By Chuck Mikolajczak NEW YORK (Reuters) -The S&P 500 eked out a slight gain in a subdued session while the Nasdaq fell on Monday, weighed down by a drop in technology stocks as investors assessed the likelihood of an upsized rate cut from the U.S. Federal Reserve this week. The S&P technology index, the best …
S&P inches up, Nasdaq declines as tech weighs ahead of Fed decision Read More »
WASHINGTON (Reuters) – The head of the Federal Aviation Administration will testify on Sept. 24 before the House of Representatives Transportation Committee on Boeing’s quality improvement plan, the committee said Monday. FAA Administrator Mike Whitaker in late February gave Boeing 90 days to come up with a plan to address “systemic quality-control issues.” Boeing delivered …
FAA chief to testify on Sept. 24 on Boeing quality turnaround plan Read More »
By Brendan Pierson (Reuters) -A state judge in Oregon has overturned a jury’s $260 million verdict against Johnson & Johnson in a lawsuit brought by a woman who said she got mesothelioma, a deadly cancer linked to asbestos exposure, from inhaling the company’s talc powder, the company said on Monday. Judge Katharine von ter Stegge …
J&J gets $260 million talc verdict overturned in Oregon, new trial ordered Read More »
By David Lawder and Lananh Nguyen (Reuters) -Top White House economic adviser Lael Brainard declared that the U.S. economy had turned the corner in bringing down inflation and it was now time to focus on safeguarding jobs and growth. Two days before the Federal Reserve is expected to begin a long-awaited monetary easing cycle, Brainard …
White House’s Brainard says US inflation at turning point, focus should shift to jobs Read More »
(Reuters) -Guardian Pharmacy Services said on Monday it was targeting a valuation as much as $973.5 million in its initial public offering in the United States. Expectations of an imminent interest rate cut by the U.S. Federal Reserve are encouraging more companies to press ahead with their listing plans. Guardian Pharmacy is aiming to raise …
Guardian Pharmacy targets up to $974 million valuation in US IPO Read More »
By Jonathan Stempel (Reuters) -Several oil companies including Exxon Mobil and Chevron defeated an appeal on Monday by consumers who accused them of colluding with former U.S. President Donald Trump, Russia and Saudi Arabia to cut oil production, boosting prices at the pump. In a 3-0 decision, the 9th U.S. Circuit Court of Appeals in …
Big oil companies defeat US consumer lawsuit over production, prices Read More »
By Aditya Kalra NEW DELHI (Reuters) -Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart’s Flipkart to exclusively launch products on the e-commerce firms’ Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters. Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon and …
India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart Read More »
(Reuters) – Asian bonds attracted foreign inflows for a fourth successive month in August on optimism that the U.S. Federal Reserve will start easing interest rates in September. Overseas investors made substantial purchases of regional bonds in Indonesia, India, Malaysia, South Korea and Thailand, totalling a net $14.06 billion in August – the largest monthly …
Asian bonds attract massive inflows in August on Fed easing hopes Read More »
By Valentina Za and Cristina Carlevaro MILAN (Reuters) -Italian private bank Banca Generali on Monday said it was launching a 98 million euro ($109 mln) all-cash buyout bid for Intermonte, to take the Milanese broker private and direct its services at Banca Generali clients. Shares in Intermonte failed to start trading at the market open, …
Italian private bank Banca Generali bids for broker Intermonte Read More »
BERLIN (Reuters) -Volkswagen may book up to 4 billion euros ($4.4 billion) in provisions for planned capacity cuts as early as the fourth quarter, analysts at brokerage Jefferies said in a note after travelling with company executives in North America. Volkswagen said earlier this month it was considering shutting plants in Germany for the first …
Volkswagen may book up to $4.4 billion in provisions on capacity cuts, Jefferies says Read More »
