By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended sharply higher on Thursday, extending the market’s recent rebound, as investors snapped up beaten-down chipmakers and big growth names and as oil prices dropped. The Philadelphia SE semiconductor index, which is down sharply for the year, jumped on the day, while Apple shares rose for…
BRUSSELS (Reuters) – Alphabet Chief Executive Officer Sundar Pichai will meet Europe’s antitrust chief on March 30 to discuss competition and digital issues, a European Commission official said on Thursday. Alphabet confirmed the meeting. Margrethe Vestager has handed out more than 8 billion euros ($8.8 billion) in fines to the world’s most popular internet search…
NEW YORK (AP) — Edward “Ned” Johnson III, a businessman who grew Fidelity Investments into the financial giant it is today, has died. He was 91. Johnson’s family confirmed Thursday that he died on Wednesday but did not give a cause of death. Born in Boston at the start of the Great Depression, Johnson joined…
By Tom Hals (Reuters) – Bayer AG reached an $80 million settlement with Ohio to resolve environmental damage allegedly caused by polychlorinated biphenyls, or PCBs, made by the company’s Monsanto business, the state attorney general said on Thursday. The funds from the German company, which did not admit liability, will be used for environmental cleanup,…
DALLAS (AP) — Southwest Airlines will add a fourth fare category as part of changes designed to attract more business travelers and boost revenue. The new fare level will be priced higher than Southwest’s cheapest tickets but below the airline’s top two fare categories. Southwest executives think this will fill the large price gap between…
By Arathy Somasekhar HOUSTON (Reuters) – U.S. refiners have begun snapping up fuel oil cargoes from the Middle East this month after U.S. President Joe Biden banned Russian oil imports over the country’s invasion of Ukraine, shipping data showed. The United States last year imported about 700,000 barrels per day (bpd) of different types of…
BRUSSELS (AP) — The European Union preserved a sense of rarely seen unity through four rounds of unprecedented sanctions against Russia over its invasion of Ukraine. But at a summit Thursday, the 27 leaders faced division on the biggest issue of all: energy. During the first month of war, EU nations imposed tough measures targeting…
By Elvira Pollina MILAN (Reuters) -KKR remains interested in taking over Telecom Italia (TIM) and also wants to discuss the phone group’s own plans to combine its fixed line assets with those of state-backed rival Open Fiber, two sources said on Thursday. KKR submitted a non-binding 10.8 billion euro ($11.9 billion) takeover proposal for TIM…
By Anthony Esposito ACAPULCO, Mexico (Reuters) – Citigroup’s retail unit in Mexico, known as Citibanamex, has said it hopes to define the terms of its sale by the beginning of April, amid signs of intensifying interest in the bank, expected to fetch at least $4 billion. Citi country head Manuel Romo told journalists on Wednesday…
PARIS (AP) — Dozens of nations, including the United States and much of Europe, say they are united in seeking to “radically” reduce imports of Russian oil and gas after its invasion of Ukraine, while ensuring those efforts don’t fuel climate change. At a two-day meeting of the International Energy Agency chaired by U.S. Energy…
