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...BCG, which started investing in its AI business in 2015, has about 3,000 employees in its BCG X technology and design division....
...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 division has lagged behind rivals such as JPMorgan Chase, Morgan Stanley and BofA’s Merrill Lynch franchise, however....
Combined market value of the two tech giants rose by more than $250bn after revenue growth beat expectations
...This week, Musk suddenly fired the entire “Supercharger” division of his electric car company Tesla, news of which was delivered via “nothing more than a ‘Dear Employee’ email in middle of the night”, according...
...Another employee of that division, George Bahadue, posted on LinkedIn confirming he had been let go....
...In November, the Nomura chief said he would target another $100mn in cost cuts in the wholesale banking division as he tries to attain a target of 8 to 10 per cent return on equity for the bank....
...Louis-based broker-dealer divisions of Stifel, settled with Finra for just over $1mn for failing to establish suitability policies for recommending non-traditional ETFs....
...as a boring admin drone, probably a drag on the division....
...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....
...Duato has previously said J&J would aggressively pursue deals in high-growth segments of the business, such as its medical technology division....
...But it will be companies with large health insurance divisions such as UnitedHealth not traditional retailers, that will have the best shot at capturing more of that $4.5tn pie. pan.yuk@ft.com...
...Note that this J&J deal is the second large mass tort case to be resolved outside of Chapter 11 after first trying bankruptcy courts. 3M put its military earplug division, Aearo, into bankruptcy only to...
...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....
...In this article, Myles McCormick and Eric explore how the energy division arguably faces the most fundamental upheaval of any part of the Berkshire empire. Is Greg Abel up to the top job?...
...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....
...The energy division also encompasses HomeServices of America, a real estate brokerage enmeshed in its own litigation....
...It recently appointed Dan Lin as the new head of its film division. “Even though we have made and we are making great films, we want to make them better,” said Ted Sarandos, co-chief executive....
...He estimated that the division’s return on equity was the highest in almost two decades last year....
...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...
...The energy division arguably faces the most fundamental upheaval of any part of the Berkshire empire....
...Saying goodbye to ice cream means hiving off a division that accounts for about 16 per cent of Unilever’s overall sales....
...Meanwhile, Uber seems to be turning on the taps in its ride-hailing division....
...Yet today, 70 per cent of revenue in its largest division comes from Boeing. The 737 Max programme is particularly crucial to Spirit....
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