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Alibaba fires employee accused of sexual assault as pressure mounts on Chinese tech Hong Kong (CNN Business) A sexual assault scandal has rocked Alibaba and led to departures at the Chinese e-commerce giant. The company on Monday said it has fired an employee after he was accused of sexually assaulting a woman who also works at ...
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Travel recovery key to Virgin Atlantic IPO plan- analysts LONDON, Aug 9 (Reuters) - Virgin Atlantic, the transatlantic airline founded by billionaire Richard Branson, may need a deeper travel recovery to take hold before it can secure investor backing for its plans to float on the London Stock Exchange, analysts said.
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Marlboro owner wants to buy a company that makes asthma inhalers. Health charities say it must be stopped In a statement, Philip Morris International (PM) said it had increased its bid for Vectura to £1.65 ($2.29) per share, valuing the asthma inhaler maker at £1.02 billion ($1.4 billion).
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Two companies to invest into offshore wind production in northeast England Siemens Gamesa will invest a total of 186 million pounds to expand its blade manufacturing site located near Hull - Britain's largest offshore wind manufacturing facility - readying it for the next generation of offshore wind turbines and blades greater than 100 ...
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Warren Buffett is buying more of his own stock as Berkshire profits surge Operating profits, a measure that Buffett and many analysts and investors prefer to look at as a true measure of Berkshire's health, rebounded sharply as well. The company posted an operating profit of $6.7 billion in the second quarter, a 21% surge from a year ...
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This is a first: The US has 10 million job openings New York (CNN Business) It's a hallmark sign of this strange pandemic labor market: America had a record 10.1 million jobs available in June, as businesses struggled to hire enough staff to support the full reopening of the economy. That mismatch between ...
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Domino's is giving away $50 million of free food to take on DoorDash The pizza chain announced Monday a "Surprise Frees" promotion, giving customers a chance for some free food to counter delivery apps like UberEats and DoorDash. Domino's called competitors' extra fees a "disappointing surprise.".
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Samsung's jailed leader Lee Jae-yong to be released on parole Seoul (CNN Business) Samsung's vice chairman — and de facto leader — Lee Jae-yong is to be released on parole this week, South Korea's Justice Ministry said on Monday. Lee, also known as Jay Y. Lee, was sentenced to two and a half years behind bars ...
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Berkshire Hathaway Q2 FY2021 Earnings Report Recap Berkshire Hathaway beat analysts' expectations on earnings and revenues. While gains on its investment portfolio were down YOY, operating earnings from its subsidiaries were up sharply, showing improvement in its underlying businesses. Revenues ...
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Saudi oil giant Aramco sees half-year earnings climb to $47B DUBAI, United Arab Emirates (AP) — Saudi Arabia's oil-producing company, Aramco, announced Sunday a net income of around $47 billion for the first half of the year, double what it earned over the same period last year when the coronavirus grounded ...
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