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Taleo Appoints Shail Khiyara as Chief Marketing Officer

April 3, 2010 By vani Leave a Comment

DUBLIN, CA, Apr 02 (MARKET WIRE) —
Taleo (NASDAQ: TLEO), the leading provider of on-demand talent management
solutions, today announced that Shail Khiyara, a global technology
executive with more than 15 years of experience, has been appointed
Taleo’s Senior Vice President and Chief Marketing Officer.

Khiyara brings rich executive leadership expertise to Taleo. He has
demonstrated success in sales and marketing, strategy and corporate
development across domestic and international SaaS markets.

“Taleo is at an inflection point in our company’s history in terms of
market leadership, growth and potential,” said Michael Gregoire, Chairman
and Chief Executive Officer at Taleo. “We have in place a full suite of
innovative products, a blue-chip customer base and healthy business
fundamentals. We’re in a unique position now to invest in sales and
marketing to drive exponential growth in our own business, as we help
businesses worldwide drive their own growth through better talent
management. Shail’s broad-based strategic and operational expertise
extends Taleo’s ability to catalyze and scale our expansion efforts. We
are extremely pleased to add him to our management team.”

Before joining Taleo, Khiyara was Senior Vice President and General
Manager at i365, the cloud services business unit of Seagate. There he
drove innovative product positioning and marketing, put a successful
channel strategy in place and achieved 40% revenue growth in 12 months.
Previously, Khiyara was Managing Director at VeriSign where he
established the European go-to-market strategy and managed Verisign’s
brand and product positioning, sales, marketing and operations in Europe.
His prior experience includes leadership roles at Autodesk and Bechtel.
Khiyara is also a founding member of the Cloud Security Alliance, which
promotes best practices for providing security assurance within Cloud
Computing. Khiyara holds an MBA from Yale University, completed the
Strategic Leadership Program from Harvard Business School and has an MS
in Engineering.

“Taleo has built a formidable business by delivering the industry’s first
on-demand, integrated talent management suite that serves thousands of
global businesses of all sizes,” said Khiyara. “The need for companies to
turn their workforce into a competitive asset creates extraordinary
potential for Taleo. I am thrilled to be part of a business that has laid
a fantastic foundation upon which to build our sales and marketing
efforts and is poised to expand its leadership position globally, in a
rapidly evolving space.”

Taleo has headquarters in California and offices in the UK, France,
Netherlands, Australia and Singapore. Taleo was recently named as a
talent management market leader in the IDC MarketScape: Worldwide
Integrated Talent Management 2010 Vendor Analysis report and as the
revenue and market share leader in the Bersin & Associates Talent
Management Systems 2010 report.

About Taleo
Taleo (NASDAQ: TLEO) is the leader in on-demand unified
talent management solutions that empower organizations of all sizes to
better understand and engage their best talent for improved business
performance. More than 4,400 organizations use Taleo for talent
acquisition, performance and compensation management, including 47 of the
Fortune 100 and over 3,600 small and medium sized businesses across 200
countries and territories. Known for its strong configurability and
usability, Taleo runs on a world-class infrastructure and offers 99.9%
availability. Taleo’s Talent Grid harnesses the resources of the Taleo
community of customers, candidates, and partners to power the talent
needs of companies around the world.

Forward-looking Statements
This release contains forward-looking
statements, including statements regarding the demand for Taleo’s
solutions, market growth, results from use of Taleo’s solutions and
general business conditions. Any forward-looking statements contained in
this press release are based upon Taleo’s historical performance and its
current plans, estimates and expectations and are not a representation
that such plans, estimates, or expectations will be achieved. These
forward-looking statements represent Taleo’s expectations as of the date
of this press announcement. Subsequent events may cause these
expectations to change, and Taleo disclaims any obligation to update the
forward-looking statements in the future. These forward-looking
statements are subject to known and unknown risks and uncertainties that
may cause actual results to differ materially. Further information on
potential factors that could affect actual results is included in Part I,
Item 1A of Taleo’s Annual Report on Form 10K, as filed with the SEC on
March 11, 2010, and in other reports filed by Taleo with the SEC.

Media Contact:
Jaime Spuhler
Tel: 904.520.6251
E-mail: jspuhler@taleo.com

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US stocks climb on new signs that recession could be ending

June 19, 2009 By admin Leave a Comment

New York – Major US stock indices made gains for the first time this week on Thursday after a streak of reports suggested the country’s recession may be coming to an end.

The US Labour Department said in a weekly report that claims for unemployment benefits fell for the first time since January. Claims dropped by 148,000 to 6.69 million people.

The Conference Board, a private research group, said its index of leading economic indicators rose for the second straight month, climbing 1.2 per cent in May following a
1.1-per-cent rise in April.

“The recession is losing steam,” said Ken Goldstein, an economist at the New York-based Conference Board. “Confidence is rebuilding and financial market volatility is abating.”

Shares of US banks gained as Treasury Secretary Timothy Geithner defended the administration’s plans for a massive overhaul of financial regulation before Congress. Banking shares had been leading the slide for the last three days.

The blue-chip Dow Jones Industrial Average rose 58.42 points, or 0.69 per cent, to 8,555.6. The broader Standard and Poor’s 500 climbed 7.66 points, or 0.84 per cent, to
918.37. The technology- heavy Nasdaq Composite Index was little changed, down 0.34 points, or 0.02 per cent, to 1,807.72.

The US currency rose slightly against the euro to 71.94 euro cents from 71.71 euro cents on Wednesday. The dollar was up against the Japanese currency to 96.55 yen from 95.76 yen.(dpa)

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US stocks gain, led by energy, banking shares

May 28, 2009 By admin Leave a Comment

New York – US stocks rose on Thursday as oil prices jumped to their highest level in six months, leading a rally in energy shares.

The price of crude oil rose above 65 dollars per barrel in New York trading before settling at 64.11 dollars – up 1.6 per cent – at the end of the session.

The banking sector posted gains as investors turned back to long- term government bonds, one day after a spike in yields was largely blamed for a sell-off on Wall Street.

The blue-chip Dow Jones Industrial Average jumped 103.78 points, or 1.25 per cent, to 8,403.8. The broader Standard & Poor’s 500 Index added 13.77 points, or 1.54 per cent, to 906.83. The technology-heavy Nasdaq Composite Index was up
20.71 points, or 1.2 per cent, to 1,751.79.

The US currency dropped against the euro to 71.67 euro cents from 72.08 euro cents. The dollar was up against the Japanese currency to 96.81 yen from 95.29 yen. (dpa)

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US stocks slide amid rising borrowing costs

May 27, 2009 By admin Leave a Comment

New York – US stocks fell sharply Wednesday amid a spike in long-term government bond prices, which could drive up the cost of borrowing in the wider US economy.

The yield on 10-year Treasury bonds climbed to 3.73 per cent, its highest level since November, despite efforts by the US Federal Reserve to keep yields down and encourage investment in the private sector.

Financial shares declined after a US government agency said the number of US banks threatened by collapse jumped dramatically in the first quarter.

The Federal Deposit Insurance Corporation put 305 banks on its “red list” of endangered lenders, the highest number in 15 years.

General Motors’s share price plunged another 20 per cent to 1.15 dollars after its bondholders rejected an offer to settle their debt, which is nearly certain to force the ailing US carmaker into bankruptcy by Monday.

The blue-chip Dow Jones Industrial Average fell 173.47 points, or 2.05 per cent, to 8,300.02. The broader Standard & Poor’s 500 Index fell 17.27 points, or 1.9 per cent, to
893.06. The technology-heavy Nasdaq Composite Index was down 19.35 points, or 1.11 per cent, to 1,731.08.

The US currency gained against the euro to 72.08 euro cents from 71.49 euro cents. The dollar rose against the Japanese currency to 95.29 yen from 94.99 yen.(dpa)

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Hong Kong shares surge more than 5 per cent to an eight-month high

May 27, 2009 By admin Leave a Comment

Hong Kong – Hong Kong shares surged 5.26 per cent to their highest level since September 2008 Wednesday due to growing optimism over the global economy.

The blue-chip Hang Seng Index gained 893.71 points to close the day at 17,885.27. Turnover was a robust 93 billion Hong Kong dollars (12 billion US dollars.)

