Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO

Eli Lilly Chief Financial Officer Anat Ashkenazi will become Alphabet’s new CFO effective July 31, Google’s parent company saidTuesday, almost a year after Alphabet announced that current CFO Ruth Porat would move into a new role as president and chief investment officer. Ashkenazi had a 23-year career at Eli Lilly, which confirmed her departure in a separate release. “We’re […]

Yen’s relentless slide revives Japan’s interest in structural reforms

Japanese policymakers are turning their attention to more structural economic factors behind persistent yen declines, convinced that market intervention is limited in its ability to reverse the currency’s broader slide. Data due out on Friday is likely to show Japan spent roughly 9 trillion yen late April through early May to slow the decline in […]

Chegg announces deep job cuts in restructuring plan, sending shares surging 19%

Shares in Chegg (NYSE:CHGG) surged by more than 19% in U.S. premarket dealmaking after the education technology group announced plans to slash 23% of its global workforce as part of a broader restructuring push. By 2025, the company said it expects to realize adjusted savings of $40 million to $50 million from the employee departures, […]