Smartphone Giant Pivots From IPO to Buybacks Within Months
China’s Xiaomi is buying back stock barely six months after going public in Hong Kong......»»
Alibaba stock suffering record drop after antitrust probe in China
Shares of Alibaba Group Holding Ltd. tumbled Thursday toward the lowest close in nearly six months, after Chinese regulators launched an antitrust investigation into the e-commerce giant......»»
California"s Attorney General is taking Amazon to court to force the retail giant to comply with a months-long investigation into if the company adequately protected workers from COVID-19
"It's critical to know if these workers are receiving the protections on the job that they are entitled to under the law," Xavier Becerra said. Kyodo News via Getty Images Califor.....»»
Emirates predicts 18-month lull in air demand
Gulf aviation giant Emirates said Sunday it would take at least 18 months for travel demand to return to "a semblance of normality", despite reporting bumper pre-pandemic profits. .....»»
Emirates predicts 18-month lull in air demand
Gulf aviation giant Emirates said Sunday it would take at least 18 months for travel demand to return to "a semblance of normality", despite reporting bumper pre-pandemic profits. .....»»
Despite China"s "Reopening", Global Smartphone Market Suffers Record Crash In Shipments
Despite China's "Reopening", Global Smartphone Market Suffers Record Crash In Shipments For months China has tried to con.....»»
Tech company pivots its household help network to deliver groceries
Six months after Umbrella raised $5 million from investors for its AAA-like membership service to help senior citizens with household tasks, Covid-19 disrupted its business model. Sending gig... To view the full story, click the title link......»»
Samsung warns Covid-19 will hit smartphone sales and 5G rollouts
Samsung is warning that the months ahead are going to be painful, as major markets around the world struggle to safely restart economies without sparking another coronavirus outbreak......»»
Brokerages tell clients - no buying oil for two months
Several brokerages, including discount giant TD Ameritrade Corp are restricting customers from buying new positions in certain crude oil contracts after an unprecedented sell-off that sent prices below negative-$40 on Monday......»»
Google Stadia gains users after giving free access for two months
Google's cloud-based game streaming service, Stadia, has witnessed a surge in users after the tech giant gifted two months of free access to its premium version for gamers sheltering at home to curb the spread of the coronavirus......»»
Netflix doubles expected signups, warns boost may fade
Streaming giant Netflix had double the number of expected subscribers in the past few months, but the company warns the boost may fade in the second half of the year. Gloria Tso reports......»»
SAP says one head better than two as software giant switches to sole CEO model to cope with pandemic
SAP scraps co-CEO structure as Jennifer Morgan leaves her role after just six months, leaving Christian Klein as solo head of the business software giant......»»
Google to waive ad serving fees for news publishers amid virus crisis
Alphabet Inc's Google would waive off the fee it collects from news publishers using its ad services for the next five months, the search giant said on Friday......»»
eBay names Walmart executive as new CEO after 6-month search
More than six months after eBay Inc. CEO Devin Wenig abruptly stepped down from the position, the San Jose e-commerce giant has named its next permanent chief executive: Jamie Iannone, the chief operating officer of Walmart eCommerce. Iannone is .....»»
Google expands North San Jose footprint with latest property purchase
Google has bought another building formerly owned by San Jose-based Cisco Systems Inc., the fourth time in the last five months that the search giant has purchased a former Cisco property. Property details:Â Cisco Building K at 225 W. Tasman Drive, a th.....»»
Giant Meteor 2020
FEEDI surrender. It’s quite evident that my pledge, months ago, to make S.....»»
In quest to beat COVID-19, Bay Area biotech closes Big Pharma equity deal for $250M
Aiming to accelerate treatments against COVID-19 into mid-stage clinical trials in three to five months, Vir Biotechnology Inc. said Monday that it signed a collaboration with drug giant GlaxoSmithKline that includes a $250 million equity stake in t.....»»
Developing a vaccine takes 10 years. Sanofi seeks to do so within 18 months
"I can assure you, for one of the leading companies like ourselves, we're doing everything we can to be there as fast as we can," said Paul Hudson, CEO of the French pharmaceutical giant Sanofi......»»
Unilever to shield workers from financial impact of coronavirus
Consumer goods giant Unilever Plc said on Tuesday it would protect its workforce from the financial impact of the coronavirus by continuing to pay contractors and other part time staff for up to three months......»»
Unilever to protect workers from sudden pay drop for up to three months
Consumer goods giant Unilever Plc said on Tuesday it would shield its workforce for up to three months from sudden drop in pay, resulting from market disruptions or an inability to perform their roles during the coronavirus pandemic......»»
Stock buybacks and cutting losses: SoftBank, the Japanese investment giant behind WeWork, is under immense pressure to shield itself from an upcoming downturn
Reuters SoftBank is selling key assets to buy back stock in an effort to cushion its stock, which has plummeted over 50% since mid-February because of fears over the coronavirus outbreak, the co.....»»