara Khosrowshahi as its new chief executive to lead the firm out of a nearly year-long crisis.Mr Khosrowshahi will take on the tasks of repairing frayed relations with investors and making the business profitable after seven years of losses.He replaces co-founder Travis Kalanick, who was ousted in June over concerns about his behaviour.Image:Travis Kalanick's was ousted from the top job in JuneThe taxi company's board of directors voted to pick Mr Khosrowshahi on Sunday, but an announcement has not yet been made publicly.A Silicon Valley outsider, Mr Khosrowshahi beat chairman of General Electric Jeff Immelt to the top job.He also fought off competition from Hewlett Packard Enterprise chief executive Meg Whitman, who was a leading candidate, according t...