Banc of California and PacWest to merge, raise $400 million in equity
By Niket Nishant, Nupur Anand and David French (Reuters) – Banc of California and PacWest Bancorp will merge in an…
July 2023
Microsoft charges ahead with spending to serve AI demand
By Yuvraj Malik and Stephