By Jonathan Stempel NEW YORK (Reuters) – The law firm that defended Martin Shkreli against antitrust charges said it has not been paid, and on Tuesday asked a U.S. judge for permission to withdraw from representing the former pharmaceutical executive best known for hiking the price of a lifesaving medication more than 40-fold. Duane Morris …
Martin Shkreli’s law firm has not been paid, seeks to withdraw Read More »
(Reuters) -Walmart Inc has appointed PayPal Holdings Inc’s finance head, John Rainey, as chief financial officer (CFO), the world’s largest retailer said on Tuesday. Rainey will take over as CFO effective June 6, replacing Brett Biggs, Walmart’s finance chief since 2015, who announced his exit late last year. Rainey, who announced his departure from PayPal …
Walmart taps PayPal’s finance chief John Rainey as CFO Read More »
(Reuters) – U.S. President Joe Biden on Tuesday made a new push for new tax credits for sustainable aviation fuel, a key part of reducing carbon emissions from air travel. Biden last year called for tax incentives for low carbon jet fuel, made from waste and vegetable oils as part of a spending package that …
Biden renews push for sustainable aviation fuel tax credit Read More »
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank directors will meet on Wednesday to discuss a possible interest rate hike, a source with the bank told Reuters on Tuesday, as the South American country battles annual inflation expected to have topped 6% in March. A central bank spokesman confirmed Wednesday’s meeting, a day …
Argentina central bank to analyze rate hike on Wednesday -source Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street turned rally to sell-off on Tuesday, reversing earlier gains as impending monetary tightening from the Federal Reserve once again pulled growth stocks back into red territory. All three major U.S. stock indexes turned from positive to negative early in the afternoon, weighed down by healthcare and …
Wall St reverses gains, closes lower as aggressive Fed actions loom Read More »
By Pete Schroeder and Chris Prentice WASHINGTON (Reuters) -A U.S. consumer watchdog on Tuesday sued TransUnion and one of its former executives, accusing the credit reporting agency of tricking consumers into making recurring payments after the company was fined in 2017 for similar activity. The lawsuit, filed by the Consumer Financial Protection Bureau in federal …
U.S. consumer agency sues TransUnion, ex-executive for deceptive marketing Read More »
By Mimosa Spencer PARIS (Reuters) -Robust demand for Louis Vuitton and Dior products boosted first-quarter sales at the world’s largest luxury goods conglomerate LVMH, kicking off earnings season for the industry with a show of resilience despite geopolitical tensions, COVID-19 lockdowns in China and volatile stock markets. High-end fashion brands drove a 30% rise in …
Dior, Louis Vuitton power first-quarter sales at LVMH Read More »
(Reuters) – Yelp, Inc said on Tuesday it will cover expenses for its employees and their dependents who need to travel to another state for abortion services starting next month, making it the latest U.S. company to offer similar benefits to its workers. The crowd-sourced review platform for restaurants and other businesses will provide travel …
Yelp to offer U.S. workers abortion travel benefit Read More »
By Saikat Chatterjee LONDON (Reuters) -Optimism among fund managers over global economic growth has hit an all-time low while concerns of possible stagflation have risen to the highest since August 2008, a monthly survey by investment bank BoFA Securities showed on Tuesday. The survey, which took the views of firms managing a total of more …
Global growth optimism at all-time low, fund manager survey finds Read More »
(Reuters) -Russia’s economy is on track to contract by more than 10% in 2022, the biggest fall in gross domestic product since the years following the 1991 fall of the Soviet Union, former finance minister Alexei Kudrin said on Tuesday. Russia is facing soaring inflation and capital flight while grappling with a possible debt default …
Russia’s economy set for biggest contraction since 1994, Kudrin says Read More »
