(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…
WASHINGTON (Reuters) – The U.S. Army has 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. Monday’s announcement means two – from a field of five contractors – will get contracts to develop detailed digital designs…
By Blake Brittain (Reuters) – Fast-food chain Taco John’s and New Jersey-based Gregory’s Restaurant & Bar urged the U.S. Trademark Office on Friday to reject petitions by Taco Bell to cancel their federal trademarks covering the phrase “Taco Tuesday.” Taco Bell had publicized its effort as a bid to “liberate” the phrase for restaurant owners….
By Leah Douglas WASHINGTON (Reuters) – The U.S. Department of Agriculture will spend $450 million to expand the production and availability of transportation fuels that are blended with higher volumes of biofuels, the agency said on Monday. The Biden administration sees the expanded use of lower-emission biofuels as critical to decarbonizing the transportation sector. The…
By Ismail Shakil OTTAWA (Reuters) -The aborted mutiny in Russia is an internal issue for Moscow and speculation over it could prove counterproductive, Canadian Prime Minister Justin Trudeau said on Monday, joining Western allies in taking a wait-and-see approach to a revolt that has sown doubt over President Vladimir Putin’s grip on Russia. Senior Russian…
