By Jeff Mason and Jarrett Renshaw WASHINGTON (Reuters) – The White House on Monday divvied up $42 billion among the nation’s 50 states and U.S. territories to make access to high-speed broadband universal by 2030, as it launched a new publicity campaign for President Joe Biden’s economic policies. The funding under the Broadband Equity Access…
WASHINGTON (Reuters) -The U.S. Army said on Monday it had selected General Dynamics and American Rheinmetall to compete to replace the Bradley fighting vehicle, in a deal that could be worth more than $45 billion to the winner. The two, narrowed from an original field of five, will get contracts to develop detailed digital designs…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Software company Enfusion Inc is attracting takeover interest from private equity firms and strategic buyers, several people familiar with the matter said. Enfusion’s management has been approached in recent months by Francisco Partners, Vista Equity Partners and investment firm Irenic Capital Management, said the sources who asked not…
JERUSALEM/WASHINGTON (Reuters) -The United States on Monday objected to a decision by Israel’s nationalist-religious government to approve the construction of around 5,700 additional housing units for Jewish settlers in the occupied West Bank. The United States was “deeply troubled” by the move, State Department spokesperson Matthew Miller told reporters, adding that U.S. officials had made…
(Reuters) -Illumina Inc has commenced job cuts, the genetic sequencing equipment maker said on Monday, as it looks to cushion the impact of sticky inflation and a strong dollar on its business. The company also intends to further cut workforce in the third quarter and reducing its real estate footprint in California as part of…
(Reuters) – AutoZone Inc CEO Bill Rhodes will step down in January next year after leading the company for more than 18 years, the U.S. car parts retailer said on Monday. Another company veteran, Philip Daniele, currently vice president of merchandising, marketing and supply chain teams, will succeed Rhodes. Rhodes will transition to the role…
By Deena Beasley (Reuters) -Eli Lilly on Monday said a mid-stage trial of its next-generation obesity drug candidate “triple G” showed that it led to weight loss of up to 24.2% after 48 weeks, surpassing results seen with other weight loss drugs. The once-weekly injected drug, retatrutide, is part of a class known as incretins…
By Anirban Sen (Reuters) -Canadian private equity firm Brookfield’s reinsurance arm is nearing a deal to buy insurer American Equity Life Holding, a person familiar with the matter told Reuters on Monday. Brookfield has made a cash-and-stock offer that is set to be recommended by the American Equity board, the person said, requesting anonymity. Shares…
(Reuters) – Costa Rica has unlocked a total of around $519 million for its economic reform program and a climate and sustainability program, the International Monetary Fund (IMF) said on Monday. Around $274 million went to the economic reform program, which is one installment in the more than $1 billion Costa Rica has received from…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Tuesday are set to open on the defensive, pressured by worries over inflation and ‘higher for longer’ interest rates globally more than fallout from the brief uprising by Russian mercenaries against the…
