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…
Economy
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…
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…
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…
US business borrowing for equipment falls 8% in April- ELFA survey
(Reuters) – U.S. companies borrowed nearly 8% less in April than last year to finance equipment investments, industry body Equipment…
Amazon beats all 18 shareholder-led proposals at annual meeting
By Arriana McLymore NEW YORK, NY (Reuters) – Amazon.com Inc investors voted against all 18 shareholder-led proposals during the e-commerce…
IMF completes review of Rwanda sustainability loan, enabling $98.6 million disbursement
WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday its executive board completed the first reviews of Rwanda’s loan…
EU sets out plans to cut the price of financial products
By Huw Jones LONDON (Reuters) -The European Union set out plans on Wednesday to cut how much retail investors pay…