By Anirban Sen NEW YORK (Reuters) -Goldman Sachs Group Inc has promoted Troy Broderick to be the new chief operating officer of its global mergers and acquisitions business, according to an internal memo seen by Reuters. Broderick, who currently leads Goldman’s global M&A capital markets business, will continue to hold his current position in addition …
Goldman names new COO of global M&A business – memo Read More »
By Niket Nishant and Chibuike Oguh (Reuters) -Shares of U.S. regional banks PacWest Bancorp and Western Alliance Bank plunged on Tuesday as the demise of First Republic Bank triggered investor concerns about the financial health of other mid-sized lenders. JPMorgan Chase agreed on Monday to acquire a majority of First Republic’s assets in a $10.6 …
PacWest, Western Alliance shares tumble as US regional bank fears persist Read More »
By Nathan Gomes, Joseph White and Paul Lienert (Reuters) -Ford Motor Co on Tuesday posted a 20% jump in first-quarter revenue, thanks to strong demand for trucks and SUVs, but issued a measured full-year outlook tempered by continued losses in its electric-vehicle unit. The automaker reaffirmed guidance for full-year adjusted earnings before interest and taxes …
Ford revenue jumps on strong truck demand, but outlook remains cautious Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes fell more than 1% each on Tuesday as regional bank shares tumbled on renewed fears over the financial system and as investors tried to gauge how much longer the Federal Reserve may need to hike interest rates. The Fed is expected to announce Wednesday …
Indexes fall 1% as regional banks tumble, investors fret before Fed Read More »
(Reuters) – Lithium producer Livent Corp reported a jump in first-quarter profit and raised its annual forecast on Tuesday, citing rising prices and sales of the metal used to make electric vehicle batteries. The company, which has deals to supply the battery metal to General Motors Co, Tesla Inc and BMW, posted net income of …
Livent quarterly profit jumps on rising lithium prices Read More »
By Akash Sriram (Reuters) -Match Group on Tuesday forecast second-quarter revenue below analysts’ expectations, but said it is seeing signs of growth at Tinder after it made changes at the dating platform. Tinder has undergone changes to product and marketing execution and though those optimizations are not visible yet in the financial results, it is …
By David Shepardson WASHINGTON (Reuters) – The Biden administration on Tuesday said it was ramping up a program to address supply chain issues by getting truckers, shippers, wholesalers, retailers and other businesses to share information. The Freight Logistics Optimization Works (FLOW) program, which was launched in March 2022 with 18 companies, now has 53 firms. …
Biden administration ramps up data exchange program to boost US supply chains Read More »
By David Lawder, Trevor Hunnicutt, Andrea Shalal and David Morgan WASHINGTON (Reuters) – U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the Treasury warned the government could run short of cash to pay its bills by June. Treasury Secretary Janet Yellen said in a …
US may default on June 1 without debt ceiling hike; Biden, McCarthy to meet Read More »
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Thousands of film and television writers will go on strike starting Tuesday, throwing Hollywood into turmoil as the entertainment business grapples with seismic changes triggered by the global streaming TV boom. The Writers Guild of America (WGA) called its first work stoppage in 15 years …
Hollywood writers to strike as streaming shift upends TV business Read More »
By Praveen Menon and Roushni Nair SYDNEY (Reuters) -Australia’s flagship carrier, Qantas Airways Ltd, on Tuesday named finance chief Vanessa Hudson as its next chief executive officer, making her the first woman to lead the century-old airline. Hudson will in November take over from Alan Joyce, whose 15 years in the job has made him …
Qantas picks first female CEO as Alan Joyce prepares to depart Read More »
