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HSBC Plans Job Cuts In Major Restructuring

HSBC plans on cutting 35,000 jobs and shedding $100 billion in assets as it restructures its revenue streams.

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Apple To Fall Short Of Revenue Projections

Apple will not meet its revenue projections for this quarter because of stalled production related to the coronavirus.

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Franklin Resources and Legg Mason Are Merging Amid Changes In Industry

Franklin Resources is set to acquire Legg Mason for $4.5 billion.

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Jeff Bezos Starts Fund To Fight Climate Change

Jeff Bezos recently announced that he plans on allocating $10 billion if wealth to fighting climate change.

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New York Will Not Appeal T-Mobile & Sprint Merger

The decision to allow the merger of T-Mobile and Sprint will not be appealed by New York.

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Japanese Economy At Risk Of Entering A Recession

Japan’s economic contraction is being exacerbated by the coronavirus.

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Alstom Seeking To Acquire Bombardier

Alstom recently reached an early deal to acquire Bombardier’s train manufacturing arm for over $7 billion.

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Americans On Diamond Princess Evacuated

Americans that were aboard the Diamond Princess cruise ship will be quarantined in the U.S. for an additional 14 days.

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Department of Education Investigating Universities’ Foreign Funding

The Department of Education is investigating Harvard and Yale for their unreported foreign funding sources.

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International Energy Agency Predicts Drop In Global Oil Demand Growth

Growth of global oil demand is expected to decrease as a result of the coronavirus’ impact on production.

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