Bidding War

A Yahoo logo is displayed on a monitor in this photo illustration in Encinitas, California, April 16, 2013. REUTERS/Mike Blake/Files

Yahoo joins growing list of bidders for Hulu: sources

Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co , two sources with knowledge of the bid told Reuters on Friday.  Full Article 

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Reuters India Mobile

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Chipmaker AMD names new chief financial officer

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Prime Minister Manmohan Singh greets delegates as he attends the silver jubilee celebrations of market regulator Securities and Exchange Board of India (SEBI) in Mumbai May 24, 2013. REUTERS/Danish Siddiqui

India this week

Pictures from India this week.  Slideshow 

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By Noel Randewich

SAN FRANCISCO | Thu Jan 3, 2013 5:00am IST

SAN FRANCISCO (Reuters) - Advanced Micro Devices (AMD.N) said on Wednesday it promoted senior executive Devinder Kumar to chief financial officer after the struggling PC chipmaker announced in September its previous CFO was leaving.

Kumar, a 28-year AMD veteran, had been standing in as CFO since AMD announced the departure of Thomas Siefert, who was liked by many on Wall Street.

Since 2001, Kumar was corporate controller at AMD, which like other PC-related companies has been hit by a slump in demand as smartphones and tablets grow in popularity.

AMD, one of Silicon Valley's oldest chipmakers, has been laying off engineers while looking for new markets for its chips as it faces dwindling cash reserves. (Reporting By Noel Randewich; Editing by Tim Dobbyn)
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