Tag: customer service
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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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Crypto will be ‘over’ in the US if Coinbase loses battle with SEC. This is why
Hello! Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Crypto exchange Coinbase MINT said Wednesday it received a notice from Wells from the Securities and Exchange Commission that could lead to formal charges. The SEC’s Wells notice covered an unspecified portion of the exchange’s publicly traded digital assets, the staking […]
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Accenture is cutting 19,000 jobs as IT spending declines
Accenture PLC is cutting around 19,000 jobs over the next 18 months, or 2.5% of its workforce, as the professional services company looks to cut costs and streamline operations amid declining IT spending. The company, which offers IT consulting and other business services, said in a filing filed Thursday that most of the employees expected […]
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First Republic Bank asks Lazard for help with strategic options assessment
First Republic Bank FRC 29.47% strengthens his ranks of advisors as the troubled lender tries to stay afloat and plan for a post-crisis future amid a transatlantic crisis of confidence in the banking system. The Bank of California this week tapped Lazard Ltd. LAZ 3.23% to help assess strategic options, such as a sale, a […]
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Uber, Lyft win as California court upholds right to treat drivers like contractors
Uber Technologies Inc., UBER -0.93% Lyft Inc. LYFT -2.87% and other companies won a California court ruling that maintains their model of independent contractors in the state and could boost their efforts to maintain that model elsewhere. A state appeals court said workers should continue to be treated as independent contractors under a California ballot […]