NAIROBI, Kenya (AP) — Kenyan opposition figure Raila Odinga said Tuesday he’ll challenge the results of the close presidential election with “all constitutional and legal options” after Deputy President William Ruto was declared the winner, bringing new uncertainty to a country where the vote was widely considered to be its most peaceful. Now East Africa’s…
NEW YORK (AP) — Stocks edged lower in morning trading on Wall Street Tuesday as investors cautiously reviewed mostly encouraging financial results from major retailers. The S&P 500 fell 0.2% as of 10:26 a.m. Eastern. The Dow Jones Industrial Average rose 79 points, or 0.2%, to 33,991 and the Nasdaq fell 0.9%. Walmart jumped 5.7%…
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) bought shares in Alphabet, Zoom Video and Microsoft as part of a wider pick of U.S. stocks, bringing the sovereign wealth fund’s second-quarter investments to about $40.8 billion. The PIF acquired 213,000 class A shares in Alphabet, 4.7 million class A shares…
With much fanfare, ship after ship loaded with grain has sailed from Ukraine after being stuck in the country’s Black Sea ports for nearly six months. More quietly, a parallel wartime deal met Moscow’s demands to clear the way for its wheat to get to the world, too, boosting an industry vital to Russia’s economy…
By Richa Naidu and Ross Kerber LONDON/BOSTON (Reuters) – Ben & Jerry’s legal battle with Unilever sheds light on an issue affecting a growing number of purpose-led brands: how to maintain their identity after being bought by a major consumer company. Multinational consumer groups have raced to snap up socially conscious brands in recent years,…
(Reuters) -Activist investor Elliott Management has sold almost all of its remaining shares in SoftBank Group Corp after previously investing as much as $2.5 billion, the Financial Times reported on Tuesday citing unnamed sources. Elliott had already cut back its stake as the shares appreciated, supported by a record buyback programme. The Japanese conglomerate’s portfolio…
WASHINGTON (AP) — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable. Under the bill President Joe Biden is scheduled to sign into law Tuesday, companies will face…
