WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Thursday reversed bans on the CEOs of takeover targets joining the boards of Chevron and Exxon Mobil that the Biden administration made a condition of clearing the oil giants’ deals to buy two oil producers. The FTC released Exxon, which acquired Pioneer Natural Resources last year, from …
FTC reverses bans on two executives joining Chevron, Exxon boards Read More »
MEXICO CITY (Reuters) -Walmart’s Mexico and Central America unit, known as Walmex, saw some $3.7 billion wiped from its market value on Thursday after the retailer posted weaker-than-expected margins for its second quarter, although revenues grew. The stock tumbled 7.4% on Thursday, its steepest daily decline since 2020, decreasing Walmex’s market capitalization by 68.6 billion …
Walmart Mexico’s market value sheds $3.7 billion after Q2 profit dip Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Foreign holdings of U.S. Treasuries increased in May to top $9 trillion for a third straight month, data from the Treasury Department showed on Thursday, with buyers, other than China, flocking back in after tariff turmoil led to outflows in April. Holdings of U.S. Treasuries rose to $9.045 trillion, …
Foreign holdings of US Treasuries rise in May despite China drop Read More »
(Reuters) -Heartflow’s quarterly loss widened over the year-ago period, the healthcare company disclosed in its paperwork for a U.S. initial public offering on Thursday, at a time when it looks to tap into renewed investor appetite for new listings. The U.S. IPO market is recovering from months of sluggish activity triggered by trade policy uncertainty …
Healthcare firm Heartflow’s IPO filing discloses wider loss Read More »
By David French (Reuters) -The S&P 500 stock index and the Nasdaq Composite both finished at record highs on Thursday, as investors embraced strong economic data and earnings reports that showed American consumers remained willing to spend. The Nasdaq has ended at a record high in six of the previous seven sessions, and the S&P …
S&P 500, Nasdaq end at fresh record highs as data, earnings point to consumer strength Read More »
By Ana Mano SAO PAULO (Reuters) -U.S.-based grain merchant Archer Daniels Midland is closing a pet food plant in Brazil, according to a statement sent this week to Reuters in response to questions, as part of broader efforts to streamline costs and operations. ADM said workers at the facility, which will operate for another 90 …
By Emma Rumney and Anuja Bharat Mistry (Reuters) -The U.S. Food and Drug Administration has authorized the sale of Juul Labs’ e-cigarette device and refill cartridges in tobacco and menthol flavors, after years of struggle with heightened regulatory scrutiny, the agency and company said on Thursday. Juul, which was once a major player in the …
FDA approves Juul’s tobacco and menthol e-cigarettes Read More »
By Tatiana Bautzer and Niket Nishant (Reuters) -Citigroup has hired David Friedland as co-head of North America investment banking coverage, its head of banking Vis Raghavan announced in an internal memo seen by Reuters on Thursday. Friedland will join the bank after a nearly 28-year stint at Goldman Sachs, where he earned the coveted titled …
Citi hires Goldman veteran Friedland to boost investment banking team Read More »
By Mrinalika Roy and Michael Erman (Reuters) -Bristol Myers and Pfizer said on Thursday they will start selling their blockbuster blood thinner, Eliquis, directly to cash-paying U.S. patients at a discount to its listed price as drugmakers are under pressure from the Trump administration to lower prices. The initiative is targeted at the small percentage …
Bristol Myers, Pfizer to sell blood thinner Eliquis directly to US patients Read More »
By Ateev Bhandari and Arasu Kannagi Basil (Reuters) -Crypto firm Bitcoin Standard Treasury Company said on Thursday it is aiming to list on the Nasdaq, with over 30,000 bitcoin on its balance sheet, through a merger with a Cantor Fitzgerald-backed blank check vehicle. The company will merge with Cantor Equity Partners I, a special purpose …
Crypto firm Bitcoin Standard to go public in deal with Cantor-backed SPAC Read More »
