BEVERLY HILLS (Reuters) – Citigroup chief executive officer Jane Fraser said on Monday that debate about the debt ceiling in the United States had serious consequences even as the investing worl[...]
Read more
May 1, 2023
Subway comes up with $5 billion debt plan to clinch $10 billion-plus sale -sources
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) -The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition fin[...]
Read more
One-third of US nurses plan to quit profession – report
By Khushi Mandowara and Leroy Leo (Reuters) – Almost a third of the nurses in the United States are considering leaving their profession after the COVID-19 pandemic left them overwhelmed and fat[...]
Read more
GM cuts several hundred full-time contract workers
By David Shepardson and Nathan Gomes (Reuters) -General Motors Co on Monday said it had cut several hundred full-time contract workers over the weekend including at its engineering hub in suburban Det[...]
Read more
Japan’s Astellas to buy Iveric Bio for $5.9 billion to expand eyesight treatments
By Rocky Swift TOKYO (Reuters) -Japan’s Astellas Pharma said on Monday it agreed to buy U.S. drugmaker Iveric Bio Inc for about $5.9 billion in its biggest acquisition, giving it access to a ran[...]
Read more
JPMorgan buys First Republic Bank’s assets
(Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Monday it will buy most of First Republic Bank’s assets after U.S. regulators seized the troubled bank. The co[...]
Read more
Factbox-JPMorgan’s deal for collapsed First Republic explained
(Reuters) – JPMorgan Chase & Co will buy most of First Republic Bank’s assets in a last-ditch rescue led by U.S. regulators, marking the third major U.S. institution to fail in two mon[...]
Read more
US construction spending rebounds in March on nonresidential structures
WASHINGTON (Reuters) – U.S. construction spending increased more than expected in March, boosted by investment in nonresidential structures, but single-family homebuilding remained depressed ami[...]
Read more
World Bank launches more robust, transparent business climate rankings
By Andrea Shalal WASHINGTON (Reuters) -The World Bank on Monday unveiled new methodology and improved safeguards for assessing the business climate in up to 180 countries after embarrassing revelation[...]
Read more