WASHINGTON (Reuters) -The U.S. filed a civil lawsuit on Tuesday against private equity firm KKR & Co, “for repeatedly flouting the premerger antitrust review process,” alleging the company avoided antitrust scrutiny for at least 16 deals from 2021 to 2022. “Through document omissions, alterations, and failures to report deals, KKR threatened the integrity of the …
US sues KKR for allegedly avoiding antitrust scrutiny Read More »
By Nupur Anand, Niket Nishant, Saeed Azhar (Reuters) -One of the leading contenders to become CEO of JPMorgan Chase, Jennifer Piepszak, on Tuesday took herself out of the running for now, raising the chances of a trio of other executives vying for Wall Street’s top job. Investors have been focused on who will succeed Jamie …
JPMorgan’s Piepszak exits CEO race for now, making contest murkier Read More »
By David Shepardson WASHINGTON (Reuters) – The long-time head of the trade group Airlines for America who helped U.S. airlines win $54 billion in federal COVID relief funds will retire at the end of the year. Nick Calio, a former aide to President George W. Bush, has headed the influential airline lobbying group since 2011 …
US airline industry lobbying group chief retiring at end of year Read More »
WASHINGTON (Reuters) – The U.S. government posted an $87 billion budget deficit in December, reduced partly by a shift of benefit payments into November but capping a record $711 billion deficit for the first three months of the 2025 fiscal year, the U.S. Treasury Department said on Tuesday. The Treasury, releasing its final budget report …
U.S. posts record $711 billion deficit for first three months of fiscal 2025 Read More »
By Jonathan Saul LONDON (Reuters) – The safety risks posed by unregulated oil tankers are rising, and the so-called shadow fleet is a threat to both the maritime environment and seafarers, the head of the United Nations’ shipping agency said on Tuesday. The shadow fleet refers to hundreds of ships used by Russia to move …
Risks from unregulated tanker fleet rising, UN shipping chief says Read More »
By Bhanvi Satija and Patrick Wingrove (Reuters) -Eli Lilly’s stock tumbled 8% on Tuesday after it forecast fourth-quarter sales of weight-loss drug Zepbound below Wall Street estimates, marking the second time sales have disappointed since the drug’s launch in late 2023. The company’s shares were trading at $739.23, on track for their worst single-day decline …
Lilly shares on track for worst day since 2021 after downbeat Zepbound sales forecast Read More »
(Reuters) – Generative artificial intelligence bellwether OpenAI said on Tuesday that it is introducing a beta feature called Tasks to ChatGPT, signaling the company’s foray into the virtual assistant space, competing with Apple’s Siri and Amazon’s Alexa. Tasks will enable ChatGPT users to request tasks to be performed at a future time, including one-time reminders …
OpenAI rolls out assistant-like feature ‘Tasks’ to take on Alexa, Siri Read More »
By Suzanne McGee and Davide Barbuscia (Reuters) – Los Angeles-based asset management firms overseeing more than $4 trillion in assets are grappling with the impact of the region’s destructive wildfires on their operations, with some relocating office space and supporting staff members who have lost their homes. The Los Angeles area is home to large …
By Marc Jones LONDON (Reuters) – Hopes of a ceasefire deal to end the war in Gaza lifted the region’s government bond markets and Israel’s shekel on Tuesday as investors sensed relief after 15 months of conflict. Negotiators were meeting in Qatar hoping to finalise a ceasefire and hostage release agreement after U.S. President Joe …
Gaza ceasefire deal hopes lift region’s government bond markets Read More »
By Anna Tong SAN FRANCISCO (Reuters) – ChatGPT maker OpenAI said on Tuesday private equity veteran Adebayo Ogunlesi, who is currently the CEO of Global Infrastructure Partners (GIP), has joined its board. Ogunlesi, 71, will be advising OpenAI on securing access to the infrastructure necessary for advancing its artificial intelligence development, OpenAI said in a …
Private equity investor Adebayo Ogunlesi joins OpenAI’s board Read More »
