Tag Archives: corporate

A 15-year problem that has plagued corporate America is finally turning around

A 15-year problem that has plagued corporate America is finally turning around

American workers are becoming more productive. Recent analysis from Bank of America showed the average revenue per worker for companies in the S&P 500 hit an all-time high in February after 15 years of no gains. This is one of several signs that labor productivity is rebounding after slumping during 2022. Some on Wall Street think the developments in labor productivity could help the stock market survive stickier-than-expected inflation that has emerged as a concern in recent weeks. “If… Source link

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Trump avoids ‘corporate death penalty’ in civil fraud case, but his business will still get slammed

Trump avoids ‘corporate death penalty’ in civil fraud case, but his business will still get slammed

NEW YORK (AP) — Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits. Still, Trump got slammed hard, facing big cash penalties, outside supervision of his companies and restrictions on his borrowing. In a pretrial ruling last year, the same judge threatened to shut down much of… Source link

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In biggest corporate exit since Ukraine war, search engine Yandex’s owner to leave Russia in $5.2 billion deal | Business News

In biggest corporate exit since Ukraine war, search engine Yandex’s owner to leave Russia in $5.2 billion deal | Business News

Yandex NV has struck a 475-billion-rouble ($5.21 billion) deal to sell what has been dubbed “Russia’s Google” to a group of Russian investors, marking the biggest corporate exit from the country since Moscow invaded Ukraine almost two years ago. The Kremlin-engineered deal would see Russia’s largest technology player fall entirely under Russian ownership, including a fund ultimately owned by oil major Lukoil, and cement Yandex’s departure from Western tech circles. Once seen as one… Source link

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