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March 14 (Reuters) – Silicon Valley Bank’s brand-new President Tim Mayopoulos on Tuesday advised the stopped working bank’s leading equity capital customers to move their deposits to its recently produced bridge entity, individuals who participated in a virtual conference with him stated. The Federal Deposit Insurance Coverage Corporation (FDIC) designated the previous Fannie Mae CEO… […]

NEW YORK CITY, March 14 (Reuters) – SVB Financial Group ( SIVB.O) stated on Tuesday that Goldman Sachs Group Inc ( GS.N) was the acquirer of a bond portfolio on which it scheduled a $1.8 billion loss, a deal that set in movement the failure of SVB. The loss on the portfolio was the factor… […]

Chinese economic growth falls short of expectationsTwo of three Libyan fields have resumed outputRussian oil exports from western ports set to fall -sourcesHOUSTON, July 17 (Reuters) – Oil dropped by more than 1.5% on Monday after weaker than expected Chinese economic growth raised doubts over the strength of demand in the world’s second biggest oil… […]

DEATH VALLEY, California, July 16 (Reuters) – An extreme heatwave peaked in the western United States on Sunday, with temperatures reaching 128 Fahrenheit (53 Celsius) in the California desert, while flash flooding continued to menace the Northeast, killing at least five people.Nearly a quarter of the U.S. population fell under extreme heat advisories, partly due… […]

SummaryCompaniesLaw FirmsJ&J alleges researchers used “junk science” to disparage company’s productsDefendants say the lawsuits are meant to “silence” scientistsJuly 12 (Reuters) – Johnson & Johnson has sued four doctors who published studies citing links between talc-based personal care products and cancer, escalating an attack on scientific studies that the company alleges are inaccurate.J&J’s subsidiary LTL… […]

CHICAGO, July 15 (Reuters) – United Airlines (UAL.O) and its pilots on Saturday reached a labor agreement that will give the latter a significant pay increase, after the union rejected an earlier offer last year instead to seek even higher wages with pilots in short supply.The pilots will get cumulative 34.5%-40.2% increase in pay raises… […]

July 15 (Reuters) – Tesla (TSLA.O) built its first Cybertruck at the electric-vehicle marker’s plant in Austin, Texas, the company said in a tweet on Saturday, after two years of delays.Tesla founder Elon Musk introduced the pickup truck in a 2019 reveal where the vehicle’s designer cracked the vehicle’s supposedly unbreakable “armor glass” windows.The company… […]

[1/2]The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. REUTERS/Denis Balibouse/File PhotoZURICH, July 15 (Reuters) – A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that… […]

[1/5]Citizen scientist from Mote Laboratories replants corals on Florida’s Keys vulnerable reefs, in Key West, Florida, U.S., July 13, 2023. REUTERS/Maria Alejandra CardonaMIAMI/KEY WEST, Florida, July 15 (Reuters) – Rising temperatures in Florida’s waters due to climate change have sparked an extreme stressor for coral reefs causing bleaching, which has scientists concerned.”In the last year,… […]

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