By Dietrich Knauth (Reuters) – Credit repair company PGX Holdings Inc was approved for a $12 million bankruptcy loan on Tuesday, which it will use to auction its assets after the U.S. Consumer Financial Protection Bureau successfully challenged its billing practices. U.S. Bankruptcy Judge Craig Goldblatt in Wilmington, Delaware approved the loan, allowing PGX, which…
By Humeyra Pamuk JEDDAH, Saudi Arabia (Reuters) -U.S. Secretary of State Antony Blinken arrived in Saudi Arabia on Tuesday on a mission to steady Washington’s relationship with Riyadh after years of deepening disagreements on issues ranging from Iran and regional security to oil prices. Blinken met with the kingdom’s de-facto ruler, Crown Prince Mohammed bin…
By David Shepardson WASHINGTON (Reuters) -The Biden administration will conduct safety assessments of all major U.S. railroads following the Feb. 3 derailment of a Norfolk Southern operated train in Ohio, according to a letter seen by Reuters on Tuesday. The Federal Railroad Administration (FRA) reviews were sought by Senate Majority Leader Chuck Schumer. They will…
(Reuters) – Salesforce Inc CEO Marc Benioff has made several changes at the business software maker’s top ranks and is attempting to bring back executives who left to join rivals such as Amazon and Oracle, news website Insider reported on Tuesday, citing a memo. Miguel Milano, who moved back from Celonis, has been appointed Salesforce’s…
By Daniel Trotta (Reuters) – The state of Florida on Tuesday acknowledged a role in sending two flights of migrants to California, saying all of them traveled voluntarily. California officials have reported two such flights arriving without warning in the capital Sacramento in recent days, and said the migrants carried documents indicating their transportation involved…
CAIRO (Reuters) – Saudi Arabian Crown Prince Mohammed bin Salman and U.S. Secretary of State Antony Blinken met and discussed bilateral relations, the Saudi state news agency SPA reported early on Wednesday. They also discussed “aspects of cooperation in various fields and developments in regional and international situations”, the SPA added. Blinken arrived in Saudi…
By Patricia Zengerle WASHINGTON (Reuters) -The battle to raise the U.S. debt ceiling rekindled debate in Congress over funding for Ukraine, as House of Representatives Speaker Kevin McCarthy said on Tuesday he had no immediate plans to take up legislation to boost defense spending beyond what was in last week’s deal. McCarthy’s comments could signal…
By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden’s re-election campaign said on Tuesday that a decision by Alphabet Inc’s YouTube to stop policing false claims about fraud in the 2020 race is “reckless” and could lead to violence. “YouTube’s reckless and irresponsible decision will invite further democratic decay and potential violence, and we urge…
(Reuters) -Rob Kindler, a top executive at Morgan Stanley, is leaving the investment bank after a 17-year stint to join a major law firm. The veteran dealmaker will join Paul, Weiss, Rifkind, Wharton & Garrison as the global chair of mergers and acquisitions (M&A), the law firm said on Tuesday. Based in New York, Kindler…
(Reuters) -Rob Kindler, a top executive at Morgan Stanley, is leaving the investment bank after a 17-year stint to join a major law firm. The veteran dealmaker will join Paul, Weiss, Rifkind, Wharton & Garrison as the global chair of mergers and acquisitions (M&A), the law firm said on Tuesday. Based in New York, Kindler…