Recently, Shantanu Narayen, Adobe’s long-time chief executive, said he will step down once a successor is found. His 18-year tenure unfolded in two distinct acts. The first was a triumph.…
Category: Companies
State Street, Voya Seek Shelter From Default Risk
(Bloomberg) — As rising energy prices and growing inflation fears make corporate bonds look increasingly risky, big money managers including State Street and Voya Investment Management have been looking at…
AI boom? OpenAI set to double its team by end of 2026; new hires to be deployed across these fields – Report
OpenAI said it plans to nearly double its workforce to 8,000 from the existing 4,500 by the end of 2026, the Financial Times reported on Saturday, citing two people with…
Elon Musk misled investors before buying Twitter in 2022, finds US jury — $2.6 billion coming for shareholders?
A US federal jury in California on Friday found that world’s richest billionaire Elon Musk liable for claims that he misled Twitter shareholders by trying to pull down the social…
Great Eastern Shipping gains as charter rates double due to war in West Asia
Mumbai: As war roils the Persian Gulf and the global economy feels its shockwaves, just across the Arabian Sea in Mumbai sits Great Eastern Shipping Co. Ltd, one of the…
Jury finds Elon Musk misled investors during Twitter purchase, absolves him of some fraud claims
SAN FRANCISCO — A jury has found Elon Musk liable for misleading investors by price in the tumultuous months leading up to his 2022 acquisition of the social media company…
Trump Suit Against Capital One Dismissed But Can Be Refiled
The Trump Organization’s lawsuit accusing Capital One Financial Corp. of political discrimination and illegally closing its accounts in 2021 was tossed out by a judge, but he said the claims…
Lula Says Petrobras, Pemex Could Partner on Oil Exploration
(Bloomberg) — Brazil President Luiz Inacio Lula da Silva said he spoke with Mexican leader Claudia Sheinbaum about a possible exploration partnership between their nations’ state-run oil companies in the…
CBS News layoffs: Internal memo shows 6% jobs to be cut to ‘remain competitive’, CBS Radio to end in May, say reports
American media giant CBS News is set to cut 6% of its workforce on 20 March, to “remain competitive”, Bloomberg reported citing an internal memo. The Paramount Skydance Corporation owned…
Zomato hikes platform fee to offset rising operational costs. Here’s how much more you will pay
Food delivery leader Zomato on Friday increased its platform fee by ₹2.40, bringing the pre-tax charge to ₹14.90 per order. Previously set at ₹12.50, this pan-India adjustment aims to offset…