The McDonald's company is closing its U.S. offices for a full week starting on April 3, writes The Wall Street Journal referring to the management’s letter to employees. The choice is connected to the anticipated employee reductions. The management advised staff to postpone all supplier meetings and other activities at the McDonald's offices. The business plans to share "important decisions...

Toyota Motor Corp. announced today that its February worldwide sales reached a record high and that global production rose for a second consecutive month, which means a recovery after a serious pandemic-related parts shortage. At that, the biggest carmaker in Japan claimed that the parts issue still needs to be resolved. The company's supply chain handled the pandemic better than most...

Sam Bankman-Fried, the creator and former CEO of the FTX cryptocurrency exchange, was accused of planning to bribe one or more Chinese officials to unlock his hedge fund accounts, according to court documents. Bankman-Fried was charged by the New York prosecutor's office with embezzling client money. The businessman was originally charged with 12 felonies, and he could spend up to 155 years in...

BP may fully acquire the solar energy company Lightsource, say Reuters’ sources. According to Reuters, which cited three industry sources, the British oil and gas company BP is in negotiations to purchase the remaining shares of Lightsource BP, which constructs solar power plants. BP acquired a 43% stake in Lightsource in 2017 for $200 million, and expanded its ownership to 50% two years later....

The US Securities and Exchange Commission (SEC) has informed US cryptocurrency exchange Coinbase of upcoming accusations against the business, according to a statement the exchange made public. The statement reads: "The SEC today issued a Wells notice regarding an unspecified part of our traded digital assets, Coinbase Earn service, Coinbase Prime and Coinbase Wallet." The cryptoexchange notes...

Nike, a U.S. manufacturer of sports apparel, decreased net profit on an annualized basis by 12% to $4.039 billion during the first three quarters of its fiscal year 2022–2023, which ended on February 28. For the quarter, diluted earnings per share fell to $2.57 from $2.85 a year earlier. Revenue for the first nine months of the year grew by 11% to $38.392 billion. Nike's fiscal third quarter...

The Credit Suisse (CS) brand, which was established in the middle of the 19th century, will continue to exist until the deal with UBS is completed, according to CS chairman Axel Lehmann at a news conference on Sunday. Earlier, Switzerland's National Bank announced that UBS, the nation's biggest bank, would acquire the assets of Credit Suisse for $3.2 billion. The Credit Suisse name will exist...

The operating profit of Rheinmetall, the biggest defense company in Germany, increased by 27% from 2021 to a record-breaking €754 million in 2022. Armin Papperger, the CEO of Rheinmetall, claimed that the company's success is primarily obliged to the "war in Europe". "Rheinmetall entered a new period as a result of the epochal shift and the European War. Many nations have realized the importance...

Investors have invested $6.5 billion to Stripe payment provider. In a new round of funding, Stripe was valued at $50 billion, less than half of what it was in 2021 when the Collison brothers' service rose to become Silicon Valley's most expensive privately held company. According to The New York Times, which cited the company's announcement of the financing, Stripe has received $6.5 billion in...