Analysts attributed the gain to growing investor confidence that the worst of the slump was over, spurred by an overnight rally on Wall Street and the release of promising economic data in the United States.

Gains were across the board, with banking giant HSBC gaining 5.77 per cent to close at 68.75 Hong Kong dollars while shares in the Bank of China rose 9.49 per cent to end the day at 3.23 dollars.

Property developers Sun Hung Kai and Cheung Kong both gained 5.1 per cent to close at 97.4 and 95.65 Hong Kong dollars respectively. (dpa)

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Swine-flu jitters push Hong Kong shares to a three-week low

May 3, 2009 By admin Leave a Comment

Hong Kong – Hong Kong shares fell to their lowest level for nearly three weeks Monday as fears over the impact of the Mexican swine-flu outbreak pushed prices down. The blue-chip Hang Seng Index fell 418.43 points, or 2.74 per cent, to 14,840.42, the index’s lowest close since April 8. Turnover was 53.01 billion Hong Kong dollars (6.83 billion US dollars).

Among the biggest losers Monday was Hong Kong’s flagship airline Cathay Pacific which fell 8 per cent as concerns over swine flu sent aviation stocks across the region lower.(dpa)

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US stocks rebound on positive signs in economy

April 17, 2009 By admin Leave a Comment

New York – US stock markets rose on Wednesday on signs of economic recovery as the Federal Reserve said a number of regions are reporting an easing of the country’s economic downturn.

The Federal Reserve said five of its 12 regional banks reported a “moderation in the pace of decline, and several saw signs that activity in some sectors was stabilizing at a low level,” according to the central bank’s Beige Book, a regional report on the economy.

The Fed’s report added to a series of better-than-expected indicators over the past few weeks that have suggested the economic crisis may have finally reached bottom, prompting an upswing in US stock markets. President Barack Obama on Tuesday called them “glimmers of hope.”

The blue-chip Dow Jones Industrial Average was up 109.44 points, or 1.4 per cent, to 8,029.62 points. The broader Standard and Poor’s 500 Index gained 10.56 points, or 1.3 per cent, to 852.06. The technology-heavy Nasdaq Composite Index increased 1.08 points, or 0.1 per cent, to 1,626.80.

The US currency rose against the euro to 75.68 euro cents from 75.37 euro cents on Tuesday. The dollar also gained against the Japanese currency to 99.39 yen from 98.92. (dpa)

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Hong Kong shares surge 4.5 per cent after Easter break

April 14, 2009 By admin Leave a Comment

Hong Kong – Hong Kong shares soared to their highest levels in four months Tuesday as confidence surged through the market on the city’s first day of trading after the Easter holiday. The blue-chip Hang Seng Index rose 678.75 points, or 4.55 per cent, in brisk trading to close at 15,580.16, the highest level since early December.

Turnover was 75.4 billion Hong Kong dollars (9.72 billion US dollars), sharply higher than in recent weeks as traders raced to catch up with gains in the US and China markets following the four-day Easter break in Hong Kong.

China stocks performed strongly on the back of positive data about the country’s economic prospects and HSBC, the biggest stock on the Hong Kong exchange, continued its recovery with a 9-per-cent rise. (dpa)

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Hong Kong shares rebound by 3 per cent ahead of Easter holidays

April 9, 2009 By admin Leave a Comment

Hong Kong – Hong Kong shares rebounded by nearly 3 per cent Thursday on the last day of trading before the Easter holidays, clawing back most of its losses from a day earlier.

The blue-chip Hang Seng Index rose by 426.55 points, or 2.95 per cent, to end the session at 14,901.41. Turnover was 52.6 billion Hong Kong dollars (6.78 billion US dollars.)

The spike in share prices came after China announced a scheme to allow for the yuan to be used to settle cross-border trade deals, opening the door to wider trade between Hong Kong and mainland China.

Hong Kong’s chief executive Donald Tsang welcomed the move in a speech Thursday, saying it would boost the former British colony’s banking sector and create more jobs.

