Business & Finance - Company News

Amazon to offer permanent roles to 70% of 175,000 new U.S. hires

Amazon to offer permanent roles to 70% of 175,000 new U.S. hires

The world’s largest online retailer will begin telling 125,000 warehouse employees in June that they can keep their roles longer-term. The remaining 50,000 workers...

Volkswagen pumps 2 billion euros into China electric vehicle bet, buys stakes in two firms

Volkswagen pumps 2 billion euros into China electric vehicle bet, buys stakes in two firms

VW said it will invest 1 billion euros to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group. BEIJING/HONG KONG: Volkswagen...

SoftBank Vision Fund head’s pay doubled last year despite massive losses

SoftBank Vision Fund head’s pay doubled last year despite massive losses

The 1.6 billion yen amount includes basic pay and other compensation, a group filing showed. TOKYO: SoftBank Vision Fund’s head, Rajeev Misra, saw his total...

Amazon in advanced talks to buy self-driving startup Zoox: WSJ

Amazon in advanced talks to buy self-driving startup Zoox: WSJ

The deal will value Zoox at less than the $3.2 billion it achieved in a funding round in 2018, the Journal reported, citing people...

Amtrak needs $1.5 billion bailout, prepares to cut up to 20% of workforce

Amtrak needs $1.5 billion bailout, prepares to cut up to 20% of workforce

The company, which has been devastated by the coronavirus pandemic, in April received $1 billion in emergency funding from Congress. WASHINGTON: U.S. passenger railroad service...

Warner Music kicks off $1.8 billion Nasdaq IPO

Warner Music kicks off $1.8 billion Nasdaq IPO

Warner Music, the world’s third-largest recording label and home to artists including Cardi B, Ed Sheeran and Bruno Mars. Warner Music Group said on Tuesday...

Tesla to cut car prices in North America, China

Tesla to cut car prices in North America, China

The price cut comes as states after lockdowns during which demand for cars waned. BEIJING: Tesla Inc said on Wednesday it will cut prices of...

VW loses landmark German case as diesel owners stand to receive damages

VW loses landmark German case as diesel owners stand to receive damages

Germany’s highest court for civil disputes ruled on Monday that those who purchased the vehicles in question are entitled in principle to receive damages. KARLSRUHE:...

The Story behind SoftBank’s investments

The Story behind SoftBank’s investments

The company posted an overall operating loss of 1.36 trillion yen in the 12 months ended March and a net loss of 961.6 billion...

Social media platform TikTok owner’s value rise over $100bn

Social media platform TikTok owner’s value rise over $100bn

Investors are confident that the social media platform will keep on attracting advertisers despite the global economic plunge due to coronavirus pandemic. It seems that...

Close
Close