(Reuters) – The New York Times said on Monday it is disbanding its sports desk and will rely on The Athletic for daily coverage of the beat, a move the newspaper said would not result in any layoffs. The Gray Lady has been looking to trim costs as advertisers dial back spending and consumers rethink…
By Steve Holland and Gerhard Mey LONDON/WINDSOR, England (Reuters) -U.S. President Joe Biden made a whistle-stop trip to Britain on Monday, hailing the “rock-solid” friendship with Washington’s close ally before meeting King Charles for a discussion with the monarch and finance chiefs on tackling climate change. Biden’s visit to Britain kicked off a three-nation trip…
By Doyinsola Oladipo NEW YORK (Reuters) – Amazon.com Inc is partnering with travel booking site Priceline to offer discounts during Tuesday’s Prime Day, the first time an online travel agency has participated in the shopping event. Retail spending has slowed, but U.S. consumers have kept spending on experiences like travel. Amazon is broadening its offerings…
By Svea Herbst-Bayliss and Anirban Sen (Reuters) -Morgan Stanley has hired senior investment banker Marco Caggiano from JPMorgan Chase & Co, where he led the bank’s North America mergers and acquisitions (M&A) business, people familiar with the matter said on Monday. Caggiano, a veteran investment banker who spent 23 years with JPMorgan, will join Morgan…
(Reuters) – UK-based Revolution Beauty said on Monday it could reach a settlement with top shareholder Boohoo over board changes in the coming days, after the beauty products retailer said it will hold a general meeting on Aug. 7. British online fashion retailer Boohoo had in late June urged the company to call for a…
By Tim Hepher TOULOUSE, France (Reuters) – Europe’s Airbus inaugurated a new assembly line for its A321neo jetliner in southwest France on Monday, granting a new lease of life to the deserted home of the defunct A380 superjumbo as it basks in record demand for smaller jets. Speaking in the cavernous Jean-Luc Lagardere plant outside…
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel left short-term borrowing rates unchanged on Monday for the first time since early 2022, as expected, but warned that rates could be hiked further if inflation picked up again. Governor Amir Yaron said that rates would remain high for some time. He also…
NEW YORK (Reuters) – Wells Fargo promoted Dawson Her Many Horses, head of Native American Banking, to managing director, one of the first enrolled tribal members to reach that rank at a major U.S. bank, the lender said on Monday. Her Many Horses was appointed head of Native American Banking in the commercial banking division…
By Sarah N. Lynch WASHINGTON (Reuters) – The federal prosecutor overseeing the criminal case against U.S. President Joe Biden’s son Hunter on Monday said the Justice Department never impeded him from bringing charges, appearing to debunk claims made by an Internal Revenue Service whistleblower. Delaware U.S. Attorney David Weiss in a letter to Republican Senator…
(Reuters) – Larry Nassar, the disgraced doctor of USA Gymnastics who was convicted of sexually abusing young female gymnasts, has been stabbed multiple times by another inmate in prison and was in stable condition on Monday, U.S. media reported. The Federal Bureau of Prisons confirmed that an inmate at the U.S. Penitentiary Coleman in Florida…
