By Laura Matthews and Alun John NEW YORK/LONDON (Reuters) – The dollar remained relatively weaker against most of its major peers on Monday, as traders wait for the Federal Reserve to acknowledge an end to its hiking cycle while trying to hedge the risk of potential recession. The dollar index, which measures the currency against…
BENGALURU (Reuters) – Blackstone Inc’s delisting offer for India’s R Systems International Ltd was unsuccessful as the U.S. investment fund failed to draw enough interest from public shareholders, the manager to the offer said on Monday. Blackstone, which in November said it would buy a near 52% stake in the IT services firm for $359…
(Reuters) -Catalent Inc expects to cut by more than $400 million both its full-year revenue and core profit forecasts, the contract drug manufacturer said on Monday, sending its shares tumbling 27% to a three-year low. The announcement came just a day ahead of third-quarter results, which have been pushed to May 15 to allow the…
(Reuters) -Sweden’s Assa Abloy AB, the world’s No. 1 lock maker, and U.S.-based Spectrum Brands Holdings said on Friday they have reached a settlement with the U.S. Justice Department regarding Assa’s $4.3 billion proposed deal to buy Spectrum’s hardware and home improvement (HHI) division. The Justice Department last year sued to block the proposed deal…
WASHINGTON (Reuters) – Newton Minow’s first speech as chair of the Federal Communications Commission was his most memorable. In addressing leading U.S. broadcast executives on May 9, 1961, in Washington, he said television programming was a “vast wasteland” and something need to be done about it. Here are excerpts from that speech: * “Your industry…
(Reuters) – Space-tourism company Virgin Galactic Holdings said on Monday that a four-member test flight will take place in May and that it aims to launch its first commercial flight in late June. Shares jumped 4% after the company said the May mission would be the final test of the spaceflight system and astronaut experience…
(Reuters) – Space-tourism company Virgin Galactic Holdings said on Monday that a four-member test flight will take place in May and that it aims to launch its first commercial flight in late June. Shares jumped 4% after the company said the May mission would be the final test of the spaceflight system and astronaut experience…
DUBAI (Reuters) -Iran has executed two people who had been sentenced to death for blasphemy, the judiciary’s news website Mizan reported on Monday, drawing an angry reaction from human rights group Amnesty International. Yousef Mehrdad and Sadrollah Fazeli Zare were executed for crimes including blasphemy, insulting the religion of Islam, the prophet and other sanctities,…
SAO PAULO (Reuters) -Itau Unibanco Holding SA, Brazil’s biggest private bank, reported on Monday first-quarter recurring net profit up 14.6% year-on-year, boosted by a larger loan portfolio with better spreads even as provisions for bad loans increased. The bottom line of 8.44 billion reais ($1.7 billion) was broadly in line with expectations of 8.42 billion…
By Andre Romani SAO PAULO (Reuters) – Brazilian ride-hailing app 99 is planning to more than double the number of electric cars serving its passengers in Brazil in the next 12 months, with a goal of reaching 1,000 vehicles, the company said on Monday. The target was announced as the Alliance for Sustainable Mobility, a…
