By Nathan Gomes (Reuters) -Carvana shares closed up 40.2% at $55.80 on Wednesday after the troubled used-car retailer struck a deal with most of its term bondholders to cut its outstanding debt by more than $1 billion. The agreement, with a group including private-equity firm Apollo, eases some of Carvana’s liquidity issues as it struggles…
By Kanishka Singh WASHINGTON (Reuters) – The United States on Wednesday announced additional security assistance of about $1.3 billion for Ukraine in its war with Russia, the package including air defense capabilities, drones and munitions. “This announcement represents the beginning of a contracting process to provide additional priority capabilities to Ukraine,” the Pentagon said in…
By Alvaro Murillo SAN JOSE (Reuters) – The influence of Mexican drug gangs and increased cocaine output in Colombia have pushed murders toward record levels in Costa Rica, a top official said, casting a shadow over a country that has long been a beacon of stability in the region. Costa Rica closed 2022 with a…
(Reuters) -Pipeline and terminal operator Kinder Morgan on Wednesday posted lower-than-expected second-quarter revenue, hurt by lower commodity prices. Oil and gas prices came under pressure during the April-June quarter as rising interest rates in key economies and a slower-than-expected manufacturing and consumption recovery in China dented fuel demand. Energy output has yet not reached pre-pandemic…
(Reuters) – The U.S. has suspended federal funding to China’s Wuhan Institute of Virology (WIV) for failing to provide documentation related to concerns over biosafety protocol violations at the facility that has faced questions for years over the origins of the COVID-19 pandemic. The U.S. Department of Health and Human Services (HHS) also said it…
(Reuters) – Heritage-Crystal Clean said on Wednesday it has agreed to be acquired by private equity firm J.F. Lehman & Co for about $1.2 billion in cash, sending the waste management services company’s shares up 7.3% in extended trading. Heritage-Crystal, that provides parts cleaning and hazardous and non-hazardous waste services, said J.F. Lehman would pay…
By Brad Brooks (Reuters) -The president of Stanford University, one of the most prestigious U.S. schools, announced plans on Wednesday to resign his post after an independent review ordered by its board of trustees found flaws in his research as a neuroscientist. Marc Tessier-Lavigne said in a letter to the university community that he would…
By Chavi Mehta (Reuters) – Enterprise software provider IBM’s second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by a decline in sales of its mainframe computers as businesses cut tech spending. IT companies have warned of more pain as businesses striving to cut costs in the face of rising inflation snip…
WASHINGTON (Reuters) -Microsoft, which is seeking to wrap up its acquisition of game-maker Activision Blizzard, urged the U.S. Federal Trade Commission to withdraw a case against the deal that the agency had brought before an internal FTC judge, according to a motion posted to the FTC’s website on Wednesday. Microsoft and Activision on Wednesday extended…
By Hongji Kim and Phil Stewart PAJU, South Korea/WASHINGTON (Reuters) -U.S. officials scrambled on Wednesday to determine the fate of an American soldier who made an unauthorized crossing into North Korea, handing Washington a new crisis in its dealings with the nuclear-armed state. State Department spokesperson Matthew Miller told a regular briefing the Pentagon had…
