Author Archives: Syndicated Content
Sage Therapeutics to cut about 188 jobs after depression drug setback
(Reuters) -Sage Therapeutics said on Thursday it plans to lay off about 188 people, or about 40% of its workforce, weeks after the U.S. health regulator declined to approve its drug to treat major dep...
Aug 31, 2023
Salesforce rallies as profitability push pays off
(Reuters) - Salesforce rallied 5% on Thursday after its strong earnings report showed that cost cuts were working and demand was holding up better than expectations in a turbulent economy. The busines...
Aug 31, 2023
Lukashenko says demands by Poland and Baltics for Wagner to quit Belarus are 'stupid'
(Reuters) - Belarusian President Alexander Lukashenko said demands by Poland and the Baltic states for the withdrawal of Russia's Wagner mercenary group from Belarus were "groundless and stupid", Bela...
Aug 31, 2023
Dow futures rise on Salesforce boost; inflation data in focus
(Reuters) - Futures tracking the Dow Jones rose on Thursday as shares of Salesforce jumped after the company raised its annual revenue forecast, while investors awaited a key inflation reading due lat...
Aug 31, 2023
CIBC posts lower third-quarter profit as bad loan provisions rise
(Reuters) - Canadian Imperial Bank of Commerce reported a decline in third-quarter profit on Thursday as the bank set aside more funds for bad loans to cover for borrowers struggling to repay their de...
Aug 31, 2023
Private equity owners of Procare Solutions explore sale of software maker-sources
By Milana Vinn NEW YORK (Reuters) - The private equity owners of Procare Solutions are exploring a sale that could value the child-care management software provider at nearly $2 billion, including deb...
Aug 31, 2023
Kremlin denies that Russia is causing hunger in Africa
MOSCOW (Reuters) - The Kremlin said on Thursday that Russia remained a reliable supplier of grain despite obstacles created by Western countries, and that food shortages in Africa were nothing to do w...
Aug 31, 2023
Soccer-Chelsea's Lukaku makes loan move to Roma
(Reuters) - Chelsea's Belgium striker Romelu Lukaku has joined Serie A side AS Roma on a season-long loan, both clubs said on Thursday. The loan fee was not disclosed but Italian media valued the deal...
Aug 31, 2023
AI startup Speak raises $16 million in latest funding led by Lachy Groom
(Reuters) - Speak, an artificial intelligence (AI)-backed English language learning platform, said on Thursday that it has raised $16 million in fresh funding led by venture capitalist Lachy Groom. Th...
Aug 31, 2023
Special Report-Inside the downfall of embattled property developer China Evergrande
By Engen Tham, Julie Zhu and Clare Jim SHANGHAI/HONG KONG - In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use the cash to pa...
Aug 31, 2023
