WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday that 25% tariffs on Canada and Mexico will go into effect on Tuesday with reciprocal tariffs starting April 2. (Reporting by Jasper Ward; Editing by Chris Reese)
By Abigail Summerville NEW YORK (Reuters) -David Finkelstein, a veteran investment banker who heads Citigroup’s global consumer and retail mergers and acquisitions unit, is leaving the bank, people familiar with the matter told Reuters on Monday. Finkelstein, who is based in New York, joined Citi from Bank of America in 2018. Finkelstein spent more than …
Citi’s consumer and retail M&A head Finkelstein to leave bank, sources say Read More »
By Anirban Sen and Milana Vinn NEW YORK (Reuters) -Carlyle Group expects to take more of its portfolio companies public this year and will not shy away from large leveraged buyouts, betting on a rebound in U.S. dealmaking this year, its heads of private equity told Reuters. The Washington-based firm is expecting to sell $4 …
Carlyle to ramp up pace of IPOs as it eyes up to $5 billion of exits in 2025 Read More »
By Ross Kerber (Reuters) – Top mutual fund firm Vanguard has resumed stewardship meetings with portfolio companies after reviewing new guidance from securities regulators, a document seen on Monday by Reuters shows. Vanguard’s move follows a similar step by rival BlackRock last month. Both companies had paused meetings while taking stock of materials posted by …
Vanguard resumes stewardship meetings after reviewing SEC guidance Read More »
(Reuters) – The Federal Deposit Insurance Corporation is planning to propose rolling back a Biden-era policy that ramped up the scrutiny of large bank mergers, the Wall Street Journal reported on Monday, citing people familiar with the matter. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Arun Koyyur)
WASHINGTON (Reuters) – President Donald Trump on Monday alerted America’s farmers to coming U.S. tariffs on “external product,” telling them to get ready to sell their goods domestically. “To the Great Farmers of the United States: Get ready to start making a lot of agricultural product to be sold INSIDE of the United States. Tariffs …
Trump alerts American farmers: get ready for external tariffs April 2 Read More »
(Reuters) – Fox Corp’s upcoming subscription streaming service is expected to draw subscribers in the mid-single-digit millions range, CEO Lachlan Murdoch said on Monday at the Morgan Stanley Technology, Media & Telecom Conference. Fox is planning to launch the yet-to-be-named service by the end of 2025 to diversify its revenue streams and attract an audience …
Fox CEO expects new streaming service to attract users in mid-single-digit millions Read More »
By Savyata Mishra and Aishwarya Venugopal (Reuters) -U.S. grocer Kroger said on Monday CEO Rodney McMullen has resigned after a board investigation found that his personal conduct was “inconsistent” with certain company policies. The conduct is not related to financial performance, operations or reporting, and it did not involve any Kroger associates, the company said. …
Kroger ousts long-time CEO after probe into personal conduct Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. manufacturing was steady in February, but a measure of prices at the factory gate jumped to nearly a three-year high and it took longer for materials to be delivered, suggesting that tariffs on imports could soon undercut production. Worries about duties on imports dominated commentary from manufacturers in the …
US manufacturing stable, price pressures surge ahead of tariffs storm Read More »
By Howard Schneider WASHINGTON (Reuters) – St. Louis Federal Reserve President Alberto Musalem said on Monday he expects the U.S. economy to continue to expand this year, but recent weaker-than-expected consumption and housing data and reports from business contacts have raised concerns about possible risks to growth. “The outlook for continued solid economic growth looks …
Fed’s Musalem expects continued economic growth, but sees risks in recent data Read More »
