Chevron, Union Sign Tentative Pact To End California Refinery Strike – Sources
HOUSTON (Reuters) – The United Steelworkers union (USW) on Thursday afternoon signed a tentative agreement to end a nine-week-old strike…
May 26, 2022
Chipmaker Broadcom To Buy VMware In $61 Billion Deal
By Chavi Mehta and Krystal Hu (Reuters) – Broadcom Inc said on Thursday it will acquire cloud computing company VMware…
Twitter shareholders sue Musk, say he ‘deflated’ stock price
Twitter shareholders have filed a lawsuit accusing Elon Musk of engaged in “unlawful conduct” aimed at sowing doubt about his…
Illinois Officials Order Stay On Carvana’s Temporary License Suspension
(Reuters) – The Illinois Secretary of State’s office implemented a stay on Carvana Co’s temporary suspension, allowing the online used-car…
Gap Slashes Profit Forecast As Inflation Drains Demand, Costs Mount
(Reuters) – Gap Inc cut its annual profit forecast on Thursday, becoming the latest U.S. retailer to come under pressure…
Fed’s Brainard: We Can’t Take Global Status Of U.S. Dollar For Granted
By Lindsay Dunsmuir (Reuters) – The world is moving rapidly toward increasing use of digital payments and an official digital…
Fed May Pause Policy Tightening In September, BofA Says
NEW YORK (Reuters) – The Federal Reserve could pause its monetary policy tightening in September if there is an economic…
Sri Lanka PM stresses urgency for economic reform plan
COLOMBO, Sri Lanka (AP) — Sri Lanka’s prime minister said Thursday that he will quickly prepare an economic reform program…
EY Plans Global Audit Spinoff – Financial Times
(Reuters) – Accounting firm Ernst & Young is planning to split its audit and advisory operations worldwide, the Financial Times…
Macy’s Raises Profit Outlook As Demand For High Fashion Picks Up
By Uday Sampath Kumar (Reuters) -Macy’s Inc raised its annual profit forecast on Thursday, helped by strong demand for high-margin…