(Reuters) – Insurer American International Group Inc on Monday reported a 26% fall in quarterly profit on lower investment income and blamed market volatility for a delay in the initial public offering of its life and retirement unit. The move underscores how the wild market gyrations sparked by runaway inflation, rising interest rates and the …
AIG posts lower profit, blames volatility for unit IPO delay Read More »
By Christopher Bing and Daphne Psaledakis WASHINGTON (Reuters) -The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A senior Treasury Department official said Tornado Cash, one of the largest mixers identified as problematic by the …
U.S. imposes sanctions on virtual currency mixer Tornado Cash Read More »
(Reuters) -Latest U.S. inflation numbers are in markets’ sight, especially since Federal Reserve policymakers have come out in force to correct any misconception about their determination to slay decades-high inflation with big rate hikes. The fallout from Nancy Pelosi’s high-profile visit to Taiwan will be watched closely, as will Chinese and UK data while Ukraine …
(Reuters) -United Parcel Service Inc said on Monday it would buy Italy-based healthcare-logistics firm Bomi Group to bolster its presence in the temperature-critical medicine deliveries sector. Atlanta-based UPS did not disclose financial details of the transaction, but the Wall Street Journal, which first reported the news on Sunday, said it was for several hundred million …
UPS to buy Italy’s Bomi Group as it eyes cold-chain expansion Read More »
PARIS (Reuters) -French utility company Veolia confirmed it would sell Suez’s UK waste business to Australia’s Macquarie Group Ltd for around 2.4 billion euros ($2.4 billion), in a deal aimed at resolving antitrust concerns. “Following this transaction, Veolia will remain a major player in the waste sector in the United Kingdom and, more broadly, in …
French utility Veolia agrees to sell Suez UK assets to Macquarie for 2.4 billion euros Read More »
WASHINGTON (Reuters) – A group representing General Motors, Toyota Motor, Volkswagen and other major automakers said a $430 billion bill approved Sunday by the U.S. Senate will put achieving U.S. electric-vehicle adoption targets for 2030 in jeopardy. The Alliance for Automotive Innovation had warned late Friday that most EV models would be ineligible for a …
Automakers say U.S. Senate bill will ‘jeopardize’ 2030 EV targets Read More »
(Reuters) -CVS Health Corp is seeking to buy Signify Health Inc as it looks to expand in-home health services, the Wall Street Journal reported on Sunday, citing sources. Signify Health is working with bankers to explore strategic alternatives, including a sale, the Journal reported last week. Initial bids are due this coming week, and CVS …
By Saqib Iqbal Ahmed NEW YORK (Reuters) -A rally in U.S. stocks that has powered on despite skepticism from Wall St faces a reality check in the coming week, as key inflation data threatens to shut the door on expectations of a dovish shift from the Federal Reserve. The S&P 500 has walked a tightrope …
Wall St Week Ahead: Inflation data may seal fate of unloved U.S. stock rally Read More »
BERLIN (Reuters) – The worst is over for German airline Lufthansa after staff shortages caused flight chaos over the summer, but levels of sick leave remain challenging, board member Christina Foerster told newspapers in the Funke Media group. Airlines across Europe have struggled to cope with a strong rebound in holiday season demand after the …
Worst flight chaos over, Lufthansa board member tells Funke media Read More »
By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million. In its quarterly report, Berkshire said the energy unit bought out Abel …
Berkshire CEO-designate Abel sells stake in energy company he led for $870 million Read More »
