By Lucia Mutikani WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes increased for a third straight month in February, raising cautious optimism that the housing market slump co[...]
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March 29, 2023
Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover
By John Revill ZURICH (Reuters) – UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse – a surprise move to take advantage of the Swiss b[...]
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The banker Switzerland trusts to stem Credit Suisse crisis
By John O’Donnell, John Revill and Stefania Spezzati ZURICH (Reuters) – Straight from a class room to trading securities while just a teenager, Sergio Ermotti has had a career which tracke[...]
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Credit Suisse has violated U.S. tax evasion deal, Senate Committee finds
LONDON (Reuters) -Credit Suisse violated a 2014 plea deal with U.S. authorities by continuing to help ultra-wealthy Americans evade taxes and concealing more than $700 million from the government, the[...]
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Macy’s insider Spring to replace turnaround CEO Gennette next year
By Ananya Mariam Rajesh (Reuters) – Macy’s Inc Chief Executive Jeff Gennette will retire next year after four decades with the U.S. department store chain, the company said on Wednesday an[...]
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FDIC hires Newmark Group to sell billions of Signature Bank debt – source
By Manya Saini (Reuters) -The Federal Deposit Insurance Corp (FDIC) has hired Newmark Group Inc to sell about $60 billion of failed lender Signature Bank’s loans, a person familiar with the matt[...]
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Kazakh airline says business is booming as Russia loses traffic
ALMATY (Reuters) – Kazakhstan’s flagship airline, Air Astana, is speeding up its expansion plans to take advantage of a drop in air traffic via Russia and the reopening of China, chief exe[...]
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What’s better than OpenAI? Developers shop for alternatives
By Krystal Hu NEW YORK (Reuters) – Microsoft-backed OpenAI is no longer the only game in town for software developers looking to capitalize on an expected $90 billion market for artificial intel[...]
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Carl Icahn wants to bring back Illumina’s ex-CEO -WSJ
(Reuters) – Carl Icahn wants former Illumina CEO Jay Flatley back at the U.S. life sciences firm, the Wall Street Journal reported on Wednesday, as the activist investor intensifies his proxy fi[...]
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