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Dan Gilbert will keep grip on Quicken Loans even after IPO

Dan Gilbert, founder of Quicken Loans, the largest mortgage lender in the US, will retain complete control of the company following its initial public offering, even as the cash proceeds of the flotation flow into a private entity under his control. According to a regulatory filing released on Tuesday, Quicken …

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Levi's cuts 700 jobs due to falling sales

Image copyright Getty Images US blue jeans brand Levi Strauss is cutting 700 jobs, or about 15% of its corporate staff, as it grapples with the downturn caused by the pandemic. The firm, hit by a 62% fall in sales in its most recent quarter, said the reductions were necessary …

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