(Reuters) -Citigroup's profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a government deposit insurance fund. Citi said in its investor presentation that it expects a headcount reduction of 7,000 and $1.5 billion in annualized savings from reorganization. Fraser began a sweeping reorganization in September to simplify the bank and improve performance.
The Metropolitan Water District of Southern California has announced that it will increase rates and property taxes throughout the region over the next two years as the state grapples with fundamental changes to its water supply and usage. District leaders said the increases are necessary to cover the costs of importing and treating water, as well as finance climate change adaptations to infrastructure and make up for declines in revenue due to widespread conservation efforts. “We've been...
Sales of brands featured in The Gentlemen have soared. So, if you're looking to steal The Gentlemen's style, here's our guide on how to get the look.
Annual profits at Tesco have surged 160 per cent to £2.3billion - but the increase has triggered accusations of profiteering amid the biggest cost of living squeeze since the Second World War .
Analysis of DWP data showed that while the highest number of claims in 2023 were made in urban areas, some leafy suburban commuter belt towns saw claims increase by more than a third.
The Crow Wing County engineer's estimate was for $380,036 and the bid for the work came in at $442,684 for about 3 million linear feet of pavement markings
Samsung Electronics released earnings guidance for Q1, with an expected huge year-on-year rise in operating profit attributed by analysts to improvements in the chip market, partly driven by demand for AI.
The streaming giant said it added 9.3 million subscribers in the first three months of the year.
This just might be the can’t miss musical of the spring.
The last few times the U.S. Treasury issued bonds, investors were not impressed by the interest rates offered.
Builders and tradies have been battling fast-rising prices for materials and labour but data suggests price growth is slowing. The slowdown in new construction, with dwelling approvals trending below average, has helped dampen growth in costs, CoreLogic economist Kaytlin Ezzy said. The property data firm’s construction cost indicator recorded a 0.8 per cent increase in […]
For restaurants and retailers in particular, it can lead to something the Federal Reserve's Beige Book calls "lumpy" pricing.