By Jody Godoy NEW YORK (Reuters) -The U.S. Federal Trade Commission sued alcohol distributor Southern Glazer’s on Thursday for giving big customers exclusive discounts, enforcing a law aimed at protecting small retailers from bigger competitors for the first time in decades. The lawsuit is the first the FTC has brought under the Robinson-Patman Act in …
FTC revives price discrimination law, sues alcohol distributor Read More »
(Reuters) – U.S. banking powerhouse JPMorgan Chase on Thursday announced the election of Hershey’s CEO Michele Buck to its board, effective March 17. Buck, 63, is also the president and board chairman of Hershey, the snacking and confectionary company behind successful brands such as Reese’s Peanut Butter Cups and Milk Duds. She started her career …
US banking giant JPMorgan elects Hershey CEO Michele Buck to board Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are set to end the week on the defensive, pressured by rising U.S. bond yields and a firmer dollar, with investors ready to reduce risk exposure as they ponder the cross-currents sweeping through the emerging world. China’s latest pledges …
Morning Bid: China deepens stimulus drive, global signals mixed Read More »
By Michael S. Derby NEW YORK (Reuters) – The head of the Federal Reserve Bank of New York’s powerful Markets Group, Michelle Neal, is stepping down and will leave the bank in March 2025, the bank said in a press release on Thursday. Neal will serve as a senior advisor at the bank until she …
NY Fed Markets Group chief Neal resigns, will exit bank in March 2025 Read More »
(Reuters) – Boeing said on Thursday it plans to spend $1 billion to support increased production of its 787 Dreamliner widebody jets, as the U.S. planemaker works to meet an earlier output target of 10 a month by 2026. Boeing plans to expand operations at its Charleston County, South Carolina, facility with the $1 billion …
Boeing to invest $1 billion to help increase 787 production in South Carolina Read More »
(Reuters) – Bausch + Lomb is exploring a potential sale among other options, it said on Thursday, in a move that would help Canadian parent Bausch Health exit the eye-care company. Bausch + Lomb also said its statement was in response to a request from the Canadian Investment Regulatory Organization (CIRO) after a series of …
Contact lens maker Bausch + Lomb says it is exploring sale Read More »
WASHINGTON (Reuters) – U.S. mortgage rates dropped to the lowest level in nearly two months this week, a trend that if sustained could boost home sales in the coming months. The average rate on the popular 30-year fixed-rate mortgage fell to 6.60%, the lowest level since the week ending Oct. 24, from 6.69% last week, …
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s economy is expected to have contracted 2.6% in the third quarter of 2024 versus a year earlier, the sixth straight such decline, but expanded against the quarter before, breaking a technical recession going back to the end of last year. A Reuters poll on Thursday, involving 13 …
Argentina economy seen shrinking 2.6% in Q3, but recession could break Read More »
(Reuters) -Australia’s corporate watchdog said on Thursday that the country’s federal court ordered crypto exchange Kraken’s local operator to pay an A$8 million ($5.1 million) fine for unlawfully issuing a credit facility to more than 1,100 customers. The Australian Securities and Investments Commission (ASIC) initiated civil proceedings last year against Bit Trade, which operates the …
Australia orders $5.1 million fine on Kraken crypto exchange operator Read More »
(Reuters) – A crypto venture recently unveiled by U.S. President-elect Donald Trump and his new Middle East envoy, billionaire Steve Witkoff, has partnered with a crypto platform that authorities and financial experts say has been used by criminals and Iran-backed militant groups Hamas and Hezbollah. World Liberty Financial Inc, founded by the Witkoff family two …
Trump crypto venture partners with platform linked to Middle East militants Read More »
