By Manya Saini, Niket Nishant and Lananh Nguyen (Reuters) -Several U.S. banks reported a plunge in fourth-quarter profits on Thursday, hurt by a drop in interest income and charges tied to replenishin[...]
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January 18, 2024
EU antitrust regulator intends to block Amazon’s iRobot acquisition – WSJ
(Reuters) -The European Union’s competition watchdog plans to block Amazon.com’s $1.4 billion acquisition of robot vacuum maker iRobot, The Wall Street Journal said on Thursday, citing peo[...]
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US regional banks get solid welcome for new bonds
By Matt Tracy (Reuters) – Two major U.S. regional banks raised a total $4.75 billion selling bonds on Thursday, on the back of strong demand in a sign that fixed income investors are no longer j[...]
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Macy’s to slash 2,350 jobs, close stores in streamlining effort
(Reuters) – U.S. department store chain Macy’s is cutting 2,350 jobs and closing five stores, as it aims to streamline its operations, a company spokesperson told Reuters on Thursday. The[...]
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Marketmind: Bulls bank on Japan inflation cooling further
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The number one focus for investors in Asia on Friday will be the latest Japanese consumer inflation figures, with markets[...]
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JPMorgan CEO Jamie Dimon’s pay rises 4% for 2023
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase CEO Jamie Dimon’s compensation climbed about 4.3% to $36 million for 2023, the bank said on Thursday. The head of the largest U.S. lender was pa[...]
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Coatings maker PPG Industries beats fourth-quarter profit estimates
(Reuters) – PPG Industries beat Wall Street estimates for fourth-quarter profit on Thursday, as the industrial coatings maker benefited from increased sales of vehicles as well as strength in it[...]
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Amazon lays off about 5% of workforce at Buy with Prime unit
(Reuters) – Amazon.com said on Thursday it is laying off fewer than 5% of employees at its Buy with Prime unit. Launched in 2022, Buy with Prime gives retailers, who are not Amazon merchants, fu[...]
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NYSE pulls plan for environmentally sustainable asset class
(Reuters) – The New York Stock Exchange (NYSE) has withdrawn from the Securities and Exchange Commission a proposal to create a new tradeable asset class called “natural asset companies[...]
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