WASHINGTON (AP) — Republican members of the Senate Banking Committee boycotted a vote Tuesday on President Joe Biden’s five nominees to the Federal Reserve, delaying indefinitely the confirmation of Chair Jerome Powell to a second four-year term. Democrats control the committee, but because no Republican attended the session, votes couldn’t take place under the panel’s…
By Deborah Mary Sophia and Hilary Russ (Reuters) -Burger King parent Restaurant Brands International Inc said on Tuesday that it stripped its most famous sandwich, the Whopper, from discount menus and will raise menu prices again this year as to offset higher costs. U.S.-listed shares of the company rose more than 3% after it topped…
(Repeats without changes) MILAN (Reuters) – Italy’s fifth-largest bank BPER Banca will present a new business plan after the closing of the deal for Carige, Chief Executive Piero Luigi Montani said in a statement on Tuesday. Details of synergies from the deal will be provided only after the closing, expected by the end of June,…
KYIV, Ukraine (AP) — A series of cyberattacks on Tuesday knocked the websites of the Ukrainian army, the defense ministry and major banks offline, Ukrainian authorities said, as tensions persisted over the threat of a possible Russian invasion. Still, there was no indication the relatively low-level, distributed-denial-of-service attacks might be a smokescreen for more serious…
DETROIT (AP) — Tesla CEO Elon Musk donated about 5 million shares of company stock worth roughly $5.7 billion to an unidentified charity in November, according to a regulatory filing. The shares were donated from Nov. 19 to Nov. 29, the filing with the U.S. Securities and Exchange Commission said. In late October, Musk, the…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Developing countries must quickly strengthen their financial sectors, the World Bank said on Tuesday, warning that rising inflation, interest rates and alarming levels of debt distress could trigger a global chain reaction not seen in generations. The World Bank underscored its longstanding concerns about lack of…
OMAHA, Neb. (AP) — Lee Enterprises’ effort to repel a hostile takeover got a boost this week when a judge ruled the newspaper publisher could ignore two board nominations from the hedge fund Alden Global Capital. But Alden said it will press the fight by urging shareholders to vote against Lee Chairman Mary Junck and…
By David Shepardson WASHINGTON (Reuters) – The Federal Communications Commission (FCC) and National Telecommunications and Information Administration (NTIA) on Tuesday vowed to improve coordination on spectrum management after a 5G aviation dispute threatened flights. The agencies said they will work cooperatively to resolve spectrum policy issues and will hold formal, regular meetings to conduct joint…
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -Stocks in Europe and on Wall Street rebounded on Tuesday while oil prices fell after Russia indicated it was withdrawing some troops from exercises near Ukraine and President Vladimir Putin said he saw room for further discussion with the West. Gold and bond prices also slid…
MADRID (AP) — A Spanish fishing boat sank early Tuesday in rough seas off Newfoundland in eastern Canada, killing at least four people, Spain’s maritime rescue service said. Three crew members were saved and a maritime search was launched for the 17 other crew members still missing. The 50-meter (164-feet) long fishing boat named Villa…
