mtpix

US weekly jobless claims fall to a nine-month low; Speed ​​of productivity gains

US weekly jobless claims fall to a nine-month low; Speed ​​of productivity gains

Leave a Comment / Business / By

Weekly jobless claims drop 3,000 to 183,000 Continuing claims decreased 11,000 to 1.655 million Productivity accelerated at a 3.0% rate in the fourth quarter Unit labor costs grow at a rate of 1.1% WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits fell to a nine-month low last week, as the …

US weekly jobless claims fall to a nine-month low; Speed ​​of productivity gains Read More »

Adani Market Loss Snowball to $100 Billion in Shelved Stock Selling

Adani Market Loss Snowball to $100 Billion in Shelved Stock Selling

Leave a Comment / Business / By

NEW DELHI (Reuters) – Shares of India’s Adani Group plunged on Thursday after market turmoil forced the conglomerate to abandon a significant $2.5 billion share offer, deepening its market losses to more than $100 billion and raising concerns about the potential systemic impact. The withdrawal of Al-Adani Company (ADEL.NS) The share sale was a dramatic …

Adani Market Loss Snowball to $100 Billion in Shelved Stock Selling Read More »

Exclusive: Electric Vehicle Maker Rivian Cuts 6% of Jobs Amid Price War - Internal Memo

Exclusive: Electric Vehicle Maker Rivian Cuts 6% of Jobs Amid Price War – Internal Memo

Leave a Comment / Business / By

SAN FRANCISCO, Feb. 1 (Reuters) – Rivian Automotive Company (Revno) It is laying off 6% of its workforce in a bid to cut costs as the electric car maker, already suffering from low cash reserves and a weak economy, prepares for an industry-wide price war. In an email to employees Wednesday announcing the job cuts, …

Exclusive: Electric Vehicle Maker Rivian Cuts 6% of Jobs Amid Price War – Internal Memo Read More »

India's Adani has been criticized for losing $45 billion in shares, which has clouded a record share sale.

Adani forgoes selling shares worth $2.5 billion in a huge blow to the Indian businessman

Leave a Comment / Business / By

NEW DELHI (Reuters) – Gautam Adani’s parent company canceled the sale of its $2.5 billion shares in a dramatic reversal on Wednesday after criticism of short sellers in the United States wiped billions more from the value of the Indian tycoon’s shares. The withdrawal of Al-Adani Company (ADEL.NS) The share offer is a stunning setback …

Adani forgoes selling shares worth $2.5 billion in a huge blow to the Indian businessman Read More »

Exxon will crush the profits of major western oil companies by $ 56 billion in 2022

Exxon will crush the profits of major western oil companies by $ 56 billion in 2022

Leave a Comment / Business / By

HOUSTON, Jan. 31 (Reuters) – Exxon Mobil Corporation (XOM.N) The company said on Tuesday that its net profit for 2022 amounted to $56 billion, and it made about $6.3 million per hour last year, setting not only a record for the company, but also a historic high for the western oil industry. Major oil companies …

Exxon will crush the profits of major western oil companies by $ 56 billion in 2022 Read More »

US seeks driver assistance documents from Tesla; The company raises its capital expenditure forecast

US seeks driver assistance documents from Tesla; The company raises its capital expenditure forecast

Leave a Comment / Business / By

WASHINGTON, Jan. 31 (Reuters) – Tesla Inc (TSLA.O) It revealed on Tuesday that it had received requests from the US Department of Justice for documents related to its fully autonomous driver-assistance and autopilot systems as regulatory scrutiny intensified. Reuters reported in October Tesla is under criminal investigation On claims that the company’s electric cars can …

US seeks driver assistance documents from Tesla; The company raises its capital expenditure forecast Read More »

The Norwegian Wealth Fund records record losses of $164 billion

The Norwegian Wealth Fund records record losses of $164 billion

Leave a Comment / Business / By

The loss in 2022 surpassed the previous record from 2008 Inflation and geopolitical tensions remain risk factors Record flow of funds from the oil and gas industry OSLO (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, ending a three-year streak …

The Norwegian Wealth Fund records record losses of $164 billion Read More »

The United States stops granting export licenses to the Chinese company Huawei - sources

The United States stops granting export licenses to the Chinese company Huawei – sources

Leave a Comment / Business / By

Jan. 30 (Reuters) – The Biden administration has stopped approving licenses for U.S. companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced US export restrictions on 5G items and other technologies for several years, but officials in the US Commerce Department have granted licenses to …

The United States stops granting export licenses to the Chinese company Huawei – sources Read More »

The sale of Adani's $2.5 billion shares faces a critical day after defeat

85% of Adani’s significant share sale is underwritten while institutions are injecting cash

Leave a Comment / Business / By

MUMBAI (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion sale came close to being fully subscribed on Tuesday as investors poured cash after a turbulent week for his group, in which its shares plunged due to a scathing short-selling report. Sell ​​secondary stock to Adani Enterprises (ADEL.NS) It was 85% subscribed on Tuesday, including the …

85% of Adani’s significant share sale is underwritten while institutions are injecting cash Read More »

A US court dismissed J&J's bankruptcy strategy for tens of thousands of talc lawsuits

A US court dismissed J&J’s bankruptcy strategy for tens of thousands of talc lawsuits

Leave a Comment / Business / By

Jan 30 (Reuters) – A US appeals court overturned the Johnson & Johnson trial (JNJ.N) Attempting to offload tens of thousands of lawsuits related to its talc products into bankruptcy, it ruled that the healthcare group had improperly placed a subsidiary in Chapter 11 proceedings even though it did not face financial hardship. The decision …

A US court dismissed J&J’s bankruptcy strategy for tens of thousands of talc lawsuits Read More »

Unilever has appointed former Heinz exec Schumacher as chief executive officer

Unilever has appointed former Heinz exec Schumacher as chief executive officer

Leave a Comment / Business / By

To become CEO July 1 The activist contributor says she met Schumacher when he was at Heinz First outside CEO since Paul Pullman was appointed in 2008 Unilever shares are outperforming the FTSE 100 LONDON (Reuters) – Unilever appointed Hein Schumacher on Monday to replace Alan Job as chief executive from July, a move welcomed …

Unilever has appointed former Heinz exec Schumacher as chief executive officer Read More »

Scroll to Top