MBK Partners, a Seoul-based private-equity firm, launched a $1.5 billion tender offer to secure a controlling stake in nonferrous-metal producer Korea Zinc, sending the smelter’s […]
Category: Business
Air Canada Talks With Pilots Union Hit Impasse, CEO Rousseau Says
The airline has said it could begin winding down operations as early as this weekend in anticipation of a strike.
Ballard Announces Restructuring to Lower Total Operating Expenses by More Than 30%
The restructuring comes about as the company works to maintain balance sheet strength amid a slowdown in hydrogen infrastructure development and delayed fuel cell adoption, […]
Amazon Boosts Pay for Its Drivers Following Threats to Unionize
Amazon says it is investing about $2 billion into its delivery services program that will boost average driver pay to nearly $22 an hour.
Microsoft Hires GE’s Ex-Finance Chief Happe to Lead Operations
Carolina Dybeck Happe will take on the newly-created role of executive vice president and chief operations officer
The Little-Known Company That Gives Its Employees a Real Voice
Most of the top 10 companies in our rankings of employee engagement are household names. Then there’s Prologis.
Mastercard to Acquire Insight Partners’ Recorded Future for $2.65 Billion
Mastercard agreed to acquire threat-intelligence company Recorded Future from Insight Partners for $2.65 billion, in an effort to expand its cybersecurity services.
Warner Bros. Discovery Signs New Distribution Deal With Charter
The new multiyear pact will increase the overall fees Charter pays to carry Warner Discovery channels such as CNN, Food Network and TBS.
Sibanye-Stillwater Cuts Guidance, Swings to Wider-Than-Expected Net Loss
Sibanye-Stillwater cut its gold production guidance for the year and posted a swing to a wider net loss than analysts had expected for the half […]
Verizon to Post $1.4 Billion Severance Charge After 4,800 Workers Take Buyout
Verizon Communications will book a third-quarter severance charge of up to $1.4 billion after roughly 4,800 employees accepted a buyout offer.