Wells Fargo announced a $30 billion stock buyback and approved a dividend increase.
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JPMorgan Chase exec Erdoes sought tax advice, Madoff intel from Epstein, suit alleges
The U.S. Virgin Islands suit alleged that Epstein was a “personal resource” for Erdoes and her former boss at JPMorgan, Jes Staley.
Continue readingRTX tumbles after disclosing jet-engine problem will require accelerated inspections
RTX said some 200 engines will have to be removed from airline fleets for accelerated inspections.
Continue readingUPS, Teamsters reach labor deal to avoid strike
The deal includes wage increases for both full- and part-time workers.
Continue readingGM blames supplier for slow EV production, says Chevy Bolt EV will live on
General Motors CEO Mary Barra blamed a supplier of automation equipment for the slow ramp-up of its new electric vehicles.
Continue readingHome prices continue to climb with ‘striking’ regional differences, says S&P Case-Shiller
Home prices continue to heat but regional differences are widening, and the mid-west is leading the way.
Continue readingBiogen to cut 1,000 jobs to save costs as company prepares for Leqembi launch
Biogen, in its second-quarter earnings report, said the plan will result in $700 million in net operating expense savings by 2025.
Continue readingBiden administration aims to crack down on inadequate insurance for mental health care
Insurance plans often do not provide enough therapists in network, which requires patients to seek care out of network and pay more for their health […]
Continue readingGeneral Motors raises full-year guidance, announces deeper cost-cutting
GM’s earnings included an unexpected $792 million charge for new commercial agreements between GM and LG Electronics and LG Energy Solution.
Continue readingJohnson & Johnson to reduce its Kenvue stake by at least 80% through exchange offer
J&J said it received a waiver that dismisses the share lockup period associated with Kenvue’s initial public offering in May.
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