St. Louis Federal Reserve President James Bullard expressed optimism that the United States and China will reach a deal to end their trade war.World Economyread more
Qualcomm unlawfully suppressed competition in the market for cellphone chips and used its dominant position to impose excessive licensing fees, a U.S. judged ruled.Technologyread more
Target's e-commerce sales also surged 42%, as shoppers increasingly turned to its curbside pickup service for online orders, something Amazon can't offer.Retailread more
Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
British Prime Minister Theresa May is expected to make a final attempt at persuading lawmakers to back her "new" Brexit deal on Wednesday.Europe Politicsread more
It's not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford's vision for how its autonomous vehicles deliver packages and goods in the...Technologyread more
Tensions between the two parties have heightened in recent months as the campaign for seats in the Brussels and Strasbourg-based parliament has crescendoed.Europe Politicsread more
Brazilian makeup brand Natura Cosmeticos agreed to buy Avon Products, according to two media reports early on Wednesday.Retailread more
Shares of Saudi shopping mall operator Arabian Centres were trading at 24.34 riyals ($6.49) in early deals in Riyadh.IPOsread more
There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said.Politicsread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
Enterprise cloud company ServiceNow named John Donahoe president and CEO on Monday, in an effort to snag the former eBay CEO before competitors.
Donahoe's availability, after the split of eBay and PayPal, encouraged current president and CEO Frank Slootman to "make room" while there was time to allow a steady transition, Slootman told CNBC's "Squawk on the Street " on Monday. While the "treadmill" of quarterly earnings takes its toll, the choice to step aside wasn't personal, Slootman said.
"This is not about me, this is about us really being very proactive, very strategic, very forward-looking about CEO succession," Slootman said. "As many people know, it's very, very tricky to have a successful CEO transition, and you're going to have to strike when the iron is hot. ... A year from now, John's not going to be around."
Slootman will step aside as CEO on April 3, but will remain chairman of the board.
Donahoe first used ServiceNow's software at eBay. The software allows companies to integrate and consolidate IT applications within an organization, across departments such as customer service and human resources.
Donahoe said he thinks it's still early innings as far as technology disrupting the workplace.
"Over the past year I've had a great opportunity to step back and survey the landscape, and the trend that just stood out is the role that cloud is having on both consumers and enterprise," said Donahoe. "Companies born in the cloud, like ServiceNow and Workday and Salesforce are fundamentally transforming how companies operate. ... I think ServiceNow has a chance to be one of the great enterprise software companies of this era."