By Dietrich Knauth (Reuters) – Right-wing conspiracy theorist Alex Jones could face two more defamation trials in 2023, under an agreement meant to put a price on lies that Jones told about school shootings in the U.S. Jones’ attorneys previewed the agreement at a Wednesday court hearing in Houston, telling U.S. Bankruptcy Judge Christopher Lopez…
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup Inc in the second quarter will book severance costs associated with around 1,600 job cuts, Chief Financial Officer Mark Mason said on Wednesday. Speaking at a conference in New York, Mason said the bank’s expenses in the second quarter will be $300 million to $400 million higher than…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A raft of economic data and a likely medium-term policy easing from China will give Asian markets direction on Thursday, but the main steer will probably come from investors’ reaction to the Federal Reserve’s ‘hawkish…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A raft of economic data and a likely medium-term policy easing from China will give Asian markets direction on Thursday, but the main steer will probably come from investors’ reaction to the Federal Reserve’s ‘hawkish…
By Samrhitha A and Aditya Soni (Reuters) -Canadian media and telecom firm Bell is cutting 1,300 jobs, shuttering six radio stations and selling another three as revenues dry up at its legacy phone and news business, parent company BCE Inc said on Wednesday. The layoffs will mostly affect management and follow thousands of cuts in…
By Bhanvi Satija and Leroy Leo (Reuters) -Health insurer stocks dropped sharply on Wednesday after UnitedHealth Group said its costs were on the rise due to an increase in surgeries among older adults. Shares of UnitedHealth, the largest U.S. healthcare provider by market value, closed down 6.4% at $459.86, wiping out roughly $29 billion from…
By Jonathan Stempel NEW YORK (Reuters) – A U.S. appeals court in Manhattan on Wednesday said the exiled Chinese businessman Guo Wengui should remain in jail while he awaits trial over an alleged fraud that federal prosecutors have said exceeds $1 billion. The 2nd U.S. Circuit Court of Appeals said it did not have a…
By Agnieszka Pikulicka-Wilczewska WARSAW (Reuters) – Abortion rights supporters marched through several cities in Poland on Wednesday after the death of a pregnant woman whose family believe she could have survived if she had been offered a termination. Protesters chanted “stop killing us” as they marched through the capital Warsaw towards the health ministry headquarters,…
(Reuters) – Lennar Corp on Wednesday raised its full-year forecast for home deliveries, as the homebuilder benefits from upbeat demand that far outpaced supply. Shares of the company were up nearly 3% at $118 aftermarket. Homebuilders are benefiting from the lack of existing home inventory and pent up demand they were unable to meet in…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices fell more than expected in May as the costs of energy goods and food declined, signaling that inflation pressures were abating throughout the economy and could eventually provide relief to consumers. The report from the Labor Department on Wednesday also showed the annual increase in producer…
