Mainly Cloudy 38°. Wind: SE 3 mph.
Loading advertisement…
Trending: US regulators approve Wegovy pill for weight loss
HomeNewsNationalBusiness ( Page 270)

Business

Subscribe to the Business News Feed.
SHARE NOW
by

CSX railroad replaces CEO after investor pressure and poor performance as Union Pacific merger looms

CSX railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed transcontinental Union Pacific railroad or fire outgoing CEO Joe Hinrichs. The ...
by

Canada announces C$400 million financial aid for Algoma Steel

OTTAWA (Reuters) -Canada’s government is to provide C$400 million ($287.13 million) in financial support for Algoma Steel under its large enterprise tariff relief scheme, Jobs Minister Patty Hajdu said on Monday. The company has been one of the large steel enterprises worst hit by the ...
by

Carnival raises annual profit forecast on resilient cruise demand

By Neil J Kanatt (Reuters) -Carnival Corp raised its annual forecast for profit, betting on strong demand as well as ticket pricing for its cruise vacations, even as macroeconomic uncertainties cast a shadow on consumer spending. Cruise operators, including Carnival and rival Royal Caribbean Group, have ...
by

Gold miner Newmont names Natascha Viljoen its first female CEO

By Vallari Srivastava (Reuters) -Newmont on Monday named Natascha Viljoen as its first female CEO, succeeding Tom Palmer, at a time when the gold mining sector tries to cope with a slew of challenges, even as the precious metal hits a series of new ...
by

A drug made from marijuana reduced back pain in a large study

WASHINGTON (AP) — An experimental medication made from marijuana successfully reduced back pain in a new study, offering further support for the drug’s potential in treating one of the most common forms of chronic pain. The 800-patient study by a German drugmaker is the latest ...
by

CSX appoints Steve Angel as CEO amid activist pressure

(Reuters) -CSX Corp on Monday has appointed Steve Angel as its top boss, replacing Joe Hinrichs, as the railroad operator fends off pressure from an activist investor while facing industry consolidation. Shares of the company rose about 3% in premarket trade. Angel succeeds Joe Hinrichs, ...
Loading advertisement…
by

US pending home sales rebound in August amid low mortgage rates

WASHINGTON (Reuters) -Sales of previously owned U.S. homes increased solidly in August as lower mortgage rates pulled buyers back into the market, though a softening labor market could curb further gains. The National Association of Realtors said on Monday pending home sales, based on signed ...
by

Video gamer Electronic Arts to be acquired for $52.5 billion in largest-ever private equity buyout

Electronic Arts, maker of video games like “Madden NFL,” “Battlefield,” and “The Sims,” is being acquired for $52.5 billion in what could become the largest-ever buyout funded by private-equity firms. The private equity firm Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity ...
by

DoorDash and Kroger are expanding their grocery delivery partnership

DoorDash and Kroger are expanding their grocery delivery partnership. Starting Oct. 1, DoorDash will offer delivery from Kroger’s 2,700 U.S. stores, both companies said Monday. San Francisco-based DoorDash, which is the largest U.S. delivery provider, launched grocery delivery in 2020 with a handful of partners, ...
by

One Tech Tip: OpenAI adds parental controls to ChatGPT for teen safety

LONDON (AP) — OpenAI said Monday it’s adding parental controls to ChatGPT that are designed to provide teen users of the popular platform with a safer and more “age-appropriate” experience. The company is taking action after AI chatbot safety for young users has hit ...
by

Stellantis has cut 10,000 Italy jobs in four years, union reports

MILAN (Reuters) -Stellantis has slashed nearly 10,000 jobs in Italy in the past four years, while vehicle production, including vans and small trucks, more than halved since 2004, the Fiom-Cgil union reported on Monday. Stellantis includes Italian brands Fiat, Lancia and Alfa Romeo, which significantly ...
by

Comcast names Michael Cavanagh as co-CEO

(Reuters) -Comcast on Monday named Michael Cavanagh as co-chief executive officer of the company, effective January. Cavanagh, who joined the company in 2015 as finance chief, will serve alongside Brian Roberts, who will continue as chairman and co-CEO.  He currently serves as president of Comcast and ...
First Previous266267268269270271272273274Next Last