relocation

When the U.S. has entered recession in the past, weakness has often started in one sector and then spread like brushfire, pulling down a widening array of industries and the people who work in them. Downturns in 2001 and 2007-09 were apt examples. The deflated internet and telecommunications bubble in the early 2000s and then the mortgage and housing crunch of the mid-2000s emanated outward, damaging financial companies, consumer spending and business investment. That ultimately led to economywide recessions and…

BERLIN—The German owner of Politico and other U.S. outlets announced a restructuring of its domestic operation, floated potential disposals and unveiled plans for a new headquarters in New York City as it shifts its focus to the U.S.Axel Springer SE, one of Europe’s largest news organizations and the only one with a major U.S. presence, said it would slim down its corporate structure in Germany and phase out the print editions of its publications as it seeks to become a leading digital-only publisher. The company aims to…

Twitter Inc. is auctioning kegerators, pizza ovens and other supplies from its San Francisco headquarters in what appears to be its latest cost-cutting move. More than 600 items are being sold online through Wednesday afternoon, according to an auction page run by Heritage Global Partners, Inc. The items were described on the page as surplus corporate office assets. Some of the more quirky pieces on sale include a neon sign of Twitter’s bird logo, currently fetching $27,500,…

Hundreds of Tyson Foods Inc. TSN -1.01% employees from two of its largest business units plan to leave the company as it consolidates its corporate offices to northwest Arkansas next year, according to people familiar with the matter.The largest U.S. meat supplier by sales said in October that it planned to close its offices in Chicago, Downers Grove, Ill., and Dakota Dunes, S.D., which currently house many of Tyson TSN -1.01%…

Three Native American tribes who face major climate threats are the first recipients of money from a new federal program designed to help move tribal homes and vital buildings and facilities out of areas threatened by flooding, erosion and other hazards. Two tribes in Alaska and one in Washington state are each getting $25 million to help their ongoing efforts to relocate homes, schools, airports, water-supply wells and other infrastructure, the Biden administration announced. The grants are the first allocations from a…

Asteroid mining company Karman+ plans to relocate its headquarters to Denver from the Netherlands in a boost for Colorado’s burgeoning space industry. The European space resources startup will bring 150 new jobs to the state, according to a Wednesday announcement by Gov. Jared Polis‘ administration and the Colorado Office of Economic Development and International Trade’s Global Business Development Division. Colorado won the new location over the United Kingdom and Luxembourg. The company pointed to Denver’s quality of…

NASSAU, Bahamas—Last year, an FTX executive walked into a bank office here and put $4.5 million of the company’s money behind an ambitious plan to buy an oceanside parcel of land and turn it into the crypto giant’s new headquarters.The executive, Ryan Salame, closed the deal in short order, people familiar with the matter said, just part of the company’s whirlwind real-estate shopping spree in and around Nassau. In April, the Bahamas prime minister appeared with FTX executives at a…

SEONGNAM, SOUTH KOREA—At the new headquarters of South Korea’s largest internet company, a fleet of self-driving robots whirl around delivering coffee, lunchboxes and mailed packages.More than 100 of these autonomous robots, which look a bit like the droid R2-D2 from the “Star Wars” films and go by the name “Rookie,” are operational at Naver Corp.’s 035420 4.42% high-rise office building. The tower is specifically designed with bump-free flooring and handle-free doors…

Tyson Foods Inc. TSN -0.96% is closing several of its corporate offices across the country as rising costs pressure the meat giant’s bottom line after two years of soaring profit margins. Tyson said Wednesday that it is closing offices in Chicago, Downers Grove, Ill., and Dakota Dunes, S.D., which currently house many of its prepared-foods and beef-division employees. Employees will be given the chance to relocate to the company’s…

The second-largest U.S. oil company closed the sale Wednesday of its Chevron Park campus in San Ramon, Calif., its global headquarters for two decades, to Sunset Development Co. The family-run company had originally sold the 92-acre parcel to Chevron in the early 1980s. Sunset Chief Executive Alex Mehran Jr. said Chevron also signed a lease for nearly 400,000 square feet of space in a nearby office building located in Sunset’s Bishop Ranch mixed-use project in San Ramon. Chevron’s office space there could house about…