By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Third Point LLC owns a stake in Salesforce Inc at the…
Mattel expects 2023 profit below estimates as inflation dampens demand
By Granth Vanaik and Uday Sampath Kumar (Reuters) -Mattel Inc projected 2023 earnings below expectations on Wednesday, as stubbornly high…
Ancora secures Ritchie Bros stake, criticizes investors opposing $6 billion IAA deal
By Svea Herbst-Bayliss NEW YORK (Reuters) – Ancora Group Holdings, a key shareholder in U.S. auto retailer IAA, has accumulated…
Marketmind: Surprise surprise!
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. With little on…
U.S. senators ask Starbucks CEO to testify at March 9 hearing
By David Shepardson WASHINGTON (Reuters) -U.S. Senator Bernie Sanders, who chairs a committee on labor issues, and 10 other members…
U.S. Treasury’s Yellen: inflation remains elevated but there are encouraging signs
By David Lawder and Kanishka Singh SPRING HILL, Tenn./WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that…
U.S. probe finds no evidence of Tesla Autopilot use in 2021 Texas crash
By David Shepardson and Hyunjoo Jin WASHINGTON (Reuters) – A U.S. safety board said Wednesday found no evidence a Tesla…
BNPL lender Affirm to cut about 19% of its workforce
(Reuters) – Buy-now-pay-later lending firm Affirm Holdings Inc on Wednesday announced a restructuring plan to reduce about 500 employees, or…
New York law firm Shearman & Sterling lays off lawyers and staff
By Sara Merken (Reuters) – New York-founded law firm Shearman & Sterling said Wednesday it has laid off attorneys and…
U.S. Treasury urges financial firms to examine cloud services
By Pete Schroeder and Susan Heavey WASHINGTON (Reuters) -U.S. Treasury Department officials highlighted several challenges facing financial firms that are…