By Shivansh Tiwary and Kannaki Deka (Reuters) -WeWork said on Friday it would proceed with a one-for-forty reverse stock split to regain compliance with listing requirements, days after the flexible workspace provider raised “substantial doubt” over its ability to continue operations. The company’s shares have lost nearly all of their value since making market debut…
(Reuters) – U.S. homebuilder D.R. Horton Inc posted a 34.4% fall in quarterly profit on Thursday, as high prices and expensive mortgages made housing unaffordable for many Americans. The Federal Reserve’s aggressive interest rate hikes have pushed the housing market into a recession, with residential investment contracting for seven straight quarters, the longest such streak…
COPENHAGEN (Reuters) -Danish brewer Carlsberg said on Friday it had signed an agreement to sell its Russian business but did not name the buyer or the agreed price for the transaction, which is subject to an extensive regulatory review by Moscow. Carlsberg, the Western brewer most exposed to Russia, said last year it expected a…
By Daina Beth Solomon and Ted Hesson MEXICO CITY (Reuters) – U.S. asylum appointments at a dangerous Texas-Mexico border crossing can no longer be scheduled via an online app following reports that migrants face extortion in Mexico. Advocates for migrants in the Mexican city of Nuevo Laredo, just across the border from Laredo, were informed…
NEW YORK (AP) — A federal judge has ordered Amazon to stop retaliating against employees engaged in workplace activism, issuing a mixed ruling that also hands a loss to the federal labor agency that sued the company earlier this year. The ruling came in a court case brought by the National Labor Relations Board, which…
By David Morgan WASHINGTON (Reuters) -President Joe Biden and Republican U.S. House Speaker Kevin McCarthy have voiced growing confidence about striking a debt-ceiling deal to avoid a catastrophic default, but they could be tripped up by last-minute opposition from the hardline House Freedom Caucus. The small but powerful Republican faction warned this week that they…
A look at the day ahead in European and global markets from Ankur Banerjee For the second time this year, Fed Chair Jerome Powell will take the stage in the wake of a bank failure (that’s three in the US for those keeping count: SVB, Signature Bank and First Republic) and as worries over the…
By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Monday as markets were forced to price in ever-loftier peaks for U.S. and European interest rates, slugging bonds globally and pushing the dollar to multi-week highs. Investors are braced for more challenging U.S. data including the closely-watched ISM measures of manufacturing and services, the latter…
By Kanishka Singh and Moira Warburton WASHINGTON (Reuters) – West Virginia Governor Jim Justice launched his campaign on Thursday for the Republican nomination to challenge Democratic U.S. Senator Joe Manchin, a moderate who has been a constant thorn in his party’s side. Justice, 72, has repeatedly changed parties, most recently in 2017 when he switched…
By Elizabeth Piper and Kylie MacLellan LONDON (Reuters) -Actor Glenda Jackson, a two-time Oscar winner who later served as a socialist politician in the British parliament for 23 years, has died. She was 87. One of four daughters of a bricklayer and a cleaning lady in northwest England, Jackson never forgot her roots even as…
