(Reuters) – Rogers Communications said on Wednesday Deputy Chair Melinda Rogers-Hixon and Martha Rogers have decided to retire from the Canadian telecom giant’s board as part of a private[...]
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January 17, 2024
Trump-linked SPAC may raise up to $50 million via convertible notes, warrants
(Reuters) – Digital World Acquisition, the blank-check firm set to merge with former U.S. President Donald Trump’s media company, said in a filing it could raise up to $50 million by issui[...]
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Credit Suisse takeover is no ‘deal of the century’ but leaves UBS stronger, says CEO
By Noele Illien and Sinead Cruise ZURICH (Reuters) -UBS CEO Sergio Ermotti dismissed critics’ warning about the size of his bank’s balance sheet on Wednesday, arguing that UBS’s resc[...]
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Volvo Cars sees ‘tremendous growth’ in EVs, CEO says
By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) -Volvo Cars remains confident of “tremendous growth” in the electric vehicles market, CEO Jim Rowan told the Reuters Global[...]
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Albemarle to cut staff, pause expansions amid falling lithium prices
(Reuters) -Albemarle, the world’s largest lithium producer, said on Wednesday it will cut jobs and defer spending on a U.S. refinery project as part of a wide-ranging plan to slash costs amid fa[...]
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Spirit Airlines extends slide as blocking of JetBlue merger fuels uncertainty
By Shivansh Tiwary (Reuters) -Shares of ultra-low-cost carrier Spirit Airlines fell 17% in morning trade on Wednesday, a day after a U.S. judge blocked the airline’s planned $3.8 billion merger[...]
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US business inventories fall in November
WASHINGTON (Reuters) – U.S. business inventories fell for a second straight month in November amid declines in retail and wholesale stocks, which could see inventory investment subtracting from[...]
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Fed’s Bowman says regulators can compromise on bank capital plan with ‘substantive changes’
By Pete Schroeder WASHINGTON (Reuters) -Federal Reserve Governor Michelle Bowman said on Wednesday a proposed plan by regulators to hike bank capital requirements has shortcomings, but that she is opt[...]
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UAW members at Allison Transmission vote to ratify new four-year contract
(Reuters) – UAW members at Allison Transmission’s Indianapolis facilities voted to ratify a new labor agreement, adding to the union’s recent list of victories including record wage[...]
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