Page 3 - Us Companies

US fund TFCC to buy 46% stake in Chennai's Ramcharan for $4 billion

According to the company's official website, Ramcharan's registered office is at Dover City in Kent County

US companies added 534,000 jobs in November, ADP data show

The figures suggest steady improvement in a labor market where skills mismatches, job switching and pandemic-related factors are still making it difficult for employers to attract and retain workers

Uber survived the spying scandal, but they still fear for their career

The story Jacobs told, and the years it took to unravel, were entwined with Uber's terrible reputation.

DoorDash shares jump 17% on $8 billion deal, earnings beat

The all-stock deal is DoorDash's biggest purchase to date, eclipsing the acquisition of Caviar in 2019

Biden backs down on corporate tax hikes, open to altering filibuster

When asked about voting rights, Biden expressed support for changing the Senate filibuster tradition, which requires 60 of 100 US senators to agree on most legislation

Pinterest co-founder steps down to join Jony Ive's design firm

The departure comes at a complicated time for Pinterest, which is dealing with a number of accusations from former employees that the company discriminated against female workers

Delta Air warns of rising jet-fuel cost, clouding profit rebound

Delta remains the lone holdout among the largest U.S. airlines when it comes to requiring employee vaccination against Covid-19

PM Modi meets leading American CEOs; encourages them to invest in India

Prime Minister Narendra Modi on Thursday met a group of five top American corporate leaders on a one-on-one basis from a range of diverse sectors ranging from drones to 5G

Hughes, OneWeb ink pact for Low Earth Orbit satellite service in US, India

Hughes Network Systems and OneWeb have announced agreements for Low Earth Orbit satellite service in the US and India.

Procter & Gamble appoints Shailesh Jejurikar as the global COO

Procter & Gamble (P&G) on Friday announced the appointment of Shailesh Jejurikar as the global Chief Operating Officer (COO), making him the first Indian to do so. This is in line with the change at the Chief Executive Officer level with Jon Moeller taking over from David Taylor. "In October, Shailesh Jejurikar will become P&G's Chief Operating Officer (COO). As COO, Shailesh will have profit/loss responsibility for P&G's Enterprise Markets (Latin America, India, Middle East, Africa, Southeast Asia, and Eastern Europe)," P&G said in a statement. He will also lead Information Technology, Global Business Services, Sales, Market Operations, New Business, Purchasing, Manufacturing, and Distribution efforts for the company, the company added. Currently, Shailesh is the Chief Executive Officer of Procter & Gamble's largest business sector, Fabric and Home Care, which includes brands such as Tide, Ariel, Downy, Gain, Febreze, Swifferand represents about one-third of ..

Domino's posts upbeat profit, revenue as new menu items boost sales

Domino's is one of the biggest beneficiaries of the pandemic-induced lockdowns

Apple delays office return by at least a month as Covid-19 spikes in US

The iPhone maker becomes one of the first US tech giants to delay plans for a return to normality

Bill Ackman abandons Universal Music SPAC deal after SEC backlash

The original deal would have valued the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($41.3 billion) including debt.

Robinhood seeks up to $35-billion valuation in upcoming mega US IPO

About 55 million shares are being offered in the IPO to raise over $2.3 billion

Bank of America 2Q profit more than doubles to $9.22 bn, tops forecast

Bank of America 2Q profit more than doubles, tops forecast Bank of America Corp. said Wednesday that second-quarter net income more than doubled to USD9.22 billion from USD3.53 billion a year ago. The Charlotte, North Carolina-based bank said it had earnings of USD1.03 per share for the quarter ended June 30, up from 37 cents in the year-ago quarter. The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share. The nation's second-largest bank posted revenue of USD22.62 billion in the period. Its revenue net of interest expense was USD21.47 billion, missing Street forecasts. Four analysts surveyed by Zacks expected USD21.77 billion. Year-ago revenue was USD22.33 billion. Bank of America shares have increased 32per cent since the beginning of the year, while the S&P 500 index has risen 16per cent. The stock has climbed 65per cent in the last 12 months.

Joe Biden to warn US companies about Hong Kong risks, says report

A new law that allows Beijing to retaliate against anyone complying with anti-China sanctions is also among the US concerns: media report

Robinhood gives founders second chance at $1.4 billion windfall

The company had agreed to award CEO Vladimir Tenev and chief creative officer Baiju Bhatt 13.8 million shares contingent on its share price reaching certain price levels at the time of its IPO

Jim Whitehurst steps down as IBM president in just 14 months

In a surprise development, IBM has announced that Jim Whitehurst has decided to step down as President of the company just 14 months after joining in that role.

Trump Organisation CFO Weisselberg surrenders ahead of tax fraud charges

Weisselberg lawyers Mary Mulligan and Bryan Skarlatos said he "intends to plead not guilty and he will fight these charges in court."

Biden administration weighs executive order restraining big companies

Action would go beyond traditional antitrust enforcement and would likely face legal challenges