Disney announces a major shakeup in its organization, particularly forming a centralized department for its entertainment division, with emphasis on its streaming platforms. Entertainment giant Disney had said that it plans to make a shakeup in its organization, mainly to pour more focus on its streaming platforms. With a revamped […]
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Total Wealth of Billionaires Surpasses $10 Trillion, New Report Says
A recent report revealed the billionaires’ wealth rose to over $10 trillion in April to July. While many businesses struggled in the pandemic, the total amount of the fortune of billionaires rose to a record high. Swiss bank UBS and accounting firm PwC reported that total wealth held by billionaires […]
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Stein Mart Is Filing for Bankruptcy to Close Their Stores
American discount department store Stein Mart has filed for Chapter 11 bankruptcy. It also intends to permanently shut many of their stores. The retailer is the latest to the growing list of businesses that had severely suffered amid the huge blow of pandemic to many industries. Closing shop The Florida-based […]
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Japan: Third GDP Drop in A Row Is Due to Fewer Consumer Spending
Japan jumps into the growing list of large economies reporting bad GDPs in light of the pandemic’s disruption of most of the world’s economic activities. Consumption, the main driver of Japan’s economy, is severely affected by the outbreak. Third quarterly decline of Japan The third largest economy in the world […]
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BlackLine Firm’s Female CEO To Leave Post, To Empower More Women
BlackLine chief executive officer and founder Therese Tucker, one of the few women to be top of a tech company, is stepping down from her post. On Thursday, the American software company BlackLine revealed a shakeup among its leadership starting next year. On January 1, 2021, Tucker will still remain […]
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Uber Acquires UK Company Autocab To Service More Locations
Uber Technologies announced on Thursday that it agreed to purchase Autocab, a British tech company. Autocab is a 25-year old tech company from UK that supplies taxi booking and dispatch software systems. It also connects passengers to drivers via its iGo marketplace. Wider reach The move will further widen the […]
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HSBC Reports 65 Percent Dive in Net Profits Amid Pandemic, Geopolitical Tensions
HSBC’s first half of the year is not looking good amidst the continuous blow of the pandemic to various sectors, including banks. This could potentially “accelerate” the overhaul plans of the company, which was announced before the pandemic. Down by more than half HSBC reported a year-after-year dive of 65 […]
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Camera Company Kodak Shares Remain 530% High
Kodak shares are still high with raking up at 530 percent for the previous five days, despite some huge drops last week and a 20 percent slide on Monday. This increased stock for the camera company came as they secured a federal loan of $765 million last week to produce […]
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Ambani’s Company To Put 2G As ‘Part of History’
On Friday, chairman of Reliance Industries and India’s richest man emphasized the need for many Indians to move on from 2G technology. In a statement video, Mukesh Ambani mentioned that many Indians are still “trapped” in the 2G technology, keeping them from even basic Internet services as the world is […]
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7-Eleven’s Company Buys Gas Station Speedway
The parent company of 7-Eleven is on the process of acquiring gas station and retail store chain Speedway for $21 billion, via an announcement on Sunday. 7-Eleven plus Speedway Seven & i Holdings company and petroleum refining company Marathon Petroleum Corporation both revealed the all-cash purchase after the deal was […]