By Jonathan Stempel (Reuters) – One of the biggest hits from the just-concluded annual love fest for Warren Buffett showed the enduring popularity of the investing legend: plush, squishy toys featuring the billionaire and his business partner Charlie Munger. On Friday, the start of Berkshire Hathaway Inc’s three-day shareholder weekend, thousands thronged a convention hall…
By Jonathan Stempel (Reuters) -The California woman suing Subway, claiming its tuna products contain ingredients other than tuna, wants to end her lawsuit because she is pregnant, prompting Subway to demand her lawyers be sanctioned for bringing a frivolous case. Nilima Amin said her “severe” morning sickness and “debilitating” conditions as she prepares for a…
By Brendan Pierson and Jacqueline Thomsen (Reuters) – A case brought by anti-abortion groups seeking to ban the abortion pill mifepristone nationwide will be heard next week by a panel of three deeply conservative judges hostile to abortion rights, a federal appeals court revealed on Monday. The Biden administration is expected to urge the 5th…
(Reuters) -Toronto-Dominion Bank’s handling of “suspicious” customer transactions was behind regulators’ refusal to approve the lender’s $13.4 billion deal to buy First Horizon, the Wall Street Journal reported on Monday, citing people familiar with the matter. The reluctance by the Office of the Comptroller of the Currency and the Federal Reserve to give TD a…
By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in the next 12 months and be ready for an initial public offering in 2025, its Chief Executive Officer Markus Villig said in an interview. The company, a rival of Uber, was valued at over $8 billion when…
By Kane Wu and Anirban Sen HONG KONG/NEW YORK (Reuters) – Bain Capital is seeking to raise $4 billion for a new global “special situations fund” as the U.S. firm sees an opportunity to snap up distressed and equity investments, two people familiar with the matter said. Bain Capital kicked off the fundraising at the…
(Reuters) -Shares of PacWest Bancorp jumped 24% on Monday and led a recovery in the battered U.S. banking sector after the lender sharply cut its quarterly dividend to shore up its finances. On Friday, Los Angeles-based PacWest said it would pay a dividend of 1 cent per common share, compared with its regular payout of…
PARIS (Reuters) – Ryanair is close to signing a major new aircraft order with Boeing, two people familiar with the matter said on Monday. The multi-billion-dollar deal for a three-digit quantity of 737 MAX jets could be announced as early as Tuesday, they added, asking not to be named. Boeing and Ryanair declined to comment….
By Gabriella Borter and Maria Caspani (Reuters) – Texas police on Sunday were investigating what motivated a 33-year-old gunman to kill at least eight people at a mall over the weekend, as President Joe Biden called for stricter gun laws. The Texas Department of Public Safety on Sunday confirmed the identity of the assailant in…
By Lisa Baertlein LOS ANGELES (Reuters) – Closely watched U.S. retail trade forecasters on Monday lowered their import target for the first half of 2023 and said they expect incoming ocean container volume to remain soft going into this autumn – when retailers like Walmart should be well into holiday season preparations. The Global Port…
