By Siddharth Cavale NEW YORK (Reuters) -U.S. retailers will hire the lowest number of seasonal workers for this holiday season since 2008, due to increased labor costs and shaky consumer confidence, a[...]
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September 15, 2023
California pensions investment chief steps down less than 2 years into job
By Isla Binnie NEW YORK (Reuters) -The Chief Investment Officer of the largest U.S. state pension manager, the California Public Employees Retirement System (CalPERS), will step down on Sept. 29, CalP[...]
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Delta Air assessing hit from RTX engine issues but sees little near-term pain
By Mehr Bedi (Reuters) – Delta Air Lines said on Thursday in the near term it is expecting a minimal hit from recently disclosed quality issues with RTX’s Pratt & Whitney engines but a[...]
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Mercedes-Benz threatened with recalls of Euro 6 cars over defeat devices
BERLIN (Reuters) – Mercedes-Benz could face another wave of recalls after German transport authority KBA deemed inadmissible defeat devices installed in some of its vehicles, in a letter leaked[...]
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GM expects to be forced to idle Kansas auto plant next week
(Reuters) – General Motors said on Friday it expects to be forced to idle operations at its Kansas assembly plant next week after the United Auto Workers union struck a nearby Missouri plant ear[...]
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Factbox-Wall Street banks shed jobs to ease cost pressures
(Reuters) – Banking heavyweights including Goldman Sachs and Morgan Stanley have announced a string of layoffs this year as part of a cost-cutting spree to better position themselves for a murky[...]
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Oil gains for third straight week on tight supply, China optimism
By Shariq Khan BENGALURU (Reuters) – Oil prices hit a 10-month high on Friday and posted a third weekly gain as supply tightness spearheaded by Saudi Arabian production cuts combined with optimi[...]
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US factory production up slightly ahead of auto strike; inflation slowing
By Lucia Mutikani WASHINGTON (Reuters) – U.S. manufacturing output barely rose in August amid a decline in motor vehicle production, and activity could contract in the months ahead after the Uni[...]
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Former Wells Fargo executive avoids prison in fake-accounts scandal
By Chris Prentice and Jonathan Stempel (Reuters) – The former head of Wells Fargo’s retail bank on Friday avoided prison time after pleading guilty to an obstruction charge related to the[...]
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