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 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 ›
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 ›
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 ›
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 ›
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.
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 ›
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 ›
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 ›
In a report, Lebanon’s broadcaster LBC quoted the country’s Finance Minister Ghazi Wazni as saying Lebanon will resort to a disorderly default if creditors are not prepared to negotiate; he went on to add, investors will find it difficult to… Read More ›
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