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French authorities will fine General Electric for creating a small number of new jobs, contrary to promises. As part of the deal with Alstom, GE was supposed to create a thousand new jobs in three years, but opened only 25, according to French Finance Minister, Bruno Le Maire. The company bought Alstom's energy business for $17 billion in 2016. Now, 16 thousand people work in the French branch of the company. Since the deal was concluded, demand for GE and Alstom products has declined. General Electric changed two executives in three years and lost a third of capitalization in 12 months. Earlier, GE mentioned its intention to cut staff by 12,000 in the energy business.
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
U.S. President Donald Trump’s administration said on Monday that the small business pandemic aid program worth $660 billion was as a “wild success.” The data showed that 51 Million jobs for America’s small businesses ...
Levi Strauss & Co (LEVI.N) expects that its business would lose footing in the second half of the year. The company deemed it possible even as its sales were seen recovering at its reopened stores, following virus-related lockdowns imposed ...
U.S. stock index futures rose on Thursday, ahead of the much-awaited jobs report that could signal further evidence of an economic rebound in June. However, gains remained limited by the record surge in daily COVID-19 cases. Dow e-minis gained ...
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