Adidas became the latest organization to distance itself from artist Kanye West this week when it ended its partnership with the rapper after he recently made a series of controversial Read more
Tag: cuts
Credit Suisse bringing back ‘First Boston’ name as it plans up to 9,000 job cuts
Credit Suisse is bringing back the “First Boston” name after 17 years as the Swiss bank unveiled a sweeping restructuring that includes a big investment from Saudi Arabia, the sale Read more
Credit Suisse bringing back ‘First Boston’ name as it plans up to 9,000 job cuts
Credit Suisse is bringing back the “First Boston” name after 17 years as the Swiss bank unveiled a sweeping restructuring that includes a big investment from Saudi Arabia, the sale Read more
Adam Laxalt wants to extend Trump’s tax cuts, stop ‘absurd’ government spending
Adam Laxalt, a Nevada Republican in a closely watched Senate race, says he’ll fight high inflation by aiming to tighten the federal government’s purse strings, and the former state attorney Read more
Tesla stock falls, but these bulls aren’t sweating vehicle price cuts in China
Tesla Inc. shares fell on Monday after the company cut prices on several vehicles in China. The state of China demand has been a key question for the electric-vehicle maker, Read more
Galp swings to profit, cuts guidance
Galp Energia SGPS SA on Monday said that it swung to profit in the third quarter with strong operational performance across segments, and adjusted guidance for the full year. The Read more
Telia cuts guidance amid higher energy costs, as net profit misses views
STOCKHOLM — Telia Co. AB on Friday reported slightly worse-than-expected third-quarter net profit and downgraded its guidance amid high current energy prices. The Swedish telecommunications operator TELIA, -6.86% said it Read more
Ally Financial cuts view as it prepares for more auto loans that won’t be repaid
Ally Financial Inc. ALLY, -8.64% on Wednesday missed its third-quarter earnings and revenue targets and issued a weaker-than-expected profit outlook for the coming quarter, as the consumer lender marked down Read more
Morgan Stanley evaluating job cuts, CEO says
Morgan Stanley CEO James Gorman said the marquee investment bank is studying potential job cuts as the latest big financial institution to look for ways to reduce costs headed into Read more
U.K. chancellor throws out almost all major tax cuts from the mini-budget and pares back energy support
The U.K.’s new Chancellor of the Exchequer Jeremy Hunt has scrapped the majority of the £45 billion previously announced unfunded tax cuts in an emergency statement on the mini-budget. Hunt Read more