Canadian federal workers strike over wages, work-from-home guarantees

By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -About 155,000 federal workers in Canada walked off the job on Wednesday after failing to reach a deal for higher wages and work-from-home guarantees, a strike that affects a range of public services from tax returns to passport renewals. The Public Service Alliance of Canada (PSAC) union…

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Morgan Stanley beats estimates as wealth management shines

By Manya Saini and Tatiana Bautzer (Reuters) – Morgan Stanley’s profit beat expectations as wealth management revenue climbed in the first quarter, offsetting slumps in investment banking and trading revenue.  The bank earned $1.70 per share, beating analysts’ average estimate of $1.62 per share, according to Refinitiv data. Its stock edged 0.5% higher to $90.34 in…

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United Airlines warns of macro risks, says ready to act if economy softens further

By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Wednesday said macroeconomic risks have increased following turmoil in the banking industry last month that led to a sharp, brief drop in business travel demand. CEO Scott Kirby said while the company “feels good” about its full-year profit outlook, it stands ready to…

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