Category Archives:
Citigroup swings to $1.8 billion loss on slew of charges
By Tatiana Bautzer and Manya Saini -Citigroup on Friday reported a $1.8 billion loss for the fourth quarter as it recorded charges to refill a government deposit insurance fund and carry out a sweepin...
Jan 12, 2024
Exclusive-EU antitrust regulators set to okay Korean Air-Asiana deal, sources say
BRUSSELS (Reuters) - EU antitrust regulators are set to clear Korean Air's proposed acquisition of Asiana Airlines after the companies pledged to sell the latter's cargo unit and divest routes to four...
Jan 12, 2024
Citigroup sees headcount dropping 20,000 by 2026
(Reuters) - Citigroup's Chief Financial Officer Mark Mason said on Friday the bank expects its headcount to be down roughly 20,000 by 2026. The third-largest U.S. bank reported a $1.8 billion loss for...
Jan 12, 2024
IRS chief says government shutdown would likely disrupt US tax filing season
By David Lawder WASHINGTON (Reuters) - A U.S. federal government shutdown in coming weeks would likely disrupt the soon-to-start tax filing season for 2023 income, the head of the Internal Revenue Ser...
Jan 12, 2024
A mix of rain and snow Friday, followed by frigid temperatures this weekend
PEORIA, Ill. - We'll see a virtual potpourri of winter weather heading into the weekend. 25 News First Alert Chief Meteorologist Chuck Collins says rain will move in and continue into early Friday aft...
Jan 12, 2024
ECB rate cuts not a near-term topic, Lane says
DUBLIN (Reuters) - Recent inflation data broadly confirmed current thinking at the European Central Bank, meaning interest rate cuts are not a near-term topic of debate, chief ECB economist Philip Lan...
Jan 12, 2024
SEC charges Morgan Stanley, former exec Passi with fraud in block trading business
WASHINGTON (Reuters) - The Securities and Exchanges Commission on Friday charged Morgan Stanley & Co and former executive Pawan Passi with fraud involving the disclosure of confidential information ab...
Jan 12, 2024
Volvo Cars pauses production in Belgium due to Red Sea situation
STOCKHOLM (Reuters) - Volvo Cars, which is majority-owned by China's Geely, will next week pause output at its plant in Gent in Belgium for three days due to delays caused by the security situation in...
Jan 12, 2024
FAA to boost oversight of Boeing, sees more manufacturing issues
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) said Friday it will significantly increase oversight of Boeing production and manufacturing, conducting a new audit ...
Jan 12, 2024
India's retail inflation rises to four-month high in December on higher food prices
By Nikunj Ohri NEW DELHI (Reuters) -India's annual retail inflation rose at the fastest pace in four months in December, driven by a rise in prices of some food items, raising expectations that the ce...
Jan 12, 2024
