Company news in brief

Nike to raise wages for thousands of employeesNike Inc said on Monday it would raise wages for about 7 500 employees following a global pay review, two months after the sportswear maker concluded a probe into workplace behavior that resulted in the departure of a number of top executives.About 10% of its employees across all levels and geographies will receive pay adjustments, a Nike spokeswoman told Reuters.The company had about 74 400 employees worldwide, according to a regulatory filing. Its Mid-level managers at Portland headquarters are paid about US$40 000 to US$120 000 a year, according to job search and review website Glassdoor.-Nampa/ReutersFacebook to double office presence in LondonFacebook said on Monday it would double its presence in London, acquiring nearly 600 000 square feet (56 000 square meters) of office space across two buildings in King’s Cross - enough for more than 6 000 workstations.The social network did not say how many jobs it would add in the British capital, where it expects to employ 2 300 people by the end of this year. It added 800 jobs in London last year.-Nampa/ReutersBlackstone wins EU approval to buy Thomson Reuters unitUS private equity firm Blackstone Group has secured EU antitrust approval to acquire a majority stake in Thomson Reuters’ Financial and Risk unit, the European Commission said on Monday.Blackstone is making its biggest bet since the financial crisis with the US$20 billion deal which pits co-founder Stephen Schwarzman against fellow billionaire and former New York Mayor Michael Bloomberg.-Nampa/ReutersExxon expects more oil from Guyana's offshore blockExxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25% more recoverable resources than estimated, they said on Monday.Exxon and US-based partner Hess Corp said more than 4 billion barrels of oil equivalent could be recovered from the Stabroek block, which is part of one of the biggest oil discoveries in the world in the last decade.-Nampa/ReutersHasbro moves past Toys 'R' Us collapseToymaker Hasbro Inc topped Wall Street estimates for profit and revenue in the second quarter as it emerged from the worst effects of last year’s Toys ‘R’ Us bankruptcy, sending its shares up nearly 12%.The company, like other US toymakers, was hit hard by the sooner-than-expected liquidation of Toys ‘R’ Us and had said it would get through the worst by the latter half of the year.-Nampa/Reuters

Company news in brief

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Republikein 2026-06-19

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Company news in brief

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Republikein 2026-06-19

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