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Apple Overhauls Leadership Ranks To Move Beyond iPhone

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In an attempt to lower its reliance on the iPhone, Apple is overhauling its leadership ranks and changing its priorities so that it is focused more on services, artificial intelligence, hardware and retail, reported The Wall Street Journal. Apple’s moves come at a time when demand for its iPhones is starting to slow.

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Lowe’s, PetSmart And Others Take On New Leadership

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Despite another quarterly earnings miss announced Wednesday (May 23), Lowe’s shares got a 9 percent bump mid-week after poaching JCPenney CEO Marvin Ellison on Tuesday, a move that garnered support from Bill Ackman’s Pershing Square Capital Management LP. PetSmart’s same-store sales fell 4.5 billion.

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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

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As such, automakers are hitting the venture capital highway in droves. In the rideshare arena, InMotion , Jaguar Land Rover’s venture capital arm, invested $25 million in a $600 million funding round for Lyft in 2017. DCM Ventures and Coatue Management also participated in the deal. Ridesharing. Self-Driving Taxis.

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Alphabet Fourth US Tech Firm To Hit $1 Trillion Value

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Apple and Amazon hit the trillion-dollar mark in the summer of 2018. Amazon hit the $1 trillion mark in September 2018, but never went beyond it and has since dropped below. Google is one of those critical, important leaders in multiple areas,” Michael Lippert, manager of Baron Capital Opportunity Fund, told the Wall Street Journal.

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Alphabet Market Cap Hits $1T

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Apple and Amazon hit the trillion-dollar mark in the summer of 2018. Amazon hit the $1 trillion mark in September 2018, but never went beyond it and has since dropped below. Google is one of those critical, important leaders in multiple areas,” Michael Lippert, manager of Baron Capital Opportunity Fund, told the Wall Street Journal.

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Mastercard CFO Retiring; Sachin Mehra To Take On Role

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Martina maintained the highest standard of leadership, strategic thinking, and financial stewardship in her years as CFO ,” said Banga in the press release. We have always been deliberate in the way in which we develop leaders as part of our succession program,” said Banga in the press release announcing the management changes.

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Auth0 Becomes Latest Unicorn With $103M Funding Round

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Other investors to participate include existing investors Bessemer Venture Partners, K9 Ventures, Trinity Ventures, Meritech Capital and World Innovation Lab. Sapphire Ventures led its $55 million Series D round in May of 2018. . Auth0 said it will use the funding to fuel its innovation pipeline.