U.S. government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal…
UAW strikes more GM, Stellantis facilities, cites progress in talks with Ford
The United Auto Workers expanded its strikes against Detroit automakers General Motors (NYSE: GM) and Chrysler parent Stellantis (NYSE: STLA), but kept its Ford (NYSE:…
Kokusai Electric plans an $860 million IPO on the Tokyo Stock Exchange
Kokusai Electric, a Japanese firm specializing in semiconductor production equipment, is set to launch an initial public offering (IPO) on the Tokyo Stock Exchange on…
HSBC announces $2 bln buyback as rate hikes boost H1 profit
HSBC Holdings PLC (HK:0005) (LON:HSBA) announced a $2 billion buyback on Tuesday as the lender logged a higher profit and revenue for the first half…
US trucking firm Yellow shuts ops, to file for bankruptcy – Teamsters
Cash-strapped U.S. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in…
Santander plans to hire about 150 bankers to grow investment banking -sources
Spain’s Santander (BME:SAN) is planning to hire around 150 bankers primarily in the United States as part of its plans to accelerate growth in its…
TikTok allows Europe to access research software, with eye on EU online content rules
Short-video app TikTok on Thursday opened up its research software to researchers in Europe ahead of new EU rules requiring Big Tech to do more…
French car maker Renault first-half sales jump 13%
Nissan (OTC:NSANY) and Renault (EPA:RENA) will make an announcement in the coming days on their restructured alliance and have finalized the deal, people familiar with the matter…
Hollywood studios say they offered actors $1 billion in gains before strike
Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits before the SAG-AFTRA union called a strike…
Evergrande’s overdue results to show steep losses, market eyes liquidity update
China Evergrande Group, the world’s most indebted property developer, is expected to post on Monday significant losses in its long overdue results for 2021 and…