Page 6 - Us Companies

Robinhood gives founders second chance at $1.4 billion windfall

The company had agreed to award CEO Vladimir Tenev and chief creative officer Baiju Bhatt 13.8 million shares contingent on its share price reaching certain price levels at the time of its IPO

Jim Whitehurst steps down as IBM president in just 14 months

In a surprise development, IBM has announced that Jim Whitehurst has decided to step down as President of the company just 14 months after joining in that role.

Trump Organisation CFO Weisselberg surrenders ahead of tax fraud charges

Weisselberg lawyers Mary Mulligan and Bryan Skarlatos said he "intends to plead not guilty and he will fight these charges in court."

Biden administration weighs executive order restraining big companies

Action would go beyond traditional antitrust enforcement and would likely face legal challenges

Brooks Brothers post-bankruptcy comeback focuses on casual clothes

The company plans to launch an athleisure line, a product mix with other casual items and a mascot, Henry the Sheep

GameStop set to report earnings results as shares reach for peak

The company on April 5 said its global sales rose 11% in the first nine weeks of its fiscal year.

Private equity firms in deal to acquire Medline for about $34 billion

At least eight buyout firms had last month been preparing offers for the company

US firms face rising costs, labour shortages amid supply chain disruptions

US firms are facing rising costs and labour shortages amid supply chain disruptions, according to a Federal Reserve survey

Disney+ Q2 subscriber additions slow, outlook still bright - J.P.Morgan

Disney shares fell 3.7% in aftermarket trading on Thursday after reporting results.

Archegos prepares for insolvency as banks seek $10-bn compensation: Report

Global banks had lost $10 billion after highly leveraged bets from the family office on media stocks like ViacomCBS turned sour.

3M profit jumps on pandemic-driven demand for personal safety products

The US conglomerate makes N95 face masks

GameStop CEO George Sherman to resign amid pivot in business strategy

Its board is searching to identify chief executive officer candidates.

PepsiCo bets on higher soda sales in second qtr as restaurants reopen

PepsiCo Inc said on Thursday it expects organic revenue growth to pick up pace in the second quarter

BlackRock quarterly profit jumps as assets rise over $9 trillion

This compares to assets of $6.47 trillion a year earlier.

Making of Bidenomics

The idea of a global minimum tax rate has merits

US offer on global corporate tax deal would tie levies to revenue

OECD is trying to forge a deal among 139 countries on its plan by this summer

GameStop shares rise over plan to replace chairman with Ryan Cohen

Kurtis Wolf resigned effective April 5, GameStop said in a filing Thursday. The company said the resignation didn't result from a disagreement over operations, policies or practices

Biden willing to negotiate on corporate taxes, 'sick & tired' of non-payers

"I'm willing to negotiate that," he told reporters. "But we've got to pay for this."

Credit Suisse Group takes $4.7-billion Archegos hit, cuts payouts

Risk chief Warner, investment bank head Chin to leave

In US, dozens of big and profitable companies pay no federal taxes

A provision in the 2017 tax bill allowed businesses to immediately write off the cost of any new equipment and machinery.