By Jonathan Stempel NEW YORK (Reuters) – A federal judge in Manhattan on Thursday said Grubhub, Uber Eats and Postmates cannot force diners who have used their platforms into binding arbitration[...]
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March 16, 2023
FedEx raises full-year earnings forecast after cost cuts, shares soar
By Lisa Baertlein and Kannaki Deka (Reuters) -FedEx Corp on Thursday raised its fiscal 2023 profit forecast despite weak market conditions, citing progress on its plan to shave $3.7 billion in costs f[...]
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Major US banks inject $30 billion to rescue First Republic Bank
By Pete Schroeder, Chris Prentice and Nupur Anand (Reuters) – Large U.S. banks injected $30 billion in deposits into First Republic Bank on Thursday, swooping in to rescue the lender caught up i[...]
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Panama sees limited risk from US, European bank problems
PANAMA CITY (Reuters) – Panama’s risk of contagion from banking woes in the United States and Europe is “very limited”, an official with banking regulator SBP said on Thursday,[...]
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Australia ‘closely monitoring’ global financial turmoil -treasurer
SYDNEY (Reuters) – Australia is closely monitoring the current global financial turmoil, including the situation at Swiss lender Credit Suisse and some banks in the United States, Treasurer Jim[...]
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BuzzFeed transfers most of its cash out of crisis-hit SVB
(Reuters) – BuzzFeed Inc said on Thursday it had moved most of its cash from Silicon Valley Bank to other financial institutions, days after the digital media firm’s stock slumped on news[...]
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China opposes U.S. adding Chinese firms to trade blacklist
(This March 3 story has been corrected to say that only one unit of BGI Genomics was added to the list and the Commerce department added a total of three BGI Group units, in paragraph 3 ) HONG KONG (R[...]
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Nissan workers at Tennessee plant reject union campaign
By Daniel Wiessner (Reuters) -A group of technicians at Nissan Motor Co’s Smyrna, Tennessee, factory voted overwhelmingly against joining a union on Thursday, marking yet another defeat for orga[...]
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Banks sought record Fed liquidity in wake of SVB collapse
By Michael S. Derby NEW YORK (Reuters) -Banks sought record amounts of emergency liquidity from the Federal Reserve over recent days in the wake of the failure of Silicon Valley Bank and Signature Ban[...]
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