Bed Bath Beyond to Lay off more Employees to Trim Costs

Jan 10 Reuters Bed Bath Beyond will lay off more employees in an attempt to reduce costs, the company said on Tuesday, a week after announcing it was exploring options including bankruptcy. Last year, company executives had said the home goods retailer was cutting about 20 of its corporate and supply chain workforce. As our strategic direction changes […]
Read More

Volkswagen Group Deliveries Lowest in over a Decade

Group deliveries down 7 to 8.3 million vehicles Q4 deliveries up 14.3, but challenges ahead for 2023 Premium brands performed better than massmarket ones BERLIN, Jan 12 Reuters The Volkswagen Group reported its lowest sales in over a decade in 2022 as COVID19 lockdowns in China and the war in Ukraine upended supply chains, and a […]
Read More

Goldman Job Cuts Hit Investment Banking, Global Markets Hard

Mass redundancies, spending review beckons for Wall Street giant Cuts to all major divisions expected, globally Restructuring in Asian wealth unit kicks off Wednesday39;s layoffs NEW YORKLONDONHONG KONG, Jan 12 Reuters Goldman Sachs began laying off staff on Wednesday in a sweeping costcutting drive, with around a third of those affected coming from the investment banking […]
Read More

U.S. Consumer Prices Fall in December

WASHINGTON, Jan 12 Reuters U.S consumer prices unexpectedly fell for the first time in more than 212 years in December amid declining prices for gasoline and other goods, suggesting that inflation was now on a sustained downward trend. The consumer price index dipped 0.1 last month after gaining 0.1 in November, the Labor Department said […]
Read More