Looks like Google’s new CEO Larry Page is feeling the heat. He has promoted at least seven executives to head key parts of the company. The management reshuffle is an attempt at streamlining a bureaucracy that’s sometimes bogged down Google even as it became the world’s most valuable Internet company. Page, Google’s 38-year-old co-founder, took over from Eric Schmidt, who ... Read More »
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Apple Stocks Stumble as Steve Jobs Takes Medical Leave
Looks like investors believe that Steve Jobs is the iron hand that holds the Apple together and without him Apple would really hit the floor. Apple Inc. shares fell 4.4% in early trading Tuesday, erasing about $15 billion in market value, after the consumer-electronics company disclosed that company visionary Chief Executive Steve Jobs would take another medical leave. Few CEOs ... Read More »