COMPANIES

Workers at more than 100 U.S. company-owned Starbucks locations plan to strike for one day on Thursday to protest what they say is illegal retaliation against their union organizing.

Siemens shares surged on Thursday after the German technology and engineering group's fourth quarter results beat forecasts and it gave a confident outlook about future industrial demand.

The San Francisco group also increased the damage covered by its inhouse insurance scheme from $1 million to $3 million.

Elon Musk sent a message to Twitter staff telling them that they had until Thursday to consider whether they wanted to stay on for "working long hours at high intensity" or take a severance package of three months pay.

India's Tata Group is planning to open at least 20 "beauty tech" stores where it will use virtual makeup kiosks and digital skin tests to get young, affluent shoppers to buy premium cosmetic products.

Amazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to date.

Tesla CEO Elon Musk is scheduled to take the stand this week to defend his $56 billion pay package against shareholder allegations it was rigged with easy performance targets and that investors were duped into approving it.

Credit Suisse has cut eight jobs in its Southeast Asia investment banking and capital markets team, two sources familiar with the matter said, just weeks after the Swiss bank announced a major global restructuring plan.

Japan's SoftBank Group Corp reported its first quarterly profit in three quarters, buoyed by paring some of its stake in China's Alibaba even as its massive Vision Fund unit posted another heavy quarterly loss.

Musk on Thursday warned employees that the site was burning dangerously through cash, raising the specter of bankruptcy if the situation was not turned around.

Two former finance chiefs at travel website Booking.com are set to be questioned after Dutch authorities agreed to cooperate with Italian prosecutors on a tax investigation, the Dutch prosecutors office confirmed to Reuters.

AstraZeneca on Thursday raised its full-year adjusted earnings forecast after third-quarter profit and revenue topped analysts' expectations, helped by sales of its key cancer drugs.

Microsoft may have to offer concessions to address EU antitrust concerns about its $69 billion bid for "Call of Duty" maker Activision Blizzard after regulators opened a full-scale investigation on Tuesday and warned about the impact of the deal.

British fashion retailer Next will buy the Made.com brand for 3.4 million pounds ($3.8 million) after the online furniture seller collapsed into administration, resulting in about 400 job losses.

Tesla chief Elon Musk sold nearly $4 billion worth of shares in the electric car company, SEC filings showed Tuesday, more than a week after he closed his $44 billion acquisition of Twitter.

Adidas on Tuesday named Bjorn Gulden, chief of rival outfitter Puma, as its new CEO as the German sportswear giant seeks to emerge from months of turbulence.

Ryanair on Monday posted its largest ever after-tax profit for its key summer season and said it expected very strong passenger and fare growth for years to come as customers switch from higher-cost rivals.

Airlines around the world are ripping up schedules and bringing in new flights to cope with a COVID-triggered trend in corporate travel for executives like Jerome Harris - the scrapping of one-day business trips in favour of longer stays.

PayPal Holdings shares dropped nearly 6% in morning trade on Friday after the digital payments heavyweight lowered its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on discretionary spends.

Employers have adapted job role specifications, engaged more actively in social media, created employer value propositions and shifted recruitment strategies to better attract, engage and retain the brightest young talent.

Fear and dread spread across Twitter Inc offices on Thursday as 7,500 employees from San Francisco to Singapore feared for job cuts that were planned to hit about half of the staff

Britain's biggest domestic bank Lloyds has offered UK staff a minimum 2,000 pounds ($2,242) pay rise, a source with knowledge of the talks told Reuters, as lenders and employees across the sector begin annual pay talks that could see wage bills soar.

A British subsidiary of mining and trading group Glencore was ordered to pay a total penalty of 276.4 million pounds ($310.6 million) in a London court on Thursday for seven bribery offences in relation to its oil operations in Africa.

Aston Martin has been knocked off track also by a collaboration with troubled electric car battery startup Britishvolt.

Mondelez International Inc raised its full-year results forecasts on Tuesday and rolled out more price hikes as people continued to snack on the Oreo maker's chocolates and biscuits even as the treats got more expensive.

The settlement is the latest ripple effect from a major March 2021 ruling by Britain's Supreme Court classifying Uber drivers as employees.

Pilots at Delta Air Lines have voted to authorize a strike if negotiators cannot reach agreement on a new employment contract, their union said on Monday.

Movie theater chain Cineworld Group on Monday announced a bankruptcy settlement with its landlords and lenders, clearing the way for the company to borrow an additional $150 million and make a $1 billion debt repayment.

By taking control of Twitter, the eccentric billionaire now wields a nearly untold level of influence.