Amazon In Talks To Buy $2 Billion Stake In Indian Telco Bharti Airtel
Amazon.com (AMZN.O) is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti…
Category: Business
Demand For All Things Stay-At-Home May Be Over – Goldman Sachs
The money-making stay-at-home stock trade of 2020 — fueled entirely by the push of people into quarantines because of the…
Tesla Worker Tests Positive For COVID-19 After New York Factory Reopens
A Tesla employee has tested positive for COVID-19 at the company’s solar panel factory in Buffalo, New York, according to…
EasyJet Plans To Reopen 75% Of Route Network By August
EasyJet says it hopes to resume flights on 75% of its route network by the end of August, although the…
Apple Cuts iPhone Prices In China To Keep Momentum Going As Economy Continues To Open
has cut the prices of its latest iPhones in China ahead of a major online shopping festival as it looks…
Facebook Employees Walk Out In Protest Of Donald Trump’s Posts
Dozens of Facebook employees staged a virtual walkout on Monday in protest of the company’s decision not to take action…
Chevron To Lay Off Up To 6,750 Global Employees In Major Downsizing Move
On Wednesday, May 27, Chevron Corp. broke the news of plans to lay off between 10 to 15% of its…
Goldman Sachs Bets Against The Dollar As Economies Reopen
Goldman Sachs has begun to establish short positions on the dollar as the reopening of economies is expected to lure investors…
Europe’s Factories Starting To Recover, Asia’s Pain Worsens
European manufacturers may be over the worst of a coronavirus-driven downturn, but Asia’s pain deepened in May due to a…
Zoom’s Market Valuation Hits $50 billion Mark, Thanks To Increased Demand During Lockdown
Zoom Video Communications’ shares surged to record highs on Friday, as bullish runs in the last hours of trading helped…
Rolls-Royce Announces 9000 Job Cuts. That Isn’t New For The Carmaker
Rolls-Royce has announced 9,000 job cuts – mainly in its civil aerospace wing – as a direct consequence of the…
Zoom Plans To Roll Out Strong Encryption For Paying Customers
Video conferencing provider Zoom (ZM.O) plans to strengthen encryption of video calls hosted by paying clients and institutions such as…
Sony Announces PS5 Event For June 4th
Sony is officially confirming its next PlayStation 5 event will be held on Thursday, June 4th. The event will begin…
Google Postpones Android 11 Unveiling Amid U.S. Protests
Alphabet Inc’s (GOOGL.O) Google on Saturday said it has postponed next week’s planned unveiling of the beta version of its…
Disney To Open Florida Parks By July 11
Florida officials have approved plans for a phased reopening of Walt Disney World (DIS.N) in Orlando starting on July 11,…
Coronavirus: Nordstrom Quarterly Sales Fall Nearly 40%
Upscale department store chain Nordstrom Inc (JWN.N) on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to…
Renault Set To Announce 15,000 Layoffs Worldwide
French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its…
Boeing Resumes Production Of Its Troubled 737 Max Airplane
Boeing said it would resume manufacturing the troubled 737 Max airplane after a nearly five-month hiatus. The aerospace company said…
Abercrombie & Fitch Sales Fall 34%, As Stores Were Forced Shut During Pandemic
Abercrombie & Fitch said Thursday its sales tanked 34% during the first quarter because of store closings during the coronavirus pandemic and…
Uber Sends Thousands Of Electric Bikes And Scooters To The Scrapheap After Lime Deal
Uber is scrapping thousands of electric bikes and scooters worth millions of dollars after selling its Jump unit to mobility…
Nissan Plans To Slash Costs After First Loss In 11 Years
Nissan Motor Co outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic…
Amazon To Offer Permanent Jobs To 70% of 175,000 New U.S. Hires
Amazon.com Inc (AMZN.O) plans to offer permanent jobs to about 70% of the U.S. workforce it has hired temporarily to…
Tesla Cuts Car Prices By Up To $5,000
Tesla has reduced the price of the Model 3, Model S, and Model X in North America, Electrek reports. The Model…
Disney To Start Reopening Its Florida Theme Parks On July 15
Disney said Wednesday it has proposed a phased reopening of its Florida-based theme parks in July. Walt Disney World’s Magic Kingdom…
Huawei CFO Meng Loses Key Court Fight Against Extradition To United States
Huawei Technologies Co’s Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she…
Coronavirus: Ad Shift From TV To Digital Will Speed Up Even More, Goldman Sachs Say
Ad budgets were already shifting from TV to digital before the coronavirus pandemic, but that’s going to speed up, according…
Boeing Planning To Lay Off More Than 6000 Employees This Week
Boeing is planning to lay off more than 6,000 employees this week in an effort to slash costs as the coronavirus…
Renault And Nissan Rule Out Merger As They Unveil Survival P lan
Renault (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) ruled out a merger on Wednesday and doubled down…
New HBO Streaming Video Service Launches In The US
WarnerMedia’s new online video service, HBO Max, launched United States on Wednesday. The new video service is taking on Netflix, Disney+,…
Warner Music Group Says It Is Now Worth $13.2bn
Warner Music Group (WMG), the record label of Ed Sheeran and Bruno Mars, estimates it is worth up to $13.2bn…