By Abigail Summerville and Anirban Sen NEW YORK (Reuters) -The end of the COVID-19 pandemic has weighed not just on demand for Purell but also on efforts to sell the maker of the hand sanitizer. Gojo Industries Inc, which invented Purell in 1988, was hoping to be valued at more than $2 billion when it…
By Niket Nishant (Reuters) -Annuities provider American Equity Investment Life Holding said on Tuesday it has received a takeover offer from its biggest shareholder, valuing the long-sought merger candidate at nearly $4.3 billion. The offer from the reinsurance arm of Canadian investment firm Brookfield comes months after AEL rejected a nearly $4 billion bid from…
By Sarah N. Lynch WASHINGTON (Reuters) -The federal Bureau of Prisons (BOP) employees who were charged with guarding accused sex offender Jeffrey Epstein did not search his jail cell as required and failed to check on him for hours before he killed himself in 2019, the U.S. Justice Department’s internal watchdog said on Tuesday. In…
By Jacqueline Thomsen MIAMI (Reuters) -A lawyer for Donald Trump aide Walt Nauta told a federal judge on Tuesday that he could not yet enter a plea in a case that accuses him of helping the former president hide national security documents because he still does not have local counsel. U.S. Magistrate Judge Edwin Torres…
By Dawn Chmielewski, Danielle Broadway and Sachin Ravikumar LOS ANGELES/GLASTONBURY, England (Reuters) – Call it Beyflation. Or maybe Swiftflation. The cost of certain goods is retreating in some places, but that doesn’t include live music. Concert tickets have surged in price, to the point where economists are noticing. Fans are shelling out a fortune for…
By Rajesh Kumar Singh and Shivansh Tiwary CHICAGO (Reuters) -Delta Air Lines on Tuesday lifted its second-quarter profit outlook and forecast full-year earnings at the high end of its prior guidance on sustained travel demand. Shares rose about 2% in morning trade as the company also revised upward estimates for free cash flow this year….
(Reuters) – The top U.S. consumer finance watchdog on Tuesday said it had fined the Nebraska payment processor ACI Worldwide $25 million for improperly processing more than $2 billion in mortgage payment transactions without customer authorization. The transactions occurred in April 2021 and affected nearly 500,000 homeowners with mortgages serviced by Mr. Cooper, exposing many…
WASHINGTON (Reuters) – U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years, but fears of a recession lingered, according to a survey on Tuesday. The Conference Board said its consumer confidence index rose to 109.7 this month, the highest reading since January 2022, from 102.5 in May. Economists polled by…
By Aishwarya Nair (Reuters) – Ford Motor Co said on Tuesday it will begin layoffs this week, impacting mostly engineering jobs in the U.S. and Canada, as part of the Detroit automaker’s move to exit unprofitable locations and cut headcount. The development comes after the company said in May it expects to take up restructuring…
By Mike Spector, Joseph White and Dietrich Knauth NEW YORK (Reuters) – U.S. electric truck manufacturer Lordstown Motors filed for bankruptcy protection on Tuesday and put itself up for sale after failing to resolve a dispute over a promised investment from Taiwan’s Foxconn. Shares of Lordstown tumbled 35% in trading on the Nasdaq. The company’s…
