Intel (INTC) announced Thursday that company President Renee James will step down in January after 28 years at the No. 1 chipmaker in order to pursue a CEO post. The announcement came along with several other management changes. James, long one of the highest-ranking women in the chip industry, shared a message with Intel employees noting that one of the recent achievements of which she is most proud is progress made on Intel’s diversity and
Uber Technologies — the San Francisco-based ride-hailing company that has embarked on a global expansion effort — could run into a formidable rival from China right at home. China’s largest taxi-hailing app, Didi Kuaidi, has quietly begun hiring in the U.S. in advance of an incursion onto Uber’s home turf, according to a media report. Didi Kuaidi is hiring people in the U.S. for a product development center, according to Young’s China Business
Natera (NTRA) received a warm welcome Thursday with an initial public offering that jumped at the opening. Natera raised $180 million, offering 10 million shares at 18, the high end of its expected range. Natera stock was up 25%, above 22, in midday trading on the stock market today. Natera develops non-invasive prenatal disease screening tests and oncology therapeutic monitoring. In March 2013, Natera launched Panorama, which can measure genomic