Wells Fargo’s Top Control Chief to Depart, Shakes Up Leadership: Unveiled by Wall Street Journal!
Wells Fargo’s Chief Control Executive Nate Herman Steps Down Wells Fargo & Co. announced recently that their Chief Control Executive, Nate Herman, will be stepping down from his position. According to a company memo obtained by the Wall Street Journal, Herman, who served the bank for approximately three years in this role, has decided to […]
China’s Bold Plan for Cuban Spy Base to Zone in on US, Reports Wall Street Journal!
According to unnamed US officials cited by the Wall Street Journal, China is planning to establish an electronic eavesdropping facility in Cuba, which would allow Beijing to gather intelligence on the US. The agreement supposedly came after China agreed to pay Cuba several billion dollars to build the spy base. Implications of the Spy Base […]
Google Dazzles with $100M Deal for New York Times’ Distribution Over Three Years: WSJ Exclusive
The New York Times Co. (NYT) will receive a significant investment from Alphabet Inc.’s Google (GOOG, GOOGL) in a deal announced earlier this year. The media giant will receive around $100 million from Google, a sum that was not disclosed by the Times when they announced the partnership earlier in 2021. This investment will be […]
Vice Media Approaches Sale to Lenders at a Steep Discount from $5.7B Peak Valuation: WSJ
Vice Media, a once-thriving New York-based media outlet, is reportedly near an acquisition deal worth $400 million with Soros Fund Management, Fortress Investment Group, and other lenders. Following financial struggles and rumors of bankruptcy, Vice’s valuation has plummeted from $5.7 billion in 2017 to its current valuation in this deal. The acquisition would result in […]
Goldman Sachs Negotiates Settlement in High-Profile Female Discrimination Lawsuit, WSJ Reports
Goldman Sachs Group Inc., a leading Wall Street bank, reportedly engages in negotiations to settle a class-action lawsuit brought forth by female employees who claimed the company promoted their male colleagues more and paid women less. As the potential settlement amount and trial date approaches, this high-profile case highlights the ongoing issue of gender discrimination […]
Tyson Foods Slashes Corporate Jobs, Streamlines Executive Roles for a Leaner Future: WSJ Reports
Tyson Foods Inc., one of the world’s largest food companies and a recognized leader in protein, plans to cut 10% of its corporate jobs and eliminate 15% of leadership roles, according to The Wall Street Journal. The majority of employees affected will be informed about the decision this week. Tyson Foods is the largest meat-production […]
JP Morgan’s Epstein Connections: A Deeper, Lurking Web Even After Account Closures – WSJ Exposes
JP Morgan Chase & Co.’s involvement with convicted sex offender Jeffrey Epstein was far more extensive than the bank previously disclosed, and it maintained connections with him even after his accounts had been closed, according to a Wall Street Journal report. Mary Erdoes, who leads the asset & wealth management division of the bank and […]
IBM Mulls Over Lucrative Sale of Weather Division, Reports WSJ
International Business Machines Corp. (IBM) is considering selling its weather operations arm, including weather forecasting services Weather.com and The Weather Co.’s business and cloud-focused operations, according to the Wall Street Journal. This comes as IBM is shifting its focus to becoming a leaner company that is more centered on AI and cloud infrastructure. IBM acquired […]
IBM considers selling weather empire, capturing widespread attention!
International Business Machines Corp. (IBM) is considering a sale of its weather operation in a broader effort to become a leaner company focussed on AI and cloud infrastructure, according to the Wall Street Journal. An auction for the segment, comprising Weather.com and The Weather Co.’s business and cloud-focused operations, is said to be in an […]
“WSJ: Purell Creator on the Hunt for A Buyer – Don’t Miss Your Chance!”
Gojo Industries Inc., the family-owned firm behind the highly sought-after Purell hand sanitizer, is said to be seeking a buyer and could be valued at around $3 billion. According to insiders, the firm has enlisted JPMorgan Chase & Co. JPM to run an auction of the business. With annual sales of about $1 billion, the […]