May 26, 2021 7:50 am
X Financial (XYF) said earlier this week that it had appointed Shaoyong (Simon) Cheng as the Vice Chairman of the Board of Directors. Cheng has stepped down as President of the company and has been succeeded by Kan (Kent) Li, effective May 24th. Shaoyong (Simon) Cheng became part of X Financial’s team in 2015 and […]
Read moreMay 24, 2021 7:32 am
Delta Air Lines Inc (DAL) said last week that it had appointed Dan Janki as its new Executive Vice President and Chief Financial Officer. Janki joins the US air carrier from General Electric, where he currently serves as Senior Vice President and Chief Executive of GE Power Portfolio. As CFO, Janki will oversee financial reporting, […]
Read moreMay 20, 2021 7:53 am
Southwest Airlines Co (LUV) on Wednesday revised down its average core cash burn forecast for the second quarter by $1 million per day, since a recovery in leisure travel demand is likely to more than compensate for higher fuel prices. According to Southwest, leisure passenger travel demand and bookings have improved in May and June […]
Read moreMay 19, 2021 9:35 am
International Business Machines Corp (IBM) announced on Tuesday that it would acquire Waeg, a consulting partner for Salesforce. The acquisition is expected to extend IBM’s range of services and also to support its hybrid cloud and artificial intelligence strategy. The deal follows another acquisition by IBM in January – that of 7Summits, a US-based firm […]
Read moreMay 19, 2021 8:16 am
AT&T Inc (T) announced earlier this week that it had reached an agreement to merge its content unit, WarnerMedia, with Discovery. Under the terms of the deal, AT&T expects to receive an aggregate amount of $43 billion that combines cash, debt as well as WarnerMedia’s retention of certain debt. As a result of the agreement, […]
Read moreMay 17, 2021 7:47 am
All new US hires at Delta Air Lines Inc (DAL) will need to be vaccinated against COVID-19, the company announced last week. ”Any person joining Delta in the future, future employees, we’re going to mandate they be vaccinated before they can sign up with the company,” Delta Air’s Chief Executive Officer Ed Bastian said in […]
Read moreMay 13, 2021 7:30 am
The Wendy’s Co (WEN) on Wednesday reported first-quarter revenue and earnings above Wall Street estimates and raised its full-year profit forecast. The burger chain is confident that its breakfast menu, which it launched just prior to last year’s lockdowns, will bring back customers as restaurants reopen for business. Wendy’s shares closed lower for the fourth […]
Read moreMay 12, 2021 9:32 am
T-Mobile US Inc (TMUS) said earlier this week that its direct wholly-owned subsidiary, T-Mobile USA Inc, had agreed to sell $800 million aggregate principal amount of its 2.250% Senior Notes due 2026, $1.100 billion aggregate principal amount of its 3.375% Senior Notes due 2029 and $1.100 billion aggregate principal amount of its 3.500% Senior Notes […]
Read moreMay 12, 2021 7:20 am
Coty Inc’s (COTY) third-quarter revenue, reported earlier this week, dropped 3.3% year-on-year. The company’s cosmetic product sales were adversely affected by coronavirus-related restrictions in some parts of Europe, including the United Kingdom and France. Coty’s revenue from continuing operations on a reported basis shrank to $1.03 billion during the latest fiscal quarter, while matching a […]
Read moreMay 10, 2021 7:29 am
According to a statement by American International Group Inc’s (AIG) Chief Executive Officer Peter Zaffino last week, the company intends to use an IPO in order to sell a 19.9% stake in its life and retirement unit. The company weighed interest from competitors, however, according to the CEO, “at this time, we believe an IPO […]
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