by Reuters | Dec 7, 2023 | Business
By Marcelo Teixeira NEW YORK (Reuters) -Mercon Coffee Group, one of the world’s largest coffee traders, has filed for bankruptcy protection in the U.S. due to what it defined as “exceptionally challenging operating environment,” according to a...
by Reuters | Dec 7, 2023 | Business
(Corrects paragraph 4 to clarify that Duke Energy disconnected batteries not because of its own security concerns but instead after lawmakers raised concerns) BEIJING/SHANGHAI (Reuters) – Chinese battery giant CATL has hit back at U.S. utility firm Duke...
by Reuters | Dec 7, 2023 | Business
By Bhanvi Satija and Khushi Mandowara (Reuters) – AbbVie’s decision to buy Cerevel Therapeutics before key data on the drug developer’s experimental schizophrenia treatment may have helped it avoid a potential bidding war but comes with several...
by Reuters | Dec 7, 2023 | Business
By Zaheer Kachwala (Reuters) -GameStop shares reversed course to gain 2% on Thursday as cost cuts at the brick-and-mortar videogame retailer offered some relief to investors worried about its slowing pivot to e-commerce. The stock had dropped as much as 8% in early...
by Reuters | Dec 7, 2023 | Business
By Pete Schroeder, Michelle Price and Lananh Nguyen WASHINGTON (Reuters) -The top bosses of JPMorgan, Morgan Stanley, Goldman Sachs and other major banks warned on Wednesday that capital hikes and other new rules will hurt lending and the economy during a Senate...
by Reuters | Dec 6, 2023 | Business
(Reuters) -Hollywood actors on Tuesday approved a three-year contract with major studios and streamers, formally ending the six months of labor disputes that had brought the industry to a standstill. Members of the SAG-AFTRA union had already returned to work in...
