By Jonathan Stempel NEW YORK (Reuters) – Energizer Holdings Inc and Walmart Inc have been sued by consumers and retailers in three proposed antitrust class actions accusing them of conspiring to raise the prices of disposable batteries. According to complaints filed on Friday, Energizer agreed “under pressure from Walmart” to inflate wholesale battery prices for…
By Anirban Sen and Echo Wang NEW YORK (Reuters) – SoftBank Group Corp’s chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, people familiar with the matter said on Saturday, setting the stage for this year’s largest initial public offering. While SoftBank had said in March it planned to…
KYIV (Reuters) -Ukraine had protested to key allies the European Union and Poland over restrictions on its grain supplies on Friday, before the European Commisssion announced later in the day that a deal had been reached in principle to resolve the matter. Ukraine’s foreign ministry said on Saturday it had sent notes to the Polish…
By Greg Roumeliotis NEW YORK (Reuters) – The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic Bank under receivership imminently, a person familiar with the matter said on Friday, sending shares of the lender down nearly 50% in extended trading. The U.S. banking regulator decided the troubled regional lender’s position…
By Steve Gorman LOS ANGELES (Reuters) – Barely five weeks after the last bout of heavy rain and snow in California’s historically wet winter, firefighters on Friday battled the state’s first large wildfire of the year in rugged foothills east of Los Angeles. The Nob fire has scorched some 200 acres of brush and grass…
By Greg Roumeliotis NEW YORK (Reuters) – The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic Bank under receivership imminently, a person familiar with the matter said on Friday, sending shares of the lender down nearly 50% in extended trading. The U.S. banking regulator decided the troubled regional lender’s position…
By Jennifer Rigby and Maggie Fick LONDON (Reuters) – Pfizer Inc has pledged to deliver critical new medicines more quickly in low-income nations, but its first such vaccine effort faces hurdles likely to delay distribution in poorer countries by several years, global health officials told Reuters. Pfizer made a commitment on more equitable access last…
By Lucinda Elliott ASUNCION (Reuters) – In Paraguay’s election on Sunday, Soledad Nunez, a 40-year-old engineer and former minister, is looking to break into the South American country’s male-dominated political arena as its first elected female vice president. Paraguay – which has a reputation for misogynist ‘machista’ culture even within the often conservative region –…
GOMA (Reuters) -The Kenyan commander of a regional force set up to tackle militia violence in eastern Democratic Republic of Congo said he had resigned due to obstruction and threats to his safety, adding to doubts over whether the mission can be effective. In the letter dated Thursday, Major General Jeff Nyagah said he was…
(Reuters) – Fitch cut France’s sovereign credit rating on Friday by one notch to ‘AA-‘, saying a potential political deadlock and social unrest posed risks to President Emmanuel Macron’s reform agenda. Responding to the decision, French Finance Minister Bruno Le Maire said Fitch was underestimating the positive impacts of the government’s plans to reform and…
