By Dawn Chmielewski LOS ANGELES (Reuters) -Walt Disney Co on Monday began 7,000 layoffs announced earlier this year, as it seeks to control costs and create a more “streamlined” business,[...]
Read more
March 27, 2023
Fed’s Jefferson: Trouble among small, regional banks could hit small businesses
LEXINGTON, Virginia (Reuters) – The shuffling of deposits from small to large banks could have a disproportionate impact on U.S. small businesses who depend heavily on community and regional fin[...]
Read more
Pinterest to reduce office spaces as part of restructuring
(Reuters) – Pinterest Inc will end leases of certain office spaces as part of a restructuring plan, the image-sharing platform said on Monday, in addition to about 4% workforce reduction it star[...]
Read more
Marketmind: U.S. bank deal allays systemic fears
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets could rebound on Tuesday from their sluggish start to the week, after a deal to buy the[...]
Read more
Exclusive-Canada budget sees contracts for difference for large clean-tech projects -source
By Steve Scherer OTTAWA (Reuters) – Canada’s budget will introduce a system to lock in future carbon credit prices, a move meant to boost investments by giving businesses certainty to deve[...]
Read more
Amazon loses bid to throw out case by UK drivers seeking worker rights
LONDON (Reuters) -Amazon.com Inc has lost a bid to throw out three sample lawsuits brought by British delivery drivers seeking employment rights including the minimum wage and holiday pay. More than 1[...]
Read more
Oil rises over $3 on Kurdistan export halt, banking optimism
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose more than $3 on Monday as a halt to some exports from Iraq’s Kurdistan region added to worries about oil supplies while a U.S. banking acq[...]
Read more
Wall St equities gain, Treasury yields rise as bank worries ease
By Sinéad Carew NEW YORK (Reuters) – Wall Street equities gained and U.S. Treasury yields rose on Monday as investor concerns about the financial system were calmed after First Citizens BancShar[...]
Read more
U.S. banking regulator has begun misconduct probes in Signature, SVB failures
By Chris Prentice and Pete Schroeder WASHINGTON (Reuters) – A U.S. banking regulator is investigating potential misconduct on the part of executives and others involved in the failures of Silico[...]
Read more