Wall Street Banks Prepare to Sell Billions of Dollars of X Loans
Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.
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Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service
The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.
Amazon Willing to Discuss Quebec Shutdown With Canadian Officials
Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.
Target Drops DEI Goals and Ends Program to Boost Black Suppliers
Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.
Energy & Utilities Roundup: Market Talk
Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.
Basic Materials Roundup: Market Talk
Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.
Auto & Transport Roundup: Market Talk
Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.
Financial Services Roundup: Market Talk
Find insight on Banca Monte dei Paschi di Siena’s bid for Mediobanca, Travelers and more in the latest Market Talks covering financial services.
Novo Nordisk Shares Surge on New Obesity Drug Results
Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.
EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy
The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.
Google to Put Warnings on U.K. Businesses Using Fake Online Reviews
The search giant has offered to start punishing British businesses that boost their star ratings with fake reviews and the people that post them, ending the U.K. competition watchdog’s investigation into online reviews.
Ericsson Shares Slump as Earnings Hit by Weakness Outside of Core Networks Business
The company’s shares fell to the bottom of the Stoxx Europe 600 index as higher operating costs and weakness in some of its business units dented earnings.
Verizon Results Boosted by Higher Prices, Gain in Wireless Customers
The New York telecommunications giant’s quarterly earnings beat Wall Street forecasts as higher prices helped to boost revenue.
If You Need to Escape a Wildfire in an EV, Here Is What to Know
Driving an electric car in a wildfire emergency has its own unique challenges and benefits.
CaixaBank's CFO Sees Case for Dealmaking Among Europe's Banks
Growth through acquisitions isn’t part of CaixaBank’s latest three-year plan, it should be for other banks in Europe, Caixa’s finance chief Javier Pano said in an interview.
Tesla to Recall Cars in China on Safety Concerns
Tesla China plans to fix 1.2 million China-made and imported vehicles with software issues.
Korea Zinc Shares Rally After Adopting New Investor Protection Rules
Korea Zinc’s shares rose sharply a day after the world’s leading zinc smelter decided to adopt new rules that management said would bolster minority shareholders’ rights.
Burberry Sees Positive Signs as Turnaround Plan Continues
The company upgraded its earnings outlook as sales returned to growth in the Americas, saying efforts to revamp its brand showed positive signs over the key holiday period.
Rolls-Royce Strikes Contract to Supply Nuclear Reactors for U.K. Submarines
Rolls-Royce will manufacture nuclear reactors to power new U.K. submarines under a contract valued approximately at $11.1 billion.
China's WeRide Wants to Build Global Robotaxi Empire
The Chinese autonomous-driving company is aiming to make more inroads overseas this year, betting that robotaxis and related services will be in high demand in coming years.