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…
Carnival Corp posts smaller loss as it tightens control on costs
(Reuters) -Carnival Corp on Wednesday posted a smaller-than-expected quarterly loss as the cruise operator kept a tight lid on operating…
Hedge fund Citadel expects to return $7 billion in profits to clients – source
By Carolina Mandl (Reuters) – Hedge fund Citadel expects to return about $7 billion in profits to its investors in…
Pace of new climate, sustainable business rules will not let up
By Simon Jessop and Huw Jones LONDON (Reuters) – The past year was the busiest ever for climate and sustainability…
H&M agrees to pay a 500 euro bonus to 4,000 workers in January
MADRID (Reuters) -Swedish fashion retailer H&M will pay a 500 euro ($530) bonus to some 4,000 shop workers in Spain…