Reuters US Business

By Arriana McLymore NEW YORK (Reuters) -E-retail giant Amazon is facing 18 shareholder proposals, beating its 2022 record of 15 proposals, as environmental, social and governance (ESG)-focused investors push for more changes in the company, according to Amazons’ proxy statement released on Thursday. The proposals cover a variety of topics including a request to change …

Amazon shareholder proposals hit a record for second-consecutive year Read More »

By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended sharply higher on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate hike cycle. All three major U.S. stock indexes surged more than 1%, with interest …

Wall St rallies to higher close as inflation data feeds Fed pause hopes Read More »

(Reuters) -National Public Radio (NPR) will no longer post content to its 52 official Twitter feeds in protest against a label by the social media platform that implies government involvement in the U.S. organization’s editorial content. NPR said on Wednesday Twitter refused its repeated requests to remove the inaccurate label of “state-affiliated media”, now changed …

NPR to stop using Twitter, says account’s new label misleading Read More »

By Huw Jones LONDON (Reuters) – KPMG has been fined 875,000 pounds ($1.09 million) for its audit of lighting manufacturer Luceco for its financial year to Dec. 31, 2016, Britain’s accounting watchdog said on Thursday. During 2016 Luceco was the parent of companies that produced and distributed lighting products and wiring accessories, with subsidiaries in …

KPMG fined 875,000 pounds for failures in Luceco audit Read More »

By Balazs Koranyi WASHINGTON (Reuters) – European Central Bank policymakers are converging on a 25 basis point interest rate hike in May, even if other options remain on the table and the debate is not yet settled, according to five sources with direct knowledge of the discussion. The ECB has raised rates by at least …

Exclusive-ECB policymakers converging on 25-bps rate hike in May – sources Read More »

ZURICH (Reuters) – UBS has hired JPMorgan to explore a possible IPO of Credit Suisse’s domestic business, Zurich based finance blog Inside Paradeplatz reported on Thursday. Last month UBS agreed to takeover Credit Suisse for 3 billion francs as part of a merger engineered by Swiss authorities, while the Alpine state put up more than …

UBS has hired JPMorgan to explore C.Suisse domestic spin-off -Swiss media Read More »

By Dawn Chmielewski BURBANK, Calif. -Warner Bros Discovery Inc on Wednesday said it will launch on May 23 its long-awaited new streaming service, christened “Max”, combining HBO Max’s scripted entertainment with Discovery’s reality shows. The service will seek to expand its reach beyond devotees of HBO’s acclaimed and edgy shows by incorporating more unscripted fare, …

Warner Bros Discovery unveils revamped ‘Max’ in push for streaming growth Read More »

By Pratyush Thakur and Bianca Flowers (Reuters) -Motorcycle maker Harley-Davidson Inc said on Wednesday Chief Financial Officer Gina Goetter was leaving the company at the end of April to pursue another job. The Milwaukee-based company said Vice President David Viney will take over as interim CFO after Goetter’s departure on April 28. Shares of the …

Harley-Davidson CFO to step down, shares fall 6% Read More »

By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Wednesday called for the World Bank to implement further reforms this year to expand its ability to help developing countries meet global challenges such as climate change. Yellen hosted talks with global finance officials to discuss an initial spate of balance sheet changes that …

Yellen pushes for ‘bold action,’ more reforms at World Bank this year Read More »