Posts by Yurie Miyazawa
Hershey Co lays off some workers this week
A SPOKESPERSON for Hershey said on Thursday the chocolate maker laid off a small number of its employees this week as part of organisational changes the company announced earlier this year when cocoa prices reached record highs. This week’s layoffs, which have not been previously reported, affected less than 1 per cent of the roughly…
Read MoreDisney to stop using Salesforce-owned Slack after hack exposed company data: report
WALT Disney plans to transition away from its use of Slack as a companywide workplace collaboration system, after a hacking entity leaked online more than a terabyte of company data, according to a report in the Status media newsletter. Disney’s CFO Hugh Johnston said most of the media and entertainment company’s businesses would stop using…
Read MoreNike to replace CEO John Donahoe with longtime company veteran
NIKE ousted beleaguered chief executive John Donahoe, bringing longtime executive Elliott Hill out of retirement to return the struggling athletic brand to its glory days. Hill originally joined Nike in 1988 and served as president of consumer and marketplace before he retired in 2020. He will take over on Oct 14. Donahoe, 64, will retire…
Read MoreCathay Airbus engine fire linked to cleaning: EU regulator
A CLEANING process leading to fuel hose degradation during refurbishment may have caused a recent Airbus A350 engine fire that triggered dozens of Cathay Pacific flight cancellations this month, the EU aviation regulator said on Thursday. The European Union Aviation Safety Agency (EASA) also said it had widened the number of engine variants potentially affected…
Read MoreIndia markets regulator bars Axis Capital from acting as banker for new debt issues
INDIA’S markets regulator on Thursday (Sep 19) barred investment bank Axis Capital from acting as a merchant banker for new debt issues for allegedly violating rules, according to an order on the regulator’s website. According to the Securities and Exchange Board of India (SEBI), Axis Capital provided a repayment guarantee to bonds issued by Sojo…
Read MoreSea forms consortium to apply for virtual bank licence in Thailand
E-COMMERCE and gaming company Sea has partnered four Thai companies, including conglomerate BTS Group Holdings, to apply for a virtual bank licence in Thailand. The other three Thai companies are commercial lender Bangkok Bank, goods manufacturer Saha Group and Thailand Post, the tech giant said on Thursday (Sep 19). Thailand opened applications for virtual banks…
Read MoreRolls-Royce engine defect a new blow for historic firm
ROLLS-ROYCE aims to overcome a setback caused by a defect to one of its engines on a plane flown by Hong Kong’s Cathay Pacific, after a recent strong recovery just last month. The British engine-maker’s share price soared to record highs in August, after a turnaround in performance under chief executive Tufan Erginbilgic since he…
Read MoreNinja Van suspends operations at Vietnam subsidiary as it works to resolve delayed salary payments
LOGISTICS technology company Ninja Van is suspending the operations of a subsidiary firm in Vietnam as it works to resolve issues over delayed salary and social insurance payments to employees there. The subsidiary firm ECRM Nobita, which has three offices based in Ho Chi Minh City, Hanoi and Vinh city, develops software solutions in the…
Read MoreDiscussions on potential acquisition interest still ongoing, says TalkMed
DISCUSSIONS on the potential acquisition of a stake in TalkMed Group are still in the preliminary stages, the healthcare services provider said on Thursday (Sep 19). “There is no assurance that a transaction will take place,” the mainboard-listed company added. In April, TalkMed disclosed that there was “interest from persons who are considering acquisition of…
Read MoreEU warns Apple to open up iPhone operating system
THE European Union warned Apple to open up its highly guarded iPhone and iPad operating systems to rival technologies, or risk significant fines under its flagship digital antitrust rules. EU watchdogs announced under the bloc’s Digital Markets Act (DMA) that the company must step into line with strict new laws on making operating systems…
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