Digital payments firm Stripe has hired Wall Street banks Goldman Sachs and JP Morgan to explore a public listing and alternatives to allow employees to cash out stakes in the private company, two sources familiar with the matter told Reuters. The move, communicated to Stripe employees in an internal memo earlier on Thursday, would give… Continue reading Stripe hires Goldman, JP Morgan to explore US listing, private share saleSome employee share options are coming up for expiry but Stripe shares are no…
Tag: Morgan
Tesla shares pop on ‘better than feared’ earnings results, demand outlook
Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023. Marlena Sloss | Bloomberg | Getty Images Tesla shares rose nearly 11% Thursday, after beating on the top and bottom lines, despite mixed analyst sentiment about the electric-vehicle manufacturer’s outlook. Tesla cut prices at the… Continue reading Tesla shares pop on ‘better than feared’ earnings results, demand outlook
Driven Brands elevates Danny Rivera to newly created Chief Operating Officer role
CHARLOTTE, N.C., Jan. 26, 2023 /PRNewswire/ — Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”), the largest automotive services company in North America, today announced the appointment of Danny Rivera to the newly-created role of Chief Operating Officer effective February 20, 2023, reporting to Chief Executive Officer Jonathan Fitzpatrick. Driven Brands is… Continue reading Driven Brands elevates Danny Rivera to newly created Chief Operating Officer role
How Tesla’s price cuts could spur an EV pricing war
A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts, and that’s proving to be a double-edged sword for the electric carmaker and the greater automotive industry. Tesla earlier this… Continue reading How Tesla’s price cuts could spur an EV pricing war
High-Speed Vehicle-Inspection Technology for Dealers on Display at NADA
UVeye’s industry-first suite of tire, underbody and exterior inspection technology sets new standards for speed, accuracy and cost efficiency General Motors, Hyundai, Toyota Tsusho, Volvo and CarMax are investment partners in development of the new technology DALLAS, Jan. 25, 2023 /PRNewswire/ — The auto industry’s first fully automated suite of vehicle-inspection systems for dealership service… Continue reading High-Speed Vehicle-Inspection Technology for Dealers on Display at NADA
Ford to cut 3200 European jobs, warns German union
Ford will cut up to 3200 jobs across Europe as it shifts development work to the US, according to German trade union IG Metall. The American firm plans to drop up to 2500 staff in product development and up to 700 in administration, affecting most German plants plus Belgium and the UK, the union said. It… Continue reading Ford to cut 3200 European jobs, warns German union
The clean tech arms race has begun
The annual meeting of the World Economic Forum is taking place in Davos from Jan. 16 until Jan. 20, 2023. It has dominated the headlines out of Davos this week, prompted diplomatic grumblings from Germany and put European lawmakers in a bind. Passed last year, a historic US climate bill has opened up a new… Continue reading The clean tech arms race has begun
20 days into 2023, nearly 20 Indian startups have cut jobsAccording to a report, 763 startups laid off 154,843 employees globally in 2022.
20 days into 2023, and at least 20 Indian startups have handed pink slips to employees, in a grim start to the new year which was expected to bring some respite from the tech winter. While 2021 is remembered as the year of unprecedented funding rounds as Indian startups raised more than $42 billion across… Continue reading 20 days into 2023, nearly 20 Indian startups have cut jobsAccording to a report, 763 startups laid off 154,843 employees globally in 2022.
@niche: Morgan Recognised for Support of Armed Forces Community002458
Morgan has been awarded bronze certification from the Defence Employer Recognition Scheme (ERS). This award acknowledges the company’s support of the Armed Forces community and its commitment to serving personnel, both regular and reservists, veterans, and military families. Less than a year ago, Morgan signed the Armed Forces Covenant, pledging to support and champion the… Continue reading @niche: Morgan Recognised for Support of Armed Forces Community002458
China’s video game makers see revival hopes as crackdown eases
China’s end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Beijing’s tough curbs in 2021 laid waste to the once-booming industry, shaving over half of the… Continue reading China’s video game makers see revival hopes as crackdown eases