industrial news
- Tech
Highflying Cyber Firms Cut Staff After Raising Hundreds of Millions of Dollars
Companies that help businesses battle hackers and comply with privacy regulations now face a potentially more formidable adversary: market turmoil.…
Read More » - Tech
Smaller Companies Are Urged to Adopt Multifactor Authentication
Too many small and medium-size businesses rely on usernames and passwords alone to secure their systems, leaving them vulnerable to…
Read More » - Health
Exxon Sees Green Gold in Algae-Based Fuels. Skeptics See Greenwashing.
Some scientists regard Exxon Mobil Corp.’s long-running quest to turn algae into a transportation fuel as little more than a…
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Apple Doesn’t Make Videogames. But It’s the Hottest Player in Gaming.
Apple Inc. AAPL 0.81% doesn’t make hot videogames such as “Fortnite,” or consoles such as the Xbox. But with little…
Read More » - Tech
Zoom Enters an Awkward Phase
The deterioration of Zoom’s market value since the deal announcement erased any premium for Five9’s investors. Photo: Jason Henry for…
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Amazon’s New Devices: the Astro Home Robot, a Smart Thermostat, a Wall-Mounted Echo Show and More
Amazon.com Inc. AMZN -2.64% streamed a media event Tuesday focused on new devices. As you might expect, it included updates…
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Spotify Kicks Off Campaign to Win More Advertisers
Spotify Technology SA began its first global brand campaign designed to court marketers as the audiostreaming giant tries to expand…
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Logistics Operators Raise Pay, Enlist Robots to Meet Holiday Demand
Warehouse operators are throwing every tool they can at increasingly urgent efforts to hire seasonal workers as they brace for…
Read More » - Market
Costco Limits Toilet Paper Purchases as Shortages Make an Unwelcome Return
A customer at a Giant store reaches for one of the last packages of toilet paper, which became scarce after…
Read More » - Finance
Ex-Lanistar staff allege bullying, sexism, and a ‘loser’s table’ for missing targets
Staff at celebrity-promoted fintech startup Lanistar were routinely sexually harassed and bullied over the past year, according to the accounts…
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Goldman Sachs names Kelleners as European M&A head
Goldman Sachs has promoted long-serving dealmaker Andre Kelleners to head of mergers and acquisitions for Europe, the Middle East and…
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Inside Lazard’s ‘commando’ dealmaker team and expansion plans: ‘We’re aggressively hiring’
William McRaven was the former head of US special operations who oversaw the raid that led to the death of…
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Citi investment bank boss says flexible working could give it a talent edge over rivals
Citigroup’s plans to offer flexible working to its employees could give it the edge in attracting talent over its Wall…
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JPMorgan’s trading platform Neovest fined for operating as an unregistered broker-dealer
The Securities and Exchange Commission said it has charged Neovest, a JPMorgan unit that provides an electronic trading platform, for…
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Citi dealmaker Shabi steps down after three decades at the bank
A senior dealmaker who has spent three decades at Citigroup is stepping down. Cyrus Shabi, co-head of its global building products investment…
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The EU’s digital wallet — the direction of travel for financial services?
Earlier this month, the EU unveiled plans to introduce a bloc-wide digital identity wallet as Covid-19 continues to turbocharge digital…
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Goldman Sachs to buy Lloyd’s Register assurance and cybersecurity arm
Goldman Sachs’ asset management arm is to buy the business assurance and cybersecurity unit of professional services firm Lloyd’s Register,…
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JPMorgan increases entry level salaries for junior bankers to $100,000
JPMorgan has joined rivals in hiking pay for junior bankers, with first-year analysts now offered starting salaries of $100,000. The…
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Credit Suisse enters standstill agreement with Gupta’s GFG Alliance
GFG Alliance said on 23 June it has penned a standstill agreement with Credit Suisse on the Australian unit that…
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PwC UK promotes 63 to partner — here are the names
Big Four consulting firm PwC has promoted 63 new partners, with its deals practice receiving the lion’s share of the…
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Ashurst elects London corporate partner Karen Davies as first female chair
Partners at law firm Ashurst have elected London corporate heavyweight Karen Davies as their first female chair. Davies, the firm’s UK…
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Goldman Sachs offers Covid-19 vaccines to thousands of staff in India as infections soar
Goldman Sachs is offering Covid-19 vaccinations to thousands of its staff in India and rolling out fresh relief efforts in…
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Don’t bail on stocks now, says world’s top fund manager BlackRock
Another mega earnings day is already under way, with Microsoft and Alphabet coming later, while the Federal Reserve kicks off…
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Dutch insurer NN Group ‘reviewing options’ for fund management arm
NN Group, the Dutch insurer, has announced it is “reviewing strategic options” for its investment management business, paving the way…
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Disney fan complains that Walt Disney World is becoming too ‘woke’ — here’s what’s changed at the park and why
A longtime fan of Walt Disney World penned an op-ed blasting the company for making changes to popular attractions in…
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UBS starts new bonus for juniors as banks look to combat burnout
UBS has kick-started a new promotion bonus for its junior bankers, and shifted salary increases to the summer in the…
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India records more than 200,000 COVID cases for seventh straight day as hospitals run low on oxygen
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 143 million on Wednesday, as India reported…
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Jamie Dimon: Fintech poses ‘big time’ threat to JPMorgan and major banks
Silicon Valley’s technology prowess poses a major competition threat to Wall Street, JPMorgan boss Jamie Dimon has said. The US…
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A new law would require employees to save for retirement
Auto-enrollment may be just what Americans need to save more for retirement — but perhaps only if the government makes…
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