(Reuters) -Nordstrom Inc on Wednesday named former Target Corp CFO Cathy Smith as its new finance chief. Smith will take over from interim Nordstrom CFO Michael Maher on May 29. The U.S. retailer gets its first permanent finance chief since Anne Bramman stepped down in December, a month after the company adopted a “poison pill”…
BRUSSELS (Reuters) – The European Union’s top competition official on Wednesday said “all options” were on the table but did not indicate what her next steps could be after Lufthansa and SAS suffered a setback in Europe’s second-highest court. The court sided with Ryanair in annulling the EU’s decision clearing the German government’s 6-billion-euro ($6.6…
By Jack Queen (Reuters) – A jury in Manhattan decided on Tuesday that former U.S. President Donald Trump must pay $5 million in damages for sexually abusing magazine writer E. Jean Carroll in the 1990s and then defaming her by branding her a liar. Here is a rundown of what could come next: WILL TRUMP…
By Lewis Krauskopf NEW YORK (Reuters) – Some investors are growing concerned that the U.S. economy may not be cooling fast enough to justify bets that the Federal Reserve will cut interest rates this year, threatening a view that has helped boost stocks. Expectations of rate cuts in the second half of the year have…
By Jason Lange WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval was at 40% in recent days, close to the lowest level of his presidency, with Americans unhappy about his handling of immigration and inflation, a new Reuters/Ipsos poll showed. The three-day poll, which ended on Sunday, showed a marginal increase in Biden’s popularity…
By David Brunnstrom and Michael Martina WASHINGTON (Reuters) – The British son of jailed Hong Kong media tycoon Jimmy Lai and a leading Catholic U.S. congressman criticized Britain and the Vatican on Wednesday for failing to speak out strongly against the crackdown on dissent in the Chinese territory. At a Washington event about the human…
By Nichola Groom (Reuters) -The U.S. Department of Homeland Security this week raided a factory and sales office operated by one of the world’s largest solar panel makers, China’s Jinko Solar Holding Co Ltd, the agency said on Wednesday. A spokesperson for the Homeland Security Investigations arm of DHS, Mike Meares, said search warrants were…
By Nell Mackenzie LONDON (Reuters) -Hedge funds cut their exposure to financial stocks in April after buying discounted equities in the market turmoil that followed the March failures of Silicon Valley Bank and Signature bank, according to S&P Global Market Intelligence data. Hedge funds reduced exposure to financial stocks including banks and trading companies by…
PARIS (Reuters) – The European Central Bank has travelled most of the way in its campaign to raise interest rates, French ECB policymaker Francois Villeroy de Galhau said on Wednesday, adding that further rate hikes would be “more marginal”. “What remains to be done is more marginal,” Villeroy told newspaper group EBRA. “It is the…
By Chibuike Oguh NEW YORK (Reuters) – A gloomy forecast from vacation rental firm Airbnb weighed on travel-related stocks on Wednesday as an expected slowdown in bookings signaled an impending slump in travel demand with consumers seeking cheaper accommodation amid inflation and recession fears. Airbnb, which reported a 20% rise in quarterly revenue on Wednesday,…
