Elon Musk appoints former Morgan Stanley banker Anthony Armstrong as CFO of xAI and X, steering financial stability amid mergers, controversies, and AI-driven expansion.
Browsing: Corporate governance
The U.S. Supreme Court rejected SAP’s appeal, allowing Teradata to proceed with its antitrust lawsuit accusing the software giant of unlawfully tying its products.
Rite Aid, one of America’s oldest pharmacy chains, has officially shut down after decades of service, following bankruptcy, opioid lawsuits, and mounting financial struggles.
Amazon resumes drone deliveries after a crash in Arizona, introducing new safety measures while continuing its push to expand Prime Air’s commercial delivery program.
The family of 19-year-old Krysta Tsukahara has sued Tesla, alleging flawed Cybertruck door design trapped her after a crash and fire in California.
Microsoft is striking multibillion-dollar deals with “neoclouds” like Nebius, CoreWeave, Nscale, and Lambda to rapidly expand AI computing capacity and meet soaring global demand.
Donald Trump has demanded Microsoft fire Lisa Monaco and urged Intel CEO Lip-Bu Tan’s resignation, citing national security risks tied to government contracts and China connections.
Accenture CEO Julie Sweet downplays the $100K H-1B visa fee, framing it as minimal impact while the firm realigns its workforce toward AI-driven growth and efficiency.
Amazon will pay $2.5 billion to settle FTC allegations that it used deceptive “dark patterns” to mislead customers into Prime subscriptions and made cancellations difficult.
Starbucks CEO Brian Niccol launches a $1 billion restructuring plan with store closures, staff cuts, and reinvestments in coffeehouse designs to revitalize the struggling chain.
Neon Mobile, a fast-rising social app, pays users for recorded calls sold to AI firms, raising major privacy, data ownership, and legal concerns.
Adani Group Chairman Gautam Adani hails SEBI’s dismissal of Hindenburg allegations as a powerful validation of transparency, resilience, and India’s global-scale infrastructure ambitions.
Currently chief strategy officer, Indian American executive to succeed Gavin Hattersley and join company board on Oct. 1
Spirit Airlines plans to furlough 1,800 flight attendants as part of cost-cutting measures amid its second bankruptcy in a year and shrinking flight network.
Google faces a U.S. antitrust remedy trial over its ad exchange business, with the DOJ pushing for stronger measures to restore fair competition in online advertising.
Government agencies will soon be able to use Meta’s Llama AI system, as the GSA approves it to enhance efficiency, security, and public service innovation.
Hyundai Motor Group will invest $2.7 billion to expand its Georgia plant, boosting capacity, EV production, and jobs despite recent immigration-related setbacks.
Nvidia has spent over $900 million to acquire Enfabrica talent and technology, strengthening its AI datacenter infrastructure amid fierce industry competition with Meta and Google.
Satya Nadella warns Microsoft employees of DEC’s downfall, stressing the need to adapt in the AI era or risk irrelevance despite past successes.
According to the Georgetown University Center on Education and the Workforce, by 2032, the country will need 5.3 million more workers with postsecondary education
Spirit Airlines CEO Dave Davis announces job cuts and a 25% schedule reduction as the bankrupt carrier seeks stability through cost-cutting, fleet downsizing, and union negotiations.
“It was always about more than just ice cream; it was a way to spread love and invite others into the fight for equity, justice and a better world.”
Anthropic leaders warn AI could eliminate half of entry-level white-collar jobs within five years, potentially raising unemployment to 20% and driving massive workforce disruption.
Elon Musk’s xAI cuts 500 data annotators in a controversial layoff, pivots to domain specialists, and faces leadership, stability, and political criticism.
By aggressively boosting H-1B sponsorships in 2025, tech and financial giants signal foreign talent remains central to their future despite Trump’s restrictive stance.