Bank of America upgraded shares of Zurich Insurance Group (OTCMKTS:ZURVY – Free Report) from a neutral rating to a buy rating in a research note published on Friday morning, MarketBeat Ratings reports. Zurich Insurance Group Trading Up 0.3 % OTCMKTS ZURVY opened at $52.02 on Friday. Zurich Insurance Group has a twelve month low of […]
Anglo American has
frozen hiring globally after its pledge this week to simplify
the miner that is the target of a $43 billion bid by Australia s
BHP, according to an internal memo issued by Anglo.
SYDNEY (Reuters) -Anglo American has suspended hiring globally according to an internal memo reviewed by Reuters, as it gets plans underway to simplify itself and build value - and avert a $43 billion takeover bid by Australia's BHP Group. Anglo laid out plans on Tuesday to refocus its company on energy transition metal copper while spinning out or selling its less profitable coal, nickel, diamond and platinum businesses, as it moves to fend off the world's biggest miner. "Following yesterday's announcement of our plans to unlock significant value through a simplification of our portfolio . it is appropriate that we put in place a freeze on the recruitment of all non site-based permanent employees and contractors across all Businesses and Group Functions," People and Organisation Director Monique Carter said in the memo.
Exclusive-Anglo American Starts Revamp With Hiring Freeze, Document Shows usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.