A sign is posted on the outside of a Chuck E. Cheese restaurant on June 25, 2020 in Pinole, California. Justin Sullivan | Getty Images Chuck E. Cheese, the U.S. restaurant chain that emerged from bankruptcy three years ago, is exploring a sale due to takeover interest, according to people familiar with the matter. The … [Read more…]
A JP Morgan logo is seen on January 10, 2017 in New York City, USA. Portal/Stephanie Keith/File Photo Acquire License Rights HONG KONG, Dec 12 (Portal) – JPMorgan Chase (JPM.N) will outsource operations of its local depository business in Hong Kong and Taiwan to Citigroup (CN), HSBC (HSBA.L) and Standard Chartered (STAN). L) in the … [Read more…]
Business exclusive By Josh Kosman Published December 4, 2023, 6:12 am ET Subway will force its franchisees to sell discounted sandwiches even as many struggle to survive — and the new mandate could provide additional ammunition to federal regulators already trying to scuttle the fast-food chain’s nearly $10 billion sale to set, The Post has … [Read more…]
Shein has not yet determined the size of the IPO, which was valued at over $60 billion in May The IPO takes place amid challenging markets and under US scrutiny Fast fashion retailers still lag behind Amazon in sales Nov 27 (Portal) – Fashion company Shein has confidentially filed to go public in the United … [Read more…]
[1/2]Sam Altman, CEO of ChatGPT maker OpenAI, arrives at a bipartisan insights forum on artificial intelligence (AI) for all U.S. Senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol on September 13, 2023 in Washington, USA. Portal/Julia Nikhinson/File Photo Acquire License Rights Nov 22 (Portal) – Ahead of OpenAI CEO Sam … [Read more…]
Jeff Bezos is expected to be “aggressive” about selling more Amazon shares on Tuesday, sources told CNBC’s David Faber. Bezos could sell up to 8 million to 10 million shares, which would equate to a stock value of around $1 billion, the sources told Faber. This comes after Bezos sold around $240 million worth of … [Read more…]
The Citibank logo is seen on the trading floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, USA on August 3, 2021. Portal/Andrew Kelly acquires license rights NEW YORK, Nov 20 (Portal) – Citigroup (CN) officials expect the bank to announce layoffs and senior management changes on Monday as part of … [Read more…]
Visitors stand in front of the Boeing 777X aircraft during the Dubai Airshow in Dubai, United Arab Emirates, November 14, 2021. Portal/Rula Rouhana/File Photo Acquire License Rights DUBAI, Nov 13 (Portal) – Middle Eastern airlines are expected to order tens of billions of dollars’ worth of long-haul planes at the opening of the Dubai Airshow … [Read more…]