February 1, 2023 8:48 am
Intel Corp (INTC) said earlier this week it had reduced pay for employees and executives. The cuts will be within the range of 5% for mid-level employees to 25% for the company’s Chief Executive Officer Pat Gelsinger. Pay for vice president level employees will be cut by 10% and top executives other than the CEO […]
Read moreJanuary 31, 2023 11:57 am
The shares of Nissan Motor Co Ltd (7201) surged in Tokyo on Tuesday, while those of Renault SA (RENA) closed lower in Paris on Monday, after the two companies announced an overhaul of their alliance, which has until now put them on an unequal footing. Under the new agreement, which the two auto makers announced […]
Read moreJanuary 30, 2023 11:40 am
TotalEnergies and Eni have finalized the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon, the companies said over the weekend. Under the terms of the agreements, TotalEnergies and Eni will each retain a 35% stake in the blocks, while QatarEnergy will hold the remaining 30%. […]
Read moreJanuary 30, 2023 9:39 am
Toyota Motor Corp (7203) said on Monday that it had sold 10.5 million vehicles in 2022, while it retained the top spot for global sales for a third consecutive year. Toyota’s global sales dipped 0.1%, as a 9.6% slump in home market sales to 1.9 million vehicles was offset by record overseas sales of 8.6 […]
Read moreJanuary 26, 2023 2:59 pm
Amdocs, a provider of software and services to communications and media companies, said on Thursday that it had launched its Subscription Marketplace service, which expands the breadth of Amdocs MarketONE. Major communications service providers across North America, Asia and Europe are already leveraging this marketplace with pre-integrated top-tier partners beyond media, including gaming, business applications, […]
Read moreJanuary 26, 2023 10:09 am
Lockheed Martin Corp (NYSE: LMT) and SAP SE (NYSE: SAP) said on Wednesday that they had expanded their strategic relationship to transform the mission-critical business systems that power Lockheed Martin’s OneLM Transformation Program. The latter represents the business and digital transformation effort that aims to improve Lockheed Martin’s speed, agility, insights and competitiveness. With this […]
Read moreJanuary 25, 2023 12:27 pm
Walmart Inc (NYSE: WMT) announced on Tuesday that it intended to increase average hourly pay for its store workers across the United States, starting in February. With the new wage hikes, the average hourly pay will become $17.50, compared with the current $17.00 per hour, and will reflect in March 2nd paychecks. According to a […]
Read moreJanuary 25, 2023 10:18 am
GAM said on Wednesday that it expected a net loss after tax of about CHF 309.9 million for the entire 2022 due to negative asset flows. The Swiss asset manager also said it expected an underlying pre-tax loss of nearly CHF 42.8 million. “2022 was a challenging year with our financial results seeing the impact […]
Read moreJanuary 24, 2023 11:54 am
Ford Motor Co (F) said on Monday that it expected to record a pre-tax remeasurement gain in its fourth-quarter results of nearly $50 million associated with the company’s pension and other postretirement employee benefits (OPEB) plans. That figure includes a $1.7 billion loss related to pension plans in the United States, a $450 million gain […]
Read moreJanuary 23, 2023 12:25 pm
Billionaire Elon Musk said in a tweet over the weekend that Twitter Inc had nearly 2,300 active employees. A CNBC report last Friday stated that Twitter’s full-time workforce had been brought down to 1,300 active, working employees, which included about 550 full-time engineers. Nearly 75 of that headcount are on leave including about 40 engineers, […]
Read more