US Economy Makes Limited Progress While Companies Temper Hiring
The US economy made more limited progress in the second quarter than initially estimated while separate data showed employment growth is moderating.
Bloomberg Business
US Says Russia-North Korea Arms Deals Are ‘Actively Advancing’
The US has new information that Russia and North Korea are negotiating arms deals under which the isolated regime would provide President Vladimir Putin’s army with munitions and other support for its invasion of Ukraine, the White House said.
SentinelOne Drops Wiz Alliance After Citing Cyber Startup’s ‘Lack of Execution’
SentinelOne Inc. canceled a six-month-old strategic partnership with Wiz Inc., saying the union failed to help it build up its cloud security business.
Einhorn’s Greenlight to Reap Big Gains on Black Knight Bet
Hedge fund manager David Einhorn bet big that Intercontinental Exchange Inc. would succeed in taking over mortgage software company Black Knight Inc. despite US antitrust opposition, and his wager is set to pay off.
Sculptor Rebuffs Och Demand for Merger Records as ‘Vendetta’
Sculptor Capital Management is resisting founder Dan Och’s demand for records and documents related to its proposed merger with Rithm Capital Corp., accusing him of making false claims about the deal as he pursues a “vendetta” against the firm.
England Pulls Forward Covid Booster Plan as New Variant Emerges
England’s Covid and flu fall vaccine program has been brought forward by about a month as a precautionary measure following the identification of a new coronavirus variant.
UBS Slips in ESG Fund-Manager Ranking on Credit Suisse Deal
The asset management arm of UBS Group AG has slipped in an ESG ranking published by Morningstar Inc., which pointed to its acquisition of Credit Suisse as the main reason for the decline.
Rogers Wins as Court Blasts ‘Unreasonable’ Antitrust Czar
A court ordered Canada’s competition body to pay millions to Rogers Communications Inc., saying the country’s antitrust czar engaged in “unreasonable behavior” in its legal challenge of the company’s takeover of a rival.
Russia Hit by Drone Wave as Kyiv Battles Biggest Blitz in Months
Drone attacks targeted multiple regions of Russia in a widespread retaliatory strike for the Kremlin’s invasion of Ukraine, as the authorities in Kyiv battled the heaviest air assault the city has faced since the spring.
Switzerland Weighs New Money-Laundering Rules Amid US Criticism
Switzerland proposed new rules to toughen anti-money laundering laws as US officials ramp up their critique of what they say is weak sanctions enforcement.
