Finance

Transport service company operating a mobile app and providing ride hailing services Lyft Inc. (LYFT) says it will slow down on its hiring operations and assess further budget cuts in some department. This move is similar to what its industry peer Uber Technologies Inc. (UBER) announced a few weeks ago. “We’re also being responsible about […]

Semiconductor and infrastructure software products manufacturer Broadcom Inc. (AVGO) is holding talks with an aim of acquiring provider of cloud service VMware Inc. (VMW). This information was disclosed by people who are directly involved in the matter. According to the sources, talks between the two companies are still underway but too far from reaching a […]

United States based investment bank and financial service provider JPMorgan Chase Co. (JPM) is wet to cut down on its information technology (IT) operations in India since the growth boom the sector experienced during the pandemic time is over. The company’s analysts say that they have downgraded the sector to underweight. The sector is valued […]

United States based private equity firm KKR & Co Inc. (KKR) will be acquiring wholesale power generation company ContourGlobal PLC (LON: GLO) in a deal worth 1.75 billion pounds ($2.16 billion). KKR says this acquisition deal will come as a strategy of expanding its presence in the renewable energy industry. According to the acquisition deal, […]

United Stated based car maker Ford Motor Co. (F) has sold 7 million shared it held for electric vehicle manufacturer Rivian Automotive Inc. (RIVN) for $26.88 per share with the total transacting amounting to $182.2 million. This was revealed through a filing Ford made with regulator last week. According to the filing with the U.S […]

Japan based car maker Nissan Motor Co. (TYO: 7201) has predicted a flat operating profit for the current financial year citing the increasing cost of raw materials, COVID restrictions in China and the global computer chip shortage. This comes less than a day after its industry peer Toyota Motor Co. (TYO: 7203) announced that the […]

American independent investment bank and financial service provider Jefferies Financial Group Inc. (JEF) announced that the Instagram account for its Chief Executive Officer Rich Handler had been hacked. This incidence took place during the past weekend. “Any stories related to discounted sales of shares, crypto donations or donations to Ukraine that appear on that hacked […]