Ford Motor Co. expects to take up restructuring charges between $1.5 billion and $2 billion in 2023, it said in a regulatory filing on Wednesday, as part of the U.S. automaker’s move to exit unprofitable locations and cut headcount. The charges will be primarily attributable to “employee separations and supplier settlements,” the automaker said, adding…
Rare Big Tornado Near Burma Capital Kills 8
BANGKOK—A tornado that tore through two villages in central Burma, also known as Myanmar, near the current capital Naypyitaw killed eight people and destroyed more than 200 houses, a rescue worker said Saturday. The tornado hit Aung Myin Kone and Tadau villages on Naypyitaw’s southern outskirts at around 6:10 p.m. on Friday, Thet Paing Soe, a…
US Core Capital Goods Orders Post Largest Gain in 5 Months; Shipments Surge
WASHINGTON—New orders for key U.S.–manufactured capital goods increased by the most in five months in January while shipments of those so-called core goods rebounded, suggesting that business spending on equipment picked up at the start of the first quarter. Some of the larger-than-expected rise in core capital goods orders reported by the Commerce Department on…
Rome: Nero’s Folly | Arkeo Ep12 | Documentary
January 20, 2023
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In Italy’s capital city, archaeologists of the École Française de Rome have discovered an exceptional building that had been sought for centuries. …
How George Washington’s Business Sense Built Our Capital
A tourist visiting Washington, D.C., today has an overwhelming sightseeing schedule. Taking in the 4-mile panoramic loop of presidential monuments, war memorials, and museums along the National Mall is an intoxicating experience. The man the city is named for could not possibly have anticipated all the destinations and distractions in this tourist’s path. But George…
Floods Kill at Least 50 in Congolese Capital
KINSHASA—At least 50 people have been killed in the Democratic Republic of Congo capital Kinshasa after heavy rains unleashed floods and caused landslides, the city’s police chief Sylvano Kasongo said on Tuesday. Images shared online, which Reuters was not immediately able to verify, showed entire neighborhoods flooded with muddy water and roads ripped apart by…
Suspect in Killing of 2 in Slovakia’s Capital Found Dead
BRATISLAVA, Slovakia—Slovakia’s police said Thursday they found the body of a suspect who allegedly fatally shot two people the previous day in the capital. Two men were killed and a woman was wounded on Wednesday evening near or at a bar in downtown Bratislava. Comenius University in Bratislava said one of the two victims was…
One Credit Suisse Analyst Says Bank’s Capital, Liquidity ‘Healthy,’ Another Warns of Impending Equity Raise: What You Need to Know
Credit Suisse Group is dominating headlines Monday morning amid rising concerns over the Swiss bank’s financial health. What Happened Reports suggesting Credit Suisse could be battling liquidity issues sent the lender’s shares tumbling Monday morning. The bank’s credit default swaps, which provide investors with protection against financial risks and essentially measure how a company’s financial…
One Credit Suisse Analyst Says Bank’s Capital, Liquidity ‘Healthy,’ Another Warns of Impending Equity Raise
Credit Suisse Group is dominating headlines Monday morning amid rising concerns over the Swiss bank’s financial health. What Happened Reports suggesting Credit Suisse could be battling liquidity issues sent the lender’s shares tumbling Monday morning. The bank’s credit default swaps, which provide investors with protection against financial risks and essentially measure how a company’s financial…
Credit Suisse Shares Slip Despite Moves to Soothe Investor Concerns
October 3, 2022
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ZURICH—Credit Suisse shares slid by as much as 11.5 percent and its bonds hit record lows on Monday amid concerns about the bank’s ability to revamp its business and bolster its capital after a string of losses precipitated a strategy reboot. Chief Executive Ulrich Koerner last week told staff that Credit Suisse, whose market capitalization…
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