restructuring

Carvana Runs Out of Gas
Carvana Runs Out of Gas
December 07, 2022  |  Earnings

Whatever happens, Carvana’s downward spiral shows there’s no easy path to forging the connected economy. Wednesday, the stock in the beleaguered online car firm plummeted...

READ MORE >
Elon Musk Says He Will Reduce Time at Twitter After Restructuring
Elon Musk Says He Will Reduce Time at Twitter After Restructuring
November 16, 2022  |  Acquisitions

Elon Musk has reportedly told a court that he aims to finish an organizational restructuring of Twitter this week and eventually find a new leader for the...

READ MORE >
Mizuho Securities, Rakuten Securities Ally on Asset Management Services
Mizuho Securities, Rakuten Securities Ally on Asset Management Services
October 07, 2022  |  Partnerships

Aiming to offer asset management consulting services both online and in person, Tokyo-based Mizuho Securities and Tokyo-based Rakuten Securities Holdings have announced a strategic capital...

READ MORE >
Apollo Global Management Bows Out of Musk-Twitter Deal
Apollo Global Management Bows Out of Musk-Twitter Deal
October 05, 2022  |  Acquisitions

Apollo Global Management and Sixth Street, which both were set to provide financing for Elon Musk to buy Twitter, have backed out of those talks,...

READ MORE >
JPMorgan Ends Use of Safe Deposit Boxes
JPMorgan Ends Use of Safe Deposit Boxes
September 30, 2022  |  Banking

Safe deposit boxes, a longtime fixture at banks worldwide, will soon be a thing of the past at one major banking chain. As Bloomberg News...

READ MORE >
Meta Cuts Budgets, Employees Alongside Hiring Freeze
Meta Cuts Budgets, Employees Alongside Hiring Freeze
September 29, 2022  |  Meta

Meta CEO Mark Zuckerberg has plans to cut down on headcount for the first time, which will see an end to “rapid growth” for the...

READ MORE >
Amazon Encourages Customer Service Staff to Work From Home
Amazon Encourages Customer Service Staff to Work From Home
September 28, 2022  |  Amazon

Amazon has been encouraging customer service employees to work from home to help save money on real estate, Bloomberg wrote. The shift is part of...

READ MORE >
Today in Crypto: California Targets 11 Firms for Alleged Securities Violations; FTX.US President Brett Harrison Steps Down to Advisory Role
Today in Crypto: California Targets 11 Firms for Alleged Securities Violations; FTX.US President Brett Harrison...
September 27, 2022  |  Cryptocurrency

In a speech at a conference on finance tokenization, François Villeroy de Galhau, governor of the Banque de France, said the bank is working on...

READ MORE >
Peloton Operations, Supply Chain Execs Exit
Peloton Operations, Supply Chain Execs Exit
February 15, 2022  |  Personnel

Peloton has overhauled its operations, bringing in new management and making layoffs, according to a Monday (Feb. 14) Bloomberg report. That includes the leaving of...

READ MORE >