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US Companies

Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to the trading firm, Merit Peak Ltd

Updated On: 18 Feb 2023 | 8:55 AM IST

At least a dozen more cuts on Friday night affected workers in the company's Dublin and Singapore offices

Updated On: 08 Jan 2023 | 6:34 AM IST

Sam Bankman-Fried signed his surrender documents on Tuesday, he will sign a separate set of papers finalising his waiver of rights to fight extradition

Updated On: 21 Dec 2022 | 8:24 AM IST

Iconic windproof lighter maker Zippo Manufacturing Company is targeting nearly 50 per cent growth in sales in India for 2023 and expects to continue strong double-digit growth over the next five years, said a company official. The company gets around 60-70 per cent of sales from e-commerce channels in India and is also expanding its presence in offline channels, where it expects faster growth in 2023, said Zippo Global Marketing Associate Vice President Lucas Johnson. The company has done successful tests with very big retail partners such as Reliance and has plans to roll out lighters at more retail stores as it senses a "huge opportunity" there, he added. The company, as per its retail strategy prioritises online sales with its own channel besides several key e-commerce channel partners such as TATA Cliq Luxury, Amazon and Flipkart. It is also present in high-end gift shops or places like Cafe Coffee Day, Beer Cafe etc. Based on our success in the Indian market this year, consume

Updated On: 20 Dec 2022 | 1:36 PM IST

The company has also said it expects the industry to get more competitive in the future with the rise of cloud gaming

Updated On: 19 Dec 2022 | 12:19 AM IST

Top Indian-American business executive Punit Renjen, who recently announced his retirement as Deloitte Global CEO, has said that his future endeavours would include India in particular on nature-based solutions to the climate crisis. My future endeavours are going to involve India. I'm very passionate about India, and the journey that India is on. I firmly believe that this is India's century, Renjen told PTI in a recent interview. Renjen, 61, announced his retirement from Deloitte last month. As Deloitte Global CEO since 2015, Renjen developed and executed a global strategy that resulted in Deloitte revenue growing from USD35 billion to more than USD59 billion in just seven years. Noting that India took on the presidency of the G-20, he said this is a great opportunity for India now to lead the rest of the world. My focus in India will be around climate, particularly nature-based solutions to the climate crisis that we face around sustainability and skilling and education, ...

Updated On: 12 Dec 2022 | 9:22 AM IST

Zetwerk's acquisition of Unimacts will provide the company with immediate access to marquee solar and wind-power customers

Updated On: 30 Nov 2022 | 11:38 PM IST

Musk, the world's richest man, appears in a hurry to make Twitter into a money-spinner, but it takes time to understand the requirements for successful organisational change

Updated On: 24 Nov 2022 | 12:11 PM IST

After reinstating accounts back onto Twitter even after promising that decisions would be taken by a content moderation council, CEO Elon Musk blamed "activists" for his moderation council lie

Updated On: 23 Nov 2022 | 10:51 AM IST

"I am devastated by my failings," Holmes said. "Looking back there are so many things I'd do differently if I had the chance. I tried to realize my dream too quickly."

Updated On: 19 Nov 2022 | 6:43 AM IST

The mass layoffs that began in Amazon's corporate ranks this week will extend into next year, CEO Andy Jassy said on Thursday. In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout offer. "I have been in this role now for about a year and a half, and without a doubt, this is the most difficult decision we have made during that time (and, we have had to make some very tough calls over the past couple of years, particularly during the heart of the pandemic)," Jassy wrote in the memo. Seattle-based Amazon, which has been cutting costs in various areas of its business in the past few months, is undergoing an annual review process to figure out where it can save more money. Jassy said this year's review is "more difficult" due to the economic landscape and the company's rapid hiring in the last several years. Other tech companies -- many of which had

Updated On: 18 Nov 2022 | 10:49 PM IST

Disappointing quarterly updates from the Google parent, as well as Microsoft Corp. and semiconductor giant Texas Instruments Inc., triggered a selloff threatening to wipe more than $380 billion

Updated On: 26 Oct 2022 | 8:06 PM IST

Hankey was named to the post in 2019 to replace Jony Ive, Apple's iconic design chief for two decades

Updated On: 22 Oct 2022 | 10:02 AM IST

Elon Musk's plans for Twitter Inc. involve slashing its staff by nearly 75% in a matter of months, according to documents obtained by the Washington Post

Updated On: 21 Oct 2022 | 7:48 AM IST

Meta's top executive Amin Zoufonoun, who led Facebook's acquisitions of Instagram, WhatsApp, and Oculus, has confirmed that he is leaving the tech giant after 12 years

Updated On: 20 Oct 2022 | 1:05 PM IST

Nearly 10 per cent of American workers surveyed in 2020 were covered by a training repayment agreement, said the Cornell Survey Research Institute.

Updated On: 18 Oct 2022 | 12:22 AM IST

US exercise and fitness equipment company Peloton CEO Barry McCarthy has announced to cut 12 per cent of the workforce (nearly 500 employees) in a latest lay-off round

Updated On: 09 Oct 2022 | 1:28 PM IST

To cut costs, the company cut hundreds of jobs, shuttered stores and outsourced delivery to third parties this year

Updated On: 06 Oct 2022 | 8:56 PM IST

Apple is violating federal labor law by engaging in surveillance and interrogation of employees, according to the CWA's claim

Updated On: 06 Oct 2022 | 7:15 AM IST

The dismal state of American manufacturing combined with resilient Asian supply chains has brought into focus the crucial global role of industrial giants like South Korea, China and Japan

Updated On: 19 Sep 2022 | 7:16 AM IST