eBay to slash 1,000 jobs, scale back contracts
(Reuters) -eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the e-commerce retailer said on Tuesday. “While we are making progress against our strategy, our overall…
New Law Seeks to Slash New Jersey Sales Tax by 50% for Small Businesses
TRENTON, NJ – The New Jersey Legislature is considering a bill aimed at providing substantial tax relief to small businesses in the state. The proposed legislation, if enacted, will halve the State…
Renault to slash production costs for cars, expand in Turkey
PARIS (Reuters) -Renault said on Thursday it aims to cut the production costs of its cars by as much as 50% in the next four years including by increasing the use of…
Western car makers look to slash EV costs to fight Chinese ‘invasion’
By Gilles Guillaume and Giulio Piovaccari PARIS (Reuters) – Western automakers are fretting about an “invasion” of cheap Chinese electric cars in Europe, prompting France’s Renault to say on Thursday it was…
Euro zone firms slash loan demand to lowest on record: ECB poll
FRANKFURT (Reuters) – Euro zone firms’ demand for loans dropped to the lowest on record last quarter and a further decline is likely over the summer as lenders continue to tighten access…
GOP Lawmakers Slash University’s Budget To Defund ‘Diversity’ Programs
GOP Lawmakers Slash University’s Budget To Defund ‘Diversity’ Programs Reagan Reese on June 22, 2023 State Republicans will cut the University of Wisconsin’s budget by $32 million, the estimated total the institution…
EU told to slash greenhouse gas emissions 90-95% by 2040
By Kate Abnett BRUSSELS (Reuters) – The European Union should commit to slash its net greenhouse gas emissions by as much as 95% by 2040, official advisers said on Thursday, as Brussels…
U.S. consumer outlook dims as upscale retailers, discounters slash forecasts
By Aishwarya Venugopal (Reuters) – Weak profit forecasts from department store chain Macy’s to discounter Dollar General on Thursday underscored the fragile health of the U.S. consumer as persistent inflation curbs spending.…
ProSieben to slash dividend, replaces chief financial officer
BERLIN (Reuters) – German media group ProSiebenSat.1 said on Thursday it was replacing its chief financial officer and proposing slashing this year’s dividend as it announced a nearly 20% drop in operating…
Brazil eyes public campaign to slash tax waivers to companies -minister
BRASILIA (Reuters) – Brazil’s government is considering clarifying the size of each company’s tax benefits as part of a campaign to end tax exemptions and improve public finances, Finance Minister Fernando Haddad…
Kevin McCarthy Unveils GOP Plan To Slash Federal Funding, Address Budget
Kevin McCarthy Unveils GOP Plan To Slash Federal Funding, Address Budget Jason Cohen on April 17, 2023 The House will vote on a bill to raise the debt ceiling through 2023 and…
EY US to slash headcount days after nixing split
(Reuters) – Ernst & Young’s U.S. arm said on Monday it was shedding 5% of its workforce, less than a week after the unit’s objection torpedoed the global accounting giant’s plan to…
Amazon To Slash Another 9,000 Jobs
Amazon To Slash Another 9,000 Jobs Laurel Duggan on March 20, 2023 Amazon plans to cut another 9,000 jobs over the coming weeks due to concerns about economic uncertainty, according to a…
GE to slash stake in aircraft lessor AerCap
(Reuters) – AerCap Holdings NV said on Tuesday a unit of General Electric Co is selling 18 million shares, worth $1.12 billion, of the aircraft lessor through an underwritten public offering. In…
Jackson mayor slams Murphy budget slash to schools in his town
JACKSON TOWNSHIP, NJ – After another state budget presented by New Jersey Governor Phil Murphy included even more cuts to funding for Jackson Township schools, Mayor Michael Reina said he’s had it…
Slash Your Meat Consumption To Help Gov’t Hit Climate Goals, Advisory Group Suggests
Slash Your Meat Consumption To Help Gov’t Hit Climate Goals, Advisory Group Suggests John Hugh DeMastri on February 28, 2023 Danish citizens should reduce their meat consumption by two-thirds and replace it…
Listing hopefuls on Beijing bourse slash floor IPO prices
SHANGHAI (Reuters) – A growing number of listing applicants on the Beijing Stock Exchange are slashing the floor prices of their planned initial public offerings (IPOs), as the pandemic-hit companies seek to…
Canada’s Ivey PMI hits 2-1/2 year low as firms slash inventories
TORONTO (Reuters) – Canadian economic activity contracted in December at the sharpest pace since the early stages of the COVID-19 pandemic as firms worked to reduce their stock of inventories, Ivey Purchasing…
EXCLUSIVE: Rep. Chip Roy Unveils Amendments To Slash Green, Woke Handouts In Congress’ Massive Spending Bill
EXCLUSIVE: Rep. Chip Roy Unveils Amendments To Slash Green, Woke Handouts In Congress’ Massive Spending Bill Jack McEvoy on December 22, 2022 Republican Rep. Chip Roy of Texas on Thursday introduced five…
Goldman Sachs Will Slash Workforce, Cut Back On Bonuses For Underperformers: REPORT
Goldman Sachs Will Slash Workforce, Cut Back On Bonuses For Underperformers: REPORT John Hugh DeMastri on December 16, 2022 Goldman Sachs is planning to cut thousands of employees and potentially eliminate bonuses…
Musk says Twitter Basic Blue to slash ads by half
(Reuters) – Twitter owner Elon Musk tweeted on Monday that Twitter’s Basic blue tick will have half the number of advertisements and the social media platform will offer a higher tier with…
Putin Threatens To Slash Oil Production, Starve European Countries Of Fuel
Putin Threatens To Slash Oil Production, Starve European Countries Of Fuel Jack McEvoy on December 9, 2022 Russian President Vladimir Putin said Friday that his nation may cut crude oil production in…
Musk’s bankers mull new Tesla margin loans to slash Twitter debt – Bloomberg News
(Reuters) – Billionaire Elon Musk’s bankers are considering providing the Tesla Inc Chief Executive Officer with new margin loans backed by the U.S. automaker’s stock to replace some of the high interest…
JPMorgan, BofA and Citi to slash banker bonuses – Bloomberg Law
(Reuters) – JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus pools for their investment bankers by as much as 30%, Bloomberg Law…
India’s first private rocket company looks to slash satellite costs
By Nivedita Bhattacharjee BENGALURU (Reuters) – The startup behind India’s first private space launch plans to put a satellite into orbit in 2023 and expects to be able to do so at…
Energy Chief Who Pushed To Slash Oil And Gas Investments Now Decries ‘Global Energy Crisis’
Energy Chief Who Pushed To Slash Oil And Gas Investments Now Decries ‘Global Energy Crisis’ John Hugh DeMastri on October 25, 2022 Fatih Birol, Executive Director of the International Energy Agency (IEA),…
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