Picture: EA Publishing giant Electronic Arts, the company behind everything from The Sims For Apex Legends For Fifa And mad—today announced that approximately 6% of its global workforce, or between 700 and 800 people, will be laid off as the company focuses “on our entire portfolio”. This mini Sega arcade cabinet filled with retro games … Read more
Mr Ermotti led UBS for nine years until 2020 and is credited with restoring the bank to health after a government bailout in 2008. He will succeed current CEO Ralph Hamers, who heads the bank, on April 5. for three years. “We felt we had a better horse” in Mr. Ermotti, UBS Chairman Colm Kelleher … Read more
London CNN — Switzerland’s biggest bank, UBS, has agreed to buy struggling rival Credit Suisse in an emergency bailout deal aimed at stemming financial market panic sparked by the failure of two US banks earlier this year. month. “UBS today announced the acquisition of Credit Suisse,” the Swiss National Bank said in a statement. He … Read more
A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
US health officials have released the first list of drugs paid for by the government’s Medicare insurance program whose prices have risen more than the rate of inflation and will face a penalty under new federal law. The Centers for Medicare and Medicaid Services on Wednesday named 27 drugs that saw steep price increases, including … Read more
One of the best-performing stocks of recent years isn’t a tech giant or a high-flying startup. Instead, it’s a family-owned department store chain that doesn’t have a large following on Wall Street. Shares in Dillard’s Inc. DDS 1.48% have climbed more than 1,500% since April 2020. The company’s market value is similar to that of … Read more
Twitter Inc. reported lower revenue and adjusted earnings for the month of December after many advertisers abandoned the social media platform following the Elon Musk takeover, according to people familiar with the matter. In an update to investors, Twitter reported a roughly 40% year-over-year drop in adjusted revenue and earnings for the month, the people … Read more
Pfizer Inc. DFP -1.30% is in talks to acquire biotech Seagen Inc., NMS -0.51% According to people familiar with the matter, the latest potential deal for a major pharmaceutical company is to add a promising class of targeted cancer therapies. Talks are at an early stage and there is no guarantee there will be a … Read more
Warren Buffett is still betting on America. Stocks and bonds crashed in 2022 after central banks raised interest rates at a rapid pace in an attempt to contain inflation. But Mr Buffett retained his sense of optimism in his annual letter to investors on Saturday, saying he continues to believe in the resilience of the … Read more
