Accenture tempers 2022 profit view due to stronger dollar
IT services company Accenture Plc forecast fourth-quarter revenue below expectations and tempered its fiscal 2022 profit forecast on Thursday, threatened by rising inflation and the impact of a stronger dollar on its overseas earnings.
Exclusive: Bidders weigh offers valuing Toshiba at up to $22 billion – sources
Bidders for Toshiba Corp (6502.T) are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion.
EXCLUSIVE Nike to fully exit Russia, will scale down over coming months
U.S. sportswear maker Nike (NKE.N) is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday.
Analysis: Wall Street’s hiring frenzy eases as worries grow over economy, market slump
With mounting uncertainty around the U.S. economic outlook and the resulting slump in financial markets, Wall Street is easing up on hiring after a recruiting frenzy last year.
Analysis: High energy prices could sink U.S. stocks during earnings season
Sky-high oil prices pose yet another obstacle to U.S. corporate earnings, and some on Wall Street are worried this could sink stock prices even deeper into the red.
EXCLUSIVE Franchise Group in talks to keep Kohl’s management team after a sale-sources
Franchise Group (FRG.O), the preferred bidder to acquire Kohl’s (KSS.N), is in discussions to keep the retailer’s top management team, including CEO Michelle Gass, if the planned sale is finalized, three sources familiar with the matter said.
COVID-19 vaccine scheme for world’s poorest pushes for delivery slowdown
Leaders of the global scheme aiming to get COVID-19 vaccines to the world’s poorest are pushing manufacturers including Pfizer (PFE.N) and Moderna (MRNA.O) to cut or slow deliveries of about half a billion shots so doses are not wasted.
Buy now, pay later firm Zip to raise fees amid surging inflation
Australian buy now, pay later company Zip Co Ltd (ZIP.AX) said on Wednesday it would raise fees for customers and merchants, as it tries to weather an onslaught from soaring inflation and rising interest rates on its business.
Friday’s Russell rebalance may stoke more volatility in nervous stock market
Investors in the volatile U.S. stock market are preparing for what may be one of the heaviest trading days of the year on Friday, as FTSE Russell completes the rebalancing of indexes that are tracked by trillions of dollars in investor funds.
Stocks and oil tumble as recession fears mount
World stock markets and oil prices hit the skids on Wednesday as the persistent palpitations about rising interest rates and recessions struck again, while the Japanese yen hit a fresh 24-year low against a seemingly unstoppable U.S. dollar.
