Money

The Chief Executive Officer of production company and online streaming platform Netflix Inc. (NFLX) Reed Hastings exercised $612 million worth stock options last year. This was a year when the company recorded staggering numbers of new subscribers on its streaming platform due to movement restrictions initiated to curtail movement of the deadly virus. This means […]

German based biotechnology company BioNTech SE (BNTX) says it is ready to expand its production capacity in terms of setting up new production facilities if the demand of their COVID-19 vaccine shoots up necessitating for capacity expansion. The company’s chief financial officer Sierk Poetting  said the company is very much willing to construct new production […]

United States based financial services provider and investment bank Goldman Sachs Group Inc. (GS) is pumping in an investment of $69 million (50 million pounds) into Britain based digital bank Starling bank. Starling made the announcement on April 19 saying the investment had already been completed. According to the bank, the investment will be an […]

International sports betting and gambling company Entain Plc. (LSE: ENT) has unveiled an employee share ownership initiative for the over 22,500 employees it has across the UK and other parts of the world. The company which owns the Coral and Ladbrokes brands said this plan shows that ESG concerns were at the center of its […]

The executive vice-president of CBS News Kimberly Godwin is set to become the next president of ABC News, the news division of mass media and entertainment company Walt Disney Co. (DIS). Citing a media report released on April 9, negotiations between Walt Disney and Kimberly Godwin are on their final stages with the possibility of […]

Tokyo based diversified products company Toshiba Corp. (TYO: 6502) is considering a $20 billion private takeover deal from private equity firm CVC Capital Partners. This was disclosed by an insider source who sought anonymity. The source claims the company has been facing immense pressure from activist shareholders to pull up its socks on managerial issues. […]

U.S based drug manufacturing company Emergent BioSolutions Inc. (EBS) has received an extra vaccine production order of $23 million for Johnson & Johnson’s COVID-19 vaccine. The company says this extra order is coming from a major agency based in the United State but failed to reveal the agency. Emergent Bio says it will be using […]

Leading tech company Microsoft Corp. (MSFT) says it has mitigated a technical hitch issue with Microsoft 365 services, Azure and its workplace messaging app Teams. Following the outage, many users were unable to access services across the three platforms. “We have confirmed that the underlying DNS outage has been mitigated. Currently we’re validating the recovery […]

Alphabet Inc. (GOOGL) the parent company of leading search engine Google will be making a contribution of $25 million to recently established European Media and Information Fund to help fight fake news. Often leading tech companies and social networks are being accused for not doing enough in the war against fake news across the internet. […]