Bank Shares Slide after Ubs Agrees Emergency Rescue of Credit Suisse – Business Live
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UBS makes Ermotti best-paid European bank boss
Swiss lender awards returning chief executive $15.9mn for steering integration of Credit SuisseFinancial Times - Business -
UBS CEO Ermotti to Steer Credit Suisse Integration
UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.The Wall Street Journal - World -
Visa, Mastercard and the largest U.S. credit-card issuing banks agreed to a settlement with merchants over the fees charged for swiping credit cards.
Visa, Mastercard and the largest U.S. credit-card issuing banks agreed to a settlement with merchants over the fees charged for swiping credit cards.The Wall Street Journal - World -
GameStop Confirms More Layoffs, Share Price Tumbles After Sales Slide
GameStop has published its latest earnings briefing, and as part of it, the video game retailer said it was cutting an unspecified number of jobs, according to Reuters.. These layoffs could be part of the previously announced plan to close a ...GameSpot - Tech -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Visa, Mastercard agree to lower credit-card fees in landmark merchant settlement
Visa and Mastercard agreed to lower and cap credit-card interchange rates as part of a landmark settlement with U.S. merchants.MarketWatch - Business -
Green investment trusts face vote on future as shares slide
Sector has suffered from the impact of high inflation over the past two yearsFinancial Times - Business -
GameStop shares slide 15% on top- and bottom-line misses for fourth quarter
GameStop Corp.’s shares fell in in extended trading Tuesday, after the videogame retailer and original meme stock missed analysts’ top- and bottom-line estimates in its fourth-quarter results.MarketWatch - Business -
UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck
UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant.CNBC - Business -
Canada's Poor Productivity Has Reached Emergency Status, Senior Central Bank Official Says
Bank of Canada’s senior deputy governor, Carolyn Rogers, warns that a turnaround is urgently needed to protect the economy from future bouts of inflation.The Wall Street Journal - World -
Robinhood’s stock jumps after company launches first credit card
The Robinhood Gold Card is aimed at Robinhood Gold members — a subscription product offering premium services for a fee — and has no annual fee or transaction fees, but comes with a 3% cash back on all categories.MarketWatch - Business -
Emergency declared after Baltimore bridge collapse, search underway | Special Report
Search and rescue efforts are underway after the Francis Scott Key Bridge in Baltimore collapsed early Tuesday morning. Maryland Gov. Wes Moore has declared a state of emergency, saying in a statement that, "we are working with an interagency team ...CBS News - Top stories -
Maryland state of emergency declared after Baltimore bridge collapse
Maryland Gov. Wes Moore declared a state of emergency Tuesday after a large container ship struck the Francis Scott Key Bridge in Baltimore early Tuesday. CBS News' Ramy Inocencio has the latest confirmed information, and Roberto Leon, an ...CBS News - Top stories -
Baltimore bridge collapsed roughly 2 minutes after emergency call
A container ship struck a support column of Baltimore's Francis Scott Key Bridge early Tuesday, sending vehicles and people into the water. Rescue workers are still searching for multiple people who are unaccounted for. CBS News' Nicole Sganga and ...CBS News - Top stories -
Baidu Shares Rise After Reports of Apple Collaboration
Shares of Baidu rose sharply in Hong Kong after reports of possible collaboration involving artificial intelligence between the Chinese tech giant and smartphone giant Apple.The Wall Street Journal - World - Apple -
Baidu Shares Rise After Reports of Apple Collaboration
Shares of Baidu rose sharply in Hong Kong after reports of possible collaboration involving artificial intelligence between the Chinese tech giant and smartphone giant Apple.The Wall Street Journal - Tech - Apple -
Demand has been sliding for Jack Daniel's Old No. 7 and the company behind it, Brown-Forman, forecasts a sluggish U.S. whiskey business for at least the next year.
