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Goldman's cost-cutting accelerates as lean times persist - Vimarsana News

Goldman's cost-cutting accelerates as lean times persist

Goldman Sachs Group Inc's managing directors were invited to meetings this month to receive an ominous message: take even more painful steps to cut costs, according to four sources familiar with the situation. Belt-tightening on the agenda for meetings of Goldman's top executives is another sign that the firm's ongoing push to cut $1 billion in costs is now accelerating as managers target smaller and smaller line items and contemplate more job cuts, sources said. Now senior managers are needed to sign off on expenditures and travel requires seeing multiple clients, the sources...

Source: yahoo.com
Goldman's cost-cutting accelerates as lean times persist - Vimarsana News

Goldman's cost-cutting accelerates as lean times persist

Goldman Sachs Group Inc's managing directors were invited to meetings this month to receive an ominous message: take even more painful steps to cut costs, according to four sources familiar with the situation. Belt-tightening on the agenda for meetings of Goldman's top executives is another sign that the firm's ongoing push to cut $1 billion in costs is now accelerating as managers target smaller and smaller line items and contemplate more job cuts, sources said. Now senior managers are needed t

Source: aol.com
Bunge boosts oilseed dominance, renewable diesel potential with Viterra deal - Vimarsana News

Bunge boosts oilseed dominance, renewable diesel potential with Viterra deal

Bunge's planned acquisition of Viterra would make the world's biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles. Under the deal to create an agricultural giant worth about $34 billion including debt, Bunge's crushing capacity will increase by nearly one-third, to 75 million metric tons annually, adding plants in Europe, Canada and Argentina. The deal would make the combined company better able to capitalize on an anticipated surge in demand for soybean and canola oil to produ...

Source: yahoo.com
Tesla taps brakes on job ads after Musk clamps down on hiring - Vimarsana News

Tesla taps brakes on job ads after Musk clamps down on hiring

The small dip in ads on its website demonstrates the electric car maker's efforts to control costs amid a price war

Source: zawya.com
Energy sector's COVID recovery turns into massive CEO payday - Vimarsana News

Energy sector's COVID recovery turns into massive CEO payday

(Reuters) - The CEOs of America's biggest oil companies were paid a lot more in the first year of the COVID crisis than initially estimated, thanks to stock-heavy compensation packages that have since soared in value, according to an examination of pay disclosures over three years. | 06:15am