Category : Corporate News


Saks Considers Bankruptcy Ahead of $100M Payment

Saks Global Enterprises is exploring Chapter 11 bankruptcy as a last resort before a crucial $100 million debt payment due Dec 30. The luxury retailer's turnaround plan has faltered. Read more.

Jim Beam Pauses Distillery Production for a Year

Jim Beam suspends bourbon making at its Clermont distillery in 2026. The pause, driven by tariffs and shifting demand, allows for upgrades while reassigning staff. Explore the challenges facing the US whiskey industry.

Ambuja Cement Merges ACC and Orient Cement

Ambuja Cements' board approves the merger of ACC and Orient Cement, creating a cement giant with a 79 MTPA capacity. Read about the strategic move and its impact on the Indian market.

Telefonica Slashes 5,500 Jobs in $2.9B Restructuring

Spanish telecom giant Telefonica SA will cut 5,500 jobs at a $2.9 billion cost, aiming for over $700 million in annual savings. The move follows a trimmed cash flow outlook and a halved dividend. Get the latest business news updates.

Netflix Secures $25B in New Debt for Warner Bros. Takeover

Netflix refinances part of its massive $59 billion bridge loan with cheaper, long-term debt to bolster its bid for Warner Bros. Discovery. The streaming war heats up with a rival offer from Paramount Skydance. Read the full details.

62% of Indian employees plan job switch, culture key

A new study reveals 62% of Indian employees plan to change jobs within a year, with 87% citing workplace culture as a decisive factor. Many are even willing to take a pay cut for a better environment. Explore the trends shaping India's workforce.

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