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(Reuters) – American International Group Inc said on Tuesday it was looking to raise up to $1.92 billion through the initial public offering of its unit Corebridge Financial Inc. AIG and its selling shareholders are offering 80 million shares of common stock of Corebridge in the listing. The move sets the stage for what is …

AIG aims to raise up to $1.92 billion in U.S. IPO of unit Corebridge Read More »

By Daniel Wiessner (Reuters) -A U.S. labor board on Tuesday moved to make it easier for workers and unions to hold companies liable for labor law violations by their franchisees and contractors, proposing to revive an Obama-era standard heavily criticized by trade groups. The proposed rule from the National Labor Relations Board would treat companies …

U.S. labor board to expand companies’ ‘joint employer’ liability Read More »

(Reuters) – For the biggest Wall Street banks, the pandemic is largely in the rear view mirror as they step up efforts to bring employees back to office full-time while also easing or lifting COVID-19 protocols. The finance industry, spearheaded by major banks, has sought to wind down remote work even though these plans were …

Factbox-Banks ready to leave pandemic behind as staff return to desks Read More »

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever As evidenced by another decline on Wall Street, the dollar climbing to a fresh 20-year high, and a sharp sell-off in UK government debt, the squeeze on global markets and investor confidence around the world shows little sign of easing. This …

Bears in a China shop Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said Tuesday it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production. Congress in August approved $52.7 billion for semiconductor manufacturing and research and a 25% investment tax credit for chip …

U.S. Commerce aims to seek chips funding proposals by February Read More »

By Lananh Nguyen (Reuters) – Bank of America Corp will outline flexible working standards over the next six to eight weeks that will adapt to changing conditions, Chief Executive Brian Moynihan said during a New York industry conference on Tuesday. His comments come as financial companies globally are offering more incentives, including free meals, as …

Bank of America will release more guidance on work from home in coming weeks -CEO Read More »

MOSCOW (Reuters) – New car sales in Russia in August fell 62.4% from a year earlier, after a drop of 74.9% in July, the Association of European Businesses (AEB) said on Tuesday. (Reporting by Reuters, Editing by Louise Heavens)

By Essi Lehto and Michael Shields HELSINKI/ZURICH (Reuters) – Finland and Switzerland provided billions in financial support to power companies on Tuesday, as Europe scrambles to secure energy supplies in a deepening crisis sparked by Russia’s move to shut a major gas pipeline. Finnish utility Fortum said it had signed a bridge financing arrangement with …

Europe tries to shore up power firms with billions more Read More »

(Reuters) – The United States Department of Commerce aims to begin soliciting applications for semiconductor chips funding from companies no later than February, Commerce Secretary Gina Raimondo said in an interview with the New York Times on Tuesday. President Joe Biden last month signed an executive order on implementation of the $52.7 billion semiconductor chips …

Biden administration to seek chip funding applications next year – NYT Read More »