Business

Wendy’s closes US restaurants and focuses on value to turn around falling sales

Friday, February 13 by SRN News

Wendy's is closing several hundred U.S. restaurants and increasing its focus on value after a weaker-than-expected fourth quarter. The Dublin, Ohio-based company said Friday that its global same-store sales, or sales at locations open at least a year, fell 10% in the October-December period. That... Read More.

US bank regulators move closer to proposing new ‘Basel’ rules for large banks

Friday, February 13 by SRN News

By Pete Schroeder WASHINGTON, Feb 13 (Reuters) - U.S. bank regulators appear to be moving closer to proposing a new version of the so-called "Basel endgame" rules dictating how large banks must measure their risk, according to regulatory filings posted this week. The Federal Deposit Insurance... Read More.

US consumer prices increase marginally, but inflation pressures persist

Friday, February 13 by SRN News

By Lucia Mutikani WASHINGTON, Feb 13 (Reuters) - U.S. consumer prices increased less than expected in January amid cheaper gasoline and a moderation in rental inflation, but households faced higher costs for services, suggesting little urgency for the Federal Reserve to resume cutting interest rates... Read More.

Instacart shares soar as upbeat forecast tempers competition fears

Friday, February 13 by SRN News

By Angela Christy M Feb 13 (Reuters) - Instacart's shares surged as much as 19% on Friday after the online grocery delivery company, a go-to for millions of Americans, issued an upbeat first-quarter forecast that eased worries about growing competition. Shares of the company, formerly known... Read More.

Goldman Sachs CEO tells CNBC he ‘reluctantly accepted’ lawyer Ruemmler’s resignation

Friday, February 13 by SRN News

Feb 13 (Reuters) - Goldman Sachs CEO David Solomon said he had reluctantly accepted Chief Legal Officer Kathy Ruemmler's resignation, he told CNBC on Friday and stressed that he respected her decision to leave. "I reluctantly accepted her resignation, but I respect her decision," he... Read More.

JPMorgan customers can sue over low rates on cash sweeps, US judge rules

Friday, February 13 by SRN News

By Jonathan Stempel NEW YORK, Feb 13 (Reuters) - JPMorgan Chase must face part of a proposed class action lawsuit accusing the largest U.S. bank of paying brokerage and retirement account holders near-zero interest rates instead of market rates on their idle cash, a federal... Read More.

US allows oil majors to broadly operate in Venezuela, new energy investments

Friday, February 13 by SRN News

By Timothy Gardner WASHINGTON, Feb 13 (Reuters) - The U.S. eased sanctions on Venezuela's energy sector on Friday, issuing two general licenses that allow global energy companies to operate oil and gas projects in the OPEC member and for other companies to negotiate contracts to... Read More.

Logistics giant DP World replaces chairman named in Jeffrey Epstein documents

Friday, February 13 by SRN News

CAIRO (AP) - Dubai has announced a new chairman for DP World, one of the world's largest logistics companies, replacing the outgoing head who was named in the Jeffrey Epstein documents. The announcement by the government's Dubai Media Office did not specifically name Sultan Ahmed... Read More.

L’Oreal favours early access to Gucci beauty licence as Kering, Coty work towards deal, says CEO

Friday, February 13 by SRN News

By Dominique Patton and Tassilo Hummel PARIS, Feb 13 (Reuters) - L'Oreal would welcome gaining access to the Gucci beauty licence earlier than 2028, CEO Nicolas Hieronimus said on Friday, adding that the issue was being discussed between Gucci-owner Kering and current licence holder Coty. The... Read More.

Amazon scraps partnership with surveillance company after Super Bowl ad backlash

Friday, February 13 by SRN News

Amazon's smart doorbell maker Ring has terminated a partnership with police surveillance tech company Flock Safety. The announcement follows a backlash that erupted after 30-second Ring ad that aired during the Super Bowl featuring a lost dog that is found through a network of... Read More.

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Current Weather

Wendy’s closes US restaurants and focuses on value to turn around falling sales

US bank regulators move closer to proposing new ‘Basel’ rules for large banks

US consumer prices increase marginally, but inflation pressures persist

Instacart shares soar as upbeat forecast tempers competition fears

Goldman Sachs CEO tells CNBC he ‘reluctantly accepted’ lawyer Ruemmler’s resignation

JPMorgan customers can sue over low rates on cash sweeps, US judge rules

US allows oil majors to broadly operate in Venezuela, new energy investments

Logistics giant DP World replaces chairman named in Jeffrey Epstein documents

L’Oreal favours early access to Gucci beauty licence as Kering, Coty work towards deal, says CEO

Amazon scraps partnership with surveillance company after Super Bowl ad backlash

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