Tag Archives: Companies

By Josh Beckerman Fitch Ratings has downgraded 10 Russian companies including Rostelecom and Yandex NV to “CC,” as a March 5 presidential decree and escalating sanctions “could impose insurmountable barriers” on timely debt payments to certain international creditors. The decree “could force a redenomination of foreign-currency debt into local currency for international creditors, which we would likely view as a distressed debt exchange or event of default,” Fitch… Source link

A corporate exodus from Russia in response to its military invasion of Ukraine has seen more than 300 U.S. and multinational companies sever business ties with the country — and the list is growing by the minute. But even as many flee, a number of big-name firms have remained mum. Among them are U.S. consumer favorites including Dunkin’ Donuts, Subway, and Mondelez (MDLZ). Hotel giant Marriott (MAR) can also be found on the docket of corporations that have not suspended or reduced their… Source link

Diversity, equity, and inclusion (DEI) efforts have become crucial in shaping the cultures of companies around the world. With DEI considered to be a part of the broader environmental, social, and governance (ESG) criteria that a multitude of global firms now make an effort to adhere to, many job seekers today cite diversity as being critical in how and where they look for work. According to a recent report published by Bank of America (BAC) Global Research, a lack of diversity within… Source link

Cloud-computing services are so ubiquitous that it’s hard to fathom modern life without them. Take a photo on your phone and it is zapped to a cloud service for storage. Order shoes online, book a hotel room or stream a TV show, and the transaction likely takes place in the cloud. Moreover, thousands of companies and government agencies use cloud computing to run their core internal software and databases. Source link

Netflix, China-based TikTok join Google, Apple, other companies cutting ties with Russia | Fortune … Source link

In early 2020, an accounting scandal at Luckin Coffee blindsided its American stockholders as the coffeehouse chain’s stock price fell to the floor. Luckin Coffee highlighted a problem: American investors knew little of Chinese company financials while the stocks trade freely on U.S. exchanges. The incident sparked questions regarding whether other crises involving U.S.-listed Chinese companies lurked around the corner. Congress acted to stop the next Luckin by passing the Holding Foreign… Source link

James Maloney of the Panthers looks on during the round 6 NRL rugby league match between the Sharks and the Panthers at PointsBet Stadium on April 18, 2019 in Sydney, Australia. Jason McCawley | Getty Images Apollo Global Management, the private equity firm that acquired Yahoo from Verizon for $5 billion last year, is having preliminary discussions with sports betting companies to merge their assets with Yahoo Sports, according to people familiar with the matter. One of the companies Yahoo has… Source link

All eyes are on Russia this week as the West’s growing docket of financial penalties deal a harder-than-expected blow to the country’s economy, challenging a decades-long effort by President Vladimir Putin to make the system sanction-proof. To add to the economic blowback, Corporate America and a growing number of multinational companies have joined in protest of Moscow’s military attack on Ukraine, moving to sever business dealings with Russia or take a stand in support for Ukrainian… Source link

Google, Meta, FIFA, and other private companies rush to cut ties with Russia | Fortune … Source link

Customers and companies alike are getting nervous about soaring inflation — but Krispy Kreme (DNUT) is a notable exception. CEO Mike Tattersfield told Yahoo Finance visits are “infrequent” enough that higher prices on its donuts is not steering customers away. “The average user visits a Krispy Kreme two and a half times a year,” Tattersfield told Yahoo Finance in a recent interview. When visitors do walk through the doors, “it’s about a celebration…it’s about a shared experience,” the… Source link