Business

Epic Games to cut more than 1,000 jobs as Fortnite usage falls

Tuesday, March 24 by SRN News

March 24 (Reuters) - Epic Games said on Tuesday it would lay off more than 1,000 employees as it cuts costs after a sharp fall in usage of its flagship game, Fortnite. Chief Executive Tim Sweeney told employees the company had been spending "significantly more... Read More.

Dollar General names retail veteran Jerry Fleeman Jr. as new CEO

Tuesday, March 24 by SRN News

March 24 (Reuters) - Dollar General on Tuesday named Jerry "JJ" Fleeman Jr. as its new chief executive officer, effective January 1, 2027, replacing company veteran Todd Vasos. Fleeman is currently the CEO of the U.S. division of multinational retailer Ahold Delhaize, and has worked... Read More.

NYSE teams up with Securitize to develop tokenized securities platform

Tuesday, March 24 by SRN News

March 24 (Reuters) - The New York Stock Exchange, part of Intercontinental Exchange, announced a collaboration on Tuesday with digital asset company Securitize to help create tokenized versions of traditional financial securities. Securitize will serve as the first digital transfer agent eligible to create blockchain-based... Read More.

Wall St opens lower as Middle East uncertainty tempers rally

Tuesday, March 24 by SRN News

March 24 (Reuters) - Wall Street's main indexes opened lower on Tuesday as renewed doubts over easing Middle East tensions tempered the previous session's relief rally despite President Donald Trump's decision to delay strikes on Iran's power grid. The Dow Jones Industrial Average fell 108.6... Read More.

FedEx launches same-day delivery service amid US delivery race

Tuesday, March 24 by SRN News

March 24 (Reuters) - FedEx said on Tuesday it had launched a same-day delivery service with last-mile delivery software company OneRail, as retailers and logistics firms race to speed up order fulfillment. The service, called FedEx SameDay Local, lets customers choose narrower delivery windows, including... Read More.

Peltz’s Trian, General Catalyst raise offer for Janus Henderson

Tuesday, March 24 by SRN News

March 24 (Reuters) - Janus Henderson said on Tuesday that Trian and General Catalyst have raised their bid to acquire the asset manager to $52 per share. The new offer, which represents a 25% premium to Janus' unaffected stock price and is $3 per share... Read More.

Estee Lauder confirms talks with Spanish perfume maker Puig

Tuesday, March 24 by SRN News

NEW YORK (AP) - Estee Lauder and the perfume maker Puig are in merger talks that would potentially put brands like MAC, Clinique, Charlotte Tilbury and Jean Paul Gaultier under one roof. Estee Lauder Cos. confirmed the discussions but said that no agreement has... Read More.

US fourth-quarter productivity growth revised sharply lower

Tuesday, March 24 by SRN News

WASHINGTON, March 24 (Reuters) - U.S. worker productivity growth slowed more than initially thought in the fourth quarter, government data showed, boosting growth in unit labor costs. Nonfarm productivity, which measures hourly output per worker, increased at a downwardly revised 1.8% annualized rate last quarter,... Read More.

Aspex calls for Delivery Hero CEO’s removal in escalation of campaign

Tuesday, March 24 by SRN News

FRANKFURT, March 24 (Reuters) - Aspex, a major Delivery Hero shareholder, on Tuesday urged the online takeaway group's supervisory board to oust the CEO and his top management team, escalating the investor's push for a strategic overhaul. "Wholesale changes in the management team will be... Read More.

Smithfield Foods beat quarterly results estimates on resilient demand for pork

Tuesday, March 24 by SRN News

March 24 (Reuters) - Smithfield Foods beat analysts' estimates for fourth-quarter sales and profit on Tuesday, helped by resilient demand for packaged meats and cost-saving efforts, lifting the U.S. pork processor's shares nearly 4% higher in premarket trading. More U.S. consumers are opting to cook... Read More.

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Current Weather

Epic Games to cut more than 1,000 jobs as Fortnite usage falls

Dollar General names retail veteran Jerry Fleeman Jr. as new CEO

NYSE teams up with Securitize to develop tokenized securities platform

Wall St opens lower as Middle East uncertainty tempers rally

FedEx launches same-day delivery service amid US delivery race

Peltz’s Trian, General Catalyst raise offer for Janus Henderson

Estee Lauder confirms talks with Spanish perfume maker Puig

US fourth-quarter productivity growth revised sharply lower

Aspex calls for Delivery Hero CEO’s removal in escalation of campaign

Smithfield Foods beat quarterly results estimates on resilient demand for pork

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