A day earlier, Hong Kong shares fell by more than 450 points on worries over economic prospects and grim forecasts for the first quarter earnings of some major companies. (dpa)

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Hong Kong shares fall 3 per cent on first-quarter earning worries

April 8, 2009 By admin Leave a Comment

Hong Kong – Hong Kong dropped more than 3 per cent Wednesday on more worries over the economy and first-quarter earnings.

The blue-chip Hang Seng Index fell by 454.11 points or 3.04 per cent to end the day at 14,474.86. Turnover was 60.8 billion Hong Kong dollars (7.8 billion US dollars.)

Losses were across the board, with market heavyweight HSBC losing 5.57 per cent to close at 48.35 Hong Kong dollars.

Analysts said the fall tracked overnight losses on Wall Street which had succumbed to jitters over the start of the first-quarter earnings season which began Tuesday. (dpa)

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Hong Kong shares fall by 2 per cent as optimism fades

March 25, 2009 By admin Leave a Comment

Hong Kong – Hong Kong shares fell by more than 2 per cent Wednesday as doubts began to surface over the effectiveness of the US toxic assets’ plan.

The blue-chip Hang Seng Index lost 288.23 points, or 2.07 per cent, to close at 13,622.11 points. Turnover was 54.1 billion Hong Kong dollars (6.98 billion US dollars.)

The losses, which saw the index fall back from a five-week high, mirrored negative sentiment on Wall Street overnight as confidence in the latest US fiscal rescue package faltered. (dpa)

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Hong Kong close up 3.4 per cent

March 24, 2009 By admin Leave a Comment

Hong Kong – Hong Kong shares closed up more than 3.4 per cent Tuesday and edged close to the 14,000 points mark.

Buoyed by overnight gains on Wall Street, The blue-chip Hang Seng Index rose 462.92 points or 3.44 per cent to 13,910.34 points. Turnover was 63.8 billion Hong Kong dollars (8.23 billion US dollars).

The gains followed a jump of nearly 5 per cent in prices Monday to take the index to a five-week high. Turnover Tuesday was also at its highest level for weeks.

Analysts say confidence has begun to trickle back into the battered Hong Kong market as a result of optimism over the latest US moves to boost the banking industry. (dpa)

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US stocks fall on concern about central bank’s actions

March 20, 2009 By admin Leave a Comment

New York – US stocks fell for the first time in three days on Thursday as investors had second thoughts about Federal Reserve actions to shore up the US financial sector.

The Fed said Wednesday it would buy 300 billion dollars in long- term government bonds, an unprecedented effort to help drive investors back into the private sector, and will purchase another 750 billion dollars in troubled mortgage-backed securities at the heart of the financial crisis.

The news drove up stocks about 2 per cent on Wednesday, but by the next day investors worried that the move would not improve the economy.

“With one hand the government is issuing debt, and with the other it’s repurchasing it using paper that it is printing,” Lawrence Creatura of Federated Investors Inc told Bloomberg financial news. “This is a shell game that’s not going to be overlooked by global investors.”

The blue-chip Dow Jones Industrial Average slid 85.78 points, or 1.15 per cent, to 7,400.80. The broader Standard & Poor’s 500 Index lost 10.31 points, or 1.3 per cent, to
784.04. The technology- heavy Nasdaq Composite Index dipped 7.74 points, or 0.5 per cent, to 1,483.48.

The US currency tumbled against the euro to 73.17 euro cents from 74.2 euro cents on Wednesday, and the dollar fell to 94.53 Japanese yen from 96.22 yen. dpa

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US stocks rise on housing construction, ahead of Fed decision

March 18, 2009 By admin Leave a Comment

New York – US stocks rose Tuesday as the construction of new homes in the United States unexpectedly surged in February and investors speculated about Federal Reserve efforts to bolster the economy.

Privately owned housing starts in February were 583,000 at an annual rate, up 22 per cent from January but still down 47.3 per cent from the same month in 2008, the Commerce Department said. Economists had expected a further monthly decline to 450,000 last month, according to a Bloomberg News survey.

The US Federal Reserve was meeting Tuesday and was widely expected to keep interest rates steady in the range of zero to 0.25 per cent when it releases its periodic decision Wednesday. The central bank could also expand its purchases of asset-backed securities and treasury bills with an ultimate goal of freeing up more credit lines.

