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Amer Sports’ Salomon unit CEO resigns (AS)

mmphoto/DigitalVision via Getty Images Franco Fogliato, president and CEO of Amer Sports’ (NYSE:AS) Salomon unit, has resigned for personal reasons,…

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Amazon is cutting hundreds of jobs in its cloud computing unit AWS : NPR

Amazon said on April 3, 2024, it’s cutting hundreds of jobs in its cloud computing unit AWS as part of…

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Exclusive-China’s SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say By Reuters

SHANGHAI (Reuters) – China’s SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General…

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Business

China developer Wanda sells 60% of mall unit in $8.3 billion deal By Reuters

HONG KONG (Reuters) – A group of investors led by private equity firm PAG on Saturday announced an investment of…

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Southwest Gas infrastructure services unit Centuri files for IPO (NYSE:SWX)

Neilson Barnard/Getty Images Entertainment Southwest Gas (NYSE:SWX) disclosed plans Friday to move forward with an IPO for its infrastructure services…

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Business

Microsoft hires DeepMind co-founder Mustafa Suleyman to run new consumer AI unit

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…

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Business

Broadcom near sale of unit to KKR for about $4B – reports

Justin Sullivan/Getty Images News Broadcom (NASDAQ:AVGO) is nearing a sale of a software business to private equity firm KKR &…

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Business

Alibaba in no ‘hurry’ to pursue IPOs, promises to ‘reignite’ e-commerce unit

China’s Alibaba is pledging to inject new energy into its e-commerce department as it tries to hold off new e-commerce…

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Business

Cement giant Holcim to spin off North America unit

Holcim Ltd., the world’s largest cement maker, said Sunday it plans to separate its fast-growing North American business to pave…

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Business

Natgas gains on view for slightly cooler temps; Freeport LNG unit to shut for a month

straga/iStock via Getty Images U.S. natural gas futures jumped to the highest in more than a week Friday on forecasts…

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