HOUSTON (Reuters) -A four-day court hearing in Delaware to complete an auction of shares in the parent of Venezuela-owned Citgo Petroleum resumed on Thursday after a brief suspension to allow lawyers to review a decision in a separate New York case confirming the validity of defaulted Venezuelan bonds collateralized with Citgo equity. The hearing is expected …
Court hearing in Delaware for Citgo parent auction resumes Read More »
By Ann Saphir (Reuters) – If President Donald Trump hoped that putting a close ally at the Federal Reserve would grab headlines, White House economic adviser Stephen Miran’s dissent and way-below consensus interest rate projection on Wednesday delivered. If the hope was to have someone on the inside to get the Fed to lower interest …
Miran’s Fed dissent makes a splash, fails to sway the outcome Read More »
SAO PAULO (Reuters) – Brazilian cosmetics maker Natura said on Thursday it has agreed to sell its Avon International unit to holding firm Regent, ending a long period of uncertainty after announcing last year it was weighing alternatives for the business arm. The sale of the unit, which aggregates Avon’s businesses outside Natura’s key Latin …
Natura shares surge after deal to sell Avon businesses outside Latin America Read More »
By Jody Godoy WASHINGTON (Reuters) – Amazon violated consumer protection law by gathering Prime subscribers’ billing information before disclosing the service’s terms, a judge ruled on Wednesday, handing the U.S. Federal Trade Commission a partial win. The ruling by U.S. District Judge John Chun in the case accusing Amazon of deceptive practices to generate Prime …
Amazon violated online shopper protection law, judge rules ahead of Prime signup trial Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week’s jump, but the labor market has softened as both the demand for and supply of workers have diminished. Though the report from the Labor Department on Thursday confirmed layoffs remained relatively low, …
US weekly jobless claims reverse prior surge, labor market still softening Read More »
By Echo Wang NEW YORK (Reuters) – Cybersecurity firm Netskope raised $908.2 million in an initial public offering in the United States, the cloud-based cybersecurity company said on Wednesday. The Santa Clara, California-based company sold about 47.8 million shares at $19 apiece, at the higher end of its target range, which it had previously raised …
Cybersecurity firm Netskope raises $908.2 million in US IPO Read More »
By Juveria Tabassum (Reuters) – Cracker Barrel shares fell about 3% on Thursday, after social media backlash around the restaurant chain’s short-lived decision to change its decades-old logo hit customer traffic and prompted it to scrap store remodel plans. The company was forced to return to its “Old Timer” logo after facing criticism from conservatives, …
Cracker Barrel shares drop as logo change blowback dents restaurant traffic Read More »
(Reuters) -Alphabet’s Waymo will offer its autonomous rides on Via Transportation’s public transit platform, starting with Chandler city in Arizona, the companies said on Thursday. The service will be introduced this fall in the city’s on-demand small-scale public transportation service, Chandler Flex, which is powered by Via’s software. The transit technology maker’s suite of software …
Waymo and Via to offer robotaxis for public transit, starting with Arizona Read More »
By Neil J Kanatt (Reuters) -U.S. holiday sales growth is expected to temper this year, a Mastercard forecast showed on Thursday, as consumers seek discounts and promotions amid inflation and broader macroeconomic uncertainty. The Mastercard Economics Institute report forecasts retail sales to rise 3.6% between November 1 and December 24 this year, compared to a …
US holiday shopping growth to cool this year, Mastercard forecasts Read More »
By Abigail Summerville (Reuters) -Purell hand sanitizer maker GOJO Industries is exploring options including a full sale or offloading a minority stake, with any deal likely to value the privately-held company at close to $2 billion, according to people familiar with the matter. GOJO is holding conversations with private equity firms and working with investment …
Purell maker GOJO Industries explores options including a sale, sources say Read More »
