Reuters US Business

By David French, Andres Gonzalez and Davide Barbuscia NEW YORK (Reuters) – A dealmaking splurge by BlackRock in 2024 may continue as the world’s largest asset manager is expected to opportunistically look to further expand in private credit, real estate, infrastructure or possibly private equity. New York-based BlackRock announced last week plans to buy private …

BlackRock’s private markets push may not be over after 2024 buyout spree Read More »

(Reuters) -Mondelez said on Wednesday it would focus on “bolt-on” deals days after a report that the Cadbury parent was exploring the acquisition of Hershey. Hershey shares, which surged as much as 19% on Monday following Bloomberg’s report that Mondelez had made a preliminary approach about a possible combination with the company, were down about …

Mondelez says to focus on ‘bolt-on’ deals amid report of Hershey buyout talks Read More »

By Lananh Nguyen, Saeed Azhar NEW YORK (Reuters) -Wells Fargo CEO Charlie Scharf expressed more confidence on Wednesday in the bank’s progress to fix compliance problems after its years-long fake accounts scandal, detailing its efforts to implement risk controls. “For every one of our consent orders that we have, for every one of our regulatory …

Wells Fargo CEO expresses more confidence in regulatory fixes Read More »

By Diego Oré and Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Mexico’s lower house on Tuesday approved a reform that seeks to regulate labor conditions for delivery workers and drivers working for apps such as DiDi, Rappi and Uber by ensuring access to social security and a Christmas bonus among other benefits. The general reform passed unanimously …

Mexico’s lower house approves unanimously labor reform for app workers Read More »

(Reuters) – German carmaker Mercedes-Benz will reshuffle its management board with four new members, the firm said on Wednesday, with changes due to take effect in 2025. Sabine Kohleisen, Renata Jungo Bruengger, responsible for Integrity, Governance and Sustainability, and Hubertus Troska, board member for Greater China, are to leave the board as their contracts expire, …

Mercedes-Benz reshuffles management board Read More »

By Alex Lawler LONDON (Reuters) -OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China’s sputtering role as the world’s demand growth engine. The weaker outlook underlines the challenge facing OPEC+, which comprises the Organization of …

OPEC makes fifth and biggest cut to 2024 oil demand growth forecast Read More »

By Juveria Tabassum (Reuters) -Macy’s on Wednesday cut its annual profit forecast, sending shares down 10% as weak demand at its nameplate stores and heavy discounts cloud its expectations for the crucial holiday shopping season. The department store chain had last month delayed its quarterly results after it found a single employee made wrong entries …

Macy’s cuts annual profit view as weak demand overshadows holiday sales Read More »