Today’s Top Business News – The Los Angeles Tribune
- Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.
- The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.
- Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.
- Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.
- Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.
- Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.
- Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.
- Find insight on Banca Monte dei Paschi di Siena’s bid for Mediobanca, Travelers and more in the latest Market Talks covering financial services.
- Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.
- The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.