The aggregate wealth of the top 500 global billionaires climbed by $852 billion in the first half of the year. The figures come from the Bloomberg Billionaires Index. This mostly reflects the fact that stock growth has resumed following decreases the previous year. The S&P 500 Index increased...

According to four persons with firsthand knowledge of the situation, Nissan has opened an investigation into charges made by a top adviser that Chief Executive Makoto Uchida secretly watched his deputy Ashwani Gupta.   In a letter dated April 19 to the independent directors on the board of...

The Wall Street Journal reports that SVB Securities' managers will purchase the company for $55 million cash under the direction of its chief executive. According to The Wall Street Journal, management at investment bank SVB Securities, led by its chief executive Jeff Leerink, will purchase the...

The British engineering corporation Rolls-Royce may fire thousands of workers as part of a downsizing initiative. The British engineering firm Rolls-Royce Holdings Plc may fire thousands of workers, according to a source in the consulting industry, The Times said. 10% of the company's 30,000...

Linda Yaccarino, president of advertising at NBCUniversal, might replace Elon Musk as CEO of Twitter, according to the WSJ’s sources. Linda Yaccarino, the chief of advertising at NBCUniversal, is in negotiations to lead Twitter, according to The Wall Street Journal, which cited persons familiar...

The majority of the nearly $226 million paid to Sundar Pichai by Alphabet, Google's parent company, came in the form of stock, which the firm valued at $218 million. Sundar Pichai, the CEO of Alphabet, the parent company of Google, received $225.98 million in 2022, based on the company's Securities...

According to Huawei’s announcement, the company has migrated to a new ERP system that is fully proprietary. A statement posted on the company's official WeChat account on Thursday reads that Huawei has finished replacing its outdated ERP system with a new one dubbed MetaERP. According to the...

Switzerland will restrict the amount of bonuses paid to senior Credit Suisse and UBS workers. According to a statement posted on the Federal Council website, Switzerland will reduce bonuses given to top Credit Suisse and UBS employees by 50% or even cancel them due to state assistance these banks...

U.S. Walmart, the largest retailer in the world, intends to cut more than 2,000 jobs, writes Bloomberg. According to the agency, which cited regulatory papers, "job cuts at five Walmart Inc. e-commerce centers in the U.S. will impact more than 2,000 positions." More than 1,000 employees at a...