Into the C-suite: Kering Group-owned luxury fashion houses Saint Laurent and Balenciaga are both naming new CEOs as part of a strategic leadership revamp. This […]
Category: Business
Nokia Shares Slump Amid Analyst Prediction That T-Mobile May Drop Supplier
Even in February it has been cut 12 percent after an analyst report indicates that one of Nokia’s largest customers, T-Mobile, has snapped buying from […]
Super Micro Hires New Auditor to Preserve Nasdaq Listing; Shares Surge 37%
Super Micro Computer Inc., one of the world’s leading providers of enterprise computing, storage, and networking solutions, has decided to appoint a new auditor for […]
Spirit Airlines Files for Bankruptcy After $2.2 Billion in Losses Over Five Years
Spirit Airlines has declared it had to fold because of losses of $2.2 billion in the last five years alone. The former CEO of the […]
E. Coli Outbreak Linked to Organic Carrots Sickens People in 18 States
The Centers for Disease Control and Prevention reported that dozens of people across 18 states in the US have been affected with E. Coli infection […]
Stock Rally Pauses Ahead of Nvidia Earnings: What to Watch This Week
The stock market rally was put on temporary hold this week as investors became wary shifting their focus to Nvidia, one of the most anticipated […]
Fed Chair Powell: Rate Cuts Still on the Table, But No Rush to Act
Federal Reserve Chair Jerome Powell has spoken about rate cuts as still being in the policy-setting playbook, but there is currently no eagerness to use […]
Warren Buffett Trims Apple, Bank of America Holdings in Q3; Adds New Stocks to Berkshire Portfolio
Warren Buffet’s Berkshire Hathaway released its Q3 portfolio maneuvers, which include selling down its stakes in technology giant Apple and Bank of America, as well […]
Amazon Shuts Down Secret Project to Develop Fertility Tracker
Amazon has quietly discontinued a secret project aimed at developing a wearable fertility tracker, halting efforts to enter the highly competitive fertility technology market. The […]
7-Eleven Owner Explores Going Private in Japan’s Largest $58 Billion Buyout
The parent company of 7-Eleven, Seven & i Holdings, is considering going private in a monumental $58 billion buyout, potentially marking Japan’s largest-ever leveraged buyout […]