Chevron’s Surprise Q3 Profit Post Reduction Of Spending Budget
Recovered oil prices and cost reduction have resulted in surprise Q3 profits.
costs
HSBC Sends Out Memo On Resuming ‘Redundancy Plan’ Post COVID-19 Crisis
The cost restructuring plan of HSBC was put on hold due to the global outbreak of COVId-19 pandemic. Now that profits slouches which difficult economic forecasts ahead, the bank decides to fall back on its initial plan to cut over thirty thousand jobs.
It’s ‘Second Christmas’ For UPS
Shipping network sees delivery spike as online sales pick up amid lockdown, inevitable raising the cost at UPS.
Hitachi Planning A Merger With Honda Suppliers In A Bid For EV Technologies
Honda and Hitachi to come together to create “a mega supplier” for delivering “competitive advanced technologies and solutions”.
Snap Inc cuts 7% of its global workforce in March 2018
The reduction of its global workforce is significant since it is aimed at streamlining its strategic priorities with the structural changes taking place in its business.
HSBC To Settle Libor Manipulation Probes With ‘$100 Million’
HSBC agrees to pay for avoiding risks, distractions and expense and not for any wrongdoing.
The U.S. Tax-Reform Could Fuel Up The Cost Of Investment Warns BASF
High costs of investment are already makes it difficult in carrying out “investments on time and on budget”.
