Exclusive: Walmart laying off hundreds of US workers at five e-commerce fulfillment centers

Exclusive: Walmart laying off hundreds of US workers at five e-commerce fulfillment centers

NEW YORK, March 23 (Reuters) – Hundreds of workers at five U.S. Walmart facilities that fulfill e-commerce orders are being asked to find jobs within 90 days at other company locations, a spokesperson confirmed to Reuters. About 200 workers at Pedricktown, New Jersey, and hundreds of others at Fort Worth, Texas; Chino, California; Davenport, Florida; … Read more

Exclusive: Republican U.S. Senator Rick Scott, Democrat Warren unveil Fed oversight bill

Exclusive: Republican U.S. Senator Rick Scott, Democrat Warren unveil Fed oversight bill

WASHINGTON, March 22 (Reuters) – A conservative Republican and a progressive Democrat in the U.S. Senate are introducing legislation on Wednesday to replace the Federal Reserve’s internal watchdog with one appointed by the president, aiming to tighten bank supervision following the failures of Silicon Valley Bank and Signature Bank. Republican Rick Scott and Democrat Elizabeth … Read more

Vaccine makers prep bird flu shot for humans ‘just in case’; rich nations lock in supplies

Vaccine makers prep bird flu shot for humans 'just in case'; rich nations lock in supplies

LONDON, March 20 (Reuters) – Some of the world’s leading makers of flu vaccines say they could make hundreds of millions of bird flu shots for humans within months if a new strain of avian influenza ever jumps across the species divide. One current outbreak of avian flu known as H5N1 clade 2.3.4.4b has killed … Read more

US banking system sound but not all deposits guaranteed, Yellen says

US banking system sound but not all deposits guaranteed, Yellen says

WASHINGTON, March 16 (Reuters) – The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large bank failures mean that a blanket government guarantee now existed for all deposits. In her first public remarks … Read more