Warner Music Group to Cut 4% of Workforce

The label behind Ed Sheeran and Madonna will eliminate 270 jobs as it repositions toward growth in technology.

 
UBS Brings Back Former CEO After Credit Suisse Deal

Sergio Ermotti, who previously ran UBS for nine years, will return as the Swiss bank moves into a new era following the $3.2 billion agreement.

 
Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says

The Swiss bank, which is in the process of being taken over by UBS, failed to disclose transfers linked to an ongoing tax conspiracy, according to the Senate investigation.

 
Starbucks's Schultz Testifies About Negotiations With Unions

Howard Schultz, who stepped down as CEO this month, defended the coffee chain against accusations it has retaliated against pro-union workers.

 
AMC's stock jumps, but Amazon unlikely to acquire theater chain, analyst says

Amazon would be better off buying a piece of Cineworld, according to Wedbush analyst Alicia Reese.

 
Billions in Signature Bank Debt to Be Sold by Newmark

FDIC to tap the real-estate firm to market about $60 billion in the failed lender's loans, adding pressure the commercial property market.

 
AI Experts Call for Pause in Technology's Development

Tesla CEO Elon Musk and AI pioneer Yoshua Bengio are among those who want a moratorium of at least six months to set safety standards and head off potential harms.

 
As Macy's CEO Plans to Retire, He Says Know Your Customer and Keep It Simple

Jeff Gennette has run the department-store chain since 2017 and will be succeeded in February by Bloomingdale's boss Tony Spring.

 
Exxon's Climate Opponents Were Infiltrated by Massive Hacking-for-Hire Operation

A charity created by some Rockefeller heirs is among the groups targeted by hackers. The oil giant hasn't been accused of wrongdoing.

 
Ryan Cohen's Grand Plans for GameStop Keep Shrinking

Videogame retailer, the original meme stock, hits brakes on e-commerce push to refocus on its 4,400 bricks-and-mortar locations.

(END) Dow Jones Newswires

March 29, 2023 13:15 ET (17:15 GMT)

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