By Mathieu Rosemain, Chiara Elisei and Laura Lenkiewicz PARIS (Reuters) -Jean-Charles Naouri is set to lose his 30-year grip on debt-laden Casino unless he can come up with cash to see off rival bids for the French retailer, investment bankers and analysts said. French tycoon Xavier Niel and Czech billionaire Daniel Kretinsky are involved in…
(Reuters) – The Consumer Financial Protection Bureau, the top U.S. agency supervising the retail financial services sector, is due to propose in October a long-awaited rule on consumers’ control of their banking data, its director said Wednesday. The rule, called for under 2010’s sweeping Wall Street reform law, is likely to prove crucial to governing…
(Reuters) – The Consumer Financial Protection Bureau, the top U.S. agency supervising the retail financial services sector, is due to propose in October a long-awaited rule on consumers’ control of their banking data, its director said Wednesday. The rule, called for under 2010’s sweeping Wall Street reform law, is likely to prove crucial to governing…
(This June 12 story has been refiled to say Republican supporters, not Trump supporters in paragraph 3) By Jason Lange WASHINGTON (Reuters) – A vast majority of Republicans believe federal criminal charges against Donald Trump are politically motivated, according to a Reuters/Ipsos poll completed on Monday that also showed him far ahead of his nearest…
By Nandhini Srinivasan and Khushi Mandowara (Reuters) – More than 109,000 Americans died from drug overdoses in the 12-month period ending January 2023, a slight increase from the previous year, according to provisional data from the U.S. Centers for Disease Control and Prevention (CDC) released on Wednesday. The figure is up 0.7% from 108,825 overdoses…
By Julie Zhu HONG KONG (Reuters) -Bill Gates, Microsoft Corp’s co-founder, is set to meet Chinese President Xi Jinping on Friday during his visit to China, two people with knowledge of the matter said. The meeting will mark Xi’s first meeting with a foreign private entrepreneur in recent years. The people said the encounter may…
By Leah Douglas WASHINGTON (Reuters) – The U.S. Department of Agriculture will temporarily close a damaged laboratory building at its flagship Maryland research site, a spokesperson told Reuters, shortly after employees filed a federal complaint alleging unsafe work conditions there. Reuters exclusively reported on May 19 that employees at the Beltsville Agricultural Research Center (BARC),…
By Pete Schroeder WASHINGTON (Reuters) – A top U.S. bank regulator said on Wednesday that while banks have strengthened their liquidity after the spring banking crisis, firms must remain on guard for looming risks. Michael Hsu, the acting head of the Office of the Comptroller of the Currency (OCC), said banks specifically need to re-examine…
PARIS (Reuters) – LVMH Chairman and CEO Bernard Arnault’s five children are increasingly stepping into the spotlight as they move up the ranks of the luxury empire. All five of the Arnault children hold key management roles at brands in the company. DELPHINE ARNAULT, 48, became chairman and ceo of fashion label Christian Dior Couture…
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -Shell said it will ramp up its dividend and share buybacks while keeping oil output steady into 2030, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan. Shell will increase its overall shareholder distribution to 30% to 40% of cash…
