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Bed Bath & Beyond exploring options including bankruptcy, shares fall 13%
(Reuters) -Bed Bath & Beyond Inc said on Thursday it was exploring options including a bankruptcy filing to address the U.S. home goods retailer's plunging sales, dwindling cash and debt load. The com...
Syndicated Content Jan 05, 2023
Tesla, EV rivals absorb costs after China pulls plug on subsidy
SHANGHAI (Reuters) - China's decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including Tesla, to deepen discounts to maintain sales as demand ease...
Syndicated Content Jan 05, 2023
Google set to challenge India Android antitrust ruling at Supreme Court-source
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) - Google is preparing to approach India's Supreme Court within days to try to block a ruling by the country's antitrust watchdog that will force the ...
Syndicated Content Jan 05, 2023
Walgreens posts loss on $6.5 billion opioid litigation charge
(Reuters) - Drugstore chain Walgreens Boots Alliance Inc reported a net quarterly loss on Thursday as it took a $6.5 billion opioid litigation charge, sending its shares down nearly 2% in premarket tr...
Syndicated Content Jan 05, 2023
Heavy discounts drive record U.S. online holiday spending – report
(Reuters) - U.S. online spending during the 2022 holiday season rose by a better-than-expected 3.5%, a report by Adobe Analytics showed, as retailers used hefty discounts to lure inflation-weary consu...
Syndicated Content Jan 05, 2023
Tech firms lead companies with most December job cuts -report
By Michael S. Derby NEW YORK (Reuters) - American technology firms dominated the number of announced job cuts in December, as some employers downsized workforces to brace for the prospect of difficult...
Syndicated Content Jan 05, 2023
Kenya will not default on its debt payments -President Ruto
NAIROBI (Reuters) - Kenya will not default on its debt and plans to ramp up tax collection in the next two years, President William Ruto said on Wednesday. Ruto's government, which took over in Septem...
Syndicated Content Jan 05, 2023
Silvergate Capital’s crypto-related deposits plunge in fourth quarter
(Reuters) - Silvergate Capital Corp's crypto-related deposits plummeted in the fourth quarter, according to a preliminary earnings report on Thursday, as souring crypto sentiment following the collaps...
Syndicated Content Jan 05, 2023
Futures muted as Fed minutes confirm more tightening ahead
(Reuters) - U.S. stock index futures were muted on Thursday after the Federal Reserve's December meeting minutes showed the central bank's commitment to taming inflation, with focus turning to key emp...
Syndicated Content Jan 05, 2023
China has a 10,000 euro cost advantage in small EVs, auto supplier says
By Joseph White LAS VEGAS (Reuters) - Chinese automakers can build an electric vehicle (EV) for 10,000 euros ($10,618) less than European automakers, an overwhelming cost advantage that will put press...
Syndicated Content Jan 05, 2023
Peoria, IL, USA
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