Innovation

SEC Probes Top First Republic Executives Who Sold Millions Worth O=of Shares Before Crash – Report
May 5, 2023
[ad_1] The US regulators have launched a probe into the executives of First Republic Bank following the crisis-hit bank's takeover by JPMorgan. The Securities and Exchange Commission is investigating if...
Subway Comes Up With Debt Plan to Clinch $10 Billion-Plus Sale – Report
May 1, 2023
[ad_1] The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a...
Meta Share Surge Makes Zuckerberg Richer by $10 Billion As Facebook Makes More Money After massive Layoffs
April 29, 2023
[ad_1] A surge in Meta's share prices after its strong quarterly results resulted in Facebook founder Mark Zuckerberg's wealth rising by more than $10 billion, even as reports of layoffs...
Amazon Rakes in Massive Profits in First Quarter, Months After Cutting 27,000 Jobs
April 28, 2023
[ad_1] Amazon returned to profit and recorded better than expected profit of $3.2 billion for the first quarter. This return to profits came after reporting a loss of $3.8 billion...
Microsoft and Google’s Quarterly Revenue Surges After Cutting Thousands of Jobs Citing Poor Outlook
April 26, 2023
[ad_1] Tech giants Alphabet and Microsoft reported higher than expected quarterly revenues and the companies' shares rose more than 5 and 9 percent respectively on Tuesday.Alphabet, Google and YouTube parent...
Disney Lays Off 7,000 Staff Despite First Quarter Revenue Beating Estimates; Shares Rise
February 9, 2023
[ad_1] Walt Disney Co said on Wednesday it would lay off 7,000 employees as it tries to trim costs amid souring economic conditions. The job cuts, announced by CEO Bob...