(Reuters) – Citigroup Inc said on Monday its unit Citi Commercial Bank (CCB) will hire 900 staffers, including 400 commercial bankers, over the next three years in a bid to fast-track its growth. The U.S. lender said that along with launching in new markets and expanding its digital capabilities, the Commercial Bank is looking to…
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear Alphabet Inc’s attempt to nix a lawsuit by shareholders accusing the Google parent company of fraudulently concealing a security glitch that left private user data exposed. The justices left in place a lower court’s ruling that revived the lawsuit brought over the 2018…
(Reuters) -Intel Corp said on Monday its self-driving car unit, Mobileye, has confidentially filed paperwork for an initial public offering in the United States. The company did not give more details about the offering, which could value the Israeli unit at more than $50 billion, a source previously told Reuters. Intel Chief Executive Officer Pat…
(Reuters) – Uber Technologies Inc raised its outlook for first-quarter core profit on Monday, as its ridehailing business was recovering faster than expected on the back of a surge in airport rides and an increase in the number of offices being reopened. The company also said customers continued to order food at a high rate…
LONDON (AP) — Leading Russian banks are looking into using a Chinese payment rival after Visa and Mastercard suspended operations, while all the big global accounting firms said they would pull out of Russia in the latest corporate fallout over the invasion of Ukraine. Ernst & Young and Deloitte cut ties Monday with their operations…
The investment firm of billionaire Ryan Cohen has taken a large stake in Bed Bath & Beyond and is recommending that the struggling retailer sell all or part of its business. RC Ventures LLC has acquired a nearly 10% stake in Bed Bath & Beyond, according to a regulatory filing. RC stands for Ryan Cohen,…
By Elvira Pollina MILAN (Reuters) -Shares in Telecom Italia (TIM) recovered from record lows on Monday as the head of Italy’s biggest phone group met investors to convince them of the merits of his plans to revive the former phone monopoly. The TIM roadshow comes ahead of a decision expected shortly from TIM on a…
By Akriti Sharma and Rocky Swift (Reuters) – Uniqlo owner Fast Retailing will keep its stores in Russia open, joining a small group of international firms that are staying put even as dozens of big brands temporarily shutter operations or exit the country over its invasion of Ukraine. Political pressure is building on companies to…
(Reuters) – Uber Technologies Inc raised its first-quarter profitability guidance on Monday, saying its mobility business was improving faster than expected, while customers continued ordering food deliveries at record numbers in February. Uber said in a filing it now expected adjusted earnings before interest, taxes, depreciation and amortization of $130 million to $150 million in…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Surging raw materials costs, made worse by Russia’s invasion of Ukraine, could set back the dream of Tesla Chief Executive Elon Musk and other auto executives to roll out more affordable electric vehicles. Rising prices of nickel, lithium and other materials threaten to slow and even temporarily reverse…
