(Reuters) -Universal Music Group (UMG) said on Saturday that billionaire Bill Ackman’s Pershing Square has no right to require the record label to become a U.S.-domiciled company or delist from Euronext Amsterdam. Ackman had said in a post on X on Friday he would seek to delist investment firm Pershing Square, which holds a stake …
UMG says Pershing does not have right to require Amsterdam delisting Read More »
WASHINGTON (Reuters) -Minneapolis Federal Reserve President Neel Kashkari said he was not concerned about a potential clash between the Fed and President-elect Donald Trump because both major U.S. political parties want inflation lower. “I am not concerned about the dynamics in Washington,” following Tuesday’s election of Trump, Kashkari said in an interview on Fox News. …
Fed’s Kashkari: Both political parties want inflation lower Read More »
(Reuters) -Online travel agency Booking.com could cut jobs as part of a review of its organizational structure, it said on Saturday. The company, a unit of Booking Holdings, said in an emailed statement that it was in the early stages of the review process and no firm decision had been made. “This is a difficult …
Booking.com could cut jobs as part of reorganization plan Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors are increasingly factoring what potential Republican control of government could mean for stocks, bonds and currencies, even as the first feverish market reactions to Donald Trump’s presidential victory begin to settle. A so-called red sweep scenario, in which Republicans control the White House and both houses …
After Trump win, investors savor ‘red sweep’ possibilities Read More »
By Shariq Khan NEW YORK (Reuters) – U.S. renewable fuel credits rose to multi-month highs on Friday on increased demand from refiners trying to comply with mandates and higher prices for soyoil, surprising traders who expected Donald Trump’s reelection as U.S. president to weigh on the market. Rising prices for the credits, also called Renewable …
US renewable fuel credits rally to multi-month highs despite Trump reelection Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 briefly surpassed the 6,000 mark and closed with its biggest weekly percentage gain in a year, as Donald Trump’s election victory and a possible Republican Party sweep in Congress fueled expectations for favorable business policies. Also supporting stocks this week was a widely expected interest …
S&P 500 breaks 6,000 level as Trump and Fed-fueled rally advances Read More »
By Ed White (Reuters) – Canada’s exports of canola oil and forest products from West Coast ports have halted due to a labor dispute, producers said on Thursday. The stoppage, which started on Monday, involves limited strike action by the longshore foremen and a full lockout of Local 514 of the International Longshore and Warehouse …
Labor dispute stops Canadian canola oil, forestry exports from West Coast Read More »
By Pete Schroeder and Chris Prentice WASHINGTON/NEW YORK (Reuters) -The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump’s incoming administration as Wall Street sees a window of opportunity to influence policy. Numerous financial trade groups are working on detailed lists to hand to Trump’s transition team, …
Wall Street drafts Trump wish lists over bank capital, SEC regulation Read More »
(Reuters) -Enphase Energy will cut its global workforce by about 17%, impacting about 500 employees and contractors, it said on Friday, as the solar inverter maker streamlines operations amid slowing residential solar demand. The company, which has been grappling with a deteriorating market for residential solar in Europe, will focus contract manufacturing in four existing …
Enphase Energy to lay off 17% of workforce, take up to $20 million in charges Read More »
By Nate Raymond and David Shepardson (Reuters) -A U.S. appeals court on Friday held that a trial judge correctly found that American Airlines’ now-scrapped U.S. Northeast partnership with JetBlue Airways violated federal antitrust law. Siding with the U.S. Department of Justice, the Boston-based 1st U.S. Circuit Court of Appeals affirmed a trial judge’s ruling blocking …
American Airlines loses US appeal of ruling barring JetBlue alliance Read More »
