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Qualcomm to cut costs, narrow focus in strategic review
2015-07-23 08:41:00| Telecompaper Headlines
(Telecompaper) Qualcomm announced plans to review its corporate structure and cut USD 1.4 billion in costs, as part of a deal with its activist shareholder Jana Partners. Qualcomm CEO Steve Mollenkopf said the agreed changes will lead to improved execution and financial and operating performance. The agreement with Jana will be filed with the SEC. The "right-sizing" project will see USD 1.4 billion in cost reductions by the end of fiscal 2016, including a USD 300 million reduction in annual share-based compensation. Executive compensation will be further aligned with performance, including returns on investment, and Qualcomm agreed to reduce the average tenure of directors on its board and add new directors with additional skills. In addition, Qualcomm agreed to continue to return significant capital to shareholders, including at least 75 percent of free cash flow. It will also review alternatives to its current corporate and financial structure. Qualcomm confirmed earlier reports that this may include a separation of its businesses, as well as other options for returning capital and strategic and financial alternatives. The review should be completed by the end of the calendar year. The company also intends to focus its investments on core smartphone and adjacent growth opportunities.
Chesapeake's Dividend Cut - Food For Thought For Yield Investors
2015-07-23 08:30:21| Paper - Topix.net
Important Note: This article is not an investment recommendation or research report. It is not to be relied upon when making investment decisions - investors should conduct their own comprehensive research.
Under 40s 'cut out of owning homes'
2015-07-22 11:30:36| BBC News | Business | UK Edition
More than half of the under 40s will be renting homes from private landlords in the UK in 10 years' time, accountancy firm PwC has predicted.
Solar energy subsidies set to be cut
2015-07-22 08:54:47| BBC News | Business | UK Edition
Subsidies for many new solar farms are to end under plans being published by the government.
Park City Group's Visibility Solution Helps Large Regional Dairy Cut Returns 10%
2015-07-22 07:54:48| dairynetwork Home Page
Park City Group, a cloud-based software company that uses big data management to help retailers and their suppliers sell more, stock less and see everything, reports a large, regional dairy reduced returns by 10% year over year by using Park City Group’s Visibility & Analytics and Scan-based Trading solutions
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