By Abigail Summerville (Reuters) – The private equity owners of popular emergency contraception pill Plan B, Foundation Consumer Healthcare, have hired advisors to explore options including a potential sale of the company, a person familiar with the matter told Reuters. A sale could value the company at more than $4 billion, the source said, adding…
(Reuters) – Raymond James missed quarterly profit estimates on Wednesday as Wall Street’s prolonged dealmaking slump impacted its investment banking business, sending its shares down 2% in extended trading. Investment banking revenue in the third-quarter ended June 30 fell 35% to $141 million, compared to a year earlier. M&A activity came to a near standstill…
By Trevor Hunnicutt and Idrees Ali WASHINGTON (Reuters) -U.S. President Joe Biden has ordered his administration to begin sharing evidence of alleged Russian war crimes in Ukraine with the Hague-based International Criminal Court (ICC), a U.S official said on Wednesday. The Pentagon had been resistant to the move and privately argued that any cooperation with…
By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell in June after three straight monthly increases, but the trend remained strong as an acute shortage of previously owned homes underpins demand. New home sales dropped 2.5% to a seasonally adjusted annual rate of 697,000 units last month, the Commerce Department said…
By David Morgan and Katharine Jackson WASHINGTON (Reuters) – The Republican-controlled U.S. House of Representatives began debating the first of 12 fiscal 2024 spending bills on Wednesday, as lawmakers edged toward a looming showdown with the Democratic-led Senate that could trigger a government shutdown this autumn. The House voted 217-206, roughly along party lines, to…
By Jeffrey Dastin (Reuters) – Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Microsoft and Google in a key area of artificial intelligence, an executive told Reuters. The company also announced new AI tools on Wednesday, including a program for building more conversational customer-service agents, technology access from…
By Milana Vinn and Anirban Sen NEW YORK (Reuters) -Broadcast Music Inc (BMI), the music rights company representing top songwriters such as Lady Gaga, Taylor Swift and Rihanna, is once again exploring options including a sale after it ditched its non-profit model, people familiar with the matter said. BMI has turned to Goldman Sachs Group,…
WASHINGTON (Reuters) – The first of 12 fiscal 2024 spending bills overcame a procedural hurdle in the Republican-controlled U.S. House of Representatives on Wednesday, as lawmakers edged toward a looming showdown with the Democratic-led Senate that could trigger a government shutdown this autumn. The House voted 217-206 to approve a rule allowing debate on an…
By Luc Cohen, Jonathan Stempel and Jody Godoy NEW YORK (Reuters) -The British billionaire Joe Lewis pleaded not guilty on Wednesday to orchestrating what prosecutors called a “brazen” insider trading scheme by passing tips about companies in which he invested to friends, private pilots and a former girlfriend. Lewis, 86, whose family trust controls a…
By Jonathan Landay WASHINGTON (Reuters) – The United States and Russia blamed each other for a lack of progress on arms control following a U.S. proposal to open talks on a “framework” that would preserve curbs on strategic nuclear weapons deployments when the current limits expire in 2026. Russia’s apparent rejection of the plan last…
