May 5, 2021 8:44 am
According to a Tuesday report by Bloomberg News, citing sources with knowledge of the matter, Goldman Sachs Group Inc (GS) intends to inform its employees to be prepared to return to offices by mid-June. The Wall Street bank employs almost 40,000 people across the globe. Other banks such as Wells Fargo & Co had previously […]
Read moreApril 28, 2021 9:31 am
United Parcel Service Inc’s (UPS) quarterly revenue, reported on Tuesday, surged past Wall Street estimates, as the package delivery company experienced a boom in online purchases amid the coronavirus pandemic. UPS’ total revenue went up 27% year-on-year to $22.9 billion during the latest fiscal quarter, while outstripping a consensus of analyst estimates pointing to revenue […]
Read moreApril 28, 2021 7:31 am
Tesla Inc (TSLA) intends to add facilities at its plant in Shanghai with which to repair and reproduce essential components such as electric motors and battery cells, according to a document submitted by the company to local authorities. The auto maker also intends to add manufacturing capacities for car structures and electric motor controllers, the […]
Read moreApril 26, 2021 7:34 am
United Airlines Holdings Inc (UAL) said on Friday that it would add more than 480 daily flights to its US schedule in June in order to meet summer period demand, which is expected to increase as COVID-19 vaccine roll-out progresses. “As leisure journey continues to return this summer time, we’re including extra flights to our […]
Read moreApril 22, 2021 7:40 am
According to Goldman Sachs Group Inc’s (GS) 2020 sustainability report, Black employees comprised 6.8% of its workforce in the United States and also represented about 3% of its senior executive team. In comparison, in 2019, black employees made up 6.6% of the bank’s US workforce. The report also showed that Goldman Sachs employed a total […]
Read moreApril 21, 2021 9:33 am
Toshiba Corp’s (6502) board has decided against CVC Capital Partners’ $20 billion buyout proposal due to the lack of required details, the company said earlier this week. Yet, the conglomerate added that it remained open to “credible” offers. In a new letter, CVC, which had previously proposed to take Toshiba private, did not provide the […]
Read moreApril 21, 2021 7:33 am
Microsoft Corp (MSFT) plans to invest $1 billion in Malaysia over the upcoming five years in a new partnership with government agencies and domestic companies, the country’s Prime Minister announced earlier this week. As part of the Bersama Malaysia initiative, the US tech company will build its first datacentre region in Malaysia in order to […]
Read moreApril 19, 2021 7:32 am
Citigroup Inc (C) said last week that it intended to hire 300 new relationship managers in Hong Kong as it seeks to increase clientele threefold and assets under management twofold in its wealth management business in the key financial centre. The news comes one day after Citigroup announced plans to withdraw from consumer banking in […]
Read moreApril 15, 2021 7:47 am
Dollar General Corp (DG) on Wednesday announced plans to hire up to 20,000 workers this spring. It is the latest company to announce a hiring spree, with more segments of the US economy re-opening and fiscal stimulus kicking in. In a statement, the US company said that hiring events would be hosted later in April […]
Read moreApril 14, 2021 10:49 am
Goldman Sachs Group Inc (GS) said on Tuesday that it intended to open a new office in the city of Birmingham, as it seeks to expand its office space in Britain at a moment when other banks are doing quite the opposite because of the coronavirus crisis. According to Goldman, the first employees are to […]
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