Reuters US Business

By David Lawder RIO DE JANEIRO (Reuters) – Talks over a global tax deal are continuing well past a June 30 deadline and governments are now looking to a Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies. The so-called “Pillar 1” …

Digital tax talks in G20 spotlight as US tariff threat looms Read More »

By Dietrich Knauth NEW YORK (Reuters) – Red Lobster is moving closer to a bankruptcy sale that would put lenders, including Fortress Investment Group, in charge of the company after no other bidders stepped up with an offer to repay the struggling U.S. restaurant chain’s debt, according to court documents. Red Lobster filed for bankruptcy …

Red Lobster moves closer to bankruptcy sale to lenders Read More »

By Makailah Gause (Reuters) -Capital One Financial’s profit fell 61% in the second quarter, it reported on Tuesday, as it set aside more money to cover losses on loans. The company was “continuing to lean into opportunities to grow and further strengthen our domestic card and national consumer banking franchises,” CEO Richard Fairbank said in …

Capital One profit declines 61% as net charge-offs rise Read More »

(Reuters) – Goldman Sachs Group’s alternative investments platform said on Tuesday it bought seven logistics-focused properties across Australia to scale up its real estate portfolio. These “last-mile” properties are located along urban highways in Adelaide, Brisbane, Perth and Melbourne and are leased to e-commerce, transport and wholesale distributors, Goldman Sachs Alternatives said. Last-mile logistics assets …

Goldman Sachs buys Australia logistics properties to beef up real estate portfolio Read More »

(Reuters) – Israeli cybersecurity startup Wiz has ended talks with Google-parent Alphabet on a reported $23 billion deal in which it would have become the U.S. tech giant’s largest-ever acquisition, according to a Wiz memo seen by Reuters. Wiz CEO Assaf Rappaport said the company would now focus on an initial public offering, as it …

Cybersecurity firm Wiz calls off $23 billion deal with Google, memo says Read More »

(Reuters) -AMC Entertainment Holdings has reached an agreement with creditors to extend the maturity of up to $2.45 billion of its debt, the theater chain said on Monday, sending its shares up 12.6% in late afternoon trading. As part of the deal, the company will transfer certain leases, property, and related assets and rights for …

Theater chain AMC reaches new debt restructuring deal, shares surge Read More »

(Reuters) – The U.S. Securities & Exchange Commission has told at least two of the eight firms that have applied to launch the first U.S. exchange-traded funds (ETFs) tied to the price of ether that their products can begin trading on Tuesday. The new products from BlackRock VanEck and six others will begin trading Tuesday …

US SEC approves first spot ether ETFs to start trading Tuesday Read More »

(Reuters) -Warner Bros Discovery’s sports network TNT Sports said on Monday it would exercise its rights to match one of three bids to carry National Basketball Association games, in an effort to preserve its four-decade long partnership with the league. TNT Sports did not say which of the NBA programming packages it was seeking to …

Warner Bros Discovery’s TNT Sports to match competing bid for NBA broadcast rights Read More »