LOS ANGELES (Reuters) – FedEx’s plan to slash almost $4 billion in expenses has begun sheltering profits, but analysts say…
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…
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…
Two equity bankers lose their Morgan Stanley broker licenses – U.S. regulator
By Saeed Azhar and Chris Prentice NEW YORK (Reuters) -Two Morgan Stanley equity syndicate bankers, Pawan Passi and Charles Leisure,…
Hybrid wheat hitting U.S. fields as war, climate threaten global food supplies
By Tom Polansek and Julie Ingwersen CHICAGO (Reuters) – Global seed maker Syngenta will release a new type of wheat…
Russian mobile calls, internet seen deteriorating after Nokia, Ericsson leave
By Supantha Mukherjee and Alexander Marrow STOCKHOLM/MOSCOW (Reuters) -When telecoms gear makers Nokia and Ericsson leave Russia at the end…
Nike shares surge as inventory challenges start to abate, demand stays strong
(Reuters) -Nike Inc’s shares soared nearly 15% on Wednesday as investors shrugged off margin pressure at the sportswear giant and…