By Karl Plume CHICAGO (Reuters) -U.S. agribusiness Cargill Inc said Wednesday it is permanently laying off 80 employees in Minnesota and an undisclosed number globally in the latest wave of job cuts among agricultural companies hit by a broader farm sector slump. The layoffs, part of a plan announced last December to cut its workforce …
Cargill to lay off 80 workers in Minnesota, more globally Read More »
(Reuters) -Alaska Airlines said its website and app were down on Wednesday, days after a technology outage grounded its flights across the U.S. The airline said the latest disruption stemmed from a global outage affecting Microsoft’s Azure platform, which has impacted key systems, including its websites. The issue was being looked into, the carrier said …
Alaska Airlines says website, app down amid global Azure outage Read More »
(Reuters) -Online marketplace Etsy named insider Kruti Patel Goyal as its new chief executive officer on Wednesday, succeeding Josh Silverman, who has spent over eight years in the role. Etsy’s shares, which have gained about 40% so far this year, were down nearly 7% in early trading, after the company also forecast muted gross merchandise …
Etsy taps insider as CEO, forecasts softer core sales amid tariff woes Read More »
By Manya Saini and Tatiana Bautzer (Reuters) -Investment banking giant Morgan Stanley said on Wednesday it will buy private shares platform EquityZen, as Wall Street races to meet growing investor demand for stakes in fast-growing startups. Major financial institutions are increasingly looking beyond public markets, building capabilities to connect clients with private companies, provide liquidity …
Morgan Stanley to buy private shares platform EquityZen Read More »
NEW YORK (Reuters) -At least two U.S. judges on a panel considering whether Argentina must pay investors $16.1 billion after seizing control of state-owned oil company YPF in 2012 questioned on Wednesday whether the case belonged in the United States. The judges were part of a three-judge panel of the 2nd U.S. Circuit Court of …
US judges question whether Argentina YPF case belongs in US Read More »
By Davide Barbuscia and Anirban Sen NEW YORK (Reuters) -With the U.S. government shutdown threatening to freeze October’s inflation report, the Treasury is expected to deploy a workaround to compute the index underpinning the $2.1 trillion market for inflation-protected bonds for the first time since their 1997 launch, a move that may cause pricing quirks …
By Mike Scarcella (Reuters) -A coalition of banking groups has convinced a federal judge to temporarily block enforcement of a U.S. Consumer Financial Protection Bureau rule aimed at making it easier for consumers to switch financial-service providers. In a ruling Wednesday, U.S. District Judge Danny Reeves in Lexington, Kentucky, paused compliance deadlines for the so-called …
US judge blocks consumer agency’s ‘open banking’ rules for now Read More »
By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -The Bank of Canada signaled on Wednesday an end to its cutting cycle after trimming its key overnight interest rate to 2.25%, but Governor Tiff Macklem said he would be ready to respond if Canada’s economic outlook changed materially. The 25-basis-point cut, the second in a row, …
Bank of Canada signals likely end to rate cuts, but keeps options open Read More »
By Puyaan Singh and Sahil Pandey (Reuters) -Laboratory services provider Labcorp forecast lower annual revenue growth for its contract research unit on Tuesday, as a prolonged funding crunch continues to weigh on its early-stage drug development clients. Contract research firms have witnessed reduced spending from biotech clients in the past two years. The funding crunch, …
Labcorp cuts growth outlook for research unit as biotech funding crunch persists Read More »
By Deepa Seetharaman and Krystal Hu SAN FRANCISCO (Reuters) -Soon after ChatGPT was released to the public in late 2022, OpenAI CEO Sam Altman told employees they were on the cusp of a new technological revolution. OpenAI could soon become “the most important company in the history of Silicon Valley,” Altman said, according to two …
Altman touts trillion-dollar AI vision as OpenAI restructures to chase scale Read More »
