Plans
Intel CEO to pitch board on plans to shed assets, cut costs: source
INTEL CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp...
Instant coffee giant Food Empire shifts focus to Asia, brews up expansion plans
In doing so, the group aims to balance the risks associated with geopolitical instability and currency volatility, particularly in its traditional markets of Russia and Eastern EuropeFOOD Empire will...
Asia to be Food Empire’s top brew as coffee giant percolates expansion plans
In doing so, the group aims to balance the risks associated with geopolitical instability and currency volatility, particularly in its traditional markets of Russia and Eastern EuropeFOOD Empire will...
Drug distributors strike US$300 million opioid settlement with US health plans
THE three largest US drug distributors have agreed to pay US$300 million to resolve claims by health insurers and benefit plans that they helped fuel the deadly US opioid...
China’s Sinochem plans to exit US shale JV with Exxon: sources
CHINESE state-backed oil and chemicals company Sinochem is planning to sell its 40 per cent stake in a US shale joint venture (JV) with oil major ExxonMobil, valued upwards...
Shell plans wide cuts in oil exploration division, sources say
Shell plans to scale back its oil and gas exploration and development workforce by 20 per cent as CEO Wael Sawan widens his cost-saving drive to the highly profitable...
Rothschild plans to shut Chicago office, move staff to New York
ROTHSCHILD plans to shut its Chicago office as the French firm shrinks its North American footprint, according to sources with knowledge of the matter.The firm will transfer staff from...
Cordlife shareholder Nanjing Xinjiekou calls off plans to buy over remaining shares
It still remains “fully committed to leveraging on its expertise and resources to help the company navigate through its current challenges and rehabilitate the group’s business” THE substantial shareholder...
