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Display maker JOLED to restructure with JDI supportTOKYO : JOLED Inc, the Japanese company that took over Sony and Panasonic's OLED display businesses, has filed for rehabilitation proceedings through the Tokyo District Court, the debt-laden company said on Monday.The company also said it has executed a basic agreement with Japan Display Inc (JDI) to supp
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Pinterest to reduce office spaces as part of restructuringPinterest Inc will end leases of certain office spaces as part of a restructuring plan, the image-sharing platform said on Monday, in addition to about 4 per cent workforce reduction it started last month.U.S. companies from technology to finance have stepped up cost cuts as they brace for a potential rec
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China plans to improve national blockchain tech standards system by 2025BEIJING : China plans to improve its blockchain tech standards by 2025, the Ministry of Industry and Information Technology (MIIT), the country's industry watchdog, said on Tuesday.The country will aim to clarify the top-level design of its blockchain and distributed ledger technology standards system by
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Envestnet names three new directors, ends board fight with Impactive CapitalNEW YORK : Envestnet Inc. on Tuesday said it has added three new directors to end a board challenge from activist investment firm Impactive Capital that had been pushing the financial technology company to improve its performance by cutting costs.Longtime banking executive Barbara Turner, veteran board me
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »