Verizon to Post $1.4 Billion Severance Charge After 4,800 Workers Take Buyout

AT&T’s stock rises as subscriber beat overshadows a big charge

The telecom giant took a $4.4 billion goodwill impairment charge related to its business-wireline unit, which is under pressure as business customers cut back on legacy voice services.

Business - MarketWatch - October 23

Verizon’s ‘healthy’ earnings are met with a shrug once again

Verizon’s stock is headed for its third post-earnings decline in a row.

Business - MarketWatch - October 22

Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.

Business - CNBC - October 30

Kroger to pay nearly $1.4 billion to settle opioid lawsuit claims

Supermarket chain Kroger has finalized a nearly $1.4 billion agreement to settle the majority of the claims made by states, counties and Native American tribes that accused the company of helping ...

Politics - The Hill - 4 days ago

Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop

OpenAI CEO Sam Altman's stake in Reddit has ballooned to more than $1 billion in value, as of after-hours trading on Tuesday.

Business - CNBC - October 29

Coinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop

Coinbase's success in helping its candidates win their elections on Tuesday sent the company's stock price soaring, lifting CEO Brian Armstrong's net worth.

Business - CNBC - 2 days ago

Texas man charged for punching election worker after asking to remove Trump hat

A Texas man was charged after punching an election worker who asked him to remove a hat in support of former President Trump at a polling place. The suspect was identified as Jesse Lutzenberger by ...

Politics - The Hill - October 26

NFL owners approve Jacksonville's $1.4 billion 'stadium of the future' set to open in 2028

NFL owners have unanimously approved Jacksonville’s $1_4 billion “stadium of the future."

Sports - ABC News - October 15

Harris campaign says results could take ‘several days’

Vice President Harris’s campaign on Monday warned it could take several days for the final result of the 2024 election, urging people to stay clam. “We believe this race is going to be incredibly ...

Politics - The Hill - 4 days ago

Boxer Williams retires after 'several concussions'

World title challenger Liam Williams, one of Wales’ best boxers of the past two decades says he has retired from the sport after receiving "several concussions".

Drivers face severe delays after lorry fire

The M5 in Somerset has reopened after an earlier lorry fire closed all lanes.

Boeing workers to vote on ending strike as company reports billions in quarterly losses

Striking Boeing workers are set to vote on a new contract offer Wednesday after the company announced a $6 billion loss in its third-quarter earnings. CBS News senior transportation correspondent ...

Intel takes $18.7bn in restructuring and impairment charges

Smaller than expected sales decline boosts shares as chipmaker tries to recover from misjudging demand

Business - Financial Times - October 31

Meta’s Reality Labs posts $4.4 billion loss in third quarter

Meta's Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.

Business - CNBC - October 30

Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever

The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.

Tech - The New York Times - October 31

Houthi Arrests of Yemenis on Spying Charges Alarm Diplomats and Aid Workers

The Iran-backed Houthi militia has detained dozens of Yemenis linked to the U.S. Embassy or international organizations recently.

World - The New York Times - October 29

Fulton County DA asks court to reinstate several election charges against Trump

Fulton County DA Fani Willis has asked a court to reinstate a number of charges against Donald Trump and his co-defendants in the Georgia election interference case.

Potential Cigna buyout of Humana is a ‘when,’ not an ‘if,’ analyst says

Humana’s stock looked to rally Monday. And Mizuho analyst Ann Hynes said she believes a buyout by Cigna Group is likely — it’s just a matter of timing.

Business - MarketWatch - October 21

2 dead, 309 people rescued after severe flooding in New Mexico

The New Mexico National Guard continued search and rescue operations Sunday in Roswell after record rainfall produced severe flooding in and around the city and Chaves County and left at least two ...

Dead bodies found after torrential rain brings flash flooding to Spain

Unspecified number of bodies found as flood waters push cars through streets, closing roads and cancelling train services in Valencia. Several dead bodies have been recovered by emergency workers ...

World - The Guardian - October 30

Several detained in Israel after information leak from PM's office

World - Yahoo News - November 1

Six injured after severe storms and tornadoes sweep across Oklahoma

More than 80,000 customers were without power as damage included downed power lines, gas lines and trees. Severe storms and reported tornadoes swept across Oklahoma early on Sunday, injuring at ...

World - The Guardian - 6 days ago

EY fires workers for taking 2 online training courses at same time

EY employees canned after consultancy rejects claims of multitasking by those who signed up for multiple sessions.

Agent's Take: Revisiting pivotal moments of QB salary explosion that have occurred over past several years

There's no signs of slowing down, either

Sports - CBS Sports - October 30

Will Social Platforms Take Down a Premature Donald Trump Victory Post?

In the 2020 presidential race, Donald Trump proclaimed himself the winner long before enough votes were counted. We asked the major platforms if they’d let him do it again.

Tech - Wired - 3 days ago

Boeing reports $6.1 billion loss as strike takes toll on plane maker

Boeing reported a massive third-quarter loss, partly due to billions in charges from its airline programs as well as the current strike.

Strike continues after Boeing workers reject deal

About 33,000 Boeing machinists remain on strike after they voted to reject a deal their union leadership had reached with the aircraft manufacturing giant. Kris Van Cleave takes a look at why they ...

Workers warned Budget tax rises will hit their wages

Economists say tax rises in the Budget will mean employers have less to give as pay rises.

NY Post endorses Trump after previous criticisms

The New York Post is endorsing former President Trump for president, arguing that his record in the White House matters more than his tendency to be "ridiculously hyperbolic." Writing that Trump ...

Politics - The Hill - October 25

Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debt

The Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers.

Business - CNBC - October 17

World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).

Business - CNBC - October 22

BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.

Business - CNBC - October 29

Oil giant Shell posts $6 billion profit beat, launches new share buyback program

British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp drop in crude prices was offset by higher gas sales.

Business - CNBC - October 31

Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving

The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.

Business - The Wall Street Journal - October 31

Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier

Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenues

World - ABC News - 4 days ago

Man posed as utility worker charged with murder over home invasion as police hunt second suspect

A man who was caught on camera posing as a utility worker to gain entrance to a Michigan house on Friday has been charged with murdering a man in a "gruesome" attack and tying up his wife, ...

2nd suspect in home invasion where men posed as utility workers charged with murder

The second suspect who was arrested in connection to the Michigan home invasion on Oct. 11 that left a 72-year-old businessman dead has been charged with murder.

What can England learn from Scotland’s community land buyouts?

Locals north of the border are taking over the estates of private landowners. A new book argues that this approach could restore the UK’s damaged biodiversity

World - Financial Times - October 20

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