DAVOS, Switzerland (Reuters) – Cohere, a Toronto-based startup developing artificial intelligence for businesses, is in discussions with investors to raise capital in the ballpark of $500 millio[...]
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January 19, 2024
Israel seeks backing for tech startups in Davos
DAVOS, Switzerland (Reuters) – An Israeli agency came to Davos with a message for the business community, its CEO told Reuters: Israel’s start-ups are open for investment. Dror Bin, who ru[...]
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Los Angeles Times plans ‘significant’ layoffs, guild says
(Reuters) -Los Angeles Times plans to lay off a “significant” number of journalists, the newspaper’s guild said on Thursday, adding that they would organize a one-day walk-out on Fri[...]
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Citigroup lays off more bosses as CEO Fraser addresses managing directors -sources
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup CEO Jane Fraser held a conference call on Thursday with managing directors to discuss the bank’s sweeping overhaul, according to two sources fami[...]
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US equity funds see big outflows on rate-cut uncertainty, earnings caution
(Reuters) – U.S. equity funds saw large outflows in the seven days to Jan. 17 as a solid retail sales report and pushback from Federal Reserve officials tempered hopes about a policy rate cut in[...]
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Talk in Davos of ‘high for longer’ as CEOs wrestle with rates
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Business leaders and financiers in Davos this week said they are preparing for “high for longer” borrowin[...]
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ABB’s China operations under investigation by US Congress
By John Revill ZURICH (Reuters) – Swiss engineering group ABB’s operations in China are being scrutinised by two U.S. Congress committees dedicated to investigating security threats and ri[...]
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Exclusive – Spirit Airlines presses JetBlue to appeal merger block: sources
By Anirban Sen and Rajesh Kumar Singh (Reuters) – Spirit Airlines is seeking to convince JetBlue Airways to appeal a decision by a federal judge to block the tie-up between the sixth and seventh[...]
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Fire truck boom highlights divide in US manufacturing
By Timothy Aeppel (Reuters) – Anyone looking around Oshkosh’s cavernous fire truck factory in Appleton, Wisconsin, for evidence of the longest U.S. manufacturing slump in two decades could[...]
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