Tag: times

Emtek to acquire Bank Fama in $63 million deal The media conglomerate plans to diversify into finance. The company’s aircraft deliveries in the first quarter fell to the lowest level since the pandemic. The Indian capital markets regulator has hardened the conditions under which foreign portfolio investors with outsized exposures would be spared from making full disclosure of the investors in the fund.

• How a company found success by creating content that brings people together.
• The National Basketball Association is canceling games, as is the National Hockey League.
• Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.
• Oracle was slow to move its database and enterprise applications to the cloud, but it has made strides in the past few years.
• Farmer confidence in their banks has plummetted to the lowest level in nearly a decade while the government considers the need for an independent inquiry.

The company also may face regulatory scrutiny on payment for order flow, in which the broker sells its trades to big institutions to execute. This key element of its commission-free business model drew attention when trading was halted, raising concerns about conflicts of interest. Robinhood said on Thursday that it had lost $3.69 billion last year, including $423 million in the last three months of 2021.

Fellow billionaires give Trump a boost as they announce support for former president’s campaign

See the past come to life through the BBC’s unique archive, in your inbox every Thursday. From ex OpenAI members emphasizing regulation; Glass Lewis advising against Musk’s pay to US considering sanctions on European banks and China’s housing rescue faltering, here’s a look at recent business developments around the world. Today we cover Torrent Pharma, Divi’s Lab, Ashok Leyland among others following their Q4 results.

• Germany’s new government has tapped Joachim Nagel, a career central banker and supporter of the country’s conservative monetary policy, to take over as head of the eurozone’s largest central bank, the Bundesbank, at a time of growing concern over inflation.
• In 2020, the White House unsuccessfully tried to force ByteDance, a Chinese internet company, to sell TikTok, the viral video app, to an American owner, also citing national security reasons.
• Its shares have fallen roughly 50 percent over the past year as tech stocks have been hit and after a regulatory crackdown in China that has weighed on Chinese stocks.
• Bambee and Gusto are well-respected human resources outsourcing services.

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While employers do have some wiggle room to adjust pay within certain situations, significant reductions without your consent can lead to complex legal challenges. May 20, 2024 • Johansson says she was approached multiple times by OpenAI to be the voice of ChatGPT, and that she declined. Then the company released a voice assistant that sounded uncannily like her. May 21, 2024 • Target joins other retailers trying to draw inflation-weary shoppers to stores.

Tips on retirement, paying for college, credit cards and the right way to invest. U.A.W. Seeks a New Election at Mercedes-Benz Plants in AlabamaThe union, which lost an organizing vote at two factories last week, argued to federal officials that the automaker had violated labor laws. Reebok Isn’t a ‘Hobby’ for Shaquille O’NealAfter pushing to be in charge of the company’s return to basketball, the Hall of Famer understands the stakes. From Waiter to Guest at Nantucket’s Grande Dame HotelA writer returns to a classic Massachusetts hotel, where he worked 50 years ago, to ponder how he, the island, and the newly refurbished inn, have changed. Executive communications experts say the gig is becoming a harder sell for business leaders. The Fortune Recommends top picks for the best high-yield savings accounts offers customers the chance to earn over 5% APY.

Saudi Arabia’s NEOM plans flying taxis in new push

Lyft is not requiring workers to return to offices until at least 2023. Ms. Holmes’s trial has stretched nearly four months, with testimony from dozens of witnesses including scientists, chief executives and a four-star general. The proceedings have come to represent a defining moment for the tech industry and its culture of overly optimistic salesmanship. Futures of West Texas Intermediate, the U.S. benchmark, dropped nearly 4 percent to $68.23 a barrel.

• This key element of its commission-free business model drew attention when trading was halted, raising concerns about conflicts of interest.
• Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
• I think it’s going to propel a satisfying Christmas season.” Cinemark, which, like other chains, has added wide-ranging safety protocols, said on Friday that “No Way Home” delivered the company’s biggest opening-night gross ever.

In explaining the deal, Oracle executives pointed to its voice assistant technology, as well as its cloud, as assets that should help Cerner improve its offerings. But the transition over more than a decade has been difficult, costly and time-consuming. Most doctors and nurses now use digital records, but they spend an average of one to two hours doing desk work for every hour they take seeing patients, according to a study by the Mayo Clinic that Oracle cited. Electronic health records … Read More...

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Mikhail Fridman, founder of Alfa Group, is the first Russian billionaire to challenge European sanctions and demand compensation for his frozen assets, reports Vedomosti. Moscow’s moves to take over Central Asian pipeline capacity for deliveries to China might explain unusual urgency in the Turkmen search for new customers. Salvador Anglada, CEO of e& enterprise, explores the key milestones that have driven the company’s success in the past year and outlines their vision for a transformative journey towards a smarter, more secure, and sustainable future. The ASX has hit a six-week high with the energy sector the only loser in a day of gains across the ASX.

• Mike Lynch, a tech tycoon once compared to Bill Gates, said his fraud trial was “surreal”.
• Ms. Holmes’s rise to the top echelons of the business world was covered breathlessly by the news media, as was her downfall.
• For Cerner, the deal is a striking step by its new chief executive, Dr. David Feinberg.
• On Friday, an appeals court lifted the legal block on the vaccine rule, though appeals to the ruling were immediately filed, leaving the rule’s legal status up in the air.
• About 6,000 employees at the company’s headquarters in Hawthorne, Calif., build and manufacture SpaceX’s Falcon 9 rockets and Crew Dragon capsules.

Another mission from Florida is lifted off Tuesday morning, sending a cargo capsule full of supplies and research to the space station for NASA. However, SpaceX clarified that it does not currently have 132 infected employees on site. In the digital patient record business, Cerner had another appeal for Oracle.

Best Buy’s membership program: How to level up your tech shopping experience

Euronav NV, a major shipowner, is also keeping its ships clear, citing safety concerns. In Toronto, the S&P/TSX composite index was up 0.45 per cent at 20,620.62 on strength in energy stocks, as the price of oil moved higher. TPG will get 75 per cent ownership of two industrial parks in the suburban cities of Brampton and Vaughan, according to a statement Monday, confirming an earlier report by Bloomberg News. The seller, Oxford Properties Group, will retain a 25 per cent interest and continue to manage the assets. The five investment firms, which hold about 25 per cent of Gildan’s shares according to data compiled by Bloomberg, did not immediately respond to inquiries about Jobin’s comments. Bambee and Gusto are well-respected human resources outsourcing services.

• The US judge also concluded Ravindran’s testimony to be “not truthful” and said he either knows where the money is being hidden and won’t say or he refused to find out, the report added.
• Revenue in the quarter was up 14 percent, to $363 million, compared with the same period in 2020.

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