By Daniel Wiessner (Reuters) -A federal judge in Texas on Friday struck down a U.S. National Labor Relations Board (NLRB) rule that would treat many companies as employers of certain contract and franchise workers and require them to bargain with unions representing them. U.S. District Judge J. Campbell Barker in Tyler agreed with the challengers …
Judge blocks US labor board rule on contract and franchise workers Read More »
(Reuters) – Media platform Reddit and its investors are seeking to raise as much as $748 million in its initial public offering, Bloomberg News reported on Sunday. The company is planning a sale of 22 million shares at $31-$34 per share, Bloomberg reported, citing people familiar with the matter. (Reporting by Chandni Shah in Bengaluru, …
Reddit aims to raise $748 million in planned IPO, Bloomberg News says Read More »
MEXICO CITY (Reuters) – The Inter-American Development Bank (IDB) approved a $3.5 billion capital increase for IDB Invest, its private sector arm, the bank’s head, Ilan Goldfajn, told an event on Sunday. With the capital injection, IDB Invest’s size will double in the next few years, Goldfajn said, adding it will have more power to …
IDB approves $3.5 billion capital increase for investment arm Read More »
By Yousef Saba and Maha El Dahan DUBAI (Reuters) -Saudi Arabia’s state-owned oil giant Aramco boosted its dividend despite net profit falling 24.7% to $121.3 billion in 2023 on lower oil prices and volumes, showing the state’s continued reliance on oil revenue as it seeks to diversify. The profit, down from $161.1 billion in 2022, …
Aramco hikes dividend 30% to $98 billion despite drop in profit Read More »
By David Randall NEW YORK (Reuters) -Investors fixated on earnings and monetary policy are starting to factor in another variable that could sway markets this year: the 2024 U.S. presidential election. In his State of the Union address on Thursday, U.S. President Joe Biden proposed raising corporate taxes, whereas his opponent, Republican candidate Donald Trump, …
Battle for White House comes into sharper focus for Wall Street Read More »
By Peter Hobson GRIFFITH, Australia (Reuters) -Millions of vines are being destroyed in Australia and tens of millions more must be pulled up to rein in overproduction that has crushed grape prices and threatens the livelihoods of growers and wine makers. Falling consumption of wine worldwide has hit Australia particularly hard as demand shrinks fastest …
Australian farmers rip out millions of vines amid wine glut Read More »
By Lananh Nguyen NEW YORK (Reuters) – Financial industry heavyweights convened in New York last week to raise funds for a finance museum that has lost its iconic Wall Street address. At the Museum of American Finance gala, billionaire Ken Griffin welcomed attendees on enormous video screens in Manhattan’s art deco-style Ziegfeld Ballroom. Mark Carney, …
As Wall Street titans gather, finance museum searches for a home Read More »
(Reuters) -Gucci-owner Kering and Ray-Ban parent EssilorLuxottica are among the suitors for Italian eyewear manufacturer Marcolin, the Financial Times reported on Saturday. New York-headquartered eyewear maker Marchon has also expressed an interest, the FT added citing a single source. Reuters had reported last month that top managers at Marcolin – which produces Tom Ford spectacles …
Kering and EssilorLuxottica possible suitors for Italy’s Marcolin, FT reports Read More »
By David Shepardson WASHINGTON (Reuters) -Boeing said on Friday it believes required documents detailing the removal of a key part during production of a 737 MAX 9 that failed during a mid-air emergency were never created, according to a letter seen by Reuters. The National Transportation Safety Board (NTSB) said last month the door plug …
Boeing says no documents found on 737 MAX 9 key part removal Read More »
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) – The S&P 500 and Nasdaq closed lower on Friday after touching record highs during the session, with high-flying chip stocks going into reverse and a mixed labor market report that showed more new jobs than expected with a rising unemployment rate. The S&P and Nasdaq briefly …
Wall Street slips from records with Nasdaq leading declines Read More »
