Innovation

Subway Comes Up With Debt Plan to Clinch $10 Billion-Plus Sale – Report
The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a...
Meta Share Surge Makes Zuckerberg Richer by $10 Billion As Facebook Makes More Money After massive Layoffs
A surge in Meta's share prices after its strong quarterly results resulted in Facebook founder Mark Zuckerberg's wealth rising by more than $10 billion, even as reports of layoffs...
Amazon Rakes in Massive Profits in First Quarter, Months After Cutting 27,000 Jobs
Amazon returned to profit and recorded better than expected profit of $3.2 billion for the first quarter. This return to profits came after reporting a loss of $3.8 billion...
Microsoft and Google’s Quarterly Revenue Surges After Cutting Thousands of Jobs Citing Poor Outlook
Tech giants Alphabet and Microsoft reported higher than expected quarterly revenues and the companies' shares rose more than 5 and 9 percent respectively on Tuesday.Alphabet, Google and YouTube parent...
Disney Lays Off 7,000 Staff Despite First Quarter Revenue Beating Estimates; Shares Rise
Walt Disney Co said on Wednesday it would lay off 7,000 employees as it tries to trim costs amid souring economic conditions. The job cuts, announced by CEO Bob...