Reuters US Business

CIBC expands U.S. energy investment banking team, raises staff pay

9 Jun 2022

By Nichola Saminather TORONTO (Reuters) -Canadian Imperial Bank of Commerce on Thursday said it will expand its U.S. energy investment banking team and announced an increase in wages from July for the majority of its merit-eligible employees, according to separate internal memos seen by Reuters. Canada’s fifth-biggest bank is growing its 100-strong core global energy, …

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Apollo in talks to provide up to $2 billion in financing for Kohl’s sale – source

9 Jun 2022

By Chibuike Oguh (Reuters) – Apollo Global Management Inc is in talks to provide up to $2 billion in debt financing for the potential acquisition of department store chain Kohl’s Corp by retail store operator Franchise Group , a person familiar with the matter said. The discussions between Apollo and Franchise are still at an …

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Greenlight’s Einhorn sees gold going ‘higher, perhaps much higher’

9 Jun 2022

By Carolina Mandl NEW YORK (Reuters) – Greenlight Capital hedge fund manager David Einhorn said on Thursday that the Federal Reserve is pretending it can tame inflation and that the price of gold is likely to go higher amid the current environment of rising prices. “The question is whether there’s enough gold to back the …

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U.S. to propose standards for government funded EV charging projects

9 Jun 2022

By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department (USDOT) is on Thursday proposing minimum standards and requirements for electric vehicle (EV) charging projects funded under a $5 billion government program. “Everyone should be able to count on fast charging, fair pricing and easy-to-use payment,” Transportation Secretary Pete Buttigieg said. Deploying a nationwide network …

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U.S. Senate likely to pass bill to bar tech firms’ favoring themselves in searches

8 Jun 2022

By Diane Bartz WASHINGTON (Reuters) – U.S. Senator Amy Klobuchar and lawmakers from both parties said on Wednesday they had the Senate votes needed to pass legislation aimed at reining in the four tech giants, Meta’s Facebook, Apple, Alphabet’s Google and Amazon.com, and urged a vote be taken. Versions of the bill before the House …

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Australia accuses Airbnb of misleading customers on price

8 Jun 2022

(Reuters) -Australia’s antitrust regulator has filed a lawsuit against Airbnb Inc, accusing the accommodation-sharing website of misleading users into paying more than advertised for their stays, widening its scrutiny of global technology platforms. From 2018 to 2021, the San Francisco-based internet giant advertised and charged room rates in U.S. dollars without indicating the much higher …

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