(Reuters) – Ratings agency Moody’s said on Thursday it had changed the direction of its rating view of New York Community Bancorp (NYCB) to “review for upgrade” from “rev[...]
Read more
March 8, 2024
Costco Wholesale misses revenue estimates on weak discretionary spending
By Aatrayee Chatterjee (Reuters) -Costco Wholesale fell short of Wall Street estimates for quarterly sales on Thursday due to tepid demand for higher margin goods, pulling its shares down 5% in extend[...]
Read more
Tesla drivers lose US class action bid in battery range cases
By Mike Scarcella (Reuters) – Tesla owners who accused it of falsely advertising estimated driving ranges for its electric vehicles must pursue their claims in individual arbitrations rather tha[...]
Read more
S&P Index Error May Have Sparked Turbulence in Morgan Stanley, Pfizer Shares, Traders
By Suzanne McGee and Tatiana Bautzer (Reuters) – An error by S&P Dow Jones Indices may have contributed to volatility in shares of Morgan Stanley, Pfizer, PNC Financial Services Group and ot[...]
Read more
Japan Inc set to offer bumper pay hikes, paving way for BOJ stimulus exit
By Tetsushi Kajimoto TOKYO (Reuters) – Big Japanese companies look set to formally offer hefty pay hikes at annual wage talks with unions that wrap up on March 13, a move that will virtually cem[...]
Read more