Disney cancels plans for $1 billion campus, 2,000 jobs in Florida
LOS ANGELES, May 18 (Reuters) – Walt Disney Co (DIS.N) is scrapping plans to build a nearly $1 billion corporate campus in central Florida that would have housed 2,000 employees,…
Medicago to cease operations in Quebec, scuttling COVID-19 vaccine production plans
Medicago will be shutting down its COVID-19 vaccine project in Quebec after its sole shareholder decided to no longer invest in the company, the company announced Thursday. With the Japan-based…
CI Financial’s grand plans for U.S. expansion leave Canada behind
Kurt MacAlpine, the CEO of CI Financial, in downtown Toronto on Dec. 20, 2019.Tijana Martin/The Globe and Mail Across from the East Hotel, where Miami’s rich, young and beautiful party…
Everest Medicines Announces New Strategic Plans, Reinforcing Transformation into a Fully Integrated Biopharmaceutical Company
–Focus on renal disease and mRNA platform portfolios– –Build out commercialization capabilities in preparation for the potential approval and launch of Nefecon and Xerava in China in 2023– –Leverage both…
After Icahn Fight, Southwest Sells Pipe Unit, Plans Spinoff
(Bloomberg) — Southwest Gas Holdings Inc. agreed to sell a pipeline business for $1.5 billion including debt and spin off its construction business in the wake of a bitter battle…
IFF plans job cuts as part of company restructuring
Dive Brief: International Flavors & Fragrances plans to cut jobs as part of a comprehensive restructuring to optimize costs and streamline its business to better serve customers, the company announced…
Disney plans to freeze hiring and cut jobs, memo shows
Disney (DIS) is planning to freeze hiring and cut some jobs as it strives to move the Disney (DIS)+ streaming service to profitability against a backdrop of economic uncertainty, according…
EnerMech reveals plans to drive growth in Europe and Africa
The new senior structure will help drive further growth for the firm’s Europe and Africa operations in line with the firm’s global strategic objectives to gain further traction in the…
Infosys to shut all operations in Russia, plans to move out amid war against Ukraine
As the ruthless war in Ukraine enters its seventh week, India’s second-largest IT services provider – Infosys on Wednesday, April 13, declared the pullout of all its business operations from Russia in…
How Amazon plans to fix its massive returns problem
Amazon is handling a rapidly growing number of returns that are causing a massive problem for the e-commerce giant and the planet. A National Retail Federation survey found a record…