BERLIN (Reuters) -Volkswagen’s management and supervisory boards will discuss at a meeting on Monday whether the long-anticipated listing of sportscar brand Porsche in late September or early October should go ahead, the carmaker said on Saturday. A decision will also be made on whether Volkswagen approves of the sale of 25% plus one share of…
(Reuters) – Russia’s Gazprom said it would ship 42.7 million cubic metres (mcm) of natural gas to Europe through Ukraine on Saturday, hours after it announced that flows through the Nord Stream 1 pipeline to Germany would not resume as planned. Flows via the Sudzha entry point were up slightly compared to the 41.3 mcm…
By Howard Schneider (Reuters) – Federal Reserve officials have acknowledged that the battle against inflation will be paid for with lost jobs, and the U.S. central bank will need an unlikely combination of events to keep those losses to a minimum as interest rates continue to rise. Economists assessing the trade-off facing the Fed estimate…
(Reuters) – The U.S. Federal Trade Commission has begun a review of Amazon.com’s $1.7 billion takeover of robot vacuum maker iRobot Corp to decide if the deal violates antitrust law, Politico reported on Friday, citing people familiar with the matter. The U.S. anti-trust body’s iRobot review is wide-ranging and would include both head-to-head competition and…
NEW YORK (AP) — The Federal Trade Commission is investigating Amazon’s $3.9 billion acquisition of the primary health organization One Medical, a move that could delay the completion of the deal. Both One Medical and Amazon received a request for additional information Friday in connection with an FTC review of the merger, according to a…
(Reuters) – Citigroup Inc on Friday said it has slightly trimmed its mortgage workforce, due to an internal streamlining of functions. Less than 100 positions were affected, according to Bloomberg News, which first reported the layoffs. “We are doing our best to support each individual by helping them to find new employment opportunities within Citi…
WASHINGTON (Reuters) – The Biden administration said on Friday it will keep tariffs on hundreds of billions of dollars worth of Chinese imports in place while it continues a statutory review of the duties imposed by former President Donald Trump. The U.S. Trade Representative’s office said in a federal notice that it received requests from…
By Echo Wang and Manya Saini (Reuters) -Yogurt maker Chobani is withdrawing its plans for an initial public offering in the United States after having delayed its listing plans earlier this year, marking the first high-profile casualty of the current slowdown in stock market flotations. Chobani cited “current market conditions” in its decision to scrap…
By Richa Naidu LONDON (Reuters) -Laxman Narasimhan may have no experience of running coffee shops, but the outgoing CEO of British packaged goods group Reckitt will bring insight into the changing habits of consumers when he takes over at Starbucks. At Reckitt, maker of Strepsils throat lozenges and Dettol floor cleaner, the 55-year-old Narasimhan spearheaded…
By Lewis Krauskopf NEW YORK (Reuters) – Fresh volatility in U.S. stocks is pushing some investors to hunker down in areas of the market that have been relatively strong during a brutal year for equities, including energy shares, defensive names and dividend-payers. The S&P 500 is down 9% since mid-August, partially reversing a summer rebound…
