Starbucks plans to hire 10000 refugees worldwide
Starbucks chief Howard Schultz vows to hire 10000 refugees over five years as the Trump immigration ban draws global reactions. He says the company will support affected employees and increase communication through Workplace by Facebook while backing the Dreamers program and offering legal counsel to a few workers.
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Sony warns of 962 million impairment loss in SPE unit
Sony Pictures Entertainment faces a non cash impairment charge of 962 million dollars for the third quarter as factors from past acquisitions and changing home entertainment space weigh on the studio. Kazuo Hirai and departing SPE CEO Michael Lynton issued a joint statement defending the value and future of SPE within Sony. The write down will be an operating loss and Lynton’s final day as CEO coincides with the quarter’s release.
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Novartis signals bold push in cancer immunotherapy
Novartis aims to advance CAR T therapies to brain pancreas colon ovary and lung cancers with manufacturing expansion and heavy R&D investment. The company targets acute leukemia in children and forecasts CTL0019 sales above 1 billion annually within five years as rivals race in immuno oncology.
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