WASHINGTON: Applications for US unemployment benefits rose to the highest level since October 2021, adding to evidence that the labor market is gradually cooling.Initial unemployment claims increased by 22,000 to 264,000 in the week ended May 6, Labor Department data showed Thursday. The reading was higher than all estimates in a Bloomberg survey of economists.Continuing […]
US jobless claims rise to highest since October 2021 in sign labor market is cooling Read More »
NEW DELHI: Siemens on Thursday posted a 61.9 per cent rise in its consolidated net profit from continuing operation to Rs 516 crore in the March quarter, mainly on the back of higher revenues.The company follows October to September financial year.“Profit after Tax (consolidated net profit) from continuing operations was at Rs 516 crore, an
Siemens: Siemens net profit jumps 62% to Rs 516cr in March quarter Read More »
Short seller Hindenburg Research on Thursday initiated a short position in Icahn Enterprises LP bonds and said billionaire Carl Icahn has failed to address every key issue that it had raised.“We are short units of Icahn Enterprises and have initiated a short position in IEP bonds,” the research report said, sending the shares of the
Icahn: Hindenburg says Icahn Enterprises failed to address concerns, shorts its bonds Read More »
NEW DELHI: German retailer METRO AG on Thursday announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd.The deal includes all 31 wholesale stores operated by METRO Cash & Carry India and the entire real estate portfolio
