04:34 AM EDT, 10/18/2024 (MT Newswires) -- New York Community Bancorp ( NYCB/PU ) subsidiary Flagstar Bank said Thursday it is reducing 8% of its workforce, or about 700 employees, as part of a strategic transformation plan to further integrate its three legacy banks. The bank also expects to finalize the sale of its Mortgage Servicing and Third-Party Origination business...

04:30 AM EDT, 10/18/2024 (MT Newswires) -- Comtech Telecommunications ( CMTL ) said late Thursday it is exploring strategic alternatives for its terrestrial and wireless networks segment to boost profitability. The company said there is no guarantee the exploration will result in a transaction or significant changes, and there is no set timeline for the process. Comtech is also working...

04:42 AM EDT, 10/18/2024 (MT Newswires) -- Lotus Technology ( LOT ) said late Thursday it delivered 7,543 vehicles in the first nine months of 2024, up 134% from a year earlier. The luxury EV maker, which went public this year, said global allocation of deliveries totalled 20% to 35% each in Europe, China, North America, and the rest of...

Oct 18 (Reuters) - Philip Morris ( PM ) said on Friday that a Canadian court-appointed mediator has proposed a plan to end the tobacco litigation, involving a payment of C$32.5 billion ($23.56 billion) by its unit Rothmans, Benson & Hedges Inc and the Canadian units of British American Tobacco ( BTI ) and Japan Tobacco ( JAPAF ). Philip...