By Sara Merken (Reuters) – New York-founded law firm Shearman & Sterling said Wednesday it has laid off attorneys and business professionals, citing a need to “align our capacity level[...]
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February 8, 2023
U.S. Treasury urges financial firms to examine cloud services
By Pete Schroeder and Susan Heavey WASHINGTON (Reuters) -U.S. Treasury Department officials highlighted several challenges facing financial firms that are increasingly turning to cloud computing servi[...]
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Crypto exchange Kraken under scrutiny for sale of unregistered securities- Bloomberg
(Reuters) – Cryptocurrency exchange Kraken is under investigation by the U.S. Securities and Exchange Commission for the sale of unregistered securities, according to a Bloomberg report. The reg[...]
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Bayer picks outsider Anderson as CEO after investor pressure
BERLIN/FRANKFURT (Reuters) – Bayer replaced its CEO early, recruiting the former head of Roche’s pharmaceuticals business, as investor criticism over the company’s lacklustre share price g[...]
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Centene reaches $215 million settlement addressing California drug overcharges
By Jonathan Stempel (Reuters) – Centene Corp has reached a $215.4 million settlement with California to resolve accusations it overcharged a state program for affordable healthcare by falsely in[...]
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Two lessors file applications to cancel Garuda Indonesia restructuring deal – court
JAKARTA (Reuters) – Two lessors have filed applications in a Jakarta court in a bid to cancel flag carrier Garuda Indonesia’s restructuring deal, a court website showed. Garuda reached an[...]
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Investors focus on buybacks, billionaire tax in Biden speech
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -U.S. President Joe Biden put taxes and corporate stock buybacks squarely in investors’ focus during Tuesday night’s State of the[...]
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Shares slip, dollar steady as markets assess Powell comments
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -Global shares fell and the dollar was steady on Wednesday as the Federal Reserve’s mantra that interest rates will stay higher for longer[...]
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CVS digs into primary care with $9.5 billion Oak Street Health deal
By Bhanvi Satija and Raghav Mahobe (Reuters) – CVS Health Corp will buy Oak Street Health Inc for about $9.5 billion in cash, joining rivals in adding primary care to its portfolio as pressure m[...]
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