By Milana Vinn (Reuters) – Buyout firms Silver Lake and Bain Capital are among the potential suitors that are likely to compete to acquire a minority stake in Altera, the programmable chips business that Intel acquired for nearly $17 billion […]
(Reuters) -KPMG will lay off less than 4%, or about 330 people, of its audit workforce in the United States, a source familiar with the matter said on Monday. Besides KPMG, Ernst & Young, Deloitte, PricewaterhouseCoopers make up the Big
KPMG to lay off less than 4% of US audit workforce, source says Read More »
LONDON (Reuters) – British lawmakers could question executives of online fast-fashion group Shein on workers’ rights as early as January, ahead of a possible London listing, according to the head of a parliamentary committee. The House of Commons’ Business and
UK lawmakers could question Shein over workers’ rights early next year Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Bond investors are keeping a defensive but neutral stance in managing portfolios ahead of this week’s Federal Reserve policy meeting, which is being eclipsed by the too-close-to-call U.S. presidential election. Investors widely expect
Bond investors minimize bets as US election overshadows Fed meeting Read More »
(Reuters) – Fox Corp beat Wall Street expectations for first-quarter revenue on Monday, as the media company benefited from higher advertising revenue from its streaming service ahead of the U.S. presidential election. Shares of the company rose over 3.5% in
Fox Corp beats revenue estimates on robust political advertising Read More »
(Reuters) -New York Times posted fewer-than-expected digital subscribers for the third quarter as readers cut back on spending in an uncertain economy, offsetting strong growth in advertising sales. The company added 260,000 digital-only subscribers, compared with 300,000 additions in the
New York Times adds fewer digital subscribers as spending tightens Read More »
(Reuters) – U.S. equity funds saw substantial outflows in the week to Oct. 30 as investors exercised caution ahead of Tuesday’s presidential election and a Federal Reserve policy decision on Wednesday. According to LSEG data, investors divested a net $5.83
US equity funds record biggest weekly outflow in five weeks Read More »
(Reuters) – Hotel operator Marriott International cut its forecast for 2024 earnings on Monday, as domestic travel demand in the U.S. and China remains weak. It expects full-year adjusted profit of between $9.19 to $9.27 per share, compared with the
Marriott lowers 2024 profit forecast as US, China domestic tourism drags Read More »
(Reuters) – Investors withdrew money from global equity funds in the week ended Oct. 30, amid caution ahead of Tuesday’s U.S. presidential election and the Federal Reserve’s policy decision later in the week. Investors pulled a net $2.65 billion from
By Foo Yun Chee and Sudip Kar-Gupta BRUSSELS (Reuters) – EU antitrust regulators will assess whether Apple’s operating system for iPads comply with the bloc’s landmark rules aimed at reining in the power of Big Tech, the European Commission said
EU to assess if Apple’s iPad OS complies with bloc’s tech rules Read More »
