By Sheila Dang (Reuters) -Elon Musk said Twitter Inc is now on track to be “roughly cash flow break-even” next…
Dealmakers brace for slow 2023 recovery after global M&A sinks
By Anirban Sen and Pamela Barbaglia NEW YORK/LONDON (Reuters) -Merger and acquisition (M&A) activity globally fell well short of the…
Oil prices rise over $2 on drawdown in U.S. crude stocks
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose by more than $2 a barrel on Wednesday after data showed a…
Yen retreats after BOJ policy tweak sparked surge
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The yen fell in a choppy session on Wednesday, ceding some of the…
FedEx cost cuts stanch losses, analysts see need for more
LOS ANGELES (Reuters) – FedEx’s plan to slash almost $4 billion in expenses has begun sheltering profits, but analysts say…
Philips says tests on recalled products show limited health risks
By Bart H. Meijer AMSTERDAM (Reuters) -Dutch health technology company Philips said on Wednesday independent tests on its respiratory devices…
Italy to cap Monte dei Paschi CEO’s annual pay at 240,000 euros
MILAN (Reuters) -Italy is preparing to cap at 240,000 euros ($254,496) the yearly pay of top executives hired from 2023…
U.S. existing home sales fall for 10th straight month in November
WASHINGTON (Reuters) – U.S. existing home sales slumped to a 2-1/2 year low in November as the housing market continued…
U.S. consumer confidence rebounds; existing home sales sink
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence rose to an eight-month high in December as inflation retreated and…
Musk to step down as Twitter CEO once he finds ‘someone foolish’ enough as successor
(Reuters) – Billionaire Elon Musk said on Tuesday he will step down as chief executive of Twitter Inc once he…