By Chuck Mikolajczak NEW YORK (Reuters) – U.S stocks closed out the trading week on a down note on Friday, as early gains from a jobs report that showed a labor market that may be starting to loosen gave way to worries about the European gas crisis. Wall Street opened sharply higher after the August …
Wall St ends week on down note as jobs report gain fade Read More »
(Reuters) -Aurora Innovation Inc Chief Executive Chris Urmson recently outlined several options for the self-driving tech firm to combat challenging market conditions, including a possible sale to Apple Inc or Microsoft Corp, Bloomberg News reported on Friday. Many electric-vehicle and self-driving startups that had raised cash easily through IPOs and mergers with blank-check firms during …
Self-driving tech firm Aurora mulls sale to Apple or Microsoft – Bloomberg News Read More »
By Svea Herbst-Bayliss (Reuters) -Private equity firm Oak Street Real Estate Capital LLC has made an offer to acquire as much as $2 billion of property from Kohl’s Corp and have the U.S. retailer lease back its stores, according to people familiar with the matter. Oak Street’s interest offers Kohl’s another chance to cut a …
Exclusive-Oak Street in $2 billion bid for Kohl’s real estate-sources Read More »
(Reuters) -Parler, a social media app popular with U.S. conservatives, is returning to Google’s app store more than 1-1/2 years after the Alphabet Inc-owned company removed it following the U.S. Capitol riots in January 2021. The app was launched in 2018 and styled itself as a free-speech space for those seeking an alternative to platforms …
Social media app Parler returns to Google’s Play Store Read More »
By David Shepardson WASHINGTON (Reuters) – The Federal Trade Commission said on Friday it will appeal a decision earlier this week by the agency’s chief administrative judge in favor of Illumina Inc’s $7.1 billion acquisition of cancer detection test maker Grail Inc. Judge D. Michael Chappell ruled the acquisition will not hurt competition, in a …
U.S. FTC to appeal judge’s decision on Illumina-Grail deal Read More »
TORONTO (Reuters) – Home prices in the Greater Toronto Area (GTA) increased, though marginally, for the first time in six months in August alongside higher month-on-month sales, data from the Toronto Regional Real Estate Board (TRREB) showed on Friday. The average price of a home in the area rose to C$1.08 million ($820,981) in August, …
Toronto home prices rise marginally for first time since February peak Read More »
(Reuters) -Brazilian Economy Minister Paulo Guedes said on Thursday the government could sign a calamity decree if the Ukraine war continued, which would make room for a higher welfare program in 2023. The maintenance of 600 reais ($114.88) monthly payments under the Auxílio Brasil program is one of the main promises of President Jair Bolsonaro …
Brazil’s Guedes says calamity decree could support welfare program in 2023 Read More »
By Brendan Pierson (Reuters) – Two U.S. military veterans on Thursday sued 3M Co to block its planned spinoff of its healthcare business, which they called an illegal attempt to avoid compensating veterans for hearing damage caused by the company’s military-issue earplugs. The veterans said in a lawsuit in federal court in Pensacola, Florida, that …
Veterans seeking earplug damages sue to block 3M healthcare spinoff Read More »
By Ernest Scheyder and Valerie Volcovici (Reuters) – U.S. mining companies, automakers and a bipartisan group of congressional members are recommending that the federal government cut the time needed to permit a new mine in order to boost domestic production of electric vehicle minerals. The requests, submitted this week to a committee that will propose …
Push to shorten U.S. mine permit review process gains steam Read More »
(Reuters) -Lululemon Athletica Inc on Thursday raised its annual profit and revenue forecasts as demand from affluent customers for its new belt bags, golf and tennis clothing cushions the blow from a cut in spending by lower-income households. Shares in Lululemon, which also posted upbeat second-quarter results, rose nearly 8% in extended trading. Higher-income households …
Lululemon lifts annual forecasts as affluent shoppers snap up new launches Read More »
