Latest in Bristol Myers Squibb plans $2 billion in cost cuts by 2027, issues weak guidance
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BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - Jan. 16 -
BP to cut 4,700 jobs to reduce costs
The job losses at the oil giant will affect more than 5% of its global workforce.BBC News - Jan. 16 -
Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.CNBC - Jan. 16 -
The Money Money Money Issue
WIRED sent reporters far and wide to find out who controls the world's wealth. What did they find? Men. From Trump, Musk, and Putin to the CEOs, crypto schmoes, and solar bros, meet the patriarchy ...Wired - Jan. 16 -
A.I. Military Start-Up Anduril Plans $1 Billion Factory in Ohio
The company said its Columbus plant could eventually produce tens of thousands of autonomous systems and weapons each year.The New York Times - Jan. 16 -
TSMC cuts profitability target as cost of diversifying supply chains bites
World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demandFinancial Times - Jan. 16 -
Ilona Maher: Bristol Bears stint can help me ‘fit seamlessly’ into USA team
Sevens star is gaining 15s experience in England She hopes to be play in Rugby World Cup this year Ilona Maher says the measure of success with Bristol for her would be if she has “caught up” ...The Guardian - Jan. 15 -
Wells Fargo shares jump after earnings beat, strong 2025 guidance
The lender expects 2025 net interest income, a key measure of what a bank makes on lending, to be 1% to 3% higher than 2024's number of $47.7 billion.CNBC - Jan. 15 -
FDA to cut nicotine from cigarettes, in plan first floated under Trump
It will be up to the returning Trump administration to decide whether to finalize the rule.CBS News - Jan. 15 -
Pakistan's premier welcomes World Bank's 10-year funding plan of $20 billion
Pakistan’s prime minister has welcomed the first-of-its-kind agreement with the World Bank under which his country will receive $20 billion in the next decade to invest in renewable energy, ...ABC News - Jan. 15 -
Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says
The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.MarketWatch - Jan. 15 -
Experian Posts Revenue Growth in Line With Guidance
The company reported total revenue growth of 8% at constant exchange rates for the third quarter of fiscal 2025, and confirmed its guidance for the year.The Wall Street Journal - Jan. 15 -
How do UK regulators plan to cut back rules and boost growth?
Chancellor Rachel Reeves wants the regulatory sector to do more to drive the economyFinancial Times - Jan. 15 -
Capital One Is Accused of Cheating Customers Out of $2 Billion
Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as rates rose.The New York Times - Jan. 14 -
CFPB sues Capital One for 'cheating' customers out of over $2 billion in interest
The Consumer Financial Protection Bureau announced it was suing Capital One for "cheating" customers out of more than $2 billion in interest.CNBC - Jan. 14 -
Inside Elon Musk’s Plan for DOGE to Slash Government Costs
Mr. Musk has turned to Silicon Valley to help recruit executives who will take up unofficial positions across the federal government.The New York Times - Jan. 13 -
Spike in UK borrowing costs raises specter of public spending cuts
Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.CNBC - Jan. 13 -
UK companies plan to invest in AI instead of hiring staff as costs rise
A new poll says 51 per cent of business leaders aim to redirect investment this yearFinancial Times - Jan. 13 -
'Arteta paying price for not curing glaring Arsenal weakness'
Arsenal's season is in the balance, as their FA Cup exit highlights manager Mikel Arteta's failure to sign a striker.BBC News - Jan. 12 -
'No room for weakness' - Australia deliver statement win
Australia show they can win even with a below-par performance, sending England an early warning in the opening match of the Women's Ashes.BBC News - Jan. 12 -
Exeter Chiefs vs. Bristol Bears: How to watch Ilona Maher’s next rugby match
Are you ready for Ilona Maher's next Bristol Bears match?Yahoo Sports - Jan. 11 -
New evacuations issued in Palisades Fire
New evacuation orders were issued last night as the Palisades Fire crept towards Brentwood, California. It shows how difficult the fight against the wildfires remains, even as tens of thousands of ...CBS News - Jan. 11 -
Walgreens shares soar 27% on big earnings beat, as drugstore chain cuts costs
Walgreens maintained its fiscal 2025 adjusted earnings guidance, but did not include a sales outlook in its release.CNBC - Jan. 10 -
Tilray’s stock slumps as cannabis and beer company plans to cut its drinks lineup
Tilray Brands’ stock fell Friday after the beer and cannabis company said it expects a $20 million impact on its full-year revenue as it embarks on a cost-cutting plan that will reduce the number ...MarketWatch - Jan. 10 -
The Costs of the Los Angeles Fires
Damages are now estimated to reach up to $57 billion. The blazes add to a string of climate-related catastrophes hitting businesses and homeowners.The New York Times - Jan. 10 -
Why Elon Musk had to drop his ‘DOGE’ pledge to cut $2 trillion from the federal budget
We told you he would months ago, when he made the promise.MarketWatch - Jan. 10 -
L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.
Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.MarketWatch - Jan. 10 -
Bang & Olufsen Confirms Guidance
The consumer-electronics company maintained its full-year guidance and said it is now ready to accelerate its strategic plan to drive profitable growth.The Wall Street Journal - Jan. 10 -
Rebels issue demand for RFU chief Sweeney sacking
The crisis at the top of English rugby erupts as rebels call for a final confrontation over Rugby Football Union's embattled chief executive Bill SweeneyBBC News - Jan. 9 -
4 in 10 companies planning job cuts due to AI: Survey
Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...The Hill - Jan. 9 -
Elon Musk says DOGE probably won't find $2 trillion in federal budget cuts
Tech billionaire Elon Musk said Wednesday that his budget-cutting effort on behalf of President-elect Donald Trump would most likely not find $2 trillion in savings, backtracking on a goal he set ...NBC News - Jan. 9 -
Albertsons leans on technology and cost cuts to go it alone — but faces this near-term hurdle
With no Kroger merger to rely on, grocery chain Albertsons said it would lean into an array of initiatives to drive growth.MarketWatch - Jan. 8 -
Anthropic in Talks for $2 Billion Funding Round
The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.The New York Times - Jan. 8 -
AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation
The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.Inc. - Jan. 8 -
Alphaville LLC issues new research report on Greenland
A sell-side icebreakerFinancial Times - Jan. 8 -
Tips for cutting down winter heating costs and electricity bills
From setting your thermostat between 68 and 70 degrees to properly sealing your home, NBC’s Vicky Nguyen joins TODAY to share ways you can save on home heating and electricity bills during the ...NBC News - Jan. 8
