Month: January 2023

The appointments follow activist investor Elliott Management’s investment in the business-software provider.

After the roughest year in its history, Facebook’s parent company is starting to bounce back. Users are watching its short-form videos, ad-targeting is improving and the social-media company is well down the road to recovering from the impact of privacy changes imposed by Apple.

The retailer said it doesn’t have the funds to repay its banks after they determined the company has defaulted on its credit lines.

The once-booming chip industry has been hurt by flagging consumer appetite amid worries over possible recession.

The activist investor has made a multibillion-dollar investment in Salesforce and is having conversations with numerous technology executives as well as those with other industry backgrounds.

The layoffs are another signal that economic uncertainty has spread beyond the technology and media sectors.

Dow, IBM and SAP say they will lay off thousands of workers as belt-tightening becomes the new business priority.

Chief Branding Officer Koji Sato, who has led Toyota’s luxury Lexus division since 2020, will become president and chief executive in April.

Elon Musk’s electric-car maker reported record quarterly profit for the final three months of 2022 and warned of an uncertain period ahead.