Eight Wounds

News for nerds

Commerzbank nominates four for supervisory board seats

Germany’s Commerzbank nominated four people on Thursday to its supervisory board, in an effort to plug vacancies after resignations over the past week. The bank, which is in the midst

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Deliveroo IPO debacle leaves small investors with bad taste

London-based amateur trader Amy Lee wasn’t sure whether to buy shares in Deliveroo’s stock market debut but decided eventually to take the leap, swayed by ad campaigns on the food

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Athene to take over $2.8 billion in J.C. Penney pension obligations

J.C. Penney Co Inc said on Thursday it has agreed to transfer its pension obligations to annuities provider Athene Holding Ltd, ensuring that the U.S. department store chain’s retired employees

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U.S. Supreme Court backs Facebook in case about unwanted texting

The U.S. Supreme Court on Thursday made it easier for businesses to pester consumers with phone calls or text messages by tossing out a lawsuit accusing Facebook Inc of violating

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Oil rises as OPEC+ decides on production policy

Oil prices surged up 3% on Thursday after news that OPEC+ reached a deal to gradually ease production cuts from May. Brent crude rose $1.94, or 3.1%, to $64.68 a

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United Airlines to initially hire 300 new pilots as travel demand rebounds

United, which has more than 12,000 pilots, will hire pilots who either had a new hire class date that was canceled or a 2020 conditional job offer. Congress in March

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U.S. automakers post higher quarterly sales even as chip shortage bites

Automakers on Thursday reported a rebound in first-quarter U.S. sales from a coronavirus-induced slump last year, but volumes were capped by a global chip scarcity that forced many companies to

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