By Suzanne McGee and Ross Kerber (Reuters) -BlackRock has asked the U.S. Federal Deposit Insurance Corporation to extend its deadline to reach an agreement on how the agency would oversee the giant asset manager’s investments in FDIC-regulated banking organizations from Friday until March 31, according to a letter the firm sent to regulators on Thursday …
BlackRock seeks to push FDIC bank oversight deadline to March Read More »
DUBLIN (Reuters) – A long-running production shortfall by planemakers will underpin supply and demand dynamics that are boosting airline and lessor profits for at least another decade, the head of the world’s second-largest aircraft leasing company Avolon said on Friday. Aircraft manufacturers and suppliers have struggled to keep up with a post-pandemic recovery in travel …
Aircraft lessor Avolon sees impact of supply issues lasting a decade Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Proxy advisory firm Glass Lewis on Thursday recommended that Air Products and Chemicals investors elect all four of Mantle Ridge’s board candidates, lending support to the activist investor in the year’s first big board challenge. Mantle Ridge argues the industrial gases company needs to lay out a succession plan …
By Ross Kerber (Reuters) – BlackRock, the world’s biggest asset manager, said on Thursday it will leave the Net Zero Asset Managers Initiative, the latest Wall Street firm to depart an environmentally focused investor group under pressure from Republican politicians. BlackRock, which manages some $11.5 trillion, said that with two-thirds of its global clients committed …
BlackRock quits climate group as Wall Street lowers environmental profile Read More »
By Jonathan Stempel NEW YORK (Reuters) -Fox Corp, the parent of Fox News Network, failed to convince a New York state appeals court to dismiss a defamation claim in electronic voting systems company Smartmatic’s $2.7 billion lawsuit over the network’s 2020 post-election coverage. A five-judge panel of the Appellate Division in Manhattan ruled on Thursday …
Fox Corp must face Smartmatic $2.7 billion defamation claim Read More »
By Amina Niasse and Ross Kerber NEW YORK / BOSTON (Reuters) – UnitedHealth Group shareholders on Wednesday said they requested the company prepare a report on the costs and public health impact related to its “practices that limit or delay access to healthcare.” If the proposal makes it to a vote at the company’s annual …
Shareholders urge UnitedHealth to analyze impact of healthcare denials Read More »
(Reuters) -Department store operator Macy’s said on Thursday it will close 66 store locations as part of a strategy it announced last year. The company said it will invest in 350 “go-forward” Macy’s locations across the country through fiscal 2026. The closures come months after the company announced it would be closing 150 “underproductive” stores …
Department store operator Macy’s to close certain stores across US Read More »
By Abhirup Roy LAS VEGAS (Reuters) -Global auto suppliers are working out how much of their production can be moved to the United States, or closer to it, as a defense against tariffs promised by President-elect Donald Trump, according to industry executives at CES in Las Vegas. The auto industry has already experienced eight years …
Trump’s tariff threat spurs auto suppliers to rethink production plans Read More »
HOUSTON (Reuters) – U.S. oil producer Chevron will donate to President-elect Donald Trump’s inaugural fund, a company spokesperson said on Thursday, declining to specify the amount. The company joins other major U.S. firms including Meta Platforms, Goldman Sachs and Amazon in contributing to Trump’s inauguration ceremony, which takes place on Jan. 20. “Chevron has a …
(Reuters) – Below is a history of Reuters polls of analysts’ expectations for figures in the U.S. Department of Agriculture’s annual U.S. winter wheat seedings report. The USDA’s report is based on a survey of roughly 72,200 farmers. Ahead of the report’s release, Reuters surveys as many as 24 grain analysts for their expectations. The …
Factbox-History of trade estimates for USDA winter wheat seedings Read More »
