Business

• Procter & Gamble warns of up to $2.5B in charges from Gillette buy, restructuring

  6-12-2023 Business NY Post - Business 26

  In 2019, P&G took an $8 billion charge on the unit due to currency fluctuations.

• Elon Musk looks to raise $1B for artificial intelligence startup xAI: filing

  6-12-2023 Business NY Post - Business 24

  Musk is raising the money at a valuation that will likely be between $4 billion and $10 billion, a private placement source told The Post.

• Tel Aviv Stock Exchange denies reports of unusual trading ahead of Oct. 7 Hamas attack

  6-12-2023 Business NY Post - Business 21

  Two prominent US researchers corrected their explosive report detailing their discoveries of major bets against stocks of Israeli companies,...

• Catholic nuns sue Smith & Wesson to halt sales of AR-15 assault rifles

  6-12-2023 Business NY Post - Business 24

  If successful, the lawsuit would hold the company's directors liable for any costs associated with the allegedly illegal marketing of assault...

• 
• Judge leans toward approving JetBlue’s $3.8B deal for Spirit

  6-12-2023 Business NY Post - Business 19

  The judge also said he expected airline fares would rise if no-frills, ultra-low-cost Spirit no longer was around to "undercut everyone else" and...

• CVS to overhaul drug-pricing model to boost transparency amid scrutiny of high cost for meds

  6-12-2023 Business NY Post - Business 19

  Pharmacy giant CVS Health on Tuesday announced an overhaul of its drug-pricing model to boost transparency amid scrutiny of the soaring cost for...

• Wells Fargo CEO warns severance costs could hit $1B this quarter as more layoffs loom

  6-12-2023 Business NY Post - Business 18

  Wells Fargo CEO Charles Scharf warned severance costs this quarter could hit nearly $1 billion as the mega bank prepares for fresh layoffs in the...

• Moody’s cuts China credit outlook, warns of lower growth, property crisis

  6-12-2023 Business NY Post - Business 23

  China's blue-chip stocks slumped to nearly five-year lows on Tuesday amid worries about the country's growth, with talk of a possible cut by...

• Grand Theft Auto VI trailer leaked before official unveiling — here’s when the game will finally will be released

  6-12-2023 Business NY Post - Business 17

  Still, avid Grand Theft Auto fans were able to learn a few things from the 90-second teaser — including that the next installment would be set in...

• Alicia Keys' semi-autobiographical stage musical 'Hell's Kitchen' moves to Broadway in spring

  5-12-2023 Business Washington Times - Business 22

  Broadway audiences will soon be hearing the hit songs of Alicia Keys - not far from where the multiple-Grammy-winner grew up.

• Mexico halts deportations and migrant transfers citing lack of funds

  5-12-2023 Business Washington Times - Business 20

  The head of Mexico's immigration agency has ordered the suspension of migrant deportations and transfers due to a lack of funds amid a...

• Lawmakers in Norway make a deal opening up for deep sea mining in Arctic

  5-12-2023 Business Washington Times - Business 24

  Norway's minority center-left government and two large opposition parties made a deal Tuesday to open the Arctic Ocean to seabed mineral...