By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden and his wife Jill released their federal tax return on Tuesday, showing the couple earned nearly $580,000 last year and paid an effective federal income tax rate of 23.8%. The Bidens also donated roughly 3.5% of their income, or $20,180, to 20 charities, including one associated…
By Andrew Goudsward (Reuters) – New York’s Senate on Tuesday easily confirmed Governor Kathy Hochul’s nominee to lead the state’s highest court, elevating a judge favored by liberal lawmakers. Rowan Wilson was approved by a vote of 40 to 19 as chief judge of the New York State Court of Appeals. Wilson will be the…
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose for a second straight day on Tuesday to reach its highest since early February as the pace of U.S. earnings season picked up, while Treasury yields dipped after three straight sessions of gains. On Wall Street, the S&P 500 closed roughly unchanged….
(Reuters) – Australia’s competition regulator on Wednesday re-authorised Qantas Airways Ltd and its budget arm Jetstar Airways Pty Ltd for a five-year continued coordination for two Jetstar Asian-based joint ventures – Jetstar Asia and Jetstar Japan. The Australian Competition and Consumer Commission (ACCC) had previously granted an interim authorisation to the company, saying the continued…
By Dietrich Knauth (Reuters) -A Johnson & Johnson subsidiary is again asking a U.S. judge to pause tens of thousands of lawsuits alleging the company’s baby powder and other talc products cause cancer, as it seeks to resolve the litigation in bankruptcy after a federal appeals court found its first attempt improper. At a Tuesday…
By Svea Herbst-Bayliss (Reuters) – Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787.5 million windfall after Fox Corp settled a defamation lawsuit brought by the voting machine operator. The amount is equivalent to 20 times the $38.3 million the New York-based private equity firm paid…
By Blake Brittain (Reuters) – Unilever’s “I Can’t Believe It’s Not Butter!” spray is governed by different U.S. Food and Drug Administration regulations than butter and similar products, a U.S. appeals court ruled Tuesday, defeating a long-running false advertising class action. A split 9th Circuit Court of Appeals rejected claims that Unilever based its zero-fat,…
(Reuters) -Western Alliance Bancorp on Tuesday posted stronger-than-expected earnings and said its deposits had stabilized after the March banking crisis, news that boosted its shares and other U.S. regional banks in after-hours trading. The lender said total deposits fell 11.3% to $47.6 billion in the first quarter from the previous three months, but deposits steadied late…
(Reuters) -Western Alliance Bancorp on Tuesday posted stronger-than-expected earnings and said its deposits had stabilized after the March banking crisis, news that boosted its shares and other U.S. regional banks in after-hours trading. The lender said total deposits fell 11.3% to $47.6 billion in the first quarter from the previous three months, but deposits steadied late…
(Reuters) – Australian financial services firm AMP Ltd said on Wednesday net cash outflows for its flagship Australian wealth management business were 30% lower in the March quarter, while the banking unit’s credit quality remained strong. AMP Bank’s loan book grew over the first quarter compared with the previous three months, while lending margins were…
