Banks led by Morgan Stanley have successfully sold $5.5 billion of the $13 billion debt incurred to finance Elon Musk’s…
Browsing: restructuring
STMicroelectronics, the French-Italian semiconductor company, is reportedly planning to reduce its workforce by up to 3,000 jobs, or approximately 6%…
Wolfspeed (WOLF.N) outperformed Wall Street expectations for second-quarter revenue and reported a smaller-than-anticipated net loss, demonstrating progress as the company…
Ubisoft has announced a further delay in the release of Assassin’s Creed Shadows, pushing the launch from February 14 to…
OpenAI announced plans to restructure its organization, creating a public benefit corporation (PBC) to facilitate easier fundraising and remove constraints…
Swedish electric vehicle battery manufacturer Northvolt announced on Friday that it is making progress toward securing additional bankruptcy financing, with…
Zettai, the Singapore-based company managing the WazirX cryptocurrency exchange in India, is actively working to address the fallout from the…
General Motors (GM) has announced its decision to exit the development of robotaxi services at Cruise, its majority-owned autonomous driving…
Bayer AG (BAYGn.DE) is under increasing pressure from its shareholders to quicken its turnaround efforts following a dramatic 14.5% drop…
China’s automotive giant Geely is undergoing a significant restructuring as its premium EV brand, Zeekr, is set to take control…
Qualcomm has been exploring the possibility of acquiring segments of Intel’s chip design business, sources familiar with the situation revealed.…