AMD Chief Dirk Meyer resigns as CEO amid growth push
AMD announces Dirk Meyer resigns after leading through legal fights with Intel. Thomas Seifert named interim CEO as the board seeks a permanent replacement. Shares fell after hours, while revenue for the third quarter rose 16 percent to 1.61 billion and ATI integration aids competition.
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Duke Energy to Acquire Progress in $13.7 Billion Deal
Duke Energy will buy Progress Energy in a stock deal valued at 13.7 billion, creating the largest U.S. utility by customers and capacity. CEO Jim Rogers says the merger will cut costs and fuel expenses by 600 to 800 million over five years, though Progress shares slipped as investors questioned the price and regulatory exposure.
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Kasich to discuss Ohio auto jobs with Detroit carmakers
Ohio Governor Kasich plans a Detroit trip with Chrysler GM and Ford executives to discuss the state’s auto and manufacturing job outlook. OSU President Gee will join the meetings amid ongoing industry layoffs affecting Ohio workers. Chrysler seeks to refinance government loans and may pursue a stock offering, with debts totaling 7.4 billion owed to U.S. and Canadian governments.
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Hefner to lead buyout of Playboy over private reorganization
Hugh Hefner through Icon Acquisition Holdings LP wins approval for a $6.15 per share buyout of Playboy Enterprises Inc. as the publisher seeks to take the company private. Hefner controls about 70 percent of voting shares, guiding a shift toward brand management and licensing amid digital-age challenges.
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Playboy Magazine
Hugh Hefner
Playboy
Hefner
Playboy Enterprises Inc
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Icon Acquisition Holdings LP
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