May 08, 2023
Twitter beats two lawsuits stemming from mass layoffs, for now

By Daniel Wiessner (Reuters) -A California federal judge on Monday dismissed a proposed class action accusing Twitter Inc of targeting female employees for layoffs after Elon Musk acquired the company last year, but said plaintiffs would be allowed to amend…

May 05, 2023
Dow has best day since Jan. 6 after Apple rally, jobs data

By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks rallied on Friday, with the Dow posting its biggest one-day percentage gain since Jan. 6, as shares of Apple surged more than 4% after upbeat results and U.S. jobs data pointed…

May 02, 2023
Ford’s Kentucky Truck Plant road-tests a new quality strategy

By Joseph White LOUISVILLE, Kentucky (Reuters) - Shutting down the assembly lines that build Super Duty pickup trucks at Ford Motor Co's Kentucky Truck Plant is a multimillion-dollar action company managers try hard to avoid. As part of a new…

May 01, 2023
Explainer-With Bluesky, Jack Dorsey has another go at Twitter-like service

(Reuters) - Jack Dorsey is taking another whack at a Twitter-like service with a new social media platform called Bluesky. The service is gaining traction among Twitter power users, attracting prominent personalities including U.S. Congresswoman Alexandria Ocasio-Cortez. Bluesky, which bears…

May 01, 2023
One-third of US nurses plan to quit profession – report

By Khushi Mandowara and Leroy Leo (Reuters) - Almost a third of the nurses in the United States are considering leaving their profession after the COVID-19 pandemic left them overwhelmed and fatigued, according to a survey. The survey of over…

May 01, 2023
The road to First Republic Bank’s collapse

(Reuters) - JPMorgan Chase & Co is buying most of First Republic Bank's assets, which had been seized by United States regulators, in a last-ditch rescue for the strained lender, marking the third major U.S. bank to fail in two…

Apr 28, 2023
Highlights from the Fed review of SVB oversight

(Reuters) - The Federal Reserve issued a detailed and scathing assessment on Friday of its failures to identify problems and push for fixes at Silicon Valley Bank before the regional U.S. lender's March 10 collapse, and called for stricter rules…

Apr 27, 2023
FBI searches home of top FTX executive – NYT

(Reuters) - The FBI carried out a search on Thursday morning at the Potomac, Md., home of former FTX executive Ryan Salame, the New York Times reported, citing two people with knowledge of the matter said. The FBI, Salame and…