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Redundancy: ‘It’s been stressful and upsetting’
“It’s been really upsetting and stressful,” says Will Bird, an events producer who was recently made redundant. Mr Bird will need to move out of his apartment soon as he can no longer afford the rent without a job. The number of firms that notified the government in June about plans to cut 20 or […]
Stocks end lower as tech swoon persists, Tesla in historic drop
NEW YORK (Reuters) – U.S. stocks closed lower for a third straight session on Tuesday as heavyweight technology names extended their sell-off to send the Nasdaq into correction territory, while Tesla suffered its biggest daily percentage drop after the stock was passed over for inclusion in the S&P 500. Each of the 11 major S&P […]
Exclusive: KKR shelves $2 billion sale of Singapore-based Goodpack due to market slump: sources
By Anshuman Daga SINGAPORE (Reuters) – KKR & Co <KKR.N> has shelved a plan to sell Singapore-based Goodpack, which provides shipping containers and logistics services, after the coronavirus outbreak hit valuations, sources with knowledge of the matter said on Wednesday. The private equity group had received bids from a few consortiums after tapping more than […]