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Jersey Mike’s names Betsy Mercado as first chief people officer
Manasquan, NJ – Jersey Mike’s Subs has appointed Betsy Mercado as the company’s first-ever Chief People Officer, a newly created role aimed at guiding the brand’s people strategy as it accelerates nationwide…
Fed’s Barr says his focus is on how long to hold rates high
(Reuters) – Federal Reserve Vice Chair for Supervision Michael Barr on Monday said the U.S. central bank should proceed “carefully” on monetary policy, adding that his focus is less on how much…
US expands, upgrades probe into 708,000 Ford SUVs, trucks over engine failures
By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) said on Monday it was upgrading and expanding its investigation into 708,000 Ford Motor sport utility vehicles and trucks over…
STOXX 600 sinks to six-month low on higher bond yields
By Sruthi Shankar, Shristi Achar A and Siddarth S (Reuters) -European stocks kicked off the final quarter on a negative note as higher bond yields pressured equities and as data showed factory…
Strong earnings will reverse decline in megacap tech stocks: Goldman Sachs
By David Randall NEW YORK (Reuters) – Strong upcoming earnings results could reverse the decline in mega-cap technology and growth stocks, which have been hammered by the rise in Treasury yields and…
Flows into AI funds wane as US rate worries weigh
By Bansari Mayur Kamdar (Reuters) – Inflows into exchange-traded funds (ETFs) tracking artificial intelligence (AI) companies have ebbed after their sharp run-up earlier this year, as investors fear persistently high U.S. interest…
McDonald’s, Wendy’s defeat lawsuit over size of burgers
By Jonathan Stempel NEW YORK (Reuters) – McDonald’s and Wendy’s have defeated a lawsuit accusing them of deceiving hungry diners by exaggerating the size of their burgers. In a decision on Saturday,…
Tesla misses delivery estimates as factory upgrades curb production
By Akash Sriram (Reuters) -Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced…
US Supreme Court spurns copyright fight over concert recordings
By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear a bid by Sony Music, Warner Music and other music publishers to hold the owner of Wolfgang’s…
Spirit Aero CEO resigns as former Boeing exec named interim head
By Valerie Insinna and Abhijith Ganapavaram (Reuters) -Spirit AeroSystems CEO Tom Gentile has stepped down in the wake of a series of industrial difficulties, with the major aerospace supplier naming former Boeing…
UK’s Hunt tries to defuse tax row with cuts to government staff
By Elizabeth Piper, Alistair Smout and Andrew MacAskill MANCHESTER, England (Reuters) -British finance minister Jeremy Hunt set out plans on Monday to freeze and then cut the number of government workers to…
Discover Financial jumps 7% after agreeing with FDIC to improve consumer compliance
(Reuters) – Shares of Discover Financial Services climbed 7% on Monday after the bank agreed to improve its consumer compliance and related corporate governance as part of a consent order with the…
Euro zone’s benchmark Bund yield edges back up near 12-year high
By Stefano Rebaudo and Harry Robertson (Reuters) – The euro zone’s benchmark German bond yield rose on Monday towards last week’s 12-year high as the selloff in debt markets continued after a…
US construction spending rises in August on homebuilding
WASHINGTON (Reuters) – U.S. construction spending increased in August, lifted by outlays on single- and multi-family housing, though mortgage rates at nearly 23-year highs could slow momentum. The Commerce Department said on…
Beyonce’s concert film to be distributed globally by AMC
(Reuters) -A film based on U.S. pop star Beyonce’s hit “Renaissance World Tour” is set to be distributed globally by a unit of AMC Entertainment, the company said, as cinema chains look…
EV maker Rivian beats quarterly delivery estimates after raising production
SAN FRANCISCO (Reuters) -Electric-vehicle maker Rivian Automotive on Monday reported third-quarter deliveries above market expectations, as it ramped up production to meet a sustained demand for its pickup trucks and sport-utility vehicles…
KKR sells industrial properties worth over $560 million
(Reuters) – U.S. private-equity firm KKR said on Monday it has completed the sale of an industrial property portfolio of 5 million square feet (465,000 square meters) for a total aggregate value…
Cigna Group announces settlement with US on claims it overcharged Medicare Advantage program
WASHINGTON (Reuters) – Health insurer Cigna Group says it has reached a settlement with the United States over claims it overcharged the government’s Medicare Advantage program by making it appear patients were…
Kaiser Permanente workers say deal unlikely to avert strike
(Reuters) -The coalition of unions representing healthcare workers at Kaiser Permanente said late on Saturday it is unlikely there will be a new agreement with the healthcare provider, as their current contract…
UAW workers and Mack Trucks reach deal to avoid strike
(Reuters) -About 4,000 workers represented by the United Auto Workers (UAW) reached an agreement with Volvo Group-owned Mack Trucks just before midnight Eastern Standard Time (0400 GMT) on Sunday, the union and…
Canadian factory PMI falls to three-year low in September
By Fergal Smith TORONTO (Reuters) – Canada’s manufacturing sector downturn deepened in September to its lowest level since shortly after the start of the COVID-19 pandemic as weak market demand weighed on…
WTO chief sees early signs of ‘dangerous’ trade fragmentation
GENEVA (Reuters) – The head of the World Trade Organization said on Monday that early signs of global trade fragmentation were appearing, criticising so-called ‘reshoring’ and ‘friendshoring’ between trade blocs. “While we…
China Evergrande shares set to resume trade on Tuesday
(Reuters) -China Evergrande Group said on Monday it has applied to the Hong Kong Stock Exchange for trading in its shares to resume on Tuesday, adding there is currently no other inside…
Have You Ever Dreamed of Opening a Business Next to the Bayville Dinosaur? Now You Can
BAYVILLE, NJ – If you ever thought it would be a good idea to open a business adjacent to one of Ocean County’s most popular roadside attractions, the Bayville Dinosaur, well, you’re…
Top central banks’ rate hike push fizzles out in September, EM parts ways
By Karin Strohecker and Sumanta Sen LONDON (Reuters) – Central banks across major developed economies delivered what looked like a last gasp set of rate hikes in September, while economies in both…
U.S. optimistic it will reach critical minerals deal with EU
By Philip Blenkinsop BRUSSELS (Reuters) – The United States is optimistic it will conclude an agreement with the European Union to allow critical minerals mined or processed in Europe to qualify for…
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