NEW YORK (Reuters) – Federal Reserve emergency lending to banks in the wake of last month’s financial sector troubles remains high and increased modestly in the latest week, according to data released on Thursday by the Federal Reserve. The institution reported that borrowing via three programs aimed at supporting banks moved to $316.5 billion as…
(Reuters) – Authorities in Alabama on Thursday said they had made two more arrests in connection with last week’s shooting at a “Sweet 16” birthday party that left four people dead and 32 others wounded. The Alabama Law Enforcement Agency said in a written statement that Willie George Brown Jr., 19, of Auburn, and Johnny…
By Jonathan Stempel NEW YORK (Reuters) – An exiled Chinese businessman charged by U.S. prosecutors with leading a more than $1 billion fraud will remain in jail after a federal judge in Manhattan on Thursday rejected a proposed $25 million bail package. U.S. District Judge Analisa Torres said prosecutors had shown it more likely than…
(Reuters) – Clorox Co on Thursday said it would cut about 200 positions, or 4% of its non-production workforce, as it looks to keep a lid on costs amid worries of an economic slowdown. The Pine-Sol manufacturer joins a list of companies – from tech firms to retailers such as Bed Bath & Beyond Inc…
By Jeff Mason WASHINGTON (Reuters) -President Joe Biden announced plans to increase U.S. funding to help developing countries fight climate change and curb deforestation in Brazil’s Amazon rainforest during a meeting on Thursday with leaders from the world’s largest economies. During a virtual meeting of the Major Economies Forum on Energy and Climate, Biden urged…
By Jeff Mason and Julia Symmes Cobb WASHINGTON (Reuters) – U.S. President Joe Biden praised Colombian President Gustavo Petro on Thursday for his country’s treatment of refugees from Venezuela and for his commitment to democracy and human rights. During a meeting at the White House, Biden said the United States and Colombia could deepen their…
By Hyunjoo Jin and Akash Sriram (Reuters) – Elon Musk is counting on full-self driving and other new technologies and vehicles at Tesla Inc to provide the “wow factor” that will continue to drive the electric carmaker’s value far beyond its automotive rivals. Some analysts and investors worry that Tesla’s industry-leading market valuation is threatened…
By Hyunjoo Jin and Akash Sriram (Reuters) – Elon Musk is counting on full-self driving and other new technologies and vehicles at Tesla Inc to provide the “wow factor” that will continue to drive the electric carmaker’s value far beyond its automotive rivals. Some analysts and investors worry that Tesla’s industry-leading market valuation is threatened…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Japanese inflation figures for March and the first insights into economic activity around the world this month from flash PMI reports grab the spotlight on Friday, as investors reflect on mounting evidence of slowing U.S. economic and earnings…
By Yuvraj Malik and Greg Bensinger (Reuters) -BuzzFeed Inc said on Thursday it will shutter its news division, which gained renown for its irreverent and probing coverage but ultimately succumbed to the challenges of its digital-first business model. Shares of BuzzFeed nosedived 20% to 75 cents after the New York-based media company said it will…
