By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden’s pick to head the World Bank, ex-Mastercard CEO Ajay Banga, met on Wednesday with executive directors at the bank as he la[...]
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March 1, 2023
S&P, Nasdaq weak as manufacturing stokes Fed concerns
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 and Nasdaq fell for a second straight session on Wednesday as Treasury yields jumped after manufacturing data indicated inflation is lik[...]
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Blackstone blocked investor withdrawals from $71 billion REIT in February
By Chibuike Oguh NEW YORK (Reuters) – Blackstone Inc said on Wednesday it had blocked investors from cashing out their investments at its $71 billion real estate income trust (BREIT) as the priv[...]
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Lilly to cut some list prices by 70% and offer $25 insulin
By Bhanvi Satija and Patrick Wingrove (Reuters) -Eli Lilly and Co on Wednesday said it will cut list prices by 70% for its most commonly prescribed insulin products, Humalog and Humulin, beginning fro[...]
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Lawsuit dismissed over McDonald’s board’s severance pay to fired CEO
By Tom Hals WILMINGTON, Delaware (Reuters) -McDonald’s Corp’s board cannot be sued for allowing former CEO Steve Easterbrook to keep tens of millions of dollars when the restaurant chain f[...]
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Oil settled up as rising supplies face Chinese demand hopes
By Laura Sanicola (Reuters) -Oil prices settled up slightly on Wednesday as signs of ample supply, including growing U.S. crude inventories, offset growing hopes for higher demand after a jump in manu[...]
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Alphabet’s Waymo cuts more than 100 jobs in second round of layoffs
(Reuters) -Alphabet Inc’s self-driving technology unit, Waymo, laid off 137 employees, in its second round of job cuts this year, the firm told Reuters on Wednesday, bringing total cuts for the[...]
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Kohl’s CEO pitches retailer’s turnaround efforts after surprise loss
By Uday Sampath Kumar (Reuters) -Kohl’s Corp new chief executive said on Wednesday it would “take some time” to turn around the business and reduce reliance on margins-sapping discou[...]
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Biden aims billions in taxpayer money at companies’ labor, supply practices
By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden is using $1.5 trillion in new federal spending to continue his push to reshape the U.S. economy, redirect corporate profits and r[...]
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