Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Citigroup considering at least 10% job cuts in major businesses – CNBC
(Reuters) -Citigroup's managers and consultants working on CEO Jane Fraser's reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday, citing people ...
Nov 06, 2023
Bain Capital to buy consulting firm Guidehouse in $5.3 billion deal
(Reuters) -Private equity firm Bain Capital will acquire government and business consulting firm Guidehouse in a deal valued at $5.3 billion, the companies said on Monday. Mergers and acquisitions act...
Nov 06, 2023
Bumble founder Wolfe Herd to hand over CEO role to Slack’s Lidiane Jones
(Reuters) -Dating app operator Bumble said founder Whitney Wolfe Herd will step down as chief executive and hand over the role to seasoned tech and business executive Lidiane Jones, sending its shares...
Nov 06, 2023
Hilton Grand to buy Bluegreen Vacations in $1.5 billion deal
(Reuters) - Hilton Grand Vacations said on Monday it would buy Bluegreen Vacations in a $1.5 billion deal. (Reporting by Aatreyee Dasgupta in Bengaluru)
Nov 06, 2023
Dish swings to surprise loss as pay-TV subscribers slump
(Reuters) - Dish Network posted a surprise loss for the third quarter as pay TV subscriptions dropped more than expected in the face of tough competition from streaming services, sending its shares do...
Nov 06, 2023
Brazil’s Embraer posts 34% profit jump, maintains outlook
SAO PAULO (Reuters) - Brazilian planemaker Embraer on Monday reported a third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, and reiterated its outlooks for the full year de...
Nov 06, 2023
Hedge funds pile into US stock rally at fastest pace in 2 years – Goldman Sachs
By Nell Mackenzie LONDON (Reuters) - Hedge funds last week "aggressively" bought U.S. stocks at the fastest pace in two years, said a Goldman Sachs note, with traders jumping into a stock rally fuelle...
Nov 06, 2023
Starbucks to raise wage for U.S. store workers by at least 3% from 2024
(Reuters) - Starbucks will raise the hourly pay for its U.S. retail workers by at least 3% from 2024, it said on Monday as it plans to expand its store count amid strong demand for its coffees from yo...
Nov 06, 2023
Mexican businesses warmed by glow of ‘nearshoring’ dawn
By Noe Torres MEXICO CITY (Reuters) - Mexican businesses, particularly those linked to real estate and construction, are counting on investment from so-called "nearshoring" to boost profits and econom...
Nov 06, 2023
BioNTech cuts 2023 revenue target on reduced prospects for vaccine
FRANKFURT (Reuters) - BioNTech has cut its 2023 revenue target by about 1 billion euros ($1.1 billion) on lower demand for the COVID-19 vaccine made with Pfizer but said the impact from write-downs at...
Nov 06, 2023
