(Reuters) – Apple Inc will require all customers and employees to wear masks at its U.S. retail stores, the iPhone maker said on Tuesday, as COVID-19 cases surge in the country. Last month, Apple had scrapped its mask mandate for customers at more than 100 of the company’s about 270 stores across the United States, …
Apple makes masks mandatory at U.S. retail stores as COVID-19 cases rise Read More »
By Katanga Johnson and Pete Schroeder WASHINGTON (Reuters) -The chair of the U.S. Federal Deposit Insurance Corporation on Tuesday refused efforts by the regulator’s Democratic board members to solicit public feedback on bank merger rules. Republican Jelena McWilliams, chair of the FDIC, said during an open meeting that the move to include the notational vote …
U.S. FDIC chair blocks effort to get public feedback on bank merger rules Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices increased more than expected in November as supply constraints persisted, leading to the biggest annual gain since the series was revamped 11 years ago and supporting views that inflation could remain uncomfortably high for some time. The report from the Labor Department on Tuesday, which also …
U.S. producer prices soar as supply bottlenecks persist Read More »
By Elvira Pollina MILAN (Reuters) – U.S. fund KKR said it was keen to engage with Telecom Italia (TIM) over its $37 billion takeover proposal for the phone group and expected to conduct a due diligence analysis, but had set no deadline for it. A boardroom crisis at TIM, which lost its fourth chief executive …
KKR keen to engage with TIM on bid, no deadline for due diligence Read More »
By Timothy Aeppel (Reuters) – The recreational vehicle industry has done what many U.S. businesses did in the face of this year’s epic shortages and surging inflation: Churned out more products and made more money than ever before. Winnebago Industries Inc reported record fiscal 2020 revenues in October – up over 50% from the previous …
RV industry rolls through U.S. shortages, inflation Read More »
By David Shepardson WASHINGTON (Reuters) – A divided U.S. appeals court has rebuffed a request by six employees to block United Airlines from enforcing a COVID-19 vaccine mandate for workers that imposes unpaid leave on those who are granted religious or medical exceptions. A panel of the New Orleans-based 5th U.S. Circuit Court of Appeals …
U.S. appeals court declines to block United Airlines vaccine mandate Read More »
By Nivedita Balu (Reuters) – Tesla Inc chief Elon Musk said on Tuesday the electric carmaker will accept dogecoin as payment for merchandise on a test basis, sending the meme-based cryptocurrency up over 20%. “Tesla will make some merch buyable with Doge & see how it goes,” Musk said in a tweet. The carmaker’s shares …
Tesla to accept dogecoin as payment for merchandise, says Musk Read More »
By Gianluca Semeraro and Claudia Cristoferi MILAN (Reuters) – Philippe Donnet, chief executive of Italy’s largest insurer Generali, will on Wednesday outline a new company strategy to try to fend off a leadership challenge brought by two billionaire investors. Construction magnate Francesco Gaetano Caltagirone and Leonardo Del Vecchio, founder of eyewear giant Luxottica, have opposed …
Generali CEO to fight shareholder pressure with new plan Read More »
By Brenna Hughes Neghaiwi and Oliver Hirt ZURICH (Reuters) – Swiss wealth and asset manager Vontobel plans to open a new wealth management office in Miami as it looks to grab a greater share of the North American market, its chief executive told Reuters. “Within the U.S., there is a migration of wealth from the …
Vontobel to open new Miami office in U.S. wealth push Read More »
By Silvia Aloisi and Mimosa Spencer PARIS (Reuters) -French fashion house Chanel named Leena Nair, an executive from Unilever, as its new global CEO on Tuesday, picking a consumer goods veteran to run one of the world’s biggest luxury goods groups. Nair’s career at Unilever spanned 30 years, most recently as the chief of human …
Fashion house Chanel hires Unilever consumer goods veteran as CEO Read More »
