SAO PAULO (Reuters) – Brazilian fintech Meliuz said on Monday it will propose expanding its bitcoin reserves strategy, aiming to make the cryptocurrency the main strategic asset in the firm’s treasury. In a securities filing, Meliuz said it will call a shareholder meeting for May 6 to vote on including bitcoin investments as one of …
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By Jonathan Stempel (Reuters) – A federal judge ordered Bank of America to pay $540.3 million in a long-running Federal Deposit Insurance Corporation lawsuit accusing the second-largest U.S. bank of underpaying what it owed for deposit insurance. In a decision made public on Monday, U.S. District Judge Loren AliKhan in Washington, D.C., said the payment …
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By Svea Herbst-Bayliss NEW YORK (Reuters) – T. Rowe Price Investment Management, one of Autodesk’s biggest investors, plans to vote for activist investor Starboard Value’s director nominees in a boardroom challenge at the software-design company, a person familiar with the matter told Reuters. T. Rowe Price Investment Management owned 1.08% of Autodesk’s stock at the …
WASHINGTON (Reuters) – The Federal Aviation Administration said it is investigating after a Delta airline crew reported an engine issue on a Boeing 737-900 flight on Monday. It said the plane returned safely to Tucson International Airport. (Reporting by Jasper Ward)
(Reuters) – Rental car firm Hertz Global said on Monday some of its users’ data was stolen in a breach involving one of its vendors. Hertz said the incident may have resulted in personal data being impacted. The company said Cleo Communications, a vendor that provides file transfer services, experienced an incident where hackers exploited …
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended higher on Monday, with Apple giving the S&P 500 its biggest boost as the White House exempted smartphones and computers from new tariffs. Uncertainty over future tariffs kept a lid on optimism, with the main indexes finishing off their highs of the day. Investors remain worried about …
Wall Street ends higher with Apple shares as investors assess tariff exemptions Read More »
(Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker did not comment on the economy and monetary policy in a speech text on Monday. The official instead used prepared comments to a student group to explain the Fed’s structure and how it makes policy decisions. (Reporting by Michael S. Derby; Editing by Chris Reese)
By Ana Mano and Luciana Magalhaes SAO PAULO (Reuters) – JBS SA, the world’s largest meat-packer, appears to have moved a step closer to obtaining the necessary approvals for a primary listing of shares on the New York Stock Exchange, according to a regulatory document filed with the U.S. market regulator. The U.S. listing, which …
JBS sets tentative dates for US listing vote, share trading in NY Read More »
(Reuters) -The U.S. Commerce Department on Monday said most tomatoes imported from Mexico to the United States will face duties of 20.91% from July 14 as it withdraws from an agreement it said had failed to protect domestic tomato growers. “This action will allow U.S. tomato growers to compete fairly in the marketplace,” the department …
US says most tomatoes imported from Mexico to face 21% duty from July 14 Read More »
(Reuters) -U.S. chipmaker Onsemi scrapped its $6.9 billion offer for smaller rival Allegro MicroSystems on Monday, ending a months-long pursuit that sought to capitalize on a market downturn to boost its footprint in the automotive industry. Allegro had said in March that a sweetened $35.10 per share offer from Onsemi was “inadequate”, just a few …
Onsemi shelves $6.9 billion offer to buy Allegro MicroSystems Read More »
