By Sam Jabri-Pickett TORONTO (Reuters) -The Ontario government on Friday offered to increase financial support for carmaker Stellantis’s battery plant in the province, a move Canada’s indu[...]
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May 19, 2023
Investors look past US tech sector as uncertain environment clouds outlook
By Lisa Pauline Mattackal and Divya Chowdhury MUMBAI (Reuters) – Investors are looking beyond the U.S. technology sector’s bounceback this year for longer-term returns, as higher interest[...]
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Amgen agrees not to seek quick close to Horizon acquisition
WASHINGTON (Reuters) – Amgen Inc has agreed not to quickly close on its $27.8 billion acquisition of Horizon Therapeutics after the U.S. Federal Trade Commission (FTC) filed suit to block the de[...]
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JPMorgan investors to scrutinize First Republic takeover
By Nupur Anand NEW YORK (Reuters) -As JPMorgan Chase & Co CEO Jamie Dimon prepares to take the stage for the bank’s investor day on Monday, he can expect plenty of questions about its purcha[...]
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‘ESG’ in U.S. finance job titles comes with 20% pay premium
By Isla Binnie NEW YORK (Reuters) – U.S.-based bankers and money managers whose job titles include “ESG” or “sustainability” earn on average around 20% higher base salari[...]
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TuSimple to restructure US business, lay off 30% staff (May 18)
(This May 18 story has been corrected to say that the company will reduce its global workforce by 30%, not the U.S. workforce, in paragraph 1) (Reuters) – TuSimple Holdings Inc said on Thursday[...]
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Chile’s state miner launches subsidiaries to manage lithium takeover plan
SANTIAGO (Reuters) – Chilean state miner Codelco, the world’s largest copper producer, said on Friday it had created two subsidiaries to run a newly mandated lithium business amid a govern[...]
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Yellen told bank CEOs more mergers may be necessary, CNN reports
By Doina Chiacu and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told bank CEOs on Thursday that more mergers may be necessary after a series of bank failures, CNN reported[...]
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Instagram prepares Twitter competitor for summer release – Bloomberg News
(Reuters) – Meta Platforms’ Instagram is planning to release a text-based app that will compete with Twitter and may debut as soon as June, Bloomberg News reported on Friday, citing people[...]
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