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Bed Bath & Beyond’s road to potential bankruptcy
(Reuters) - From a failed merchandising strategy to activist investor pressure over overpayed executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the last few years. The company...
Syndicated Content Jan 05, 2023
U.S. securities regulator probes FTX investors’ due diligence -sources
By Chris Prentice NEW YORK (Reuters) - The U.S. Securities and Exchange Commission (SEC) is seeking details about FTX investors' due diligence, according to two sources familiar with the inquiry, as f...
Syndicated Content Jan 05, 2023
Sony Honda Mobility weighs future IPO for electric vehicle joint venture
By Dawn Chmielewski (Reuters) -Sony and Honda's year-old electric vehicle joint venture is in early discussions about a potential stock offering as a way to raise cash, the chairman of Sony Honda Mobi...
Syndicated Content Jan 05, 2023
Biden says U.S. economy headed to ‘new plateau,’ amid recession fears
By Andrea Shalal WASHINGTON (Reuters) - President Joe Biden said on Thursday the U.S. economy was seeing "really bright spots" after a rough few years, and was headed to a "new plateau," a new term fo...
Syndicated Content Jan 05, 2023
China property set for modest demand recovery in 2023 on policy support
By Clare Jim, Xie Yu and Rae Wee HONG KONG (Reuters) - China's deeply troubled property sector is set to see home sales fall for the second straight year in 2023, but the pace of declines will ease th...
Syndicated Content Jan 05, 2023
Carmaker Stellantis creates new data services business
(Reuters) - Carmaker Stellantis said on Thursday it was establishing a new business unit to help expand its data services business, part of its plans to boost revenue from software-related activities ...
Syndicated Content Jan 05, 2023
Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit
By Hannah Lang (Reuters) - The crypto industry's woes continued on Thursday as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices and high-prof...
Syndicated Content Jan 05, 2023
U.S. authorities probe FTX engineer Singh -Bloomberg News
(Reuters) - U.S. authorities are investigating the chief engineer of bankrupt crypto exchange FTX, Nishad Singh, ratcheting up pressure on founder Sam Bankman-Fried's inner circle, Bloomberg News repo...
Syndicated Content Jan 05, 2023
Who is Alex Mashinsky, the man behind the alleged Celsius crypto fraud?
By John McCrank and Hannah Lang (Reuters) - Alex Mashinsky, a co-founder of bankrupt crypto lender Celsius Network who prosecutors allege bilked investors out of billions, is a serial entrepreneur who...
Syndicated Content Jan 05, 2023
Stellantis CEO delivers a technology statement with a Ram truck
By Joseph White LAS VEGAS (Reuters) - Stellantis NV on Thursday unveiled a prototype of an electric Ram pickup at the CES technology show, part of the effort by Chief Executive Carlos Tavares to show ...
Syndicated Content Jan 05, 2023
Peoria, IL, USA
38 °F Partly cloudy