Demand has been sliding for Jack Daniel’s Old No. 7 and the company behind it, Brown-Forman, forecasts a sluggish U.S. whiskey business for at least the next year.The Wall Street Journal - World -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Three dead after Israeli army operation and clashes in the West Bank
Yahoo News - World - Israel -
Dow Industrials, S&P 500 Dip to Start Week
Stocks were mostly lower as chip makers came under pressure, after a report that China plans to phase out U.S.-made microprocessors in government computers and servers.The Wall Street Journal - World -
Fisker Says Deal Talks End, Adding Pressure to EV Maker
The negotiations were critical to giving the California company a lifeline to stave off bankruptcy. Shares traded below a dime.The Wall Street Journal - World -
Shares of Danish shipping giant Maersk tumble after Baltimore bridge accident
Shares of the Danish shipping and logistics giant A.P. Moeller Maersk tumbled on Tuesday as the company said it chartered the ship that crashed into the Francis Scott Key Bridge in Baltimore.MarketWatch - Business -
Canada Goose shares drop after plans to cut 17% of corporate workforce
Canada Goose shares retreated Tuesday after the Canadian clothing company said it was again chopping head office jobs in a bid to reduce costs and position for longer-term growth.MarketWatch - Business -
Shares in Martin Sorrell’s S4 Capital fall 15% after revenues warning
Advertising group suffers earnings hit as clients remain cautious on outlookFinancial Times - Business -
Moscow Concert Hall Shooting: Security Questions Emerge as First Charges Are Filed in Russia Attack
Russian officials formally charged four men in the attack, which killed at least 137 people at a Moscow-area concert hall on Friday. American officials blamed a branch of the Islamic State.The New York Times - World - Russia -
42 people rescued in northwest Mexico after mass kidnappings by criminal groups
Mexican authorities said they rescued 42 hostages, including 18 children, from criminal groups Saturday after a wave of kidnappings in Sinaloa state, where more than 600 special force troops were sent to beef up security.NBC News - Top stories -
Rescue effort ended after child swept away by Pennsylvania creek
Law enforcement officials said Sunday afternoon that rescue efforts for a 6-year-old girl who was swept away in Pennsylvania's Chester Creek on Saturday night have been abandoned.NBC News - Top stories -
Over 130 abducted schoolchildren in Nigeria's northwest are rescued after weeks in captivity
Officials in Nigeria say 137 schoolchildren have been rescued more than two weeks after they were seized in the northwestern state of Kaduna and marched into the forestABC News - World -
Man rescued after 36 hours in stormwater drain in Brisbane’s Kangaroo Point allegedly evaded police
Queensland police allege man helped out of drain by firefighters on Monday was a passenger in a car involved in two crashes on Sunday. Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or ...The Guardian - World -
Baltimore Bridge Collapses After Being Hit by Cargo Ship, Six Presumed Dead
A containership plowed into and destroyed a major Baltimore bridge Tuesday, killing six people and disrupting one of America’s busiest ports. The U.S. Coast Guard and other authorities led a search-and-rescue effort throughout the day, but those ...The Wall Street Journal - World -
Rescue operation underway after Baltimore's Key Bridge collapses
A cargo container ship crashed into Baltimore’s Francis Scott Key Bridge early Tuesday morning, sending the structure collapsing into the harbor. Cars and people plunged into the river, setting off a frantic rescue operation. NBC’s Tom Costello ...NBC News - Top stories -
Search and rescue efforts ongoing after Maryland bridge collapse: What to know
Maryland Gov. Wes Moore declared a state of emergency after a cargo ship hit a bridge in Baltimore early Tuesday morning, causing it to partially collapse. Several vehicles fell into the water, prompting a search and rescue for multiple ...The Hill - Politics -
2 rescued after Baltimore bridge collapse, search continues for others
At least two people have been pulled from the water after the Francis Scott Key Bridge collapsed early Tuesday morning. The bridge was struck by a cargo ship. Terrorism is not currently suspected. CBS News correspondent Jarred Hill has more.CBS News - Top stories