Author Archives

• James Monsees to step down from e-cigarette maker Juul Labs Inc

  By admin1 on March 13, 2020 • ( 0 )

  

  E-cigarette maker Juul Labs Inc stated, its co-founder James Monsees plans on stepping down from the company as an adviser and member of its board. In an internal memo, Monsees, who had previously been the company’s chief product officer, said… Read More ›

• Best Buy’s Executive Chairman to step down on June 11

  By admin1 on March 12, 2020 • ( 0 )

  

  Best Buy Co Inc’s Executive Chairman Hubert Joly will be stepping down and will not stand for re-election at its annual general shareholder’s meeting on June 11. Joly, a restructuring expert and former chief executive officer of the company, had… Read More ›

• U.S. response to coronavirus – payroll tax cuts, extension of tax deadline on the table: U.S. Senate Finance Committee Chairman Chuck Grassley

  By admin1 on March 12, 2020 • ( 0 )

  

  With WHO finally classifying China’s coronavirus as pandemic, U.S. Senate Finance Committee Chairman Chuck Grassley stated, a payroll tax cut was among the options being tabled to offset the economic impact of the coronavirus. “If you’re going to negotiate in… Read More ›

• U.S. Administration looking at CalPERS holding in Chinese defense firms: U.S. national security adviser

  By admin1 on March 12, 2020 • ( 0 )

  

  The U.S. Administration is “looking at” investments made by the California Public Employees’ Retirement System (CalPERS) in Chinese military companies, said U.S. national security adviser Robert O’Brien. O’Brien’s comments come midst U.S. charges of massive Chinese espionage in the United… Read More ›

• Carl Icahn increases stake at Occidental Petroleum to nearly 10%

  By admin1 on March 12, 2020 • ( 0 )

  

  According to a report by the Wall Street Journal, activist investor Carl Icahn has increased his stake in Occidental Petroleum Corp to nearly 10% as he scales up his fight to take control over the oil producer. As of the… Read More ›

• CME Group closes trading floor on coronavirus concerns

  By admin1 on March 12, 2020 • ( 0 )

  

  Exchange operator CME Group Inc stated, it would close its Chicago trading floor after business hours on Friday in order to reduce potential exposure to China’s coronavirus which has gone pandemic. China’s coronavirus, which began in Wuhan where Beijing has… Read More ›

• Eric Martel to replace Alain Bellemare as Bombardier’s CEO

  By admin1 on March 12, 2020 • ( 0 )

  

  In a statement late on Wednesday, Bombardier Inc said, its CEO Alain Bellemare, would be leaving the company. Eric Martel, CEO of hydropower producer Hydro-Quebec would be replacing Bellemare effective from April 6.

• Tesla scouting for new U.S. Gigafactory in central U.S.

  By admin1 on March 11, 2020 • ( 0 )

  

  Testla Inc is looking for a new U.S. location to build its Cybertruck Gigafactory. In a tweet, Tesla’s Chief Executive Officer, Elon Musk said, he was looking for locations in the central United States to build the company’s new Gigafactory… Read More ›

• BoeE coordinating with MoF to get max economic impact: BoE Governor

  By admin1 on March 11, 2020 • ( 0 )

  

  On Wednesday, Bank of England’s Governor Mark Carney disclosed, the central bank was coordinating with Britain’s finance minister to ensure that the surprise cut in interest rates as well as other measures that were announced today had their maximum intended… Read More ›

• JPMorgan Chase likely to trim 140 jobs in Switzerland

  By admin1 on March 10, 2020 • ( 0 )

  

  According to a report by Swiss financial news site Finews, JPMorgan Chase & Co is considering cutting up to 140 jobs in Switzerland in an effort to trim costs. According to the report, the cuts would mainly affect its Geneva… Read More ›