(Reuters) – McDonald’s Corp will have an option to buy its restaurants in Russia back within 15 years, Russia’s anti-monopoly service said in a statement on Thursday. The service approved a deal in which the fast-food company sold the restaurants to one of its local licensees – Alexander Govor, who will rebrand them, ending more…
By Susan Mathew and Bansari Mayur Kamdar (Reuters) -European shares bounced on Thursday, led by industrial and luxury names, with gains limited by lingering worries over slowing economic growth and rising prices. The pan-European STOXX 600 index rose 0.6% after losing nearly 2% over the last two sessions. Volumes are expected to be subdued as…
By Simon Lewis and Doina Chiacu WASHINGTON (Reuters) -The Biden administration on Thursday issued a raft of new sanctions aimed a punishing Russia for its invasion of Ukraine, with targets including several yachts linked to Russian President Vladimir Putin, an oligarch who heads a major steel producer, and a cellist it says acts as a…
For years California, Florida, Oregon, Washington, and other states have relied on incarcerated men and women to fight wildfires. They are trained to perform grueling work while earning just a few dollars, sometimes as little as $2 a day. Incarcerated workers who serve as volunteer firefighters help contain and combat blazes as wildfires have become…
WASHINGTON (Reuters) – The United States has issued a fresh round of Russia-related sanctions targeting 17 individuals, including Sergei Roldugin, a close associate of Russian President Vladimir Putin, a U.S. Department of Treasury said in a notice on its website Thursday. The latest sanctions also targeted 16 entities, seven vessels and three aircraft, the notice…
It has been a difficult period for highly valued tech names. Dow component Salesforce, Inc (CRM) has been one of the worst-performing mega-cap growth names as its business model around M&A activity and stock-based compensation has stretched valuations. Shares of CRM were down 37% in 2022 heading into its Tuesday afternoon earnings report. This compares…
NEW YORK (Reuters) – Bank of America Corp’s Merrill Lynch unit must pay more than $15.2 million to thousands of customers who bought Class C mutual fund shares when Class A shares were available at substantially lower costs, a U.S. regulator said on Thursday. The Financial Industry Regulatory Authority said Merrill did not admit or…
By Scott DiSavino NEW YORK (Reuters) – Oil prices were little changed after erasing early losses on Thursday after OPEC+ agreed to boost crude output to compensate for a drop in Russian production. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, agreed to raise output by 648,000 barrels…
AVON LAKE, Ohio (AP) — Ford will add 6,200 factory jobs in Michigan, Missouri and Ohio as it prepares to build more electric vehicles and roll out two redesigned combustion-engine models. The company says it will invest $3.7 billion in the three states between now and 2026. It also will convert about 3,000 temporary workers…
By Silke Koltrowitz ZURICH (Reuters) – With Russian gold and diamonds off-limits due to the war in Ukraine, makers of luxury jewellery and watches are finding it more difficult to secure raw materials and address human rights issues in supply chains. Russia is the world’s biggest producer of natural diamonds, according to the World Diamond,…
