Business

Morgan Stanley to lay off about 3% of its workforce as job cuts continue in financial sector

Thursday, March 5 by SRN News

NEW YORK (AP) - Morgan Stanley is laying off roughly 2,500 employees as job cuts continue this year in the financial sector. The layoffs at Morgan Stanley, which account for roughly 3% of its workforce, are taking place across the entirety of investment bank,... Read More.

Elon Musk defends tweets in lawsuit alleging they caused Twitter stock to fall before acquisition

Thursday, March 5 by SRN News

SAN FRANCISCO (AP) - Elon Musk continued to defend his actions in the months leading up to his 2022 purchase of Twitter in court Thursday as he faces a class action lawsuit claiming he misled investors and caused them to lose millions of dollars.... Read More.

Cologne Cathedral, one of Germany’s best-known landmarks, to charge tourists for admission

Thursday, March 5 by SRN News

BERLIN (AP) - Cologne Cathedral, a famous German landmark and popular tourist draw, will start charging an admission fee to visitors as church officials struggle with rising maintenance costs, according to an announcement on Thursday. The Catholic cathedral's chapter said it will start charging tourists... Read More.

Berkshire Hathaway resumes share repurchases, CEO Abel buys Berkshire stock

Thursday, March 5 by SRN News

NEW YORK, March 5 (Reuters) - Berkshire Hathaway said on Thursday it has begun repurchasing its own shares following a nearly two-year hiatus, as Greg Abel puts his stamp on the conglomerate after succeeding Warren Buffett as chief executive in January. The repurchases began on... Read More.

Denmark is set to explore if gastronomy can be recognized as an art form

Thursday, March 5 by SRN News

COPENHAGEN, Denmark (AP) - Imagine dining on "edible plastic" made from algae and collagen from fish skins. While you ingest the dish, ocean-borne plastic pollution seemingly floats above you, projected across the restaurant's huge domed ceiling. It's an experience - and dish - inspired... Read More.

USA Rare Earth to acquire remaining stake in Texas Round Top deposit for $73 million

Thursday, March 5 by SRN News

March 5 (Reuters) - USA Rare Earth said on Thursday it would acquire the remaining minority interest in a Texas rare earth deposit in an all-stock transaction worth $73 million, as part of its efforts to boost domestic production of critical minerals. The company will... Read More.

Kroger forecasts muted annual sales and profit as new CEO takes helm

Thursday, March 5 by SRN News

March 5 (Reuters) - Kroger forecast tepid annual sales and profit on Thursday, as the supermarket chain operator navigates an uncertain spending environment under a new CEO. The company is reporting its first set of results under CEO Greg Foran, who delivered 20 straight quarters... Read More.

Delta reshuffles top ranks as CFO Janki moves to COO, Carter to president

Thursday, March 5 by SRN News

By Rajesh Kumar Singh CHICAGO, March 5 (Reuters) - Delta Air Lines on Thursday announced a broad leadership shake-up, naming Chief Financial Officer Dan Janki as chief operating officer and promoting Peter Carter to president as the carrier prepares for the retirement of longtime operations... Read More.

BYD unveils faster-charging Blade Battery to revive China sales

Thursday, March 5 by SRN News

BEIJING/SHANGHAI, March 5 (Reuters) - BYD unveiled its first major battery upgrade in six years on Thursday, as the Chinese electric vehicle maker seeks to regain momentum in a highly competitive domestic market after a steep sales slump. The second-generation Blade Battery can charge rapidly... Read More.

Fed’s Barkin: Sticky inflation, better jobs data could shift the risk outlook for the Fed – BBG TV

Thursday, March 5 by SRN News

WASHINGTON, March 5 (Reuters) - Richmond Fed president Tom Barkin said still high inflation and stronger recent jobs numbers may shift the Fed's risk outlook at a time when the U.S. conflict with Iran could further push up key consumer prices. Fed rate cuts last... Read More.

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Morgan Stanley to lay off about 3% of its workforce as job cuts continue in financial sector

Elon Musk defends tweets in lawsuit alleging they caused Twitter stock to fall before acquisition

Cologne Cathedral, one of Germany’s best-known landmarks, to charge tourists for admission

Denmark is set to explore if gastronomy can be recognized as an art form

USA Rare Earth to acquire remaining stake in Texas Round Top deposit for $73 million

Kroger forecasts muted annual sales and profit as new CEO takes helm

Delta reshuffles top ranks as CFO Janki moves to COO, Carter to president

BYD unveils faster-charging Blade Battery to revive China sales

Fed’s Barkin: Sticky inflation, better jobs data could shift the risk outlook for the Fed – BBG TV

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