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...According to company filings, the social media company in December cancelled chief executive awards that were tied to the company hitting the ambitious market capitalisation following a stock market debut...
...The company was lossmaking in 2022....
...The company declined to comment on the financial figures....
...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...According to the congressional letter, the company accounts for 80 per cent of cranes at US container terminals....
...“ABB’s crane software technology is supplier-independent and installed on cranes manufactured by major crane builders including Chinese companies,” it said....
...The money to be ploughed into the port infrastructure would support Paceco Corp, a US subsidiary of the Japanese company Mitsui, to produce domestic cargo cranes, the White House said on Wednesday....
...Separately, a man in his 60s working for construction company NCC died after an accident involving a crane used to extend Northvolt’s battery factory in Skellefteå, just below the Arctic Circle in Sweden...
...The Biden administration last week poured billions of dollars into domestic manufacturing of cargo cranes, to counter fears of hackers exploiting software in Chinese cranes....
...Samii had moved to Pittsburgh to work for a self-driving car company, Argo.ai, a start-up funded by Ford and Volkswagen....
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
...Smiths’ two biggest businesses by revenue are John Crane and Smiths Detection. The former makes highly engineered seals, in demand from energy companies keen to reduce emissions and leakage....
...Schiller wrote that the decision was also motivated by Epic chief executive Tim Sweeney’s “colourful criticism” of the company’s plans to comply with the DMA....
...Reddit’s investors have maybe had to recognise the reality that it is not a $10bn company at IPO but if the company does well, the lower valuation might become a floor for its stock price....
...If the US did order ByteDance to cut ties, the possible pool of buyers for a company this size could include consortiums or big tech companies....
...Enterprise software company SAP, meanwhile, unveiled a “company-wide transformation” in January that will include the axing of around 8,000 jobs as the company increases its focus on AI....
...Steve Hill, head of liquefied natural gas trading at Shell, will depart the company after eight years....
...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
...The company is often described by western politicians as a “Chinese” entity....
...As Japanese companies strike more deals on the world stage, their record is questionable....
...The Apple car joins Facebook’s phone, Microsoft’s fitness tracker and Amazon’s second headquarters as a dashed company dream that will not be missed....
...This is despite the financial services company adding 3.8mn new brokerage accounts last year....
...The settlement highlights the legal risks companies face when issuing revenue guidance....
...The company usually makes that request when it is in the midst of a significant purchase....
...financial year-end for large companies....
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