Leadership
Salesforce outlook disappoints as AI fails to spark growth
SALESFORCE provided an outlook for annual sales that fell short of estimates, suggesting new artificial intelligence (AI) features for its software have yet to spur growth. The shares declined...
Electronic Arts to lay off 5% of workforce, reduce office space
ELECTRONIC Arts will reduce 5 per cent of its workforce as part of a restructuring plan that also includes a reduction in real estate, the company said on Wednesday, as the...
AMC theatre chain’s profit falls short of estimates, shares drop
AMC Entertainment Holdings, the world’s largest theatre chain, reported fourth-quarter earnings that fell short of Wall Street estimates, sending the shares lower. AMC posted a profit of US$42.5 million...
Paramount sales fall on ad slump; streaming subscribers rise
PARAMOUNT Global, the parent of CBS, MTV and other networks, said fourth-quarter sales fell 6 per cent to US$7.64 billion, the result of shrinking advertising on traditional TV channels....
While bonus shares are largely a gimmick, DBS’ proposed issue is a boon
THE mention of a bonus sends the heartbeats of salaried workers racing. Maybe this word has the same effect with investors. Banking giant DBS saw its share price jump –...
Google hit with 2.1 billion euro lawsuit by Axel Springer, other media groups
ALPHABET’S Google was hit with a 2.1-billion-euro (S$3.1 billion) lawsuit by 32 media groups including Axel Springer and Schibsted on Wednesday (Feb 28), alleging that they had suffered losses...
European Parliament bans Amazon lobbyists
AMAZON.COM lobbyists have been banned from the European parliament at the request of the parliament’s employment committee, a spokesperson said on Wednesday (Feb 28), confirming an earlier report by...
Zheneng Jinjiang H2 profit plummets on impairment loss, revenue down 18.8% to 1.8 billion yuan
ZHENENG Jinjiang Environment posted a net profit of 15.3 million Chinese yuan (S$2.9 million) for the second half ended Dec 31, 2023, plummeting 93.4 per cent from 231.5 million...
