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Online fashion retailer to cut hundreds of jobs

German online fashion retailer Zalando is to cut hundreds of jobs across the company, citing over-expansion in some areas and a more difficult economic...

Johnson & Johnson to split into two companies

Johnson & Johnson said on Friday it is planning to break up into two companies, splitting off its consumer health division that sells Band-Aids...

Move over Apple, Microsoft now the world’s most valuable company

Apple lost its crown as the world's most valuable public company to Microsoft on Friday, as the iPhone maker's shares continued their downward slide. Apple...

Facebook changes its company name to Meta

Facebook Inc said on Thursday it would rebrand as Meta, a name change that comes as the company battles criticisms from lawmakers and regulators over...

Utah company halts Lego firearm case sales after cease-and-desist

A Utah company has stopped selling a kit that encases Glock handguns in Lego blocks after the Danish toymaker sent it a cease-and-desist letter...

Game maker gifts its employees luxury gadgets after profitable 2020 year

These popular electronic gadgets were given to each employee of the game for a successful 2020 performance and thriving despite the pandemic

Weinstein Company files for bankruptcy in ‘new beginning’

NEW YORK: Harvey Weinstein's former production company announced late Monday it had filed for bankruptcy, less than six months after the Hollywood mogul was...

Weinstein Company inches toward bankruptcy after #MeToo storm

NEW YORK: Disgraced Hollywood mogul Harvey Weinstein's former studio appeared to inch closer toward bankruptcy Monday over complaints that talks to buy the troubled...

Weinstein Company told to include more funds for victims

NEW YORK: New York’s attorney general said on Monday a deal for the Weinstein Company should include a bigger compensation fund for victims of...

Will step down as PSL chairman in 2017, says Sethi

LAHORE: Chairman Pakistan Super League (PSL) Najam Sethi has announced that he will step down from his position in 2017, ARY News reported on...

Karachi: Three die by drowning in factory chemical tank

KARACHI: Three labourers of a textile factory died by drowning in a tank full of chemicals and dirty water in Karachi's Port Qasim area,...

German retailer to pay $5.15m to Baldia factory fire victims

KARACHI: German discount clothes retailer KiK has agreed to pay another $5.15 million in compensation to victims of one of Pakistan's worst-ever industrial accidents,...

Leader of Nokia’s mobile phone revival plan leaves the company

FINLAND: The head of the Nokia division aiming to bring the brand's mobile phones back to market is leaving after two years in the role, the Finnish company said on Wednesday.

What! There’s a company that pays its staff to sleep

UNITED STATES: You think it is not possible...but Aetna, an insurance firm in the US, is actually paying some $300 (£225) a year to its staff just to get a good night’s shut-eye.

Snapchat raises $1.81 billion in new funding round

Messaging app Snapchat Inc has raised $1.81 billion in an equity offering, indicating strong investor interest in the company despite concerns that it is struggling to attract advertisers.

Top Twitter executives to leave company, CEO Dorsey tweets

SAN FRANCISCO: Four senior Twitter executives are leaving the media company, CEO Jack Dorsey tweeted late Sunday night, the biggest leadership changes since Dorsey returned as chief executive as he struggles to revive the company's growth.

PBA opposes govt plan for setting up ratings’ company

KARACHI: The Pakistan Broadcasters Association (PBA) has come up in opposition to government plan for establishing ratings’ company, saying such a move could go against 'independent media'.

China firm to punish 'unscheduled' pregnancies: report

BEIJING: A Chinese company plans to demand its employees seek approval to get pregnant and fine those who conceive a child without permission, reports said, provoking a media firestorm Friday.

LinkedIn to buy online education company for $1.5 bn

CALIFORNIA:  Professional social network operator LinkedIn Corp said it would buy privately held online education company lynda.com in a cash-and-stock deal valued at about $1.5 billion (1.01 billion pounds).

Facebook acquires video ad company LiveRail

SAN FRANCISCO: Facebook Inc is acquiring video advertising company LiveRail in the Internet social network's latest step to make video ads a bigger part of its business. Facebook did not...
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