The Fed has been working to revive borrowing and stabilize the financial system amid a serious ongoing recession in the United States, which has cascaded into foreign markets.

“There’s a feeling that maybe the economy has hit the bottom,” Chip Hodge of MFC Global Investment Management told Bloomberg financial news. “For the first time in a while we aren’t looking at mostly negative headlines.”

The blue-chip Dow Jones Industrial Average gained 178.73 points, or 2.5 per cent, to 7,395.7. The broader Standard & Poor’s 500 Index earned 24.23 points, or 3.2 per cent, to 778.12. The technology-heavy Nasdaq Composite Index picked up 58.09 points, or 4.1 per cent, to 1,462.11.

The US currency dropped against the euro to 76.85 euro cents from 77.08 euro cents on Monday. The dollar rose against the Japanese currency to 98.63 yen from 98.25 yen. dpa

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Hong Kong shares rally for second day as HSBC recovery continues

March 11, 2009 By admin Leave a Comment

Hong Kong – Hong Kong shares climbed 2 per cent Wednesday in a second consecutive day of gains spurred by the recovery in the price of HSBC shares.

The blue-chip Hang Seng Index added 236.61 points, or 2.02 per cent, to close the day at 11,930.66. Turnover was 44.7 billion Hong Kong dollars (5.76 billion US dollars.)

The rise was led by a 1.99 per cent increase in HSBC shares which at the start of trading jumped 11.7 per cent higher, pulling the index up by 4.6 per cent in the opening minutes.

Shares in the heavyweight stock climbed nearly 14 per cent Tuesday after plunging by 24 per cent Monday to its lowest level since 1995, dragging the Hang Seng Index to a four-month low. (dpa)

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US stocks with in biggest ’09 gain on upbeat Citigroup report

March 10, 2009 By admin Leave a Comment

New York – US stocks posted their largest rally of the year on Tuesday, following the lead of European markets after troubled banking giant Citigroup Inc said it was experiencing its best quarter since 2007.

Citigroup’s chief executive Vikram Pandit said in an internal memo that the company was profitable in the first two months of 2009 after five straight quarters of losses, Bloomberg News reported.

Shares of Citigroup – which has accepted 45 billion dollars in emergency government loans – rose 38 per cent on the news, or 40 cents per share, to close at 1.45 dollars. Wider financial stocks surged 16 per cent amid speculation that the worst of the financial crisis may be over.

Federal Reserve Chairman Ben Bernanke outlined a broad overhaul of financial regulations Tuesday and repeated his conviction that US efforts to stabilize the financial system could spark an economic recovery by the end of 2009.

The blue-chip Dow Jones Industrial Average surged 379.44 points, or 5.8 per cent per cent, to 6,926.49. The broader Standard & Poor’s 500 Index jumped 43.07 points, or
6.37 per cent, to 719.60. The technology-heavy Nasdaq Composite Index rocketed up 89.64 points, or 7.07 per cent, to 1,358.28.

The US currency dropped against the euro to 78.86 euro cents from 79.34 euro cents on Monday. The dollar slipped against the Japanese currency to 98.59 yen from 98.8 yen. (dpa)

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Hong Kong shares rebound as HSBC recovers from Monday crash

March 10, 2009 By admin Leave a Comment

Hong Kong – Hong Kong shares rebounded by more than 3 per cent Tuesday as HSBC Holdings partially recovered from massive 24 per cent losses sustained in a brutal Monday trading session.

The blue-chip Hang Seng Index climbed from a four-month low by 349.47 points, or 3.08 per cent, to end the day at 11,694.05 points. Turnover was 33.4 billion Hong Kong dollars (4.3 billion US dollars.)

For a second day, trading was dominated by HSBC which climbed 13.94 per cent to close at 37.6 Hong Kong dollars per share after plunging to its lowest level since 1995 late Monday.

In the last half hour of trading Monday, HSBC shares plunged to just 33 Hong Kong dollars, losing almost a quarter of their value since the opening of trade.

A single transaction accounted for 12 per cent of the loss just before the market close, triggering a securities regulator probe into the trading in HSBC to see if there were any irregularities.

