By John Shiffman and Leah Douglas ATLANTA (Reuters) – As economists and investors scour data on inflation, jobs, housing, banking and other bellwether indicators to determine whether the United States is headed for a recession, a visit to the nation’s largest food-bank warehouse offers some ominous clues. More than half of the shelves at the…
(Reuters) – Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat. In March, the company said it would sell $300 million worth of its shares to raise more capital and might have to file for bankruptcy if it failed…
Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat. (Reporting by Granth Vanaik, Ananya Mariam Rajesh and Anirudh Saligrama in Bengaluru; Editing by Nick Zieminski)
(Reuters) – British chipmaker Arm Ltd is building its own semiconductor to showcase the capabilities of its products, as it seeks to attract new customers and fuel growth following its Initial Public Offering (IPO) later this year, the Financial Times reported on Sunday. Arm will team up with manufacturing partners to develop the new semiconductor,…
BERLIN (Reuters) – German public sector workers have agreed on a wage deal with employers, Interior Minister Nancy Faeser and the Verdi union said on Saturday, ending a dispute that has disrupted the transport sector in Europe’s biggest economy. The agreement for around 2.5 million workers in the sector follows arbitration. Under the deal, each…
By Ismail Shakil OTTAWA (Reuters) – A union representing some 155,000 striking Canadian public workers called on Saturday for Prime Minister Justin Trudeau to speed up negotiations over a deal for higher wages and work-from-home guarantees. A wide range of public services from tax returns to passport renewals have been affected since Wednesday, when about…
By Tim McLaughlin (Reuters) – Hatfield’s Ferry Power Station, a Pennsylvania coal-fired power plant, stopped producing electricity in 2013. Its closure came in a wave of coal-plant shutdowns triggered by competition from cheaper, cleaner natural gas and incentives in the U.S. Clean Air Act. But the facility’s legacy of smog pollution continued long after it…
(Reuters) – Swiss lender Zurcher Kantonalbank, known locally as ZKB, has held takeover talks with GAM Holding AG, the Financial Times reported on Saturday, citing people familiar with the matter. ZKB is one of several companies considering a purchase of GAM. London-listed Liontrust Asset Management also said earlier this week that it was discussing a…
By Ross Kerber (Reuters) – Republican federal and state lawmakers, governors, and attorneys general are pushing back on growing efforts by investors and executives to include environmental, social and governance (ESG) factors in their business decision making. In all 39 bills targeting aspects of ESG were filed as of the end of 2022, of which…
MILAN (Reuters) – The privatisation of Italian lender Monte dei Paschi di Siena should foster the creation of several large banking groups in the country, Prime Minister Giorgia Meloni was quoted as telling the Milano Finanza newspaper on Saturday. Monte dei Paschi (MPS), of which the government owns 64% following a 2017 bailout, is seen…
