JPMorgan Chase & Co. has been fined nearly $350 million by regulators over shortcomings in its trade surveillance program. The fine was issued by the US Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC) on Tuesday.
Target has announced the launch of its new paid membership program called “Target MyWay,” offering exclusive discounts, free shipping, and early access to sales for members.
Key Details
The new service will streamline the prescription process, providing healthcare professionals with a secure and efficient way to send prescriptions to pharmacies. Additionally, the funding program will help healthcare providers offset the costs associated with implementing electronic prescription technology.
In a recent statement, the CEO of popular video game publisher Take-Two Interactive, Strauss Zelnick, asserted that the company had “no current plans” for any layoffs, despite their ongoing cost reduction program.
In an unexpected move, Walmart has announced salary increases for its store managers alongside a lucrative bonus program that has the potential to add up to 200% of their annual salaries. This surprising news has been received with enthusiasm across the company and is set to boost motivation and morale among the store management staff.
The Federal Reserve has decided to increase the interest rate on its emergency loan program in anticipation of its expiration on March 11. This move is aimed at adjusting the cost of short-term borrowing for financial institutions and ensuring a smooth transition as the emergency program winds down.
Helsinki-based telecommunications giant Nokia witnessed a significant surge in its stock price, jumping 7% on Tuesday after the company unveiled a $653 million share buyback program. This positive news comes as a boost for Nokia, as it aims to reward its shareholders and build confidence in its future prospects.
The Federal Reserve Board has recently declared that the Bank Term Funding Program (BTFP) will no longer issue new loans after the scheduled date of March 11. This decision comes as a result of a comprehensive evaluation conducted by the Board.
SAP, the global leader in enterprise software, has recently unveiled its updated Ambition 2025 strategy while simultaneously announcing a comprehensive transformation program for the year 2024. The strategic update aims to position SAP as the driving force behind the intelligent enterprise and emphasizes its commitment to sustainability, innovation, and customer success.
In an effort to improve safety and prevent accidents in subway stations, the Metropolitan Transportation Authority (MTA) has implemented a new safety program involving the installation of barriers. These barriers aim to provide an additional layer of protection for both commuters and staff members.
