Business

GM idles Detroit EV plant, temporarily laying off 1,300 workers

Monday, March 30 by SRN News

By Nora Eckert and David Shepardson DETROIT, March 30 (Reuters) - General Motors is idling a Detroit electric vehicle plant until April 13, extending downtime that began on March 16, the company said on Monday. "Factory ZERO will temporarily adjust production to align EV production with... Read More.

IMAX says CEO taking medical leave

Monday, March 30 by SRN News

March 30 (Reuters) - IMAX said on Monday that CEO Richard Gelfond, who is being treated for pneumonia, was taking a temporary medical leave. The cinema operator's daily operations will be managed by senior executives in coordination with Chairman Darren Throop,... Read More.

Exclusive-Unilever imposes global hiring freeze, citing Middle East war effects, memo says

Monday, March 30 by SRN News

By Richa Naidu LONDON, March 30 (Reuters) - Dove soap maker Unilever has implemented a global hiring freeze "at all levels" that will last at least three months, citing the effects of the widening conflict in the Middle East, according to a memo seen by... Read More.

Unilever nears deal to combine food unit with McCormick, WSJ reports

Monday, March 30 by SRN News

March 30 (Reuters) - Unilever is in advanced talks to combine its food business with U.S. spice maker McCormick, in a deal that includes a cash component of around $16 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.... Read More.

Trading Day: Growth fears snowball

Monday, March 30 by SRN News

By Jamie McGeever ORLANDO, Florida, March 30 (Reuters) - The S&P 500 and Nasdaq hit seven-month lows and bond yields fell on Monday as the Iran war entered its fifth week, with investors increasingly spooked by growth fears over inflation concerns even though oil prices... Read More.

Delaware judge accused of bias reassigns Musk cases

Monday, March 30 by SRN News

By Tom Hals WILMINGTON, Delaware, March 30 (Reuters) - The chief judge on Delaware's corporate court said she will reassign three cases involving Elon Musk to avoid unnecessary media attention after the billionaire entrepreneur complained that her activity on social media had shown bias against... Read More.

Rising gasoline prices are a double blow for drivers who use their own vehicles for work

Monday, March 30 by SRN News

Leslie Sherman-Shafer, an Uber driver in the San Francisco Bay Area, likes to start each shift with a full tank of gas. It used to cost her around $25 to fill up her Toyota Corolla. She's spent closer to $40 since the Iran war began... Read More.

JPMorgan must face Wells Fargo lawsuit over troubled $481 million real estate loan

Monday, March 30 by SRN News

By Jonathan Stempel NEW YORK, March 30 (Reuters) - A federal judge on Monday rejected JPMorgan Chase's bid to dismiss Wells Fargo's breach of contract lawsuit to recoup losses for investors in a defaulted $481 million commercial real estate loan. U.S. District Judge Dale Ho in... Read More.

Verizon wins injunction blocking T-Mobile ad campaign

Monday, March 30 by SRN News

March 30 (Reuters) - A federal judge on Monday granted Verizon Wireless a preliminary injunction blocking rival T-Mobile from running ads that promise consumers more than $1,000 of annual savings if they switch cellphone carriers. U.S. District Judge Lewis Kaplan in Manhattan said Verizon would... Read More.

US business equipment borrowings rise more than 14% in February, ELFA says

Monday, March 30 by SRN News

March 30 (Reuters) - U.S. companies borrowed 14.2% more to finance equipment purchases in February than a year earlier, fueled by a surge in activity among independent providers, the Equipment Leasing and Finance Association said on Monday. The Washington-based trade association, which tracks economic activity... Read More.

Current Weather

GM idles Detroit EV plant, temporarily laying off 1,300 workers

IMAX says CEO taking medical leave

Exclusive-Unilever imposes global hiring freeze, citing Middle East war effects, memo says

Unilever nears deal to combine food unit with McCormick, WSJ reports

Trading Day: Growth fears snowball

Delaware judge accused of bias reassigns Musk cases

Rising gasoline prices are a double blow for drivers who use their own vehicles for work

JPMorgan must face Wells Fargo lawsuit over troubled $481 million real estate loan

Verizon wins injunction blocking T-Mobile ad campaign

US business equipment borrowings rise more than 14% in February, ELFA says

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