Reuters UK Business

By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge fund Greenlight Capital said it took a new stake in Twitter last month as the social media company sued to force Elon Musk to buy the company even as the billionaire entrepreneur said he has changed his mind about the deal. Greenlight founder David Einhorn wrote to investors …

Einhorn’s Greenlight takes stake in Twitter – letter Read More »

(Reuters) – Oracle Corp has started to lay off employees in the United States, The Information said on Monday, citing a person with direct knowledge of the matter. The publication in July reported that Oracle was considering cutting thousands of jobs in its global workforce after targeting cost cuts of up to $1 billion. https://bit.ly/3OVYkoq …

Oracle starts job cuts in U.S. – The Information Read More »

By Dietrich Knauth (Reuters) – Revlon Inc received a U.S. bankruptcy judge’s permission on Monday to proceed with a $1.4 billion loan, over an objection by junior creditors who argued that its onerous terms could block their chance to recover anything from the cosmetic company’s bankruptcy. U.S. Bankruptcy Judge David Jones in Manhattan ordered modifications …

Revlon gets court approval for $1.4 billion bankruptcy loan Read More »

By Catarina Demony and Patricia Vicente Rua LISBON (Reuters) – Portugal’s civil aviation workers on Monday threatened to go on a three-day strike in late August, accusing the conglomerate that operates the country’s biggest airports of failing to increase wages and provide better working conditions. The strike threat by Portugal’s Civil Aviation Workers’ Union (SINTAC) …

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(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – VTB will replace the head of its brokerage unit, Russia’s second-largest lender said on Monday, as it faces clients’ discontent over losses incurred because of Western sanctions. The state-run bank said Andrey Yatskov will replace …

Russia’s VTB brokerage head leaves amid clients’ dismay Read More »

(Reuters) – French plant-based food company Bonduelle on Monday missed its target for annual revenue growth as income from its ready-to-eat business in the Americas declined significantly. The group, which provides canned, frozen and fresh processed vegetables, as well as ready-to-eat dishes, reported sales of 2.89 billion euros ($2.97 billion) for its financial year that …

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By Isla Binnie and Christoph Steitz MADRID/FRANKFURT (Reuters) – Wind turbine maker Siemens Gamesa is considering cutting around 2,500 jobs, or about 9% of its total, to recover from losses that have prompted its main shareholder to launch a takeover, two people familiar with the matter told Reuters. The cuts would reduce a workforce of …

Exclusive-Siemens Gamesa weighs around 2,500 job cuts – sources Read More »