By Nupur Anand, Tatiana Bautzer and Manya Saini NEW YORK (Reuters) -JPMorgan Chase investment banking fees are expected to rise by 45% in the fourth quarter over a year ago, Marianne Lake, the bank’s CEO of consumer and community banking, said on Tuesday. Trading fees are likely to jump by 15% in the fourth quarter, …
JPMorgan Chase expects investment banking fees to be up by 45% in Q4 Read More »
By Jessica DiNapoli NEW YORK (Reuters) – Colgate-Palmolive is soliciting feedback on possible new product from “digital twins” of prospective consumers, the company’s chief analytics & insights officer Diana Schildhouse said on a Reuters NEXT panel on Tuesday. New York-based Colgate built the “digital twins” – programmed to simulate a real-life consumer – internally to …
Toothpaste maker Colgate testing new product ideas on ‘digital twins’ Read More »
By Lananh Nguyen, Nupur Anand and Saeed Azhar NEW YORK (Reuters) -Goldman Sachs CEO David Solomon said on Tuesday that dealmaking in equities, mergers and acquisitions, could exceed 10-year averages next year. “I think in 2025 we will certainly be at 10-year averages. We might even be ahead of 10-year average,” Solomon said in an …
Goldman CEO says dealmaking could surpass 10-year averages in 2025 Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. Postmaster General Louis DeJoy defended plans to buy a rising number of electric delivery vehicles and said he did not plan to return funding earmarked for zero-emission models without legislation from Congress. In 2023, Congress gave USPS $3 billion as part of a $430 billion climate bill to buy …
US Postal Service chief defends plan to buy rising number of EVs Read More »
By Nate Raymond and Brendan Pierson (Reuters) -Ohio’s top court ruled on Tuesday that pharmacy chain operators CVS, Walmart and Walgreens could not be held liable for fueling an opioid epidemic in two Ohio counties that won a $650.9-million judgment against them. The Ohio Supreme Court held on a 5-2 vote that a state law …
Pharmacies prevail in appeal of $650-million opioid award in Ohio Read More »
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup expects a 25% to 30% rise in investment banking fees in the fourth quarter from a year earlier, while market revenue will grow by a “high-teens” percentage, Chief Financial Officer Mark Mason said on Tuesday. Mason also said he expects the bank to be on the high end …
Citigroup expects up to 30% rise in investment banking fees in Q4 Read More »
By Pritam Biswas and Arasu Kannagi Basil (Reuters) -Arthur J Gallagher will buy insurance broker AssuredPartners in a $13.45 billion all-cash deal, it said on Monday, as it deepens focus on property and casualty and employee benefits across the U.S. The deal will expand Gallagher’s offerings in niche segments, including transportation, energy, healthcare, government contractors …
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Tuesday it had finalized a $6.165 billion government subsidy for Micron Technology to produce semiconductors in New York and Idaho. The funding will support Micron’s long-term plan to invest around $100 billion in manufacturing in New York and $25 billion in Idaho and is …
US finalizes $6.1 billion Micron chip-making subsidy Read More »
NEW YORK (Reuters) -Super Micro Computer Chief Executive Charles Liang on Tuesday said he is confident the technology company’s stock will not be delisted from the Nasdaq. On the sidelines of the Reuters NEXT conference in New York, Liang said Super Micro would file its necessary financial reports by February. The embattled company received a …
Super Micro CEO confident stock will not be delisted Read More »
NEW YORK(Reuters) – Goldman Sachs expects “strategic” deals by companies to accelerate in 2025 including large-scale mergers and acquisitions, its finance chief said on Tuesday. “The intensity of our client dialog is accelerating and there are aspects of the overall strategic activity which are becoming more pronounced,” Chief Financial Officer Dennis Coleman said at the …
Goldman Sachs sees more larger-scale strategic deals in 2025 Read More »
