J. Edward Moreno
Posts
New York Community Bank Tries to Reassure Markets After $1 Billion Rescue
Management told investors that deposits had fallen, but the bank’s shares jumped on the details of a shift in strategy and large cash infusion led...
Labor Unions End Starbucks Board Fight
The decision to pull a slate of board nominees comes after the company agreed to meet workers at the bargaining table.
JetBlue Calls Off Spirit Acquisition
JetBlue said it would pay Spirit $69 million to terminate the $3.8 billion deal, which had been blocked by federal antitrust regulators.
China’s Hacker Network: What to Know About the I-Soon Document Leak
Documents leaked on a public website show that China is hiring private hackers to obtain sensitive information from foreign companies and governments.
FirstEnergy Ex-C.E.O. and 2 Others Are Indicted in Bribery Scandal
Ohio’s attorney general accused a former chairman of the state’s Public Utilities Commission of taking more than $4.3 million in bribes from FirstEnergy executives.
Construction Industry Grapples With Its Top Killer: Drug Overdose
Construction workers are more likely to die of overdose than workers in any other occupation, forcing the industry to rethink its approach to safety.
What Business Leaders Are Saying About the Red Sea Attacks
The Houthi attacks on commercial ships are driving up freight costs and adding delays to journeys, with some companies affected more than others.
Meta’s Stock Surges After Jump in Profits
The trillion-dollar social media giant’s market value soared after it reported a robust profits driven by digital advertising.
Walmart to Add 150 U.S. Stores in Five-Year Expansion Drive
The retail giant, which last opened a domestic location in 2021, said most of the stores would be newly built.
UPS to Cut 12,000 Jobs as Wages Rise and Package Volumes Fall
After what the company called a “difficult and disappointing” 2023, UPS said the cuts would save $1 billion this year.