Article content WASHINGTON — The number of Americans filing new claims for unemployment benefits rose moderately last week, pointing to a still-tight and strong labor market despite growing fears of a recession. Initial claims for state unemployment benefits increased 4,000 to a seasonally 230,000 for the week ended Dec. 3, the Labor Department said on […]
Article content Twitter Inc shares will be suspended from trading on Friday, the New York Stock Exchange’s website showed, as billionaire Elon Musk faces a court-ordered Oct. 28 deadline to close his $44 billion deal to buy the social media company. Musk, the world’s richest person, visited Twitter’s headquarters in San Francisco on Wednesday and […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Alexander Marrow and Supantha Mukherjee Article content MOSCOW/STOCKHOLM — SAP will miss its deadline to exit Russia before the end of the year as the German software group has failed to find a buyer for the unit, five sources told Reuters, underscoring the […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Amruta Khandekar Article content European shares dropped on Thursday after Liz Truss said she was resigning as UK’s prime minister, brought down by her economic program that wrecked havoc on markets. The region-wide STOXX 600 was down 0.2%, after rising as much as […]
Article content WASHINGTON — U.S. Treasury Secretary Janet Yellen is set to resume her campaign-style promotion of President Joe Biden’s economic initiatives on Friday, visiting a Virginia business incubator to tout U.S. investments in research, semi-conductors, clean energy and other technologies. The Treasury said Yellen will deliver remarks and meet with entrepreneurs at the Virginia […]
Article content Starboard Value LP has taken a stake in Salesforce Inc, CNBC reported, citing the activist investment firm’s founder Jeff Smith. Shares of the software firm, which fell about 42% this year, rose more than 7% in trading before the bell. Article content The hedge fund did not disclose the size of the stake […]
Article content LONDON — BlackRock, the world’s biggest asset manager, has set up a unit called Transition Capital to invest in opportunities linked to the global shift to a low-carbon economy, a memo to staff seen by Reuters showed. BlackRock, which manages around $8 trillion in assets, said Transition Capital would work with portfolio managers […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Dawn Chmielewski Article content Short-video platform Triller Inc is the latest company to stake its claim in the metaverse with the launch Monday of a new platform called Metaverz. Triller said its Metaverz provides virtual spaces where users can gather to watch live […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters David Randall Article content NEW YORK — Gut-wrenching market volatility and attractive valuations are prompting some investors to keep their bullish views on energy stocks, one of the few bets that have thrived in an otherwise punishing year. It’s not an easy call. […]
Article content NEW DELHI — India’s competition regulator has approved a merger between the Indian unit of Japan’s Sony and Zee Entertainment if certain conditions are met, television channel ET Now reported on Tuesday, citing sources familiar with the matter. Sony and Zee did not immediately respond to Reuters’ requests for comment. (Reporting by Tanvi […]