A U.S. Senate bill approved today would require companies to certify that they aren’t owned or controlled by a foreign government, a move aimed at Chinese companies with ties to their nation’s Communist Party, CNBC reported. The bill would ban foreign companies from trading on U.S. exchanges if they failed to open their books to U.S. auditors for three consecutive years. Although, the...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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