Tag: actual filters
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Disney lays off more than 300 streaming-focused employees in China
Walter Disney Co. DIS 2.16% has laid off more than 300 Beijing employees working on its streaming services, according to people familiar with the situation, as part of a cost-cutting and restructuring effort at the entertainment company. The layoffs in China come after Disney this week began implementing the first wave of cuts in a […]
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Micron is reporting its biggest loss ever, but its stock gains, execs say, have reached stock trouble
Micron Technology Inc. reported its biggest quarterly loss ever due to a stock write-down of more than $1.4 billion on Tuesday, but shares held firm as executives suggested the memory market may be bottoming out. “We now believe that customer inventories have declined in several end markets and we see the balance between supply and […]
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Lyft hires new CEO as founders step back amid competitive battle
Lyft Inc., LYFT -2.74% struggles with competition and a battered stock price, taps a board member as CEO, and the two co-founders will step down from managing the company, the ride-sharing company said Monday. David Risher, who held management positions at Amazon.com Inc. and Microsoft Corp. before starting a non-profit children’s reading organization in 2009, […]
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Alibaba co-founder Jack Ma returns to China after a year’s absence
Jack Ma, Alibaba Group Holding Ltd. The billionaire co-founder has returned to mainland China after spending about a year abroad, according to people familiar with the matter. The travels of Mr. Ma have been the subject of intense scrutiny as China’s leadership scrambles to regain entrepreneurial confidence after years of regulatory and pandemic Covid-19 measures […]
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First Citizens Nearly Agree to Buy Silicon Valley Bank: Report
Last Updated: March 26, 2023 at 8:34 PM ET First published: March 26, 2023 at 7:57 p.m. ET First Citizens BancShares Inc. is close to a deal to acquire the bankrupt Silicon Valley Bank from the Federal Deposit Insurance Corp., according to a report late Sunday. Bloomberg News reported that a deal could be announced […]
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Gordon E. Moore, 1929-2023 – WSJ
Mar 26, 2023 3:38 PM ET The legendary co-founder of Intel Corp. Gordon Moore Photo: Ben Margot/Associated Press The last half of the 20th century was an era of American business invention and economic leadership, and one of the men who defined that era and launched the digital economy was Gordon E. Moore. The co-founder […]
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Why the stock market is looking past the worst banking mess since 2008 — for now
Judging by major indices, it will take more than the Federal Reserve to raise interest rates amid the worst banking mess since the 2008 financial crisis before stock market investors lose their cool. “Investors are broadly assuming that regulators will step in and shield the industry if they need to, which is what prevents it […]