- BusinessMarketWatch•6 hours ago
Burning Cypress: Ousted CEO wages bruising battle with company he built
T.J. Rodgers came to Silicon Valley in the 1970s as a graduate student at Stanford University, when the last fruit orchards were still battling with young semiconductor companies for space. Rodgers eventually founded Cypress Semiconductor Corp. (CY), based on his own chip invention, and became an outspoken but respected leader in the industry, known for combative stances that have ranged from protecting U.S. technology to fighting with shareholder nuns on diversity. It is the chairman, Ray Bingham, who sits at the center of the current mess because of his involvement with a private-equity firm reportedly funded by the Chinese government, amid a yearslong debate about China’s ability to buy U.S. chip companies and knowledge.
BusinessThe Street•11 hours agoThis Is How the Ongoing Death of Sears Could Force J.C. Penney Into a Drastic Decision
J.C. Penney (JCP) could be caught in the downdraft of its dying rival on the other end of the mall, and forced to close even more stores. "Our analysis suggests that Sears ( SHLD) revenue donation is providing a moderate near-term boost [to J.C. Penney] to sales and earnings ($54 million in revenue, and $0.03 in EPS). However, we believe that any further Sears store closings may increase the likelihood that J.C. Penney will have to accelerate the closure of lower-tier mall locations, adding meaningful medium-term revenue and EPS risk of about $150- 200 million and $0.09," wrote Credit Suisse analyst Christian Buss on Friday. Buss rates J.C. Penney shares at an under-perform. The analysis is
- BusinessBusiness Insider•2 days ago
MARK CUBAN: Here's 'the Amazon question' after the online retail giant spends $13.7 billion on Whole Foods
Mark Cuban, the billionaire investor and TV personality, used Twitter on Friday to weigh in on Amazon's announcement that it would acquire Whole Foods. Cuban said one question would determine whether the purchase by the online retail giant was a smart one. "The Amazon question," Cuban tweeted.
