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Facebook Parent Plans Lower Bonus Payouts for Some Staff
Business

Facebook Parent Plans Lower Bonus Payouts for Some Staff

Meta Platforms plans to adjust its performance review process, saying it is ‘optimizing’ for the year ahead. Source link

Lyft Hires New CEO as Founders Step Back
Business

Lyft Hires New CEO as Founders Step Back

David Risher, board member since 2021, will succeed co-founder Logan Green, as Lyft faces tough competition from Uber and a battered stock price. Source link

Carolina Lender Sees Opportunity in Silicon Valley Bank, With Assurances From Uncle Sam
Finances

Carolina Lender Sees Opportunity in Silicon Valley Bank, With Assurances From Uncle Sam

Markets Heard on the Street First Citizens, no stranger to acquiring banks, gets a good deal thanks to guarantees from the FDIC Source link

Disney to Start Its 7,000 Job Cuts This Week
Business

Disney to Start Its 7,000 Job Cuts This Week

A second, larger round of notices with several thousand more staff reductions will take place in April. Source link

First Citizens Adds to Its Collection of Failed Banks With SVB Purchase
Finances

First Citizens Adds to Its Collection of Failed Banks With SVB Purchase

The deal gives the North Carolina bank $219 billion in assets. Three years ago, it had $42 billion. The SVB purchase will give First Citizens

Drug Middlemen Accused of Price Fixing by Ohio Attorney General
Business

Drug Middlemen Accused of Price Fixing by Ohio Attorney General

The state’s lawsuit alleged certain pharmacy-benefit managers shared drug pricing and other information to gain leverage during rebate negotiations with pharmaceutical companies. Source link

Carnival's Ship Will Come In Eventually
Finances

Carnival's Ship Will Come In Eventually

The leading cruise line’s recovery is delayed amid a mountain of debt, but it has a path to profitability. Source link

Fed Official Calls Silicon Valley Bank Failure a ‘Textbook Case of Mismanagement’
Business

Fed Official Calls Silicon Valley Bank Failure a ‘Textbook Case of Mismanagement’

Markets Financial Regulation Michael Barr, the Federal Reserve’s vice chairman for supervision, says the bank didn’t manage its risks Source link

Fed Official Calls Silicon Valley Bank Failure a ‘Textbook Case of Mismanagement’
Finances

Fed Official Calls Silicon Valley Bank Failure a ‘Textbook Case of Mismanagement’

Markets Financial Regulation Michael Barr, the Federal Reserve’s vice chairman for supervision, says the bank didn’t manage its risks Source link

CFTC Sues Binance Holdings in Chicago Federal Court
Finances

CFTC Sues Binance Holdings in Chicago Federal Court

The Commodity Futures Trading Commission alleges the operator of the world’s largest cryptocurrency exchange violated U.S. rules that require futures and other derivatives to be