Report: IBM To Cut 10,000 Jobs
The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.
McCormick Doubles Down on Hot-Sauce Category With Cholula Buy
The hot-sauce category has seen a jump in U.S. sales amid the COVID-19 pandemic.
Danone Announces Job Cuts, Restructuring
The consumer goods company says it is reshaping itself as a “local-first” organization.
Video Game Company Roblox Files for IPO
The user-generated gaming platform, hugely popular with kids, has yet to turn a profit.
Nasdaq to Buy Financial Fraud Detection Company Verafin
The $2.75 billion deal is the largest for the exchange since it acquired OMX in 2008 for $3.8 billion.
IBM to Buy Software Company Instana
The company said the move is part of its hybrid cloud and AI push.
Amazon Opens Online Pharmacy
“The news represents a disruption to the system and competitive threat that will likely shift scripts away from the retail channel.”
PNC to Buy BBVA’s U.S. Unit for $11.6B
The cash deal would be the second largest in the banking sector since the 2008 financial crisis.
Wells Fargo Former Execs Charged With Misleading Investors
The SEC said John Stumpf and Carrie Tolstedt misled investors about the bank’s success in selling multiple products to customers.
Former Kodak Execs Sold $5.1M in Stock Options They Didn’t Own
The previously forfeited stock options were exercised by the former executives in July when the company’s stock jumped.
Spotify to Buy Podcast Ad Platform Megaphone
The companies said the deal would make streaming ad insertion available to third-party publishers.