Posts in tag

Corporate/Industrial News


Oct. 29, 2023 11:36 am ET SINGAPORE—TikTok is asking managers across the world to give more employees lower ratings in performance reviews, a move that staff fear could reduce bonuses and lead to layoffs, people familiar with the matter said.  In mid-October, managers were told by senior management and staff in human resources that they needed …

In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and …

Shares of technology companies fell to close out a volatile week. Across the U.S. and beyond, companies, governments and households that bulked up on computers during the pandemic are drastically scaling back. PC and chip makers say the market slump is hitting their results, often harder than expected. Cloud-computing company Nutanix is exploring a sale …

Amazon.com Inc. is among the bidders for healthcare company Signify Health Inc., joining other heavy hitters vying in an auction for the home-health-services provider, according to people familiar with the matter. Signify is for sale in an auction that could value it at more than $8 billion, the people said. Bids are due around Labor …

Shares of Microchip Technology Inc. MCHP, +4.63% rallied 4.63% to $58.75 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.50% rising 1.50% to 3,902.62 and the Dow Jones Industrial Average DJIA, +1.12% rising 1.12% to 31,384.55. This was the stock’s second consecutive …

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/elon-musk-says-twitter-bid-cant-move-forward-without-more-clarity-on-fake-accounts-11652775337 Source link

Text size The supply-chain crisis hasn’t eased up for Cardinal Health. Dreamstime More than two years into the pandemic, the supply-chain crisis hasn’t eased up for Cardinal Health , a distributor of drugs, and maker of medical supplies. Shares were down 5.1% on Thursday after the company reported fiscal-third-quarter earnings that missed Wall Street expectations, …

HSBC, Europe’s most valuable bank, makes most of its money in Asia but is headquartered in the U.K. Now its largest shareholder, China’s Ping An Insurance, is pushing for strong measures to rectify this unwieldy arrangement—including a potential spinoff of the Asian business. HSBC is involved in a major restructuring effort to tilt its business …

Tesla CEO Elon Musk is irked at Bill Gates. He doesn’t see how Gates, a leading proponent of sustainable energy, could possibly sell Tesla’s stock short. And Musk says Gates is doing just that. In a tweet on Friday night. Musk said he believes Gates has sold short $500 million shares of Tesla (ticker: TSLA), …

A week into his rolling clash with Twitter Inc., Elon Musk went full-on corporate raider, offering to buy the company and warning he might sell his stake in the service if rebuffed. The Tesla Inc. chief on Thursday morning made a $43 billion bid for Twitter, the latest in a will-he-or-won’t-he saga between the world’s …