Logitech Announces Major Global Reorganization, Lays off 300 Employees
Swiss technology company Logitech has reportedly laid off 300 employees amidst a challenging global macroeconomic environment. The maker...
Indrajeet Giram
Toshiba agrees to buyout proposal led by Japan Industrial Partners
The board of Toshiba Corp has reportedly accepted a buyout offer from a consortium led by Japan Industrial...
Banking turmoil not over yet: Man Group CEO predicts more failures
The CEO of Man Group, Luke Ellis, has expressed concerns over the ongoing banking turmoil following the collapse...
CBI Claims Vijay Mallya Purchased Properties Worth ₹330 Crore During Airline Turmoil
According to a supplementary chargesheet filed by the Central Bureau of Investigation (CBI), Vijay Mallya, a beleaguered businessman...
EU antitrust regulators investigate suspected cartel activity in energy drinks industry
On Tuesday, the European Commission reported that it conducted raids on a company operating in the energy drinks...
Swiss Government Halts Bonus Payments for Credit Suisse Employees
The Swiss government has directed Credit Suisse to halt temporarily the payment of bonuses to its workforce, following...
Mercedes-Benz site searched by authorities over corruption allegations
German prosecutors are investigating two employees of Mercedes-Benz for suspected corruption, and searches were conducted last week at...
Gamers’ Lawsuit Against Microsoft’s $69 Billion Activision Acquisition Dismissed
On Monday, Microsoft Corporation (MSFT.O) won a dismissal of a private consumer antitrust lawsuit over its proposed acquisition...
Moody’s downgrades outlook for UBS following Credit Suisse acquisition
Moody’s, the credit rating agency, recently made an announcement on Tuesday confirming the credit ratings of UBS Group...
Virgin Orbit’s insolvency planning signals financial turbulence
Virgin Orbit Holdings Inc, a company that specializes in satellite launches, has reportedly started preparing detailed contingency plans...