SAS bridge financing keeps survival hopes airborne, shares climb

SAS Link’s Embraer E195 aircraft lands at Kastrup Airport, as pilots of Scandinavian Airlines go on strike, in Kastrup, Denmark July 4, 2022. TT News Agency/Johan Nilsson via REUTERS Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, Aug 15 (Reuters) – Scandinavian airline SAS (SAS.ST) kept its bid for survival aloft at the … Read more

Former Deutsche Bank co-CEO Anshu Jain dies

Aug 13 (Reuters) – Anshu Jain, a top finance executive best known for helping German lender Deutsche Bank AG (DBKGn.DE) take on the largest Wall Street firms, died overnight on Saturday after a five-year battle with cancer, his family said. He was 59. Jain, who was born in India, spent two decades building Deutsche Bank … Read more

Peloton to cut jobs, shut stores and raise prices in company-wide revamp

Aug 12 (Reuters) – Peloton Interactive Inc (PTON.O) said on Friday it would cut jobs, shut stores and raise prices on its exercise equipment including treadmills and top-end bikes as it undertakes a company-wide revamp to shore up its revenue and improve cash flow. Shares of the company surged about 11% in afternoon trade after … Read more

SoftBank plans Vision Fund job cuts after record net loss

SoftBank was in a bubble on valuations – Son No sacred areas for cost cuts – Son SoftBank has exited stake in Uber Announced Y400 monthly share buyback TOKYO, Aug 8 (Reuters) – SoftBank Group Corp (9984.T) is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son said on Monday, … Read more

Robinhood shares jump 12% on job cuts, smaller-than-feared loss

The logo of Robinhood Markets Inc is seen at a pop-up event on Wall Street after the company’s IPO in New York City, US, July 29, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 3 (Reuters) – Shares of Robinhood Markets Inc closed up nearly 12% on Wednesday, a … Read more

Oracle starts job cuts in US – The Information

3D printed clouds and figurines are seen in front of the Oracle cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Oracle Corp (ORCL.N) has started to lay off employees in the United States, The Information said on Monday, … Read more

Analysis: Wall Street weighs job cuts as deals slide in battered markets

NEW YORK, July 29 (Reuters) – Wall Street bosses are in a bind about whether to cut investment bankers or keep them on staff in hopes of a recovery from a brutal first half. With risks of a recession looming and the Federal Reserve raising rates aggressively to stem inflation, prospects for arranging and financing … Read more

Weber replaces CEO, warns of layoffs as inflation bites into business

CEO Chris Scherzinger rings a ceremonial bell on the trading floor at the New York Stock Exchange (NYSE) during the Weber Inc. initial public offering (IPO) in Manhattan, New York City, US August 5, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register July 25 (Reuters) – Weber Inc (WEBR.N) on Monday … Read more

EV maker Rivian plans to cut hundreds of jobs – Bloomberg News

The logo for electric vehicle company Rivian is seen on the hood of its R1T all-electric truck in Mill Valley, California, US, January 25, 2020. REUTERS/Nathan Frandino/File Photo Register now for FREE unlimited access to Reuters.com Register July 11 (Reuters) – Electric vehicle maker Rivian Automotive (RIVN.O) plans to cut hundreds of jobs, possibly around … Read more

GameStop fires chief financial officer, shares fall

July 7 (Reuters) – GameStop Corp (GME.N) said on Thursday it had terminated the employment of Chief Financial Officer Michael Recupero, sending shares of the video game retailer down 8% in extended trading. The exit was first reported by Axios, which also said the company was laying off an undisclosed number of employees, citing a … Read more