Category Archives:
China Kunlun Tech subsidiary set for AI firm stake buy, $400 million capital boost
(Reuters) - Kunlun Tech is planning a $400 million capital boost for a subsidiary expected to buy a stake in an artificial intelligence firm via a share issue, as Chinese tech firms ramp up efforts to...
Jun 14, 2023
Canada’s Bell to cut 1,300 jobs, close six radio stations
(Reuters) -Canada's Bell, a unit of BCE Inc, said on Wednesday it would cut 1,300 jobs and close six radio stations in a bid to rein in costs. Most of the layoffs would affect management and the compa...
Jun 14, 2023
BlackRock CEO Fink says he does not plan to leave the firm ‘any time soon’
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) - BlackRock Inc chairman and Chief Executive Officer Larry Fink said on Wednesday he is not planning to leave the world's biggest asset manage...
Jun 14, 2023
CFPB ‘open banking’ proposal due in October: official
(Reuters) - The Consumer Financial Protection Bureau, the top U.S. agency supervising the retail financial services sector, is due to propose in October a long-awaited rule on consumers' control of th...
Jun 14, 2023
US banks have strengthened liquidity after spring turmoil but must remain vigilant -regulator
By Pete Schroeder WASHINGTON (Reuters) - A top U.S. bank regulator said on Wednesday that while banks have strengthened their liquidity after the spring banking crisis, firms must remain on guard for ...
Jun 14, 2023
Vodafone CEO secures early win, but long road ahead on the deal front
By Paul Sandle and Muvija M LONDON (Reuters) - Vodafone boss Margherita Della Valle has bagged her first win with a merger deal in Britain, but the time it took to get there and the tortuous road ahea...
Jun 14, 2023
Charles Schwab forecasts up to 11% drop in second-quarter revenue
(Reuters) - Brokerage Charles Schwab said on Wednesday it expects a 10% to 11% drop in its second-quarter revenue due to a contraction in net interest margins and softer trading activity. The company ...
Jun 14, 2023
U.S. House panel votes to raise commercial pilot retirement age to 67
By David Shepardson WASHINGTON (Reuters) -A U.S. House of Representatives committee on Wednesday narrowly voted to raise the mandatory commercial pilot retirement age to 67 from 65. Members of the Hou...
Jun 14, 2023
Bipartisan U.S. bill would end Section 230 immunity for generative AI
By Katie Paul (Reuters) - Two U.S. senators introduced legislation on Wednesday that would allow social media companies to be sued for spreading harmful material created with artificial intelligence. ...
Jun 14, 2023
US drug overdose deaths top 109,000 in the past year
(Corrects paragraph 2 to 108,825 overdose deaths from 107,764 for 12-month period ending January 2022) By Nandhini Srinivasan and Khushi Mandowara (Reuters) -More than 109,000 Americans died from drug...
Jun 14, 2023
Peoria, IL, USA
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