The results of a survey have provided some encouraging news for the United Kingdom economy. Data showed that the growth of businesses in the services and manufacturing sectors of the country in the month of June was the fastest more… Read More ›
Day: August 5, 2020
Despite $5B Pandemic Hit, Disney Results Not As Bad As Feared
Despite the novel coronavirus pandemic forcing closure of most of its entertainment parks all across the globe along with the closure of movie theaters and sporting events, Walt Disney Co managed to eked out an adjusted profit and avoid the… Read More ›
Ad industry forms partnership to create targeted ads standards
In a significant development, major advertisers, including Procter & Gamble, Ford Motor Co, and Unilever, and trade associations, have formed a partnership to develop industry standards for targeted advertisements. Targeted ads, a data driven strategy used to target consumers based… Read More ›
Metro Bank reports first ever $314 million loss
On Wednesday, Britain’s Metro Bank reported its first ever $313.92 million loss of the year because of provisions to cover losses due to the coronavirus crisis which wiped out its profits. Founded in 2015, Metro Bank which was started to… Read More ›
Hong Kong-based Imperial Pacific International charged with money laundering in US: Justice Department
In a statement the U.S. Justice Department stated, executives from Imperial Pacific International, a Hong Kong-based gaming and resort company, have been charged with money laundering and harboring illegal aliens, in the United States.
Shares of Rackspace Technology Inc list at bottom end of $703 Million IPO
In a statement, cloud services firm Rackspace Technology Inc stated, its shares, through its initial public offering (IPO) of $703.5 million, got listed at the bottom end of its target range. The IPO valued Apollo Global Management-backed Rackspace $4.18 billion,… Read More ›
