Rohan Foswami

Dec 9, 2024 | cnbc.com | Melissa Repko |Rohan Foswami

Activist investor Barington Capital revealed Monday it had a position in Macy's and was looking for the company to cut spending, weigh the sale of its luxury brands and take a hard look at its real estate portfolio. It's the fourth activist push at the struggling department store in the last decade. Macy's shares were up roughly 3% on the news in premarket trading. The activist has partnered with private equity firm Thor Partners in its push, according to a Barington presentation.

Dec 5, 2024 | cnbc.com | Rohan Foswami

Intel on Thursday announced the appointment of two new directors with significant semiconductor manufacturing experience as the company ramps up the search process for ousted CEO Pat Gelsinger's replacement. Former ASML CEO Eric Meurice and Microchip interim CEO Steve Sanghi will join Intel's board effective immediately, the company said.

Dec 3, 2024 | cnbc.com | Rohan Foswami

Intel is considering hiring an external candidate to replace ousted CEO Pat Gelsinger and has hired executive search firm Spencer Stuart to identify potential successors, according to people familiar with the matter. Intel’s board has also made overtures to recently departed director Lip-Bu Tan about whether he would be interested in the top job at the struggling chipmaker, said one of the people.

Dec 2, 2024 | thewest.com.au | Rohan Foswami |Hayden Field

Intel ousted chief executive Pat Gelsinger over the weekend, capping a tumultuous nearly four-year tenure at what was America’s leading semiconductor company before its stock price and market share collapsed.