Major plunge in Alstom shares as company slashes cash flow forecast
Alstom, the French train manufacturer, experienced a shocking 35% drop in its shares on Thursday after announcing a significant reduction in its free cash flow [more…]
Category: Business
Resolution reached in U.S.-Mexico labor dispute at Grupo Yazaki auto parts factory
In a significant development, the labor complaint at Grupo Yazaki’s auto parts factory in Guanajuato, Mexico, has been successfully resolved under the United States-Mexico-Canada Agreement [more…]
UBS offers above market deposit rates to attract customers after acquiring Credit Suisse
UBS is making a bold move to attract customers by offering higher-than-average interest rates on deposits. This strategy comes after UBS took over struggling bank [more…]
Over 75,000 employees to go on strike at numerous Kaiser Permanente healthcare facilities throughout the U.S.
In an unprecedented move, workers at Kaiser Permanente, the nation’s largest healthcare nonprofit, have initiated a strike. Over 75,000 union members are walking out of [more…]
BP is considering the possibility of selling its $1 billion stake in U.S. pipelines
BP Plc is reportedly considering selling a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, with hopes of [more…]
Cuban innovators employ ‘Aquaponics’ to enhance food production efficiency
In the midst of Cuba’s economic crisis and ongoing shortages, basic activities such as fishing and farming have become increasingly complex. That’s why two enterprising [more…]
Canada’s Laurentian Bank appoints new CEO immediately, ousting current after systems crash
Following a system crash that disrupted many of Laurentian Bank’s services, the company announced the departures of CEO Rania Llewellyn and board chair Michael Mueller. [more…]
Birkenstock, the German company, aims for a $9.2 billion valuation in its upcoming IPO in New York
On Monday, the renowned German sandal company, Birkenstock, announced its intention to set the price range for its upcoming initial public offering (IPO) in New [more…]
Kellanova, formerly Kellogg Company, declares the successful conclusion of the separation of its North American cereal division
Today, Kellanova (formerly Kellogg Company) announced the successful completion of the separation of its North American cereal business, WK Kellogg Co. This separation has resulted [more…]
Malaysia revs up chip production to regain semiconductor leadership with Intel, Infineon, and more
In recent years, Malaysia has been making significant strides in its quest to become a formidable semiconductor hub in the global tech industry. Ng Kok [more…]