Category Archives:
Agnelli family’s Exor buys $2.8 billion stake in Philips
By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) - Exor NV, the investment arm of Italy's Agnelli family, has become the top investor in Philips by buying 15% of the healthcare technology group...
Syndicated Content Aug 14, 2023
Airlines, hotels branch out with experiences to lure travelers
By Doyinsola Oladipo NEW YORK (Reuters) - Casino operator MGM Resorts International is finding Formula One's inaugural stop in Las Vegas is as much of a draw as its slot machines this year, and it is ...
Syndicated Content Aug 14, 2023
U.S. Steel shares jump after unsolicited bid from Cleveland-Cliffs
(Reuters) - Shares of U.S. Steel jumped 29% in premarket trading on Monday, after the more-than-a-century old steelmaker rejected a $7.3 bln buyout offer from Cleveland-Cliffs and said it would review...
Syndicated Content Aug 14, 2023
India’s ‘bad bank’ sees loan transfers dwindle on valuation, liability woes -sources
By Siddhi Nayak MUMBAI (Reuters) - India's so-called 'bad bank' set up to buy legacy stressed loans from the country's lenders has seen such purchases grind to a standstill recently due to disputes ov...
Syndicated Content Aug 14, 2023
Bank of China starts nationwide move to reduce salary gap among employees, manager levels -sources
BEIJING (Reuters) - Bank of China Ltd, China's fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in re...
Syndicated Content Aug 14, 2023
Chesapeake to complete Eagle Ford basin exit with SilverBow deal
(Reuters) -U.S. natural gas producer Chesapeake Energy said on Monday it would sell its remaining Eagle Ford assets to SilverBow Resources for $700 million, completing its exit from the south Texas ba...
Syndicated Content Aug 14, 2023
Mount Etna eruption disrupts Sicily’s troubled Catania airport
CATANIA, Sicily (Reuters) - Flights serving the eastern Sicilian city of Catania were halted on Monday after an eruption from nearby Mount Etna, local authorities said, bringing fresh travel woe to th...
Syndicated Content Aug 14, 2023
Bankman-Fried heads to Brooklyn jail notorious for poor conditions
By Luc Cohen NEW YORK (Reuters) - Sam Bankman-Fried will prepare for his fraud trial from a Brooklyn jail where inmates ranging from convicted sex trafficker Ghislaine Maxwell to Honduras' former pres...
Syndicated Content Aug 14, 2023
Insurers poised for US break on investment losses from high rates
By Koh Gui Qing SEATTLE (Reuters) - Some insurers operating in the United States stand to reap a windfall worth hundreds of millions of dollars from the relaxing of a 31-year-old rule on reporting int...
Syndicated Content Aug 14, 2023
New Covid vaccines are on the way as ‘Eris’ variant rises
By Michael Erman NEW YORK (Reuters) - A new COVID vaccine is due out next month, but health experts and analysts say it is likely to be coolly received even as hospitalizations from "Eris", a variant ...
Syndicated Content Aug 14, 2023
Peoria, IL, USA
38 °F Clear
