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...A jump in sales at BCG’s AI division also partly offset a slowdown in other parts of the business last year amid a tougher economic backdrop....
...WPP’s Ogilvy advertising agency is creating a division specialising in online “health influencers” to help pharmaceutical companies tap a trend towards personalised health and combat misinformation....
...The move is an edict from Andy Sieg, who runs Citi’s wealth management division and joined the company last year from Bank of America....
...as a boring admin drone, probably a drag on the division....
...The SEC should not impose additional disclosure burdens, much less ban any leveraged ETPs or ETFs, Dalia Blass, former director of the SEC’s Division of Investment Management, told Ignites....
...J&J’s medtech division has outstripped the growth of the company’s drugs and diagnostics business, generating $30.4bn in sales last year, or 35 per cent of group revenues....
...By contrast, concert promotion, by far Live Nation’s biggest division with 82 per cent of group revenue, pulled in only 17 per cent of total AOI....
...Citi’s banking division reported revenues of $4.6bn for 2023, down 15 per cent from a year earlier....
...Some businesses continued to struggle, including the wealth management division....
...The real division is between those who see the AI future through a glass darkly, and those, such as Cowen, who embrace its optimistic potential....
...The energy division also encompasses HomeServices of America, a real estate brokerage enmeshed in its own litigation....
...All teams working on its AI models, including its flagship Gemini chatbot, will be unified under its DeepMind division run by Demis Hassabis, according to a memo on Thursday....
...Companies were reassessing priority areas for investment and cutting positions in costly but non-core divisions, said Daniel Keum, associate professor of management at Columbia Business School, such as Amazon...
...Netflix reported earnings of $5.28 a share, well ahead of Wall Street forecasts of $4.51, while its number of subscribers rose 16 per cent to 269mn from a year earlier....
...Saying goodbye to ice cream means hiving off a division that accounts for about 16 per cent of Unilever’s overall sales....
...Kansas-based Spirit manufactures jet parts and was a part of Boeing until its 2005 divestiture to private equity. Yet today, 70 per cent of revenue in its largest division comes from Boeing....
...Meanwhile, Uber seems to be turning on the taps in its ride-hailing division....
...Technology Sydney and a former associate editor of the journal....
...The business, which includes corporate, commercial and investment banking, lost more than $40mn last year: the only one of Citi’s five divisions not to turn a profit....
...In other divisions, Alphabet reported a strong final quarter of 2023. Overall revenue rose to $86.3bn, a 13.5 per cent increase, and ahead of analyst expectations for $85.3bn....
...Its investment banking division also performed well, with fees up more than a fifth to almost $1bn, the business’s best result in more than two years....
...A claim filed in a court in Los Angeles on Tuesday said the use of a “special expenses” fund of $950,000 after tax was an agreed part of his contract....
...Grewal, Director of the SEC’s Division of Enforcement....
...Shortly after his move to Citi was announced, JPMorgan sent a memo to employees announcing that Filippo Gori and Doug Petno would become co-heads of global banking: a new division encompassing JPMorgan’s...
...PGIA, the US division of Australia’s Perpetual, filed for similar relief in February last year, even before the May expiry of Vanguard’s 22-year patent on the structure....
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