Disney plans to freeze hiring and cut some jobs, memo shows
(Reuters) -Walt Disney Co is planning to freeze hiring and cut some jobs as it strives to move the Disney+ streaming service to profitability against a backdrop of economic uncertainty,…
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(Reuters) -Walt Disney Co is planning to freeze hiring and cut some jobs as it strives to move the Disney+ streaming service to profitability against a backdrop of economic uncertainty,…
By Jonathan Stempel NEW YORK (Reuters) – Roger Ng, the former Goldman Sachs banker convicted for helping loot Malaysia’s 1MDB sovereign wealth fund, on Friday sued the government’s star witness…
(Reuters) – A group responsible for power market reliability in Western North America said the growing use of renewable generation will require the region to boost planning reserves in coming…
By Jonathan Stempel and Jody Godoy (Reuters) -Elizabeth Holmes urged a U.S. judge not to send her to prison, as the founder of Theranos Inc prepares to be sentenced next…
By Andrea Shalal WASHINGTON (Reuters) -World Bank President David Malpass on Friday said he was deeply concerned about Chad’s longer-term ability to pay its $3 billion in external debts since…
By Mahamat Ramadane N’DJAMENA (Reuters) -Chad has reached an agreement with its creditors, including Swiss commodities trader Glencore, paving the way for more funding from the International Monetary Fund, but…
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – Global stocks rallied on Friday for a second day on hopes cooler U.S. inflation would lead to less aggressive interest…
By Pamela Barbaglia, Oliver Hirt and Michael Shields LONDON/ZURICH (Reuters) -Credit Suisse’s recent decision to exit certain investment banking activities is drawing scrutiny from at least two investors and a…
SAO PAULO (Reuters) – Brazilian conglomerate Cosan SA reported a third-quarter net loss on Friday, swinging from a big profit in the same period last year, as the group paid…
By Deep Kaushik Vakil and Pratima Desai (Reuters) -The London Metal Exchange (LME) said on Friday it will not ban Russian metal from being traded and stored in its system…
By Alun John and Hannah Lang LONDON (Reuters) – Crypto exchange FTX filed for U.S. bankruptcy protection on Friday and its founder Sam Bankman-Fried resigned as chief executive, after the…
By Nate Raymond (Reuters) -The United States government has stopped taking applications for student debt relief, after a federal judge blocked President Joe Biden’s loan forgiveness plan, according to a…
SANTIAGO (Reuters) -Chilean industrial group Empresas Copec on Friday posted a 35.5% decrease in its third-quarter net profit versus a year earlier, mainly driven by a drop in non-operating income.…
By Laura Sanicola (Reuters) -Oil prices settled higher on Friday but fell week-on-week after health authorities in China eased some of the country’s heavy COVID-19 curbs, raising hopes for improved…
By Marcela Ayres and Rodrigo Viga Gaier BRASÍLIA/RIO DE JANEIRO (Reuters) -An aide to Brazilian President-elect Luiz Inacio Lula da Silva wants to delay the Nov. 20 election for leader…
By Tim Hepher LONDON (Reuters) -Airbus and Qatar Airways skirmished on Friday over relations with aviation watchdogs and a deluge of confidential documents as legal claims over grounded jets hit…
By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – A week of turmoil culminating in major crypto exchange FTX filing for bankruptcy has left investors questioning the viability of…
By David Lawder NEW DELHI (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters on Friday that it was good to see the latest U.S. inflation data that suggests upward pressures…
By Elisa Anzolin MILAN (Reuters) -The Benetton family and U.S. investment fund Blackstone aim to press ahead with their offer for Italy’s Atlantia, sources said on Friday, after their takeover…
(Reuters) – American Airlines Group’s pilots said on Friday that their union has agreed to explore a merger with the Air Line Pilots Association (ALPA), which represents pilots at major…
By Kate Abnett and Valerie Volcovici SHARM EL SHEIKH (Reuters) – Oil and gas producers Canada and Nigeria have become the latest countries to tackle the potent greenhouse gas methane…
(Reuters) – Coinbase Global Inc will write off the investment its ventures arm made in cryptocurrency exchange FTX in 2021, according to a person familiar with the matter. Coinbase had…
(Reuters) -Estee Lauder Cos Inc is nearing a deal to buy Tom Ford for about $2.8 billion, including debt, beating out competition from a number of others interested in acquiring…
By Priyamvada C (Reuters) – U.S. hotel operators expect more pain from China’s strict COVID-19 lockdowns which have halted construction of some luxury properties and impeded travel to one of…
(Reuters) – Sam Bankman-Fried on Friday resigned from his role as chief executive of FTX and the crypto exchange said it will initiate bankruptcy proceedings in the United States, capping…