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Lyft names new CFO after Brian Roberts leaves
... Executive Logan Green will act as CFO until Green's appointment becomes effective January 3, according to the company s filing with the Securities and Exchange Commission. The new CFO of Lyft will be Elaine Paul, the former chief financial officer at Amazon Studios and Hulu . Green expressed appreciation for Roberts contribution and said he was instrumental in helping us scale the business. The filing said Roberts departure was not the result of any dispute or disagreement with the company, its board ...
Updated: 12/03/2021
Vietnamese firms struggle to fill out exodus from factories
... the Pandemic. Any businesses that were not viable have been destroyed, said Nipun Mehra, co-founder and CEO of Ula, an Indonesian startup that provides inventory and delivery services to the country's mom- and pop kiosks. It attracted funding from Amazon's Jeff Bezos , who recently brought in some $500 million for Ula. Southeast Asian countries are the lifeblood of supply chains feeding large companies in the West, and lockdowns and port jams have snarled supplies in the weeks leading up to Christmas . Malaysian chip suppliers, important players in the global semiconductor production line, have predicted that it will take two or three years ...
Updated: 12/02/2021
Facebook owner Meta Platforms starts trading under updated ticker symbol
... said. CIBC launched CDRs this year and added Facebook to the lineup in October. Canadian investors can own U.S. stocks while hedging their currency risk because of the trading tool, based on American depositary receipts. The roster already includes Amazon.com Inc. Alphabet Inc. , Apple Inc. , and Tesla Inc. are CDRs. On Wednesday, CIBC added eight more, including JPMorgan Chase Co., Pfizer Inc. , Berkshire Hathaway Inc. and International Business Machines Corp. None Charlie Penner, The Investor ...
Updated: 12/01/2021
Unions claim Amazon failed to report COVID 19 cases in its warehouses
A coalition of four labor unions claimed that Amazon put workers at risk by not reporting the number of COVID 19 cases in its facilities last year to the Department of Labor. A coalition of four labor unions claimed that Amazon put workers at risk by not reporting the number of COVID 19 cases in ...
Updated: 12/01/2021
Pandora CEO says it will invest in physical stores
COPENHAGEN, Jewellery maker Pandora would prefer to invest in physical stores or its own online sales platform instead of joining large e-commerce marketplaces like Amazon or Farfetch, its chief executive said on Wednesday. COPENHAGEN: Jewellery maker Pandora would prefer to invest in physical stores or its own online sales platform instead of joining large e-commerce marketplaces like Amazon or Farfetch , its ...
Updated: 12/01/2021
S&P 500 and Nasdaq rebound as markets await Fed meeting
... antiviral pill to treat COVID - 19. All 11 major S&P sectors advanced in a broad-based rally, with energy and utilities shares jumping more than 2% each. Banks gained 1.7%, recouping some losses suffered in the previous session. Shares of the tech giants Amazon.com, Apple Inc, Tesla Inc, Google , Alphabet Inc and Microsoft Corp, which are favored at times of uncertainty, added between 0.8% and 2.5% to give the biggest boost to S&P 500 and the Nasdaq . Andre Bakhos, managing director of New Vines Capital ...
Updated: 12/01/2021
Investors group warns weak effort to halt deforestation
... when they look at company performance and engagement with company boards. The report also found that 42 of 45 meat and dairy companies that source soy for animal feed from areas with high risk of deforestation, such as Brazil 's Cerrado region, do not ... ... deforestation caused by indirect suppliers, according to the report. Nearly a third of the cattle bought by JBS in the Brazilian Amazon state of Para came from ranches with irregularities such as illegal deforestation, prosecutors found in a 2020 audit. The ...
Updated: 12/01/2021
Senate Commerce Committee advances privacy advocate Bedoya to US FTC
... vote. Bedoya was born in Peru , but is a naturalized US citizen. Under Trump, the FTC sued Facebook , alleging it broke antitrust law, and under Biden the agency has pursued that lawsuit against Meta, as the company now calls itself. It is looking at Amazon.com, as well as looking at Amazon's US $8.5 billion deal for Metro-Goldwyn-Mayer studios to determine if it is legal under antitrust law.
Updated: 12/01/2021
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