Category: Reuters
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Couche-Tard approaches Seven & i again after $38.5 billion offer rejection By Reuters
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Written by Urvi Dugar Canadian retailer Alimentation Couche-Tard said Sunday it is willing to enter into confidential discussions with Japanese retail giant Seven & I Holdings Inc. about a $38.5 billion takeover offer and remains keen to pursue the purchase. Shares of Seven & I rose 3% in early trading…
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Westpac appoints Anthony Miller as new chief executive officer By Reuters
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(Reuters) – Westpac Banking Corp, Australia’s third-biggest lender, said it had appointed Anthony Miller as its new chief executive and managing director on Monday, effective from December 16, 2024. Miller joined the company in 2020, having served as CEO of Westpac’s Business and Wealth division. He succeeds Peter King, who…
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Norfolk Southern CEO faces probe over alleged workplace relationship, CNBC reports By Reuters
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(Reuters) – Norfolk Southern’s board of directors is reviewing allegations that Chief Executive Alan Shaw engaged in an inappropriate relationship in the workplace, CNBC reported on Sunday, citing three people familiar with the matter. Norfolk Southern The New York Stock Exchange (NYSE:) did not respond to a Reuters request for…
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Bending Spoons to lay off 75% of WeTransfer staff post deal, CEO says By Reuters
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Italian app developer Bending Spoons will lay off 75% of its staff at file-sharing platform WeTransfer, Luca Ferrari, CEO of the company, said in a statement on Sunday. “I will not be more specific at this stage as the period of redundancies has not yet been fully defined,” Ferrari said…
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Six decades of debate quips, rips and slips By Reuters
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(Reuters) – Democratic Vice President Kamala Harris and former Republican President Donald Trump will face off in a presidential debate on Tuesday ahead of the Nov. 5 election, continuing a tradition that has featured some of the most memorable moments in recent U.S. political history: – 1960: The first televised…
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DirecTV files FCC complaint against Disney for anti-competitive practices By Reuters
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(Reuters) – Satellite television service DirecTV Inc has filed a complaint with the U.S. Federal Communications Commission (FCC) accusing it of violating U.S. copyright laws. Disney Apple Inc. (NYSE:) said Sunday it has accused the company of failing to negotiate in good faith and engaging in anticompetitive conduct. In the…
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Boeing reaches labor deal with 25% pay hike, new plane commitment By Reuters
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By Alison Lambert and David Shepardson Boeing Co said Sunday it has reached a tentative agreement with a union representing more than 32,000 workers in the U.S. Pacific Northwest, in a deal that could help avert a potential strike that could begin on Sept. 13. The proposed four-year deal, which…
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France asks EU to let it delay submitting budget deficit plan, La Tribune reports By Reuters
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PARIS (Reuters) – France has asked the European Commission to extend the deadline for submitting a plan to cut the public deficit beyond Sept. 20 to ensure consistency with Paris’s draft 2025 budget, La Tribune du Dimanche newspaper reported on Sunday, citing the finance ministry. France’s budget deficit could rise…
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China says “dissatisfied” with new Dutch export controls on ASML chipmaking tools By Reuters
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BEIJING (Reuters) – China is “not satisfied” with the Dutch government’s decision to expand export controls on chipmaking equipment from ASML, the commerce ministry said in a statement on Sunday. The Dutch government said on Friday it will expand export licensing requirements for ASML’s DUV (deep ultraviolet) 1970i and 1980i…
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Musk’s xAI in talks for share in future Tesla revenue, WSJ reports By Reuters
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(Reuters) – Elon Musk’s artificial intelligence company XAI has held talks about a stake in Tesla’s future revenue in exchange for giving Musk’s electric carmaker access to XAI’s technology and resources, the Wall Street Journal reported on Saturday. Tesla will license xAI’s AI models to help power its full self-driving…
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Three Lebanese medics killed by Israeli strike, Hezbollah retaliates By Reuters
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CAIRO (Reuters) – Three Lebanese paramedics were killed and two others wounded, one of them critically, in an Israeli attack while they were extinguishing fires in the southern Lebanese town of Faroun, the Lebanese Health Ministry said on Saturday. “The Israeli occupation forces targeted a Lebanese civil defense team while…
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Renault CEO says sector could face billions in fines as EV sales slow By Reuters
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PARIS (Reuters) – Europe’s car industry could face fines of up to 15 billion euros ($17.4 billion) over carbon emissions as demand for electric vehicles slows. Renault “The EPA’s chief executive, Luca de Meo, said on Saturday: Carmakers face tougher EU CO2 emissions targets in 2025 with the cap on…
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Stellantis-owned Chrysler to recall about 1.2 million vehicles, US regulators say By Reuters
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Stellantis-owned Chrysler is recalling about 1.2 million vehicles in the United States because of a software defect in the anti-lock braking system that could increase the risk of a crash, the National Highway Traffic Safety Administration said Saturday. The regulator said the 1,227,808 vehicles being recalled by Stellantis Inc. (NYSE:STELLANTIS)…
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China stops short of Africa debt relief as pledges more cash By Reuters
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By Duncan Merry and Laurie Chen NAIROBI/BEIJING (Reuters) – China declined to provide debt relief sought by several African countries this week, but pledged 360 billion yuan ($50.7 billion) over three years in credit lines and investments. Launched in 2000, the Forum on China-Africa Cooperation (FOCAC) has taken on an…
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Explainer-What is helium and why is it used in rockets? By Reuters
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Written by Nivedita Bhattacharjee BENGALURU (Reuters) – Two NASA astronauts aboard Boeing Co’s Starliner will remain on the International Space Station for months due to a propulsion system glitch that has included a helium leak, while on Earth, SpaceX’s Polaris Dawn mission has been delayed due to helium problems in…
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US to propose Basel rule revisions this month, Bloomberg reports By Reuters
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(Reuters) – The U.S. Federal Reserve and other regulators are set to unveil sweeping changes to a set of proposed bank capital rules on Sept. 19, Bloomberg News reported on Friday, citing people familiar with the matter. The report added that the amendments could reach 450 pages and would include…
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US regulator approves BlackRock’s $12.5 billion deal for Global Infrastructure Partners By Reuters
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(Reuters) – The U.S. Federal Energy Regulatory Commission on Friday approved BlackRock Inc.’s $12.5 billion deal to buy Global Infrastructure Partners. Under the deal announced earlier this year, BlackRock said it would pay $3 billion in cash and about 12 million BlackRock shares to acquire the asset management giant. BlackRock…
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Google search monopoly US case remedies to come by December By Reuters
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Written by Judy Godoy The U.S. Justice Department plans to issue a blueprint by December on what Alphabet Inc’s Google must do to restore competition after a judge earlier found the company had an illegal monopoly on the online search market, prosecutors said at a court hearing in Washington on…
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Pennsylvania, Arizona and Texas benefit from US funding for Ukraine arms, Pentagon says By Reuters
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By Mike Stone WASHINGTON (Reuters) – Pennsylvania, Arizona and Texas are among the U.S. states that have received the most funding and investment to arm Ukraine in its war with Russia, a Pentagon spending breakdown released on Friday showed. Pennsylvania, a swing state in the Nov. 5 presidential election, received…
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Wall Street stocks fall; jobs data feeds uncertainty about rate cuts By Reuters
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By Chibuike Ojoh NEW YORK (Reuters) – U.S. stocks fell on Friday, pressured by a jobs report that showed the labor market remained sluggish but left traders uncertain about how far the Federal Reserve will go in cutting interest rates. All three major indices fell, with all 11 sectors of…