Wells Fargo expected to announce massive layoffs Tuesday

Wells Fargo expected to announce massive layoffs Tuesday

CHARLOTTE, N.C. (FOX 46 CHARLOTTE) – Charlotte could be facing a big blow to the banking industry. Wells Fargo is expected to announce major layoffs across the board on Tuesday. Thousands across the entire company could get the pink slip and bank …
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DTE to spin off Midstream natural-gas pipeline, storage business

DTE Energy Co. intends to spin off its Midstream non-utility natural gas pipeline, storage and gathering business, positioning the company predominantly as an electric and natural-gas utility, the company said Tuesday. Midstream would become an …
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Eli Lilly strikes optimistic tone on COVID-19 therapy after trial failure

(Reuters) – Eli Lilly and Co LLY.N on Tuesday aimed to ease investor concerns about its COVID-19 antibody treatment after a trial of the therapy failed to show a benefit in hospitalized patients. This video file cannot be played.(Error Code: 102630). Lilly profit …
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Pfizer's much-anticipated COVID-19 vaccine data has yet to materialize. Can it still roll out this year?

With a bold prediction that interim data on its COVID-19 shot would be in the public’s hands by October, all eyes have been on Pfizer and CEO Albert Bourla. But with just days to go before November, that data still isn’t available—and Pfizer is holding on to …
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Cenovus targets 20 to 25 per cent workforce reductions following Husky takeover

CALGARY – Cenovus Energy Inc. is aiming to cut as many as one in four jobs — potentially more than 2,000 workers — if it succeeds in its $3.8-billion friendly takeover of rival Husky Energy Inc. In an email, Cenovus spokesman Reg Curren says it aims to trim …
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