Category: Reuters
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Israeli strikes kill 29 people in Gaza, medics say, as tanks push deeper in the north By Reuters
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Written by Nidal Al-Maghribi CAIRO (Reuters) – Israeli military strikes on the Gaza Strip on Saturday killed at least 29 Palestinians and forces continued their incursion into the Jabalia area, where international relief agencies say thousands of people are trapped, medics said. Residents said that Israeli forces continued to bomb…
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Exclusive-Maldives picks Centerview as debt adviser amid financing crunch By Reuters
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Written by Karen Strohecker LONDON (Reuters) – The Maldives has chosen U.S.-based Centerview Partners as its debt adviser as the country struggles to avert a financial crisis, two sources familiar with the situation said. Fears have grown in recent months that the island nation could become the first country to…
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Google wants US judge’s app store ruling put on hold By Reuters
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By Mike Scarsella (Reuters) – Google Inc has asked a federal judge in California to halt a sweeping court order requiring it to open its Play app store to greater competition. In a lawsuit Friday night, Google said the injunction from U.S. District Judge James Donato, which takes effect on…
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Pemex’s Deer Park oil refinery scales back operations after fatal accident By Reuters
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MEXICO CITY/HOUSTON (Reuters) – Mexico’s national oil company said in a statement late on Friday that Pemex’s Deer Park oil refinery near Houston would operate over the weekend at a reduced level after a deadly chemical leak two days earlier. The state-owned oil company said it was continuing to investigate…
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Hundreds of Hilton hotel workers walk off the job in Seattle By Reuters
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(Reuters) – More than 100 workers at the Hilton Hotel in Seattle have quit their jobs to demand higher wages, fair hiring and workloads and a reversal of coronavirus-era cutbacks, the United Here union said on Saturday. “The week-long strikes by 374 workers at the DoubleTree by Hilton Seattle Airport…
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Verdi union against Commerzbank cross-border merger regardless of bidder nationality By Reuters
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ROME (Reuters) – German trade union Verdi will oppose Commerzbank’s cross-border merger even if the bidder is not an Italian bank like UniCredit, an official said on Saturday. Berlin was surprised by UniCredit’s decision to build a significant stake in state-backed Commerzbank, a move the Italian bank says could lead…
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Factbox-China unveils fiscal stimulus measures to revive growth By Reuters
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BEIJING (Reuters) – China’s Finance Ministry on Saturday unveiled a fiscal stimulus package aimed at reviving the faltering economy and achieving the growth target set by the government, but did not reveal the size of the new measures. The ministry said in a press conference that it would “significantly” increase…
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Bain makes binding offer for Fuji Soft, 7% higher than rival KKR By Reuters
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TOKYO (Reuters) – U.S. buyout fund Bain Capital has made a binding offer to buy FujiSoft for 9,450 yen per share in a deal that values the Japanese software developer at $4 billion and outperforms rival KKR by about 7 percent. Bain said in a statement on Friday that it…
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Boeing to cut 17,000 jobs, delay first 777X jet as strike hits finances By Reuters
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Written by Alison Lambert and David Shepardson (Reuters) – Boeing Co plans to cut 17,000 jobs – 10% of its global workforce – delaying the first deliveries of its 777 – Long strike. CEO Kelly Ortberg said in a letter to employees that the significant downgrade was necessary “to adjust…
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US court puts on hold permits for Kinder Morgan unit to build Tennessee pipeline By Reuters
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(Reuters) – A US appeals court on Friday suspended the approvals and permits needed to allow a residential project to be built Morgan’s children (NYSE:) subsidiary to build a 32-mile gas pipeline in Tennessee, at the request of environmental groups. The proposed Cumberland project, which would be built by Kinder…
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Trump ratchets up rhetoric, calls for death penalty for migrants who kill Americans By Reuters
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Written by Ted Hesson, Nathan Frandino, and Christina Cook AURORA, Colorado (Reuters) – Donald Trump portrayed immigrants as dangerous criminals during a rally in Aurora, Colorado, on Friday and called for the death penalty for immigrants who kill American citizens, as he steps up the anti-immigration rhetoric that has fueled…
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Trump ratchets up rhetoric, calls for death penalty for migrants who kill Americans By Reuters
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Written by Ted Hesson, Nathan Frandino, and Christina Cook AURORA, Colorado (Reuters) – Donald Trump portrayed immigrants as dangerous criminals during a rally in Aurora, Colorado, on Friday and called for the death penalty for immigrants who kill American citizens, as he steps up the anti-immigration rhetoric that has fueled…
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Tesla’s robotaxi event was long on Musk promises. Investors wanted more details By Reuters
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Written by Chris Kirkham LOS ANGELES (Reuters) – For an entrepreneur who always struggles with broken promises, Elon Musk gave himself a to-do list Thursday night at the much-anticipated Tesla (NASDAQ:) show in Hollywood that unveils a driverless robotaxi. Many of his announcements during a 20-minute presentation lacked practical details,…
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Exclusive-CVS to exit core infusions services business, job cuts possible By Reuters
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Written by Amina Niasse NEW YORK (Reuters) – CVS Health is exiting its core infusion services business and plans to either close or sell 29 related regional pharmacies in the coming months, a company spokesman confirmed to Reuters on Friday. Details of the strategic shift were announced in a CVS…
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Futures fall as investors brace for earnings season; Tesla dips By Reuters
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(Reuters) – U.S. stock index futures fell on Friday, ahead of the start of third-quarter earnings season, after hotter-than-expected September inflation data boosted expectations of a 25 basis point interest rate cut by the Federal Reserve in November. Tesla (NASDAQ:) shares fell 5.8% in pre-market trading after the electric car…
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Exclusive-Stop Israel from bombing Iran’s oil sites, Gulf states urge US By Reuters
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Written by Samia Nakhoul, Parisa Hafezi and Bisha Majed DUBAI (Reuters) – Three Gulf sources told Reuters that the Gulf states are pressuring Washington to prevent Israel from attacking Iranian oil sites because they fear that their oil facilities will come under fire from Tehran’s proxies if the conflict escalates.…
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Stellantis CEO Carlos Tavares to retire in 2026 as automaker struggles in North America By Reuters
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Written by Nora Eckert DETROIT (Reuters) – Chrysler Stellantis (NYSE:) parent company confirmed on Thursday that CEO Carlos Tavares will retire at the end of his contract in early 2026 and announced major changes at top management as it struggles to turn around its lagging North American operations. . Earnings…
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J&J talc bankruptcy stays in Texas despite ‘forum-shopping’ opposition By Reuters
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Written by Dietrich Knuth NEW YORK (Reuters) – Johnson & Johnson’s (NYSE:) subsidiary can pursue its third attempt to resolve tens of thousands of lawsuits alleging that its talc products cause cancer in federal bankruptcy court in Texas, a judge ruled on Thursday, allowing the company… To avoid the place…