Goodyear Tire to expand board in settlement with Elliott
(Reuters) -Goodyear Tire & Rubber Co said it would add three directors in agreement with Elliott Investment Management, months after…
UPS and Teamsters to restart talks in effort to avoid strike
LOS ANGELES (Reuters) – United Parcel Service (UPS) and the Teamsters union representing 340,000 employees at the package delivery firm…
GM does a U-turn to save the Chevy Bolt
By Paul Lienert and Joseph White (Reuters) – General Motors CEO Mary Barra has staked billions on a broad lineup…
IMF cuts Saudi Arabia’s 2023 GDP growth forecast to 1.9%
DUBAI (Reuters) -The International Monetary Fund cut its 2023 GDP growth projection for Saudi Arabia to 1.9% in its latest…
NBA-Celtics and Brown agree to richest deal in NBA history, reports
(Reuters) – Jaylen Brown has agreed to a five-year $304 million supermax contract extension with the Boston Celtics that will…
Dow second-quarter results beat estimates on lower costs
By Sourasis Bose (Reuters) – Chemicals maker Dow on Tuesday beat profit and sales estimates for the second quarter as…
Biogen announces job cuts, turns focus to Alzheimer’s drug launch
By Manas Mishra and Mariam Sunny (Reuters) -Biogen Inc said on Tuesday it expects to slash about 1,000 jobs, or…
Bank of England policymakers weigh up 14th rate hike to tame inflation
LONDON (Reuters) – The Bank of England is expected to raise interest rates for the 14th consecutive meeting next week…
US Senate panel probes billionaire Leon Black’s financial ties to Jeffrey Epstein
By Kanishka Singh WASHINGTON (Reuters) – The U.S. Senate’s Finance Committee on Tuesday revealed an ongoing probe into private equity…
De Beers delivers first production from $2.3 billion underground mine
(Reuters) – Global diamond giant De Beers on Tuesday reported its first production from its new $2.3 billion underground operations…