(Reuters) – Grocery delivery app Instacart Inc has been letting go staff, slowing hiring and curbing other expenses as it heads toward a public listing, the Information reported on Saturday, citing people familiar with the matter. Instacart in May said it had confidentially filed with the U.S. securities regulator to go public, not long after…
(Reuters) -Pfizer Inc Chief Executive Officer Albert Bourla said on Saturday he had tested positive for COVID-19. “I’m feeling well and symptom free,” Bourla said in a statement. Bourla, 60, back in August had contacted COVID and had started a course of the company’s oral COVID-19 antiviral treatment, Paxlovid. Paxlovid is an antiviral medication that…
(Reuters) – Pfizer Inc Chief Executive Officer Albert Bourla said on Saturday he had tested positive for COVID-19. The chief executive said in a statement that he was feeling well and is symptom free. (Reporting by Mrinmay Dey in Bengaluru; Editing by Daniel Wallis)
(Reuters) – British drugmaker GSK plc, has poached Burberry Group’s finance chief to create a rare all-female executive leadership team, Sky News reported on Saturday. GSK could announce as soon as Monday morning that it has recruited Julie Brown to replace Iain Mackay, who has served as its chief financial officer since 2019, the report…
(This Sept 23 story corrects to remove paragraph 7 to take out quote, no other changes to text) By Nell Mackenzie LONDON (Reuters) – Hedge funds around the world fled positions in energy stocks, bonds and futures last week just in time to miss this week’s whipsaw moves in oil, according to data from two…
DAKAR (Reuters) -A 48-hour strike by air traffic controllers in West and Central Africa has been suspended, their union said on Saturday. The strike, which started on Friday, has disrupted flights across the region and left hundreds of passengers stranded at airports on Saturday. The Union of Air Traffic Controllers’ Unions (USYCAA), which called the…
By Scott Murdoch HONG KONG (Reuters) – Credit Suisse’s top two executives have told staff the bank is working to establish a stronger franchise in the longer term, according to a memo seen by Reuters on Saturday, amid uncertainty over a global review of its operations. The memo sent by Chairman Axel Lehmann and Chief…
By Christopher Walljasper CHICAGO (Reuters) – Grace Melt made her first visit to the Nourishing Hope food pantry on Chicago’s North Side in August. Throughout the COVID-19 pandemic, she used food stamps issued by the federal government to buy groceries while out of work for a knee injury. But this summer, the food stamps couldn’t…
By David Randall NEW YORK (Reuters) -A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for more pain ahead. Wall Street banks are adjusting their forecasts to account for a Federal Reserve that shows no evidence of letting up, signaling more tightening ahead to fight inflation after another…
By Herbert Lash, Amanda Cooper and Tommy Wilkes NEW YORK/LONDON (Reuters) – U.S. and European stocks tumbled on Friday, the dollar scaled a 22-year high and bonds sold off again as fears grew that a central bank prescription of raising interest rates to tame inflation will drag major economies into recession. The Dow narrowly missed…
