Reuters US Business

By David Shepardson WASHINGTON (Reuters) – U.S. airlines are pressing the Biden administration to lift a 16-month-old rule requiring nearly all international air passengers with some exceptions to test negative for COVID-19 before entering the country. Airline executives say many Americans are not traveling internationally because of concerns they will test positive in a foreign …

Airlines press U.S. to lift pre-departure testing requirements Read More »

By Jonathan Stempel NEW YORK (Reuters) – Goldman Sachs Group Inc officers and directors reached a $79.5 million settlement to resolve shareholder claims that their poor oversight contributed to the bank being enmeshed in the looting scandal at Malaysia’s 1MDB sovereign wealth fund. A preliminary settlement of the so-called shareholder derivative lawsuit was filed on …

Goldman Sachs officials reach $79.5 million shareholder settlement over 1MDB scandal Read More »

By Jessica DiNapoli NEW YORK (Reuters) -Perrigo Company PLC, which makes store-brand baby formulas for retailers, including Walmart Inc and Amazon.com Inc, expects shortages and heightened demand to last for the “balance of the year,” Chief Executive Murray Kessler told Reuters in an interview. The Biden administration this week has come under increasing pressure to …

Exclusive-Maker of Walmart, Amazon store-brand baby formulas sees shortages through rest of 2022 Read More »

By Jonathan Stempel NEW YORK (Reuters) -The U.S. Securities and Exchange Commission on Friday sued a Florida firm it said raised at least $410 million by fraudulently promising investors access to private companies that had potential to conduct initial public offerings. In a civil complaint filed in Manhattan federal court, the SEC also sought asset …

SEC sues Florida firm that raised $410 million for IPO-linked fraud -filings Read More »

(Reuters) – A federal judge on Friday ordered food consumer companies Kraft Heinz and Mondelez International pay a $16 million fine as part of a settlement with the U.S. Commodity Futures Trading Commission, the agency said. The CFTC said in 2015 it had filed a complaint against the companies alleging manipulation and attempted manipulation of …

Judge OKs $16 million fine against Kraft, Mondelez to settle CFTC complaint, agency says Read More »

(Reuters) – Twitter Chief Executive Parag Agrawal said on Friday that he had announced leadership changes and a hiring freeze in order to “build a stronger Twitter,” even as the company is being acquired by billionaire Elon Musk. “Some have been asking why a ‘lame-duck’ CEO would make these changes if we’re getting acquired anyway,” …

Twitter executive changes aimed at building ‘a stronger Twitter’, CEO says Read More »

(Reuters) – The Russian rouble firmed past 63 per dollar in Moscow on Friday for the first time since early February 2020 and touched a fresh five-year high versus the euro, supported by continuing restrictions on currency trading. The rouble has become the world’s best-performing currency this year thanks to artificial support from capital controls …

Rouble firms past 63 vs dollar in Moscow, hits fresh 5-year high vs euro Read More »

By Makiko Yamazaki and Sam Nussey TOKYO (Reuters) -Japan’s Toshiba Corp said on Friday it has received interest from 10 potential investors after it solicited buyout offers. It also announced a special dividend of 160 yen per share, worth some $545 million, in an apparent effort to placate activist shareholders it has long been at …

Toshiba receives interest from 10 potential investors Read More »

A look at the day ahead in markets from Dhara Ranasinghe. After a wild ride, markets are in a calmer mood for now. Yet, it is Friday 13 and those prone to superstition would be forgiven for being extra cautious on a day renowned for being unlucky. Given turbulence across asset classes this week, it’s …

Marketmind: TGIF – is it over yet? Read More »