(Reuters) – Crypto exchange FTX filed for U.S. bankruptcy on Friday and Sam Bankman-Fried stepped down as CEO, after a…
Nearly half of Meta job cuts were in tech, reorg underway – execs say
By Paresh Dave OAKLAND, Calif. (Reuters) -Facebook owner Meta Platforms told employees on Friday that it would stop developing smart…
Disney plans to freeze hiring and cut some jobs, memo shows
(Reuters) -Walt Disney Co is planning to freeze hiring and cut some jobs as it strives to move the Disney+…
Ex-Goldman banker Ng, convicted in 1MDB case, sues ex-boss Leissner for $130 million
By Jonathan Stempel NEW YORK (Reuters) – Roger Ng, the former Goldman Sachs banker convicted for helping loot Malaysia’s 1MDB…
US West faces power reliability issues from growing use of renewables
(Reuters) – A group responsible for power market reliability in Western North America said the growing use of renewable generation…
Australian telecom firms fined $22.1 million for false internet speed claims
(Reuters) -Three Australian telecom companies have been ordered by a court to pay a collective A$33.5 million ($22.08 million) in…
Elizabeth Holmes seeks to avoid prison for Theranos fraud
By Jonathan Stempel and Jody Godoy (Reuters) -Elizabeth Holmes urged a U.S. judge not to send her to prison, as…
Chad agrees debt plan with creditors, including Glencore
By Mahamat Ramadane N’DJAMENA (Reuters) -Chad has reached an agreement with its creditors, including Swiss commodities trader Glencore, paving the…
Stocks rally as Fed rate hopes dent dollar
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – Global stocks rallied on Friday for a second day on…
Exclusive-Credit Suisse overhaul draws scrutiny from some investors, proxy adviser over governance
By Pamela Barbaglia, Oliver Hirt and Michael Shields LONDON/ZURICH (Reuters) -Credit Suisse’s recent decision to exit certain investment banking activities…