The roller-coaster fortunes of HSBC shares follows the bank’s announcement earlier this month of a rights issue. Hong Kong’s financial secretary John Tsang expressed concern Tuesday about the volatility of trading in HSBC shares. (dpa)

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Hong Kong shares fall 5 per cent as HSBC goes into freefall

March 9, 2009 By admin Leave a Comment

Hong Kong- Hong Kong shares plummeted by nearly 5 per cent Monday, sliding steeply in late trading as shares in HSBC bank fell by a massive 24 per cent.

The blue-chip Hang Seng Index fell by 576.94 points, or 4.84 per cent, to end the day at 11,344.58. Turnover was 35.7 billion Hong Kong dollars (4.6 billion US dollars.)

Monday’s trading was dominated by a sell-off of HSBC shares which fell 24 per cent to close at 33 Hong Kong dollars, their lowest level since 1995.

Shares in HSBC started the day at 41 Hong Kong dollars and were at 37 Hong Kong dollars in the last half hour of trading before a dramatic late fall.

Shares in the Hang Seng Bank fell by 9 per cent. (dpa)

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US stocks rally most in a month after Bernanke’s testimony

February 25, 2009 By Dinesh Leave a Comment

New York, Feb 25 (DPA) US stocks made their strongest gains in a month Tuesday after Federal Reserve Chairman Ben Bernanke said that government action could pull the US economy out of a severe recession by later this year.

Testifying to the US Senate Banking Committee, the central bank chief said that the success of the $787 billion stimulus package would be essential to ending a downward economic spiral.

Financial shares made gains after Bernanke said that troubled US banks may not have to be nationalised. Sheila Bair, head of the Federal Deposit Insurance Corp, said she believed the largest US banks currently have enough capital.

JP Morgan Chase late Monday said it was slashing dividends by nearly 90 percent, which would help it save $5 billion per year.

Retailers rose after Home Depot Inc, Macy’s Inc and Nordstrom Inc all reported better-than-expected earnings.

The blue-chip Dow Jones Industrial Average climbed 236.16 points, or 3.32 percent, to 7,350.94. The broader Standard & Poor’s 500 Index rallied 29.81 points, or 4.01 percent, to 773.14. The technology-heavy Nasdaq Composite Index leapt 54.11 points, or 3.9 percent, to 1,441.83.

The US currency dropped against the euro to 77.88 euro cents from 78.76 euro cents Monday. The dollar soared against the Japanese currency to 96.74 yen from 94.64 yen.
Indo Asian News Service

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Investment group Investor AB reports loss for fourth quarter

January 20, 2009 By admin Leave a Comment

Stockholm – Investor AB, the investment company with key stakes in leading Swedish blue-chip companies, Tuesday reported a loss for fourth quarter 2008 in the wake of the global financial downturn.

For the fourth quarter 2008, the group reported a loss of 15.6 billion kronor (1.9 billion dollars), compared to a loss of 19.2 billion kronor for the corresponding business period 2007.

For full-year 2008, the loss was 36.7 billion kronor compared to a loss of 400 million kronor for full-year 2007, the group said.

At the end of December the net asset value had declined 23 per cent to 115 billion kronor, compared to 155 billion kronor at the end of
2007.

Chief Executive Borje Ekholm said 2008 was “exceptional,” noting that “we experienced stock market declines of a magnitude not seen since the 1930s.”

In his outlook, Ekholm said it was prudent “to plan for a more severe downturn.”

Although Investor outperformed the Stockholm stock market, shedding 18 per cent compared to the stock market’s 39 per cent drop, “relative performance can never pay for breakfast,” Ekholm said.

The board suggested that the dividend should be lowered from 4.75 to 4 kronor per share.

Engineering group ABB accounted for 18 per cent of Investor’s assets. Investor also has stakes in blue-chip companies like pharmeutical group Astra Zeneca, banking group SEB, construction and mining tools maker Atlas Copco, telecommunications equipment provider Ericsson, household appliance maker Electrolux, and aviation and military technology concern Saab.

The sale of heavy-vehicle maker Scania to Volkswagen was completed during the third quarter, and generated a profit of 3.3 billion kronor.

Investor AB has close ties with Sweden’s wealthy and influential Wallenberg family. (dpa)

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