Business News

• Wall Street Banks Prepare to Sell Billions of Dollars of X Loans January 24, 2025
  Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.
• Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service January 24, 2025
  The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.
• Amazon Willing to Discuss Quebec Shutdown With Canadian Officials January 24, 2025
  Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.
• Target Drops DEI Goals and Ends Program to Boost Black Suppliers January 24, 2025
  Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.
• Energy & Utilities Roundup: Market Talk January 24, 2025
  Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.
• Auto & Transport Roundup: Market Talk January 24, 2025
  Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.
• Basic Materials Roundup: Market Talk January 24, 2025
  Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.
• Financial Services Roundup: Market Talk January 24, 2025
  Find insight on Banca Monte dei Paschi di Siena’s bid for Mediobanca, Travelers and more in the latest Market Talks covering financial services.
• Novo Nordisk Shares Surge on New Obesity Drug Results January 24, 2025
  Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.
• EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy January 24, 2025
  The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.
• Google to Put Warnings on U.K. Businesses Using Fake Online Reviews January 24, 2025
  The search giant has offered to start punishing British businesses that boost their star ratings with fake reviews and the people that post them, ending the U.K. competition watchdog’s investigation into online reviews.
• Ericsson Shares Slump as Earnings Hit by Weakness Outside of Core Networks Business January 24, 2025
  The company’s shares fell to the bottom of the Stoxx Europe 600 index as higher operating costs and weakness in some of its business units dented earnings.