By Alison Frankel (Reuters) – Meta Platforms Inc has almost no chance of barring the chair of the U.S. Federal Trade Commission, Lina Khan, from participation in the FTC’s challenge to Meta’s planned acquisition of virtual reality content developer Within Unlimited Inc. But that has not stopped Meta from continuing to wage a campaign for …
Meta refuses to give up on campaign to disqualify FTC chair Read More »
By Howard Schneider WASHINGTON (Reuters) – The St. Louis Federal Reserve said it would “think differently” about appearances by its president James Bullard at closed press events after news reports of his attendance at a private policy forum last week sponsored by Citigroup, a major bank under Fed regulation. The New York Times first reported …
St. Louis Fed says will “think differently” about involvement in private events Read More »
By Paul Lienert (Reuters) – General Motors Co on Thursday unveiled the latest addition to its growing family of full-size electric pickup trucks, the 2024 GMC Sierra EV. The first version, due in early 2024, is the fully loaded Sierra EV Denali Edition 1, which will be built in limited numbers and priced from $107,000. …
Sierra EV joins General Motors’ electric truck family in early 2024 Read More »
By Anthony Esposito and Ana Isabel Martinez MEXICO CITY (Reuters) – Mexico’s finance ministry has been tasked with refinancing the country’s debt, especially bonds maturing in 2025, in order to help ease the financial burden on the next administration when it takes office, a senior official said. Some 40% of the 2025 debt profile has …
Mexico refinancing debt to help next government, official says Read More »
By Valentine Hilaire MEXICO CITY (Reuters) – Spin by Oxxo, the financial technology initiative launched by Mexican bottler and retailer Femsa, is set to reach 10 million users by 2023, up from four million currently, Spin’s Director General Asensio Carrion told Reuters. “The porosity we have allows us to reach more distant places and offer …
FEMSA’s fintech arm eyes 10 million users in Mexico by 2023 Read More »
MEXICO CITY (Reuters) -Walmart’s Mexico unit on Thursday said its third-quarter net profit rose 10% from the year-earlier period, helped by strong same-store sales as the retailer works to keep prices low at a time of swelling inflation. Walmart de Mexico, the biggest retailer in Mexico, posted a net profit of 12.15 billion pesos ($603.8 …
Walmart’s Mexico unit sees quarterly net profit rise 10% Read More »
By Brendan Pierson (Reuters) -Walmart Inc has agreed to pay $215 million to resolve claims its pharmacies fueled an epidemic of opioid addiction in Florida, the state’s attorney general announced on Thursday. As part of the deal, Walmart has also agreed to dispense 672,000 treatment kits with the anti-overdose drug naloxone to first responders in …
Walmart to pay $215 million to settle Florida opioid claims Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. Federal Reserve official reinforced expectations the central bank will be aggressive in hiking interest rates outweighed a flurry of solid corporate earnings. Stocks initially rose early in the session, boosted by …
Wall Street ends lower as Fed worries outweigh earnings Read More »
BENGALURU (Reuters) – Colgate-Palmolive (India) reported quarterly profit above market estimates on Thursday, benefiting from price increases it had implemented to counter the blow from a surge in raw material costs. Consumer packaged goods makers across the globe have jacked up prices of everything from toothpaste to coffee as the Russia-Ukraine war and global supply …
Colgate-Palmolive’s India arm beats earnings estimates on price increases Read More »
LONDON – Unexplained damage to the Nord Stream pipelines that run under the Baltic Sea have dashed hopes that Russian gas flow to Germany will resume anytime soon. Nord Stream 1 had been idle since the end of August for maintenance work, prompting concerns about supply to Europe if the outage was extended. It has …
Factbox-Europe’s alternatives if Russia shuts off gas supply Read More »
