By Dietrich Knauth (Reuters) -Revlon Inc said on Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in debt and handing control of the beauty products company to its lenders. CEO Debra Perelman said in a statement that Revlon is stronger after bankruptcy and well positioned for long-term growth. “We look…
By Andrea Shalal and Nandita Bose WASHINGTON (Reuters) -President Joe Biden will not negotiate over the debt ceiling during his meeting with four top congressional leaders on May 9, but he will discuss starting “a separate budget process” to talk about spending priorities, the White House said on Tuesday. Biden on Monday summoned the four…
By Arshreet Singh (Reuters) – U.S. lithium miners Albemarle and Livent are expected to report a rise in quarterly profit this week, but investor focus will likely be on how they plan to navigate the slide in prices for the metal used in electric-vehicle batteries. Strong demand for EVs and limited supply of the metal…
By Howard Schneider WASHINGTON (Reuters) – A continued drop in job openings and a dip in the rate at which workers are quitting have kept alive, for now, a key Federal Reserve narrative that the economy can slow without a major crack in employment. New data for March showed the ratio of job openings to…
KAMPALA (Reuters) -Uganda’s parliament on Tuesday passed one of the world’s strictest anti-LGBTQ bills mostly unchanged, including provision for long jail terms and the death penalty, after the president requested some parts of the original legislation be toned down. The new bill retains most of the harshest measures of the legislation adopted in March, which…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell for a third straight month in March and layoffs increased to the highest level in more than two years, suggesting some softening in the labor market that could aid the Federal Reserve’s fight against inflation. Still, the labor market remains tight, with the monthly Job…
By Natalie Thomas and JEEVAN RAVINDRAN LONDON (Reuters) – Margaret Tyler’s fascination with the British royal family began as a child, when she would cut out photos of the now-King Charles III and his sister, Princess Anne. The 79-year-old, just four years older than the British monarch, is among the royal super fans who cannot…
By Leah Douglas WASHINGTON (Reuters) – The Biden administration will defend funding for climate-smart farming in the $430 billion U.S. Inflation Reduction Act (IRA) if Republican lawmakers seek to cut it during negotiations for the next farm bill, an official said Tuesday. The IRA, which aims to cut emissions across the U.S. economy, includes $20…
By Blake Brittain (Reuters) – VMware Inc must pay $84.5 million for infringing two patents belonging to rival software company Densify, a Delaware federal jury said on Monday. The verdict, made public Tuesday, said VMware willfully violated Densify’s patent rights with its software for optimizing “virtual machines” used in cloud computing. A VMware spokesperson declined…
By Blake Brittain (Reuters) – VMware Inc must pay $84.5 million for infringing two patents belonging to rival software company Densify, a Delaware federal jury said on Monday. The verdict, made public Tuesday, said VMware willfully violated Densify’s patent rights with its software for optimizing “virtual machines” used in cloud computing. A VMware spokesperson declined…
