According to a Congressional report that was released on Wednesday, Wells Fargo is not complying with the terms of multiple settlements related to its sales scandal. The U.S. House of Representatives Financial Services Committee released the findings of its year-long… Read More ›
Creativity
JetBlue, United Airlines implementing spending cuts backed on reduced air travel demand
JetBlue Airways Corp and United Airlines Holdings Inc have cut down flights and have implemented cost controls measures in the wake of China’s coronavirus spreading in the United States depressing travel demand. In a letter to employees, United Airlines announced… Read More ›
New York-area based banks gear up coronavirus preparations
Financial firms in New York City are already testing work-from-home capabilities, implementing travel restrictions and canceling or modifying upcoming events even as China’s coronavirus, which landed on the finance capital’s doorstep, showed little signs of abating. Grand Central Station headquartered… Read More ›
Pekka Lundmark to replace Rajeev Suri as Nokia’s CEO after September
On Monday, in a statement, Nokia said, its Chief Executive Rajeev Suri will be stepping down in September and will be replaced by Pekka Lundmark, who until now has been the CEO of Fortum. Suri will be stepping down after… Read More ›
China weaponising visas: Foreign Correspondents Club of China
In a report, the Foreign Correspondents Club of China stated, the Chinese government has “weaponised” the issuance of visas as part of a stepped-up campaign to apply pressure on foreign journalists operating in the country. In February, China revoked the… Read More ›
Federal Reserve likely to trim interest rates before March 17-18 meeting: Goldman Sachs economists
Economists ar Goldman Sachs have predicted that the U.S. Federal Reserve is likely to cut interest rates before its next scheduled meeting in two weeks time, citing an unscheduled statement from the head of the U.S. central bank on Friday…. Read More ›
Gambling revenues in Macau fall by 87.8% in February 2020 due to Coronavirus
With casinos shut for two weeks in Macau, the world’s second biggest casino hub, revenues from gambling in Macau have plunged by 87.8% in February in comparison to the previous year as authorities imposed a series of measures to keep… Read More ›
Mobile Apps About Coronavirus Getting Very Popular In South Korea
App developers in South Korea – one of the most tech savvy countries in the world, started developing codes for apps as soon as the deadly novel coronavirus reached the country’s shores The result was a series of the virus… Read More ›
UK Study Finds New Car Models Emitting More CO2 Than Older Ones
A new research that suggested that the auto industry is taking backward steps in addressing the issue of climate change, claimed that more carbon dioxide is being produced by new cars that are sold in the United Kingdom compared to… Read More ›
35 Percent Growth In Q4 Revenues Reported By Salesforce
The United States based leading cloud-based software company Salesforce reported a 35 per cent growth in its quarterly revenues for the fourth quarter of last year at $4.85 billion. Revenue from sale for the customer relationship management service provider was… Read More ›