By Allison Lampert and Abhijith Ganapavaram (Reuters) -Boeing’s safety culture and manufacturing quality, both at the center of a corporate crisis following a January mid-air panel blowout on a[...]
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April 18, 2024
Adam Neumann moves to buy back WeWork as it seeks funds to exit bankruptcy, FT reports
(Reuters) – WeWork Inc founder Adam Neumann has made a fresh push to buy back the firm even as it seeks hundreds of millions of dollars to emerge from bankruptcy and avoid a sale, FT reported on[...]
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Morning Bid: Tech, FX clouds clear
A look at the day ahead in European and global markets from Kevin Buckland Some respite for Asian stock markets may bode well for the European open, in what has so far been a week to forget for world[...]
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Toyota recalls Prius cars due to door handle fault
(This April 17 story has been officially corrected after Toyota clarified it incorrectly stated customer orders for the Prius model had been suspended, in the the headline and paragraph 1) TOKYO (Reut[...]
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Walmart-backed Ibotta targets up to $2.7 billion valuation in US IPO
(Reuters) – Walmart-backed digital marketing company Ibotta will likely raise $577.3 million at a valuation of $2.67 billion, after pricing its initial public offering on Wednesday. It plans to[...]
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Oracle to invest over $8 billion in Japan in cloud computing, AI
(Reuters) -Oracle said on Wednesday it will invest more than $8 billion over the next 10 years to meet demand for cloud computing and AI infrastructure in Japan. The latest investment will grow the fo[...]
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Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown
(This April 16 story has been refiled to correct the grammar in paragraph 6) HONG KONG (Reuters) – Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific regio[...]
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Australia March employment unexpectedly falls 6,600, jobless rate ticks up to 3.8%
SYDNEY (Reuters) – Australian employment fell in March after an enormous gain the month before while the jobless rate resumed its uptrend, a sign that the hot labour market was still on track to[...]
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S.Korea market watchdog urges companies to listen carefully to shareholders
SEOUL (Reuters) – South Korea’s financial watchdog chief said on Thursday companies should pay more attention to shareholder voices, as the government seeks to boost the domestic stock mar[...]
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