Reuters US Business

By Mike Scarcella, David Thomas WASHINGTON (Reuters) -President Donald Trump expanded his attacks on major U.S. law firms on Tuesday as he signed an executive order targeting Jenner & Block, which represents clients challenging some of his major policies and formerly employed a prosecutor involved in a special counsel investigation of his 2016 campaign. The …

Trump targets Jenner & Block in latest executive order aimed at law firms Read More »

(Reuters) -U.S. grocery chain Kroger countersued Albertsons on Tuesday, escalating a legal battle between the companies following the collapse of their proposed $25 billion merger in December. Albertsons terminated the merger immediately after courts blocked it and sued Kroger, alleging a breach of contract that led to the deal falling apart. The formal termination ended …

Kroger countersues rival Albertsons after demise of $25 billion merger Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund Engine Capital Management is gearing up for a boardroom fight at ride-hailing company Lyft and has nominated director candidates, sources familiar with the matter told Reuters. The activist investor has pushed the company in recent weeks to address its sagging stock price and to overhaul strategy and …

Activist investor Engine Capital nominated 2 director candidates at Lyft, sources say Read More »

By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) -Donald Trump’s World Liberty Financial crypto venture will launch a dollar-pegged stablecoin, it said in a statement on Tuesday, after raising more than half a billion dollars from selling a separate digital token. The stablecoin, called USD1, will be fully backed by U.S. Treasuries, dollars and other …

Trump’s World Liberty Financial crypto venture to launch stablecoin Read More »

By Bhanvi Satija and Christy Santhosh (Reuters) – Illumina said on Tuesday activist investor Keith Meister would join the gene-sequencing maker’s board and former U.S. Food and Drug Administration Commissioner Scott Gottlieb would take over as the company’s chairman later this week. Illumina has been caught in the middle of a tariff war between the …

Activist investor Keith Meister to join Illumina’s board Read More »

By Ana Mano and Roberto Samora SAO PAULO (Reuters) -Brazil-based JBS, the world’s largest meat packer, posted a sharp rise in net profit in the final quarter of 2024, even as the company’s U.S. beef division grapples with high cattle prices. The company said fourth quarter profit came in at 2.412 billion reais ($423.57 million), …

Brazil’s JBS reports rise in quarterly profit Read More »

DUBAI (Reuters) – Dubai’s Emirates NBD bank is teaming up with BlackRock to offer its wealth management clients opportunities to access alternative asset classes, with a focus on private markets, it said in a statement on Tuesday. Both firms have signed a Memorandum of Understanding to establish an investment platform for the United Arab Emirates …

Dubai’s Emirates NBD partners with BlackRock to offer private markets access Read More »

(Reuters) -China’s Chagee revealed its revenue nearly tripled in 2024 as the tea chain filed for a U.S. initial public offering on Tuesday, joining firms betting on a broader recovery in investor appetite for new listings. After a prolonged slowdown, the U.S. IPO market is poised for a rebound in 2025, with a wave of …

Chinese tea chain Chagee reveals revenue surge in US IPO filing Read More »

(Reuters) – Activist investor Elliott Investment Management on Tuesday sued Phillips 66 to protect shareholders rights and force the oil refiner to comply with its own charter. The complaint, filed in the Delaware Chancery Court, seeks to have four directors stand for election at the company’s annual meeting this year. The lawsuit comes less than …

Activist Elliott sues Phillips 66 to protect shareholder rights Read More »