(Reuters) – Burger chain McDonald’s Corp is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restr[...]
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NEWSLETTER
Kraft Heinz agrees to sell Russian baby food business
MOSCOW (Reuters) -Kraft Heinz has agreed to sell its baby food business in Russia to local drinks and snacks maker Chernogolovka, the U.S. food giant said on Friday, as domestic firms continue to capi[...]
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S.Korea, Taiwan chipmakers express concern about US subsidy criteria
By Joyce Lee and Ben Blanchard SEOUL/TAIPEI (Reuters) – The criteria for new U.S. semiconductor subsidies is worrying companies such as Samsung Electronics Co Ltd and SK Hynix Inc, South Korean[...]
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FDIC hires Newmark Group to sell billions of Signature Bank debt – source
By Manya Saini (Reuters) -The Federal Deposit Insurance Corp (FDIC) has hired Newmark Group Inc to sell about $60 billion of failed lender Signature Bank’s loans, a person familiar with the matt[...]
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U.S. agency opens probe into 50,000 Tesla Model X vehicles over front seat belts
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said Tuesday they are opening a probe into 50,000 Tesla Model X vehicles after receiving two complaints reporting front seat belt[...]
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Wall St equities gain, Treasury yields rise as bank worries ease
By Sinéad Carew NEW YORK (Reuters) – Wall Street equities gained and U.S. Treasury yields rose on Monday as investor concerns about the financial system were calmed after First Citizens BancShar[...]
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Oil steadies after dipping on China outlook; investors await Fed clues
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were steady on Monday as top oil executives debated supply tightness at an oil conference in Houston. Oil market and logistics are tight and vulnerab[...]
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Nokia Changes Iconic Logo to Signal Strategy Shift
By Supantha Mukherjee BARCELONA (Reuters) – Nokia announced plans on Sunday to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment[...]
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U.S. Travel Companies Experience High Demand but Economic Worries Cloud Outlook
By Doyinsola Oladipo NEW YORK (Reuters) – Fears of recession and the impact of inflation on consumer budgets could curb a rebound in travel demand reported by U.S. travel companies in the fourth[...]
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