(Reuters) – Tilray Brands would buy four craft breweries from beer maker Molson Coors in a bid to expand business beyond its range of cannabis products, the company said on Tuesday . The pot producer would acquire Hop Valley Brewing Company, Terrapin Beer Co, Revolver Brewing and Atwater Brewery and expand its portfolio, adding 30% …
Tilray to buy four craft breweries from Molson Coors Read More »
ZURICH (Reuters) – UBS on Tuesday agreed to sell Credit Suisse’s U.S. mortgage servicing business, UBS Chief Financial Officer Todd Tuckner said on Wednesday. Tuckner said the transaction was expected to close in the first quarter of next year. (Reporting by Dave Graham, Editing by Rachel More)
FRANKFURT (Reuters) – Thyssenkrupp continues to be in good discussions with private equity firm Carlyle and German state lender KfW over the sale of a majority stake in its warship division, finance chief Jens Schulte told journalists on Wednesday. Sources told Reuters in June that Carlyle and KfW are in discussions to jointly acquire a …
Thyssenkrupp in good talks with Carlyle, KfW over warship unit sale Read More »
By Nora Eckert and Daniel Wiessner DETROIT (Reuters) -The United Auto Workers Union said on Tuesday it has filed complaints with the National Labor Relations Board against Donald Trump and Tesla CEO Elon Musk over attempts to threaten and intimidate workers. It is unclear whether the NLRB would take action against Trump for his comments …
UAW accuses Trump, Musk of trying to intimidate workers in labor complaints Read More »
(Reuters) -General Motors has been sued by the state of Texas, which accused the automaker of installing technology on more than 14 million vehicles to collect data about drivers, which it then sold to insurers and other companies without drivers’ consent. Texas Attorney General Ken Paxton said Tuesday’s lawsuit arose from a probe announced in …
GM is sued by Texas over collection, sale of drivers’ private data Read More »
SAO PAULO (Reuters) – LATAM Airlines could potentially buy as many as 30 aircraft from Brazilian planemaker Embraer as the carrier looks to expand operations in Latin America’s largest economy, Brazil’s ports and airports minister said on Tuesday. WHY IT’S IMPORTANT The local unit of Chile-based LATAM, Brazil’s No.1 airline by market share, wants to …
LATAM Airlines mulls possible purchase of up to 30 Embraer jets, Brazil minister says Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing power for businesses, evidence of waning inflation pressures that reinforced hopes of an interest rate cut next month. The report from the …
US producer inflation slows as pricing power diminishes Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Panic appears to have faded following last week’s outbreak of volatility in U.S. stocks, but if history is any guide, markets might remain jittery for months. Wall Street’s most closely watched gauge of investor anxiety, the Cboe Volatility Index, has rapidly eased after closing at a four-year …
Analysis-Fear fades in US stocks, but history shows quick return to calm unlikely Read More »
By Abigail Summerville (Reuters) -U.S. indexes closed higher on Tuesday and hit a near two-week high after softer producer prices data reinforced bets of an interest-rate cut by the Federal Reserve in September. U.S. producer prices increased less than expected in July as a rise in the cost of goods was tempered by cheaper services, …
Wall Street ends higher as softer producer prices data boosts rate-cut bets Read More »
(Reuters) -Atlanta Federal Reserve President Raphael Bostic on Tuesday said recent economic data has made him “more confident” the U.S. central bank can get inflation back to its 2% target, but he wants to see “a little more data” before he’s ready to support lowering interest rates. Bostic, speaking at an event in Atlanta, noted …
Fed’s Bostic says a ‘little more data’ needed to support cutting rates Read More »
