Reuters US Business

By Arasu Kannagi Basil, Pete Schroeder and Lananh Nguyen (Reuters) -U.S. bank stocks were unfazed on Friday after a report that President-elect Donald Trump’s team had floated the idea of shrinking or eliminating a top banking regulator, with analysts saying such a plan would not win the necessary political backing. In recent interviews with bank …

Trump’s floated idea to shutter FDIC would be political heavy lift, say analysts Read More »

By Andrew Chung (Reuters) -The U.S. Supreme Court agreed on Friday to hear a bid by fuel producers to challenge California’s standards for vehicle emissions and electric cars under a federal air pollution law in a major case testing the Democratic-governed state’s power to fight greenhouse gases. The justices took up an appeal by a …

US Supreme Court to hear dispute over California tailpipe emissions, EV standards Read More »

By Chris Prentice NEW YORK (Reuters) – The U.S. Securities and Exchange Commission has given Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire’s $44-billion takeover of Twitter in 2022, a source familiar with the matter told Reuters. The development, which signals the investigation may be nearing a …

Musk has until Monday to respond to SEC Twitter settlement, source says Read More »

By Manas Mishra and Amina Niasse (Reuters) -The suspect in the murder of UnitedHealth Group executive Brian Thompson was not a customer of the health insurer, a company spokesperson said on Friday. Ivy League-educated Luigi Mangione was charged with murder on Dec. 9 for the killing of Thompson outside a Manhattan hotel before a company …

Suspect in UnitedHealth executive murder was not a customer of the insurer Read More »

By Brendan O’Boyle and Diego Oré MEXICO CITY (Reuters) -Mexico’s antitrust watchdog Cofece ruled that the local unit of U.S.-based retail giant Walmart, known as Walmex, engaged in monopolistic behavior related to its suppliers, the company said in a statement on Friday. Walmex said it has been ordered to pay a fine of just over …

Mexican regulator fines local Walmart unit for monopolistic practice Read More »

By Aaditya GovindRao (Reuters) -Australia’s Insignia Financial said on Friday it has received a non-binding takeover all-cash proposal from private equity Bain Capital, valuing the 178-year-old wealth manager at A$2.67 billion ($1.70 billion), in another bid that represents growing interest in the country’s investment managers. Shares in Insignia rose as much as 9.6% to A$3.725 …

Australia’s Insignia Financial gets $1.7 billion takeover offer from Bain Capital; shares rise Read More »