Vodafone Forecasts Flat Profits; to Cut Jobs
Vodafone said it expected adjusted Ebitda to be flat at around EUR13.3 billion this year, as it announced plans to cut 11,000 jobs over three years, admitting that its performance had not been good enough.
Wells Fargo Agrees to Pay Shareholders $1 Billion to Settle Class-Action Suit
Shareholders claimed the bank and its past leadership were moving slower to address regulatory issues than they acknowledged publicly.
Berkshire Hathaway Opens New Position in Capital One, Exits BNY Mellon
Warren Buffett’s company also added to large stakes in Apple and Bank of America.
Elon Musk Issued Subpoena in Lawsuit Over JPMorgan’s Ties to Jeffrey Epstein
The U.S. Virgin Islands are seeking documents from the Tesla leader for its civil suit against the bank.
Microsoft’s $75 Billion Activision Deal Cleared by EU
The decision comes weeks after the U.K. regulator rejected the agreement, saying it would crimp competition in the country’s gaming market.
Jump Trading Did Secret Deal to Prop Up TerraUSD Stablecoin, SEC Says
The Chicago trading firm made $1 billion through its dealings with crypto mogul Do Kwon’s company, according to the Securities and Exchange Commission.
Peacock to Carry One NFL Playoff Game Exclusively Next Season
The deal marks the first time an NFL playoff game will mostly be available on a streaming service.
Macron Courts Elon Musk Amid Duel With U.S. for Battery Supremacy
The French leader seeks to counter U.S. subsidies and tax incentives that European officials fear are drawing green investment away from the continent.
Former SVB CEO to Apologize for Bank Collapse
Greg Becker plans to tell a Senate committee on Tuesday that no bank could have survived the unprecedented deposit run that led to his institution’s failure in March.
3M Fires Longtime Executive, Citing Inappropriate Personal Conduct
Michael Vale worked at the company for over 30 years and most recently served as group president and chief business and country officer.
Source: Dow Jones Newswires