(Reuters) – Sales of new vehicles in the United States are set to gain in June, helped by sustained demand for personal mobility, a study showed on Monday. “Signs of green shoots within the auto demand environment continue to emerge as June US auto sales are expected to follow-up on the solid volume levels of …
US new vehicle sales set to gain in June – S&P Global Mobility Read More »
(Reuters) -PacWest Bancorp unveiled a deal on Monday to sell a $3.54 billion lender finance portfolio to asset manager Ares Management, its latest move to strengthen its balance sheet after it was rocked by the U.S. regional banking crisis. The deal, which helped drive up PacWest shares by more than 6%, came after it said …
PacWest sells $3.5 billion loan portfolio to asset manager Ares Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. Federal Trade Commission Chair Lina Khan is set to testify on July 13 before the House Judiciary Committee led by Republicans who have sharply criticized her leadership of the antitrust enforcement agency, the committee and commission confirmed on Friday. This will be her first appearance before the committee since …
US House panel critical of Twitter probe to question FTC chair at July 13 hearing Read More »
(Reuters) -SolarWinds said on Friday some of its former and current executives had been issued a Wells notice by the U.S. Securities and Exchange Commission over a massive 2020 data breach tied to the software firm. A Wells notice does not necessarily mean that recipients have violated any law. The SEC issues Wells notices to …
SolarWinds executives receive Wells notice from US SEC Read More »
By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia has moved to contain the fallout from a scandal over the misuse of confidential government tax plans by selling its government consulting unit to Allegro Funds and flying in an executive from Singapore to lead the local firm. Here is what you need …
Explainer-PwC Australia fights to contain government tax leak scandal Read More »
LONDON (Reuters) – Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry’s Statistical Review of World Energy report said on Monday. Last year was marked by turmoil in the energy markets after Russia’s invasion of …
Renewables growth did not dent fossil fuel dominance in 2022, report says Read More »
By Marie Mannes STOCKHOLM (Reuters) – Sweden’s competition authority has expressed concern about margins being charged by supermarkets and wholesalers as it probes possible profiteering in a country that saw the largest food price increases in the Nordics this year. Food inflation is a key driver of the cost-of-living crisis in a number of European …
Sweden sees ’cause for concern’ on retailer margins as food prices surge Read More »
By Lewis Jackson SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia is under fire after a former partner leaked confidential government tax plans between 2014 and 2017 which were then used to drum up work with multinational companies hoping to sidestep new rules. Acting Chief Executive Kristin Stubbins told state parliament on Monday there would be “severe” …
Factbox-PwC Australia scandal latest of many around the globe for the firm Read More »
(Reuters) – Law-enforcement officials and retailers are investigating a recent wave of bomb threats across the United States, targeting grocery operators and other stores, the Wall Street Journal reported on Sunday. Retail companies including Kroger, Walmart and Amazon’s Whole Foods Market, among others, have received bomb threats at their stores in recent months, the report …
(Reuters) – A group of investors led by Apollo Global Management is making a debt investment between $1 billion to $2 billion in chipmaker Wolfspeed to support its expansion in the U.S., media outlets reported on Sunday. The financing would make $1.25 billion of cash available immediately to Wolfspeed, while another $750 million could be …
Apollo Global leads debt investment in chipmaker Wolfspeed – media Read More »
