Gap to lay off about 1,800 employees in second round of job cuts
(Reuters) -Gap Inc said on Thursday it would cut about 1,800 jobs in a second round of layoffs, joining a…
2023
U.S. Postal Service shrinks forecast losses as hikes prices
By David Shepardson WASHINGTON (Reuters) -The U.S. Postal Service said on Thursday it has cut projected losses through 2031 by…
Millennium Trust’s owners explore $8 billion sale -sources
(This April 26 story has been corrected to fix revenue description in paragraph 3) By David French and Anirban Sen…
Caterpillar’s shares fall on fears demand may have peaked
By Bianca Flowers and Aishwarya Nair (Reuters) -Heavy machinery maker Caterpillar Inc topped Wall Street expectations with a 31% rise…
Dropbox to cut workforce by 16%, hire new talent for AI-powered products
(Reuters) – Cloud storage provider Dropbox Inc said on Thursday it would reduce its global workforce by 16% to cut…
Stellantis’ Tavares: no intention of starting a price war with Tesla
PARIS (Reuters) – Car maker Stellantis has no intention of starting a price war with Tesla, its CEO Carlos Tavares…
Bombardier profit takes off with pricier jet deliveries
By Allison Lampert and Anandita Mehrotra MONTREAL (Reuters) -Business jet maker Bombardier Inc said on Thursday it had swung to…
US pending home sales slump unexpectedly in March
(Reuters) – Contracts to buy U.S. previously owned homes tumbled unexpectedly in March to snap a three-month rebound, raising a…
Hasbro revenue beats as gaming boost offsets slowing demand for toys
By Deborah Mary Sophia (Reuters) -Hasbro Inc topped Wall Street estimates for quarterly revenue on Thursday as players snapped up…
Barclays beats profit expectations on U.S. credit card boom
By Lawrence White and Iain Withers LONDON (Reuters) -Barclays reported better than expected first-quarter profit of 2.6 billion pounds ($3.24…