Category Archives:
Intel’s Mobileye unit set to be valued at $21 billion in strong market debut
(Reuters) - Shares of Mobileye Global Inc were set to open 25% above their offer price on Wednesday, potentially valuing the self-driving unit of Intel Corp at nearly $21 billion after the IPO was pri...
Oct 26, 2022
Surprise overdraft, depositor fees are likely unlawful, U.S. consumer agency says
By Hannah Lang (Reuters) - The U.S. Consumer Financial Protection Bureau on Wednesday issued guidance that surprise overdraft fees and unexpected depositor fees for bounced checks are likely unfair an...
Oct 26, 2022
PGA Tour, U.S. Golf Association, Augusta National Golf Club under DOJ probe -report
WASHINGTON (Reuters) - The Augusta National Golf Club, the PGA Tour and the U.S. Golf Association are part of the U.S. Justice Department's antitrust investigation into professional golf, the Wall Str...
Oct 26, 2022
U.S. new home sales fall in September; prices remain high
WASHINGTON (Reuters) - Sales of new U.S. single-family homes dropped in September and data for the prior month was revised lower, more evidence that higher mortgage rates are choking the housing marke...
Oct 26, 2022
Famous French painter Pierre Soulages dies at 102
PARIS (Reuters) - Pierre Soulages, the French painter who came to fame with his works reflecting on the shades and forms of black, has died at age 102, the museum dedicated to the artist in his hometo...
Oct 26, 2022
Instant View: Bank of Canada surprises with smaller-than-expected interest rate increase
TORONTO (Reuters) - The Bank of Canada announced a smaller-than-expected 50-basis point rate hike on Wednesday and said future increases would be influenced by its assessment of how tighter policy was...
Oct 26, 2022
Bank of Canada surprises with 50 bps hike, says slight recession possible
By Julie Gordon and David Ljunggren OTTAWA (Reuters) - The Bank of Canada announced a smaller-than-expected interest rate hike on Wednesday and made clear more increases were still needed, even as it ...
Oct 26, 2022
Shaw Communications jumps after Canada’s intervention in Rogers deal
(Reuters) - Shaw Communications Inc's shares jumped nearly 9% on Wednesday after the federal government's intervention late on Tuesday was seen as a sign that Canada was likely to approve Rogers Commu...
Oct 26, 2022
Ford to exit Russia after JV stake sale
(Reuters) -Ford Motor Co said on Wednesday it would exit Russia, after the U.S. automaker finalized a deal to sell its 49% stake in the Sollers Ford joint venture. "Ford shares will be transferred to ...
Oct 26, 2022
U.S. SEC to vote on executive compensation clawback rule
By John McCrank (Reuters) - The U.S. Securities and Exchange Commission on Wednesday will vote on whether to adopt a rule that would expand the regulator's powers to clawback executives' compensation ...
Oct 26, 2022
Peoria, IL, USA
73 °F Partly cloudy
