By Andres Gonzalez (Reuters) – Conglomerate Grupo Mexico is set to buy Citigroup Inc’s retail banking operations in Mexico for about $7 billion in a deal that could be announced as early as this week, according to a person familiar with the matter. As part of the deal, Citi will retain a roughly 10% stake…
By Joseph White DETROIT (Reuters) – General Motors Co will consolidate North American sales operations for commercial vehicles, parts and telematics services under a new brand umbrella, GM Envolve, that will compete with Ford Motor Co’s Ford Pro unit and others for revenue from business vehicle fleets. GM executives said the reorganization is aimed at…
By Khalid Abdelaziz and Aidan Lewis DUBAI (Reuters) – Fighting in Sudan’s capital escalated on Wednesday with fierce clashes and air strikes, but rival military factions were reported to be close to a ceasefire agreement in talks in Saudi Arabia. Residents reported ground battles in several neighbourhoods of Khartoum between the army and the paramilitary…
By Karen Freifeld and Sarah N. Lynch CENTRAL ISLIP, New York (Reuters) – U.S. Representative George Santos on Wednesday vowed to fight charges of fraud, money laundering and theft of public funds in the latest hit to the newly elected Republican, who has resisted calls to resign for lying about his resume. “It’s a witch…
By Andrea Shalal NIIGATA, Japan (Reuters) – Treasury Secretary Janet Yellen on Thursday will underscore the United States’ commitment to continue supporting Ukraine for as long as needed, while working with other rich nations to degrade Russia’s ability to wage war against its neighbor. Yellen identified redoubled support for Ukraine as one of her three…
By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney Co Chief Executive Bob Iger on Wednesday accused Florida politicians of retaliating against the company and questioned the state’s interest in the entertainment conglomerate’s continued investment in Walt Disney World. Disney has accused Florida Governor Ron DeSantis and his supporters of “weaponizing” the state government to…
By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney Co Chief Executive Bob Iger on Wednesday accused Florida politicians of retaliating against the company and questioned the state’s interest in the entertainment conglomerate’s continued investment in Walt Disney World. Disney has accused Florida Governor Ron DeSantis and his supporters of “weaponizing” the state government to…
(Reuters) – A petit basset griffon Vendeen named Buddy Holly won best of show on Tuesday in the 147th annual Westminster Kennel Club Dog Show, beating out more than 3,000 dogs from 210 breeds and varieties to claim the most prestigious such U.S. prize. A six-year-old male from Palm Springs, California, Buddy Holly became the…
(Reuters) -Nutrien Ltd on Wednesday cut its forecast for 2023 earnings as elevated fertilizer prices owed to Western sanctions on Russia and Belarus weigh on demand. U.S.-listed shares of the company fell 3.9% in extended trading as it also reported a lower-than-expected quarterly profit. Though fertilizer prices have dipped from record highs scaled last year,…
(This May 8 story has been refiled to correct a misspelled word in paragraph 7) By Andrew Goudsward (Reuters) – Law firm Wilmer Cutler Pickering Hale and Dorr pushed back on Monday against an effort to bar the firm from defending JPMorgan Chase & Co in a lawsuit accusing the bank of helping to facilitate…
