Posts by Liam Redmond
Mitsubishi Motors considering not joining Nissan-Honda merger, Yomiuri says – The Business Times
MITSUBISHI Motors, a junior partner of Nissan Motor, is considering not joining a planned business merger between Nissan and Honda Motor, sources told Reuters on Friday. Mitsubishi Motors plans to remain listed while continuing its cooperative relationship with both companies, three sources said on condition of anonymity because they were not authorised to speak about…
Read MoreDisney raises Bob Iger’s pay by 30%, reflecting turnaround in profit – The Business Times
WALT Disney boosted chief executive officer Bob Iger’s total pay by 30 per cent in fiscal 2024, underscoring his turnaround of the media and entertainment company. The 73-year-old earned US$41.1 million in the year that ended in September, up from US$31.6 million in fiscal 2023, according to a filing on Thursday (Jan 23). The increase…
Read MoreJPMorgan boosts Jamie Dimon’s pay to US$39 million after record profit – The Business Times
JPMORGAN Chase lifted chief executive officer Jamie Dimon’s pay to US$39 million for 2024, a year in which the biggest US bank beat its own record for the highest annual profit in the history of American banking. The board granted Dimon a US$1.5 million salary and US$37.5 million of performance-based incentive compensation, according to a…
Read MoreTiktok weighs non-sale options, ByteDance’s Bill Ford says – The Business Times
BYTEDANCE is exploring a deal to keep TikTok running in the US without selling its operations there, according to board member Bill Ford. The Chinese company is looking at options for the social media app that could involve a change of control locally to ensure it complies with US legislation, General Atlantic chief executive officer…
Read MoreCNN eyes 200 job cuts, streaming overhaul – The Business Times
US NEWS network CNN will shed six per cent of staff, some 200 people, the outlet said on Thursday as it embarks on a major shakeup of staffing and programming amid a deluge of political news. The broadcaster, which said overall employee headcount could remain stable with new roles created, follows other outlets restructuring amid…
Read MoreEV maker Nikola explores sale, partnerships with cash dwindling – The Business Times
NIKOLA is exploring options to stave off a cash crunch, including potentially selling parts or all of the company, according to sources familiar with the matter. Other possibilities under consideration include bringing on partners or raising new funds, said the sources, who asked not to be identified discussing the private effort. No decisions have been…
Read MoreTexas Instruments forecast signals chip slump is persisting – The Business Times
TEXAS Instruments gave a disappointing earnings forecast for the current period, a sign it’s contending with still-sluggish chip demand and higher costs tied to a factory expansion. Profit will be 94 US cents to US$1.16 a share in the first quarter, the company said on Thursday (Jan 23). The midpoint of that range, US$1.05 a…
Read MoreBoeing forecasts big loss on defence troubles, strike; shares drop 2.5% – The Business Times
BOEING’S loss will exceed expectations when it unveils fourth-quarter results next week, the financially strapped US planemaker said on Thursday, due to charges at its defence unit, lower jetliner deliveries and losses from a crippling strike. The company forecast a quarterly loss of US$5.46 per share, sharply steeper than analysts’ average expectation of a US$1.84…
Read MoreFast Company Discusses Data Storage Solutions
The artificial intelligence revolution faces a critical bottleneck that few are discussing – data storage infrastructure. While headlines focus on GPU shortages and model capabilities, the foundation supporting these advancements is showing concerning cracks. Based on recent industry findings, 57% of organizations identify data storage as one of their biggest AI-related business challenges. I recently…
Read MoreAI Takes Over Insurance: Should You Be Worried?
Artificial intelligence is making waves across various sectors, and the insurance industry is no exception. As more companies dive into AI, questions arise about its impact on jobs, decision-making processes, and ethical considerations. There’s excitement about the potential benefits, but also concern about the possible downsides. So, should you be worried about AI taking over…
Read MoreTrademark or Copyright? Don’t Pick Wrong!
Deciding between trademark and copyright can be a bit of a head-scratcher, but it’s super important for anyone creating stuff or running a business. Whether it’s a catchy logo for your new startup or a novel you’ve poured your heart into, knowing how to protect it legally is key. Messing up can cost you time,…
Read MoreJapan Foods warns of loss for 9-month period amid lower revenue, higher expenses – The Business Times
This was mainly due to weak sales in November and December 2024, despite a higher number of operating outlets JAPAN Foods expects to report a loss for its nine months ended Dec 31, 2024, mainly due to lower revenue and higher selling and distribution expenses. In a bourse filing on Friday (Jan 24), the company…
Read More