By Vallari Srivastava (Reuters) -Shares of Critical Metals surged over 62% on Monday after Reuters reported the U.S. government was in talks to buy a stake in the miner, the latest in Washington’s deal-making push to secure the supply of rare earths. A deal, if successful, would give the U.S. government a direct interest in …
Critical Metals shares soar after Reuters report says Washington eyeing stake Read More »
(Corrects source of reported memo to “Boeing” from “Boeing CEO” in paragraph 9) By Tim Hepher PRAGUE (Reuters) -Executives from Boeing and Airbus dampened speculation of imminent decisions to replace their best-selling narrowbody models, telling a major audience of investors that it would take time to achieve the required jump in performance. The Wall Street …
Boeing, Airbus dismiss talk of imminent new jet designs Read More »
By Dawn Chmielewski and Helen Coster LOS ANGELES (Reuters) -Paramount Skydance CEO David Ellison has named Bari Weiss editor-in-chief of CBS News, the news division of U.S. broadcaster CBS, as part of a deal to acquire the online news site she founded, The Free Press. The appointment is seen as Ellison’s bet that Weiss, a …
Bari Weiss named editor-in-chief of CBS News under Free Press-Paramount deal Read More »
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup still plans to pursue an IPO for its Mexican retail unit even after receiving a new offer by mining and transportation conglomerate Grupo Mexico, Citi said in a statement on Monday. The competing bid comes after Citi announced last month it would sell a 25% stake in Banamex to …
Citigroup still prefers IPO plan for Banamex despite new offer by Grupo Mexico Read More »
NEW YORK (Reuters) -Bitcoin hit a new record high on Monday as the world’s largest cryptocurrency by market value continued to benefit from strong investor demand. The rally since the start of the year has been fueled by institutional investors, friendlier policies under U.S. President Donald Trump, and a bitcoin’s increasing connection with global financial …
By Deena Beasley LOS ANGELES (Reuters) -Amgen on Monday launched direct-to-consumer U.S. sales of its cholesterol-lowering medication Repatha at a discounted cash price, becoming the latest pharmaceutical company to respond to U.S. political pressure to lower drug prices. The cash price of $239 a month is nearly 60% below Repatha’s current list price, but is …
Amgen to sell cholesterol drug at 60% discount to cash-paying US patients Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits increased marginally during the last week of September, data from Haver Analytics showed, pointing to a still-low level of layoffs even as hiring has stalled. The labor market has stagnated with businesses not firing employees on a large scale, but …
US unemployment claims rise moderately amid labor market freeze Read More »
By Mike Scarcella WASHINGTON (Reuters) -The U.S. Supreme Court declined on Monday to hear a bid by Europe’s largest software maker SAP to avoid a lawsuit by U.S. data technology company Teradata that accused it of violating American antitrust law. The justices turned away SAP’s appeal of a lower court’s decision that let Teradata pursue …
US Supreme Court rejects software giant SAP’s bid to avoid rival’s antitrust suit Read More »
By Arriana McLymore and Neil J Kanatt (Reuters) -U.S. holiday online sales are expected to grow at a slower pace this year, according to projections by data firm Adobe Analytics released on Monday, as macroeconomic uncertainty continues to pressure consumer spending. Adobe expects U.S. online sales to rise 5.3% to $253.4 billion between November 1 and …
US holiday online sales growth to slow on economic uncertainty, Adobe Analytics projects Read More »
(Reuters) -U.S. regional banks are ramping up mergers, fueled by expectations of a lighter regulatory approach under the Trump administration and the quest for bigger balance sheets that will help compete better against larger lenders amid economic and operational pressures. On Monday, in the biggest U.S. bank deal this year, Fifth Third Bancorp agreed to …
Factbox-US regional bank mergers gain momentum under Trump administration Read More »
