Reuters US Business

By Anton Bridge and Makiko Yamazaki TOKYO (Reuters) – A little-known private equity firm is set to take on the toughest job in corporate Japan: turning around Toshiba. Japan Industrial Partners (JIP) is spearheading a $14 billion takeover that will see the troubled conglomerate delisted on Wednesday after 74 years on the Tokyo exchange. While …

In buying Toshiba, a little-known fund takes on Japan Inc’s toughest job Read More »

LONDON (Reuters) – Investors turned more bullish in December, buying stocks and reducing cash holdings on expectations the U.S. Federal Reserve has finished raising interest rates and the global economy will avoid a deep recession, BofA’s fund manager survey on Tuesday showed. Investors are at their most overweight equities relative to cash since January 2022, …

Investors dumped cash and bought stocks in December – BofA Read More »

By Mike Scarcella (Reuters) -Alphabet’s Google has agreed to pay $700 million and to allow for greater competition in its Play app store, according to the terms of an antitrust settlement with U.S. states and consumers disclosed on Monday in a San Francisco federal court. Google will pay $630 million into a settlement fund for …

Google to pay $700 million to US consumers, states in Play store settlement Read More »

By Ahmad Ghaddar LONDON (Reuters) -Attacks launched by Yemen’s Houthi group on commercial ships at the southern end of the Red Sea have prompted several shipping companies to divert vessels, avoiding a route that would take them through Egypt’s Suez Canal in the north and its link to the Mediterranean Sea. The Iran-aligned group says …

How are the Red Sea attacks impacting shipping in the Suez Canal? Read More »

By Michael S. Derby (Reuters) -The average wage U.S. employers were willing to offer new workers surged to record levels in November, a report from the New York Federal Reserve showed on Monday. The average full-time annual wage offer moved to $79,160 in November from $69,475 in July, the regional Fed bank said in its …

New US workers offered record average wages in November, NY Fed says Read More »

(Reuters) – The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the listing of the Grayscale Ethereum Futures Trust ETF, according to a regulatory filing on Monday. Grayscale joins a list of firms whose petitions have either been delayed or denied by the top U.S. markets regulator. Last week, the SEC denied …

US SEC delays decision on listing Grayscale Ethereum Futures Trust ETF Read More »

By Stephen Culp NEW YORK (Reuters) -U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data. A broad but modest rally boosted the S&P 500 and the Nasdaq to solid gains, …

Wall Street ends higher, extending rate-cut rally Read More »

(Reuters) -Amazon is in talks to invest in regional-sports programmer Diamond Sports, a move that would advance the e-commerce giant’s aggressive push into sports content, the Wall Street Journal reported on Monday, citing people familiar with the matter. Diamond Sports Group, which carries the games of more than 40 major sports teams across the United …

Amazon in talks to invest in Diamond Sports – WSJ Read More »

WASHINGTON (Reuters) – The chair of the Senate Energy and Natural Resources Committee wants Congress to vote on reversing the Treasury Department’s electric vehicle tax credit guidance, saying it will increase U.S. reliance on China. Senator Joe Manchin on Monday asked the U.S. Government Accountability Office for a legal opinion on whether the guidance is subject to review …

Manchin wants US Senate vote to reverse Treasury EV tax credit guidance Read More »

By Martin Coulter LONDON (Reuters) -A bipartisan group of lawmakers has written to U.S. President Joe Biden, warning European technology regulation are unfairly targeting U.S. companies and not including many Chinese or EU firms, according to a letter seen by Reuters on Monday. Under the European Union’s Digital Markets Act (DMA), five major U.S. tech …

Exclusive-US lawmakers warn Biden to probe EU targeting of tech firms -letter Read More »