Ackman calls out Icahn’s IEP over high premium after Hindenburg report
(Reuters) – Bill Ackman questioned the valuation of Carl Icahn’s flagship firm as he took another jab at his old…
Business
American Eagle cuts annual revenue forecast on weak apparel demand
By Anne Florentyna Gnanaraja Sekar and Ananya Mariam Rajesh (Reuters) -American Eagle Outfitters Inc cut its full-year revenue forecast on…
Airbus rules out imminent launch of new A220 jet version
By Tim Hepher PARIS (Reuters) -Airbus is not looking to launch a stretched version of its A220 jetliner in the…
Marketmind: U.S. default risk clouds Korea, Indonesia rate decisions
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The central banks…
WeWork CFO resignation marks second major exit in a week
(Reuters) -WeWork Inc CFO Andre Fernandez intends to resign on June 1, the company said on Wednesday, less than a…
Stellantis may ship fewer gas-powered vehicles to US states with strict emissions rules
By David Shepardson WASHINGTON (Reuters) -Chrysler-parent Stellantis said on Wednesday it may limit shipments of gasoline-powered vehicles to dealers in…
Verizon warns customer service employees of impending layoffs- The Verge
(Reuters) – Verizon Communications Inc held a meeting with customer service employees to notify them of upcoming “restructuring” and “streamlining”…
Facebook owner Meta slashes business teams in final round of layoffs
By Katie Paul NEW YORK (Reuters) -Meta Platforms Inc, owner of Facebook, slashed jobs across its business and operations units…
JPMorgan can sue former executive Staley over Epstein ties -US judge
By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase & Co may move forward with its lawsuit seeking to hold former…
Industrial suppliers face a rocky road if U.S. defaults on debt- AEM
By Aishwarya Nair (Reuters) – A failure to break the deadlock on raising the U.S. debt ceiling before the deadline…