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End Of Bikini Nights? US Restaurant Chain Hooters Files For Bankruptcy Amid Founder-led Buyout Plan
Hooters of America filed for bankruptcy protection while announcing plans to bring back its founders as part of a deal with franchisees who already own a significant portion of Hooters restaurants, ensuring continued operation during reorganization.
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Starbucks To Lay Off 1,100 Jobs Amid Sluggish Sales
Starbucks will cut 1,100 corporate and administrative jobs as part of a reorganization as it aims to reignite sales growth, the company's new CEO said Monday.
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"Have A Lot To Do": Omar Abdullah Ahead Of Taking Oath As J&K Chief Minister
This will be the first elected government in Jammu and Kashmir since the abrogation of Article 370 and the reorganization of the former state into two Union Territories.
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Dell To Layoff Workers In Sales Team Reorganization With New AI-Focused Unit
Dell previously announced a major workforce reduction in early 2023, shedding 13,000 jobs in that fiscal year.
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Home Ministry Amends J&K Reorganisation Rules
In a significant move, the Ministry of Home Affairs (MHA) has amended the Jammu and Kashmir Reorganization rules enhancing some powers of the Lieutenant Governor of the erstwhile state.
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Crypto Exchange FTX Submits Plans To Distribute Over $14 Billion To Creditors
Crypto exchange FTX filed an amended reorganization plan with a U.S. bankruptcy court which will allow for $14.5 billion to $16.3 billion for distribution to creditors, the company said in a statement on Tuesday.
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Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
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Meta Previews AI Chatbots for WhatsApp and Messenger Along With AI Tools for Photos, Emoji Stickers
Meta on Thursday previewed new tools relying on AI that are in development, including ChatGPT-like chatbots for Messenger and WhatsApp that offer different 'personas'. The firm is also working on a feature or Instagram to modify images using text prompts and generate emoji stickers using AI for its chat apps.
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Meta Preparing For Fresh Round Of Job Cuts: Report
Facebook-parent Meta Platforms Inc is planning a fresh round of job cuts in a reorganization and downsizing effort that could affect thousands of workers, the Washington Post reported today.
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Elon Musk's Twitter Fix-It Team Fades Out As Transition "Almost Done"
Elon Musk told a court in Delaware on Wednesday that his reorganization of Twitter Inc. is almost done, and he'll spend less time on the company by the end of next week.
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Mark Zuckerberg Points To Layoffs, End Of Era At His Social Media Giant
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg outlined sweeping plans to reorganize teams and reduce headcount for the first time ever, calling an end to an era of rapid growth at the social media giant.
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Nexo Seeks to Acquire Vauld, Amid Increasing Consolidation in Digital Currency Industry
Nexo, a cryptocurrency lending platform, revealed it planned to Singapore-based fellow lender Vauld, a day after the latter announced that it had suspended withdrawals for its more than 800,000 customers. The firm has not revealed how much it plans to pay to acquire Vauld, stating that it plans to buy 100 percent of the crypto lending platform and ...
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Ford Boosts EV Spending To $50 Billion, Sets Up New Model e Unit
The reorganization and additional investment comes as Chief Executive Jim Farley bets aggressively on the company's electrification strategy. Farley said Ford plans to build more than 2 million EVs in 2026. Doug Field will lead Ford Model e's product development.
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AIIMS Emergency Admissions Briefly Disrupted As Oxygen Pipelines Reorganised
Admissions to the emergency department of the AIIMS were restricted for around an hour as the oxygen pipelines were being reorganized due to an increased demand for the life-saving gas for COVID-19 patients coming in high numbers, officials said.
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Stocks To Watch: Bharti AIrtel, Adani Ports, Infosys
Bharti Airtel's Board of Directors is scheduled to meet today i.e. February 17, 2021 to discuss future strategic plans and reorganization of shareholding framework of subsidiary companies
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End Of Bikini Nights? US Restaurant Chain Hooters Files For Bankruptcy Amid Founder-led Buyout Plan
Hooters of America filed for bankruptcy protection while announcing plans to bring back its founders as part of a deal with franchisees who already own a significant portion of Hooters restaurants, ensuring continued operation during reorganization.
-
Starbucks To Lay Off 1,100 Jobs Amid Sluggish Sales
Starbucks will cut 1,100 corporate and administrative jobs as part of a reorganization as it aims to reignite sales growth, the company's new CEO said Monday.
-
"Have A Lot To Do": Omar Abdullah Ahead Of Taking Oath As J&K Chief Minister
This will be the first elected government in Jammu and Kashmir since the abrogation of Article 370 and the reorganization of the former state into two Union Territories.
-
Dell To Layoff Workers In Sales Team Reorganization With New AI-Focused Unit
Dell previously announced a major workforce reduction in early 2023, shedding 13,000 jobs in that fiscal year.
-
Home Ministry Amends J&K Reorganisation Rules
In a significant move, the Ministry of Home Affairs (MHA) has amended the Jammu and Kashmir Reorganization rules enhancing some powers of the Lieutenant Governor of the erstwhile state.
-
Crypto Exchange FTX Submits Plans To Distribute Over $14 Billion To Creditors
Crypto exchange FTX filed an amended reorganization plan with a U.S. bankruptcy court which will allow for $14.5 billion to $16.3 billion for distribution to creditors, the company said in a statement on Tuesday.
-
Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
-
Meta Previews AI Chatbots for WhatsApp and Messenger Along With AI Tools for Photos, Emoji Stickers
Meta on Thursday previewed new tools relying on AI that are in development, including ChatGPT-like chatbots for Messenger and WhatsApp that offer different 'personas'. The firm is also working on a feature or Instagram to modify images using text prompts and generate emoji stickers using AI for its chat apps.
-
Meta Preparing For Fresh Round Of Job Cuts: Report
Facebook-parent Meta Platforms Inc is planning a fresh round of job cuts in a reorganization and downsizing effort that could affect thousands of workers, the Washington Post reported today.
-
Elon Musk's Twitter Fix-It Team Fades Out As Transition "Almost Done"
Elon Musk told a court in Delaware on Wednesday that his reorganization of Twitter Inc. is almost done, and he'll spend less time on the company by the end of next week.
-
Mark Zuckerberg Points To Layoffs, End Of Era At His Social Media Giant
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg outlined sweeping plans to reorganize teams and reduce headcount for the first time ever, calling an end to an era of rapid growth at the social media giant.
-
Nexo Seeks to Acquire Vauld, Amid Increasing Consolidation in Digital Currency Industry
Nexo, a cryptocurrency lending platform, revealed it planned to Singapore-based fellow lender Vauld, a day after the latter announced that it had suspended withdrawals for its more than 800,000 customers. The firm has not revealed how much it plans to pay to acquire Vauld, stating that it plans to buy 100 percent of the crypto lending platform and ...
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Ford Boosts EV Spending To $50 Billion, Sets Up New Model e Unit
The reorganization and additional investment comes as Chief Executive Jim Farley bets aggressively on the company's electrification strategy. Farley said Ford plans to build more than 2 million EVs in 2026. Doug Field will lead Ford Model e's product development.
-
AIIMS Emergency Admissions Briefly Disrupted As Oxygen Pipelines Reorganised
Admissions to the emergency department of the AIIMS were restricted for around an hour as the oxygen pipelines were being reorganized due to an increased demand for the life-saving gas for COVID-19 patients coming in high numbers, officials said.
-
Stocks To Watch: Bharti AIrtel, Adani Ports, Infosys
Bharti Airtel's Board of Directors is scheduled to meet today i.e. February 17, 2021 to discuss future strategic plans and reorganization of shareholding framework of subsidiary companies
