Category Archives: CNN – Business

SoftBank bets on Europe’s hottest stock

SoftBank bets on Europe’s hottest stock

After selling nearly $100 billion in assets, SoftBank is back in buying mode. Sinch, a Swedish cloud and telecommunications company whose stock has been soaring, said Monday that SoftBank had acquired a 10% stake in the firm worth about $780 million. Shares of Sinch have skyrocketed nearly 300% this year, making it the top performer…MORE

Exxon faces $20 billion hit from ‘epic failure’ of a decade ago

Exxon faces $20 billion hit from ‘epic failure’ of a decade ago

ExxonMobil’s nightmarish 2020 just got worse. The embattled energy company announced Monday that it will dramatically mark down the value of its natural gas properties. Exxon also promised to sharply scale back its spending ambitions as it braces for a more muted oil price recovery. Exxon plans to take a non-cash charge of $17 billion…MORE

Starbucks is giving free coffee to health care workers this month

Starbucks is giving free coffee to health care workers this month

Health care workers are getting a special treat this month. Starbucks will be giving away free cups of coffee to health care workers and first responders who have been working during the Covid-19 pandemic. “It has been an extraordinarily difficult year, especially for the front-line responders who are serving our communities,” Virginia Tenpenny, Starbucks vice…MORE

How pharmacies are preparing to give Americans Covid-19 vaccines

How pharmacies are preparing to give Americans Covid-19 vaccines

In the fight against Covid-19, the US government is enlisting pharmacies to administer vaccines to hundreds of millions of Americans — an endeavor with unprecedented scale that presents a host of challenges for companies big and small across the United States. Although some companies are ready to store and administer the Covid-19 vaccine, others aren’t.…MORE

Nasdaq to Corporate America: Make your boards more diverse or get out

Nasdaq to Corporate America: Make your boards more diverse or get out

Nasdaq is proposing a rule that would require at least some measure of diversity on the boards of directors of companies listed on the exchange. The rule, which needs the approval of the Securities and Exchange Commission to take effect, would require companies to have at least two diverse directors, including one woman and one…MORE

Don’t slam on the fiscal brakes too soon, warns OECD

Don’t slam on the fiscal brakes too soon, warns OECD

A robust recovery in China should help global GDP — the broadest measure of economic health — recover to pre-pandemic levels by the end of next year. That’s according to the Organization for Economic Cooperation and Development, which released its latest forecasts on Tuesday. “For the first time since the pandemic began, there is now…MORE

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