Telecom servicer QualTek enters bankruptcy to cut $307 million debt
By Dietrich Knauth (Reuters) – Telecommunications and power contractor QualTek Services Inc filed for bankruptcy on Wednesday, armed with a…
May 24, 2023
American Eagle Cuts Annual Revenue Forecast On Weak Apparel Demand
(Reuters) -American Eagle Outfitters Inc cut its full-year revenue forecast on Wednesday, as apparel demand wavers due to still-high inflation,…
Dollar gains on resilient U.S. economy, flight to safety
By Herbert Lash NEW YORK (Reuters) -The dollar hit a fresh two-month high against a basket of peers on Wednesday,…
Stalled US debt talks, inflation woes hit stocks
By Lawrence White and Koh Gui Qing LONDON/NEW YORK (Reuters) -World stocks dropped on Wednesday as U.S. debt ceiling talks…
First Solar takes Toledo Solar to court over ‘false representation’
(Reuters) – First Solar Inc said on Wednesday it had filed a complaint against Toledo Solar in an Ohio district…
US Prosecutors Probe Trading By First Republic’s Former Employees – Bloomberg Law
(Reuters) – U.S. prosecutors are reviewing stock trading by some of First Republic Bank’s employees during the lender’s recent collapse,…
US prosecutors probe trading by First Republic’s former employees – Bloomberg Law
(Reuters) – U.S. prosecutors are reviewing stock trading by some of First Republic Bank’s employees during the lender’s recent collapse,…
Canada’s BMO, Scotiabank miss profit estimates; shares fall
By Nivedita Balu (Reuters) – Bank of Montreal and Bank of Nova Scotia on Wednesday missed quarterly profit estimates as…
Biden’s nominee for Kansas federal judge post asks to withdraw
By Jacqueline Thomsen WASHINGTON (Reuters) -Jabari Wamble, U.S. President Joe Biden’s pick for a federal judgeship in Kansas, asked on…
Change in tone in U.S. debt talks could prompt rating action before default -Moody’s
By Davide Barbuscia NEW YORK (Reuters) – Rating agency Moody’s expects the U.S. government will continue to pay its debts…