(Reuters) -Johnson & Johnson said on Monday it had launched an exchange offer under which its stockholders can opt for shares of Kenvue <KVUE.N>, its newly listed consumer health unit. J&J, which currently owns an 89.6% stake in Kenvue, said it intends to split off at least 80.1% of the consumer health company’s shares as…
By Divya Rajagopal and Melanie Burton TORONTO/SYDNEY – A fall in copper prices is having an outsized impact on small and mid-sized miners, forcing many to cut output, and some are now open to raising funds from new investors to ride out the current downtrend, several company executives told Reuters. Copper is set to play…
(Reuters) -Lyft said on Monday it was exploring options for its bikes and scooters unit, including a sale or a strategic partnership, the latest move to help turn around the company that has fallen behind Uber in the North American ride-sharing market. Lyft said it has received “strong inbound interest” for the business that operates…
(Reuters) -AMC Entertainment CEO Adam Aron said on Sunday the company filed a revised petition for a stock conversion plan to address the Delaware court’s concerns over other shareholders. AMC had proposed a plan to allow it to convert preferred stock to common stock and issue millions of new shares. It was sued in February…
By Padraic Halpin DUBLIN (Reuters) -Ryanair on Monday struck a cautious tone about travel demand for the rest of the year and cut its passenger growth forecast due to Boeing delivery delays, after its quarterly profit shot past pre-pandemic levels. Ryanair, which flew a record number of monthly passengers both in May and June, said…
(Reuters) – Most brokerages expect two more 25-basis point rate hikes by the European Central Bank (ECB) as inflation remains sticky and central bank policymakers strike a hawkish stance. The ECB deposit rate now stands at a 22-year high of 3.5% following a 25-basis point hike last month. Its euro short-term rate forwards currently implies…
JERUSALEM (Reuters) – The head of Israel’s main public sector union said on Monday he would meet with other union officials to discuss the possibility of declaring a general strike after parliament ratified a key element in a controversial judicial overhaul plan. Arnon Bar-David, chairman of the Histadrut labour federation, has been trying to mediate…
By Naomi Rovnick, Stefano Rebaudo LONDON (Reuters) -The European Central Bank looks set to pull the rate-hike trigger on Thursday, but what it will do after July is less certain and financial markets are craving some guidance. Euro zone interest rates have risen 400 basis points in the last year to 3.5%, their highest in…
(Reuters) -Clashes flared in parts of Sudan on the 100th day of the war on Sunday as mediation attempts by regional and international powers failed to find a path out of an increasingly intractable conflict. The fighting broke out on April 15 as the army and paramilitary Rapid Support Forces (RSF) vied for power. Since…
By Valerie Insinna WASHINGTON (Reuters) – Boeing executives will face hard questions from investors about whether a recent labor deal reached by Spirit AeroSystems could raise aircraft production costs when the U.S. planemaker releases its second-quarter financial results on Wednesday. Spirit, which produces part of the fuselage of every Boeing passenger jet, reached an agreement…
