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BUSINESS

PNC and JP Morgan Win the Bid for First Republic Bank’s Assets

1 May 2023 Scandals Mag 0

PNC Finan­cial Ser­vices Group and JPMor­gan Chase sub­mit­ted the win­ning bids for First Repub­lic Bank’s assets at an FDIC auc­tion, accord­ing to sources. Cit­i­zens Finan­cial […]

Samsung’s Semiconductor Arm Hemorrhages Billions as Tech Giant Posts Disappointing Q1 Results

27 April 2023 Scandals Mag 0

Sam­sung Elec­tron­ics report­ed under­whelm­ing first quar­ter results today, dragged down by stag­ger­ing loss­es in its semi­con­duc­tor divi­sion. The tech giant post­ed con­sol­i­dat­ed sales of $47.5 […]

The End of an Era: Bed Bath & Beyond Files for Bankruptcy

23 April 2023 Scandals Mag 0

The once mighty home goods retail­er Bed Bath & Beyond announced today that it has filed for Chap­ter 11 bank­rupt­cy, mark­ing the end of near­ly […]

5 Steps to Take If Your Bank Shuts Down with Your Money

11 March 2023 Scandals Mag 0

The thought of a bank shut­ting down can be a scary one for many peo­ple, espe­cial­ly if they have deposit­ed a sig­nif­i­cant amount of mon­ey […]

U.S. Economy Adds 311,000 Jobs in February, Exceeding Expectations Despite Deceleration

10 March 2023 Scandals Mag 0

The U.S. econ­o­my added 311,000 jobs in Feb­ru­ary, exceed­ing expec­ta­tions and sig­nal­ing a hot employ­ment mar­ket, accord­ing to the Labor Depart­ment. Though job cre­ation decel­er­at­ed […]

More than 300,000 Starbucks Vanilla Frappuccino drinks recalled after glass found in some bottles

20 February 2023 Scandals Mag 0

Pep­si­Co Inc has announced that it has recalled more than 300,000 Star­bucks cof­fee drinks after glass was found in some of the bot­tles. The vol­un­tary […]

Boeing plans to cut about 2,000 finance and HR jobs by 2023

7 February 2023 Scandals Mag 0

Boe­ing plans to cut jobs in its aero­space com­pa­ny’s finance and human resources depart­ments in 2023, which will result in the loss of about 2,000 jobs. […]

Dutch electronics giant Philips to cut 6,000 jobs worldwide

30 January 2023 Scandals Mag 0

Philips, the Dutch home appli­ance and med­ical device mak­er, said on Mon­day it will cut 6,000 jobs world­wide over the next two years, while also […]

BUSINESS: Japan
Economy Unexpectedly Negative Growth Due to Weak Yen

15 November 2022 Scandals Mag 0

The Japan­ese econ­o­my unex­pect­ed­ly con­tract­ed for the first time in a year as ris­ing prices direct­ly hit growth in con­sumer spend­ing. Gross domes­tic prod­uct (GDP) […]

BUSINESS: Credit Suisse cuts 9,000 jobs to stem losses

27 October 2022 Scandals Mag 0

Cred­it Suisse is lay­ing off thou­sands of jobs and restruc­tur­ing its busi­ness to stem heavy loss­es and investor fears. The bank said it would take […]

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