Big Banks Deposit $30 Billion in First Republic Bank
Eleven banks have deposited $30 billion in First Republic Bank, according to a joint statement from the heads of the Treasury, Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency.
FedEx Raises Earnings Outlook Despite Shipping Slowdown
Shares rose as the delivery company lifted its profit outlook amid ongoing cost cuts.
Credit Suisse Stock Price Jumps as Bank Secures $50 Billion Lifeline
Credit Suisse shares jumped 19% after the bank said it would tap a more than $50 billion loan from the Swiss National Bank, but analysts remained wary about the lender's prospects.
GE CEO Larry Culp agrees to $10 million cut in compensation
General Electric CEO Larry Culp has agreed to a cut in his compensation in response to shareholder feedback, according to a regulatory filing on Thursday.
Theater Advertiser National CineMedia Plans to Cede Control to Lenders
The largest movie-theater advertising business in North America is negotiating to hand control to senior lenders as part of a planned bankruptcy filing.
TikTok CEO Says Sale Won't Protect U.S. Data
Shou Zi Chew said divesting TikTok from its Chinese owners doesn't offer any more protection than a plan the app has proposed.
Dollar General to Boost Spending on Staffing Levels
The discount retailer's investment in additional labor hours aims to capture market share from its rivals.
Ernst & Young's Breakup Plan Stalled on Partners Split
A fight erupted between the accounting firm's U.S. and overseas leaders over the division of its lucrative tax business.
Microsoft Adds the Tech Behind ChatGPT to Its Business Software
The software company announced an AI upgrade for Word, Excel, PowerPoint, Outlook and Teams.
YouTube TV Raises Subscription Price By 12%
The virtual cable bundle will now cost $72.99 a month, up from $64.99.
(END) Dow Jones Newswires
03-16-23 1915ET
