NetEase Inc's music streaming business Cloud Village Inc is aiming to raise up to $500 million in a Hong Kong initial public offering, according to regulatory filings, after shelving the deal earlier this year following China's regulatory crackdown on tech companies.
The Chief Executive Officer of Activision Blizzard Inc Bobby Kotick has told senior managers at the company that he would consider stepping down if he fails to quickly fix the culture problems at the company, the Wall Street Journal reported on Sunday, quoting people familiar with his comments.
The S&P 500 hit a record high on Monday after President Joe Biden picked Federal Reserve Chair Jerome Powell to lead the central bank for a second term, with Wall Street lenders rallying on the prospect of interest rate hikes in 2022.
Videogame publisher Activision Blizzard Inc said on Tuesday it had fired more than 20 employees following allegations of sexual harassment and discrimination at the workplace, with 20 more individuals facing other forms of disciplinary action.