First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors.
Category: Salesforce.com Inc
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Demystifying the Trillion Dollar Debate Over Share Buybacks
The White House is at odds with business leaders over share repurchase programs. DealBook digs into the numbers to see who’s gaining from the practice.
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Salesforce Faces Mounting Investor Pressure As Profits Sag
The software giant faces mounting pressure from activist investors and pushback from employees unhappy about a wave of firings and the scaling back of office perks.
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Happiness or Success? Salesforce’s Marc Benioff Doesn’t Want to Choose.
The chief executive, under pressure from activist investors, seeks to do well and do good — but his options are narrowing.
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A Short Seller, Hindenburg Research, Bets Against Adani Group
Hindenburg Research accused the Adani Group of orchestrating the “largest con in corporate history,” sending shares of its companies tumbling on Wednesday.
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Senators Will Prod Live Nation and Ticketmaster on Antitrust
The company’s grip on ticket sales, and its move last year to cancel sales for Taylor Swift’s upcoming tour, will be a big focus of an antitrust-focused hearing.
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Elliott Management, Activist Investor, Buys a Stake in Salesforce
Elliott Management, the $55 billion hedge fund, has taken a big stake in the struggling tech giant, putting more pressure on its co-founder, Marc Benioff.
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Kevin McCarthy’s Business Ties Complicate His Rise to Power
To land the House speaker position, the California Republican will have to win over opponents who question his ties to Silicon Valley and his commitment to right wing causes.
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Amazon Expands Corporate Layoffs to 18,000 Jobs
The layoffs will focus on human resources and its retail division, Amazon’s chief executive said in an email to employees.
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Salesforce to Lay Off 10 Percent of Staff and Cut Office Space
The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
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Salesforce to Lay Off 10 Percent of Staff and Cut Office Space
The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.