By Sarah N. Lynch WASHINGTON (Reuters) – Former U.S. Attorney General William Barr created security risks when he deployed unprepared federal law enforcement officers to respond to racial justice protests near the White House in 2020, according to a Justice Department review released on Wednesday. The report focused on the role Barr played in responding […]
(Reuters) – Walt Disney plans to eliminate some jobs in its TV unit to cut costs in an eroding business, Bloomberg News reported on Wednesday, citing people familiar with the matter. The Mouse House will cut about 140 positions, around 2% of staff at Disney Entertainment Television and about 13% of jobs at NatGeo, which […]
By Abhijith Ganapavaram and Allison Lampert (Reuters) -Boeing on Wednesday named aerospace industry veteran Kelly Ortberg as its CEO to turn around the struggling planemaker after a quarter where it lost more than $1 billion. Ortberg will start on Aug. 8 with the monumental task of rebuilding trust with regulators, the industry and the public […]
By Nupur Anand NEW YORK (Reuters) – Well Fargo has hired former BNY executive Bridget Engle as its new head of technology, according to a release seen by Reuters. Engle who will also be part of the bank’s operating committee, reporting to CEO Charlie Scharf, is tasked with looking at technology across the firm. Scharf […]
DETROIT (Reuters) – Jeep-maker Stellantis said on Tuesday it is offering a new round of voluntary buyouts to its U.S. salaried workers, the latest in a series of cost-cutting measures CEO Carlos Tavares is placing on its American operations. The Netherlands-based automaker laid off 400 U.S. salaried workers in March and last year twice offered […]
By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) – World stocks were mixed in choppy trading on Monday as investors were jittery ahead of major corporate earnings reports and central bank moves, and concern over the global economic outlook dented commodities and oil prices touched early June lows. Global crude benchmark futures fell 1.4% as […]
WASHINGTON (Reuters) – Democratic presidential candidate Kamala Harris launched a $50 million advertising blitz on Tuesday, capitalizing on the momentum of a fledgling campaign against Republican rival Donald Trump with a one-minute spot titled “Fearless.” It was Harris’ first big ad buy since consolidating support for the Democratic nomination after President Joe Biden dropped out […]
(Reuters) – Tesla shares jumped nearly 6% on Monday after Morgan Stanley named the most valuable automaker its “top pick” in the U.S. automotive industry, replacing Ford. The brokerage said Tesla’s energy business could potentially grow to be worth more than the company’s auto business in the future, as investors were likely to focus on […]
By Laila Kearney NEW YORK (Reuters) -Oil fell by nearly 2% on Monday after Israeli officials said they wanted to avoid dragging the Middle East into an all-out war while responding to a deadly rocket strike in the Israeli-occupied Golan Heights over the weekend. Brent crude oil futures settled at $79.78 a barrel, falling $1.35, […]
By Maya Gebeily, Laila Bassam and Timour Azhari (Reuters) – The United States is leading a diplomatic dash to deter Israel from striking Lebanon’s capital Beirut or major civil infrastructure in response to a deadly rocket attack on the Golan Heights, five people with knowledge of the drive said. Washington is racing to avert a […]
