By Manya Saini (Reuters) -Bank of New York Mellon Corp is planning to cut around 3% of its workforce this…
Fed says surging interest costs cut what it handed back to Treasury in 2022
By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve said Friday that it handed back substantially less money to…
Lufthansa seen as ready to bid for ITA Airways stake, sources say
By Angelo Amante and Giuseppe Fonte ROME (Reuters) – A bid from German carrier Lufthansa for ITA Airways could come…
Factbox-Tesla cuts prices globally in a bid to spur demand
(Reuters) – Tesla Inc has slashed prices of its electric vehicles in the United States and Europe, doubling down on…
European stocks clock second straight weekly gain
By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) – European shares closed near a nine-month high on Friday, supported by…
U.S. senators press Southwest to answer questions on holiday meltdown
By David Shepardson WASHINGTON (Reuters) – A group of 15 U.S. senators on Friday demanded Southwest Airlines Chief Executive Bob…
Delta forecasts weak first-quarter profit on higher costs
By Rajesh Kumar Singh CHICAGO (Reuters) – Delta Air Lines Inc on Friday forecast first-quarter profit below Wall Street’s estimates…
U.S. near-term consumer inflation expectations lowest in nearly two years
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumers are becoming more confident that price pressures will ease considerably over the…
Bank of America profit tops estimates as higher rates boost income
By Manya Saini and Lananh Nguyen (Reuters) -Bank of America Corp reported a bigger-than-expected fourth-quarter profit on Friday, helped by…
Factbox-Global banks cut jobs as cost pressures mount
LONDON (Reuters) – Global banks are in the process of cutting over 6,000 jobs as profits at lucrative investment banking…