United Airlines Unexpectedly Forecasts First-quarter Loss On Higher Costs
By Rajesh Kumar Singh and Kannaki Deka CHICAGO (Reuters) – United Airlines Holdings Inc on Monday unexpectedly forecast a loss…
2023
U.S. Federal Reserve To Review Its Oversight Of Silicon Valley Bank
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve announced on Monday it is reviewing its oversight of Silicon Valley…
Court Revives Apple, Google Challenge To U.S. Patent-review Policy
By Blake Brittain (Reuters) – Apple Inc, Google LLC, Cisco Systems Inc and others can sue the U.S. Patent and…
SVB Collapse May Prompt Fed To Go Slow On Rate Hikes
(Fixes typo) (Reuters) -Traders no longer expect a rate hike of 50 basis points by the U.S. Federal Reserve next…
Silicon Valley Bank Parent, CEO, CFO Are Sued By Shareholder For Fraud
(Reuters) – SVB Financial Group and two top executives were sued on Monday by shareholders, who accused them of concealing…
Wall St Rises In Choppy Trade As Markets Weigh Rate Hike Pause, Bank Contagion Risks
By Amruta Khandekar and Shristi Achar A (Reuters) -U.S. stock indexes rose in choppy trading on Monday as investors weighed…
Activist Investor Icahn Launches Proxy Battle At Illumina
(Reuters) – Activist investor Carl Icahn on Monday launched a proxy fight at Illumina Inc, arguing the company’s takeover of…
Hedge funds stand to lap up bearish profits from bank stock rout
By Nell Mackenzie LONDON (Reuters) – Hedge funds ended last week positioned to scoop up winning profits from bearish positions…
Biden To Defend U.S. Banking System After SVB, Signature Collapse
By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden on Monday will address a banking crisis that led U.S. regulators to…
Porsche AG Cautiously Upbeat On 2023 Sales After Bumper 2022
By Victoria Waldersee and Jan Schwartz WOLFSBURG, Germany (Reuters) -Porsche AG expects sales to rise to as much as 42…