By Lisa Baertlein and Priyamvada C (Reuters) -UPS and its Teamsters union have signed a tentative contract deal for about 340,000 U.S. workers at the parcel delivery firm, one week ahead of a threatened strike that could have cost the economy billions and disrupted a quarter of the nation’s package shipments. Tuesday’s agreement, which must …
UPS, union avert strike with planned 5-year deal, more pay Read More »
By Niket Nishant and Nupur Anand (Reuters) -Banc of California and PacWest Bancorp will merge in an all-stock deal to create a bank with $36 billion in assets, the companies announced on Tuesday. The lenders also raised $400 million in equity from investors managed or advised by Warburg Pincus and Centerbridge Partners. The combined bank …
Banc of California and PacWest to merge, raise $400 million in equity Read More »
(Reuters) – Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners. (Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur)
(Reuters) -Payments processor Visa reported its smallest jump in quarterly profit in over two years as consumers worried about an economic downturn tightened spending. Rising borrowing costs, wide-ranging layoffs and chances of a mild recession later this year are starting to deter pandemic-weary travelers and shoppers who had fueled a recovery in payment volumes for …
Visa reports smallest rise in quarterly profit in two years Read More »
By Max A. Cherney (Reuters) – The U.S. semiconductor industry faces a shortfall of roughly 67,000 workers by 2030, according to an industry association study published on Tuesday. The chip industry’s workforce is projected to grow to 460,000 by the end of the decade, up from roughly 345,000 this year. But at the current rate …
U.S. will be short 67,000 chip workers by 2030, industry group says Read More »
NEW YORK (Reuters) – The U.S. Virgin Islands unveiled new accusations against JPMorgan Chase over the bank’s ties to former client Jeffrey Epstein, including executives discussing how the disgraced late financier surrounded himself with “nymphettes.” JPMorgan countered that the U.S. Virgin Islands was also to blame for allowing Epstein’s sexual abuse of young women and …
JPMorgan ignored Epstein’s ‘nymphettes,’ US Virgin Islands says Read More »
(Reuters) -Spotify Technology on Monday raised prices for its premium plans across several countries including the United States and United Kingdom, as the music-streaming company looks to boost profitability in an uncertain economy. The move will result in a $1 price increase for Spotify’s U.S. plans, with the premium single now starting at $10.99, duo …
Spotify raises prices for its premium plans across several countries Read More »
By Lisa Baertlein (Reuters) -FedEx pilots have rejected a tentative contract deal with the parcel delivery firm and the two sides will reopen negotiations, likely under the supervision of the National Mediation Board, the company and the pilots’ union said on Monday. The Air Line Pilots Association (ALPA) did not detail the reasons why members …
FedEx pilots reject tentative deal, supervised talks likely Read More »
By Tim Hepher and Mathieu Rosemain PARIS (Reuters) -France’s Thales said on Tuesday it would buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion as it steps up expansion away from its historic defence business to the war against hacking. Thales, which will be buying Imperva from software investor company Thoma Bravo, said …
France’s Thales to buy Imperva in $3.6 billion cybersecurity deal Read More »
PARIS (Reuters) -French spirits group Remy Cointreau on Tuesday reported a fall in first-quarter organic sales, reflecting weaker U.S. demand, high year-ago comparables and destocking, and said it was banking on a sharp rebound in sales in the U.S. from the third quarter. The maker of Remy Martin cognac and Cointreau also stuck to a …
Remy Cointreau confident on H2 rebound after weak start to year Read More »
