WASHINGTON (Reuters) -Verizon is planning to cut about 15,000 jobs in the telecommunications company's largest ever layoffs as part of a restructuring under its new CEO, a person familiar with the matter told Reuters on Thursday. The layoffs, affecting about 15% of its workforce, are set to take place as soon as next week, the person said. Verizon's shares rose...

12:55 PM EST, 11/13/2025 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 2%. In corporate news, Walt Disney ( DIS ) fiscal Q4 revenue unexpectedly decreased year-over-year amid declines in its entertainment segment, although the company projects earnings...

Nov 13 (Reuters) - Code-generation startup Cursor nearly tripled its valuation to $29.3 billion in five months after raising $2.3 billion in its latest funding round, as artificial intelligence companies continue to attract investor attention. The Series D funding round was led by new investor Coatue, an investment management firm, and existing investor Accel, Cursor said in a blog post...

LONDON, Nov 13 (Reuters) - U.S. private equity giant Carlyle is exploring options to buy foreign assets from Russian oil major Lukoil, three sources familiar with the situation said. Carlyle is at the early stages of exploring a possible purchase of the assets, one of the sources said. It is looking at the option of filing for a U.S. licence...