Reuters US Business

CHICAGO (Reuters) – Tyson Foods, which is seeking to cut costs, will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker’s Arkansas headquarters, the company confirmed on Tuesday. Tyson said it will eliminate 177 employees from an office in downtown Chicago and 51 employees in suburban Downers Grove, Illinois, starting …

Tyson Foods to lay off 228 employees near Chicago who decline move to Arkansas Read More »

By Chibuike Oguh NEW YORK (Reuters) – The asset management arm of Australian bank Macquarie Group Limited has bought a majority stake in waste management firm Coastal Waste & Recycling, the bank said on Tuesday. The terms of the deal were not disclosed. The transaction values Coastal Waste & Recycling at about $900 million, according …

Macquarie picks up majority stake in Coastal Waste & Recycling Read More »

By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried, the indicted founder of bankrupt cryptocurrency exchange FTX, wants a U.S. judge to throw out criminal charges brought against him following his extradition from the Bahamas. In papers filed late Monday in Manhattan federal court, lawyers for the former billionaire said they asked Bahamas’ Supreme Court …

Sam Bankman-Fried challenges post-extradition charges in Bahamas court Read More »

By Richa Naidu LONDON (Reuters) – As a new European Union zero-tolerance deforestation law looms, several major investors told Reuters they are concerned about their exposure to the issue, with some saying they could quit consumer goods makers with “risky” supply chains. The EU agreed in December a new rule to prevent companies from selling …

Exclusive – Investors may exit consumer goods firms over EU deforestation law Read More »

By Clara Denina and Simon Jessop LONDON (Reuters) – BlackRock on Tuesday launched the “Brown to Green Materials Fund” targeting undervalued carbon-intensive companies that produce the raw materials and products driving the energy transition. Investors are increasingly focused on what actions companies in industries such as metals and mining, cement, and construction, are taking to …

BlackRock fund targets greening of materials sector Read More »

By David Shepardson WASHINGTON (Reuters) -The head of a trade group representing nearly all major automakers urged the U.S. Environmental Protection Agency to “ease up” on its aggressive proposal to sharply cut vehicle emissions through 2032, saying it could benefit China. Alliance for Automotive Innovation CEO John Bozzella said Monday in a blog post the …

Automaker group urges US EPA to ‘ease up’ on vehicle emissions rules Read More »

By Manya Saini, Anirban Sen and John McCrank (Reuters) -Nasdaq on Monday agreed to buy Thoma Bravo-owned software firm Adenza for $10.5 billion, with the exchange operator’s biggest-ever deal broadening its financial technology footprint but giving shareholders a case of sticker shock. Adenza’s risk management and regulatory software is primarily used by banks and brokerages …

Nasdaq to buy fintech firm Adenza for $10.5 billion, rattling some investors Read More »

By Doyinsola Oladipo NEW YORK (Reuters) -The City of New York will delay enforcing a municipal law that Airbnb Inc said could limit the number of people who can host rentals in the city, a Friday court filing showed. The short-term rental company filed a lawsuit against the city on June 1 over the law …

New York City to delay enforcing law against Airbnb hosts Read More »

By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and the Nasdaq rallied on Monday to their highest closing levels since April 2022, while Oracle hit a record high ahead of quarterly results as investors awaited inflation data and the Federal Reserve’s interest rate decision this week. Lifted by gains in market …

S&P 500 and Nasdaq close at highest since April 2022 Read More »

(Reuters) -Electric vehicle charging equipment makers Blink Charging, ChargePoint and Tritium said on Monday they will offer chargers with Tesla’s connector, as the standard Combined Charging System (CCS) connector falls out of favor with automakers. General Motors, one of the largest U.S. automakers, said last week it would join Ford in adopting Tesla’s previously proprietary …

Blink, ChargePoint to launch EV chargers with Tesla’s charging connector Read More »