Firm Management
Tech Giants Pledge $80 Million to Fund Efforts in Reducing Carbon Emissions of Paper Mills and Sewage Plants
Climate tech firms secured $80M from Google and others to fund costly carbon capture technologies, aiming to reduce emissions from paper mills and wastewater plants.
US Intelligence Alerts Defense and Logistics Firms of Rising Russian Sabotage Tactics
US intelligence warns defense firms of rising Russian sabotage, urging increased security as attacks target European companies and threaten US operations.
Morgan Stanley Offers Wealth Management Services to Founders and Employees of near-IPO Startups
Morgan Stanley targets employees of near-IPO startups for wealth management, by using their partnership with Carta to offer financial guidance during liquidity events.
Nestle to Boost Marketing Spend to 9% Following $2.8B Cost-Cutting Efforts
Nestle plans to cut costs by $2.8B, boost marketing to 9% of sales, and reorganize its water and beverage businesses by 2025 to recover financial losses.
Latest News
Boeing workers ended a seven-week strike, accepting a new contract that provides a 38% pay increase and a $12,000 bonus, although the previous pension plan will not be reinstated.
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Fort Lauderdale's $2 billion Bahia Mar marina project will turn the place into a luxury destination like Monaco, attracting both tourists and yacht owners alike.
The Indonesian government ensures that 50,000 Sritex employees will not lose their jobs despite the company's bankruptcy.
The US commercial real estate sector seeks to preserve Trump-era tax cuts as it faces record vacancies, high financing costs, and looming $1 trillion debt.
Disney plans to announce a new CEO successor by early 2026, with James Gorman taking over as chairman of the succession planning committee in January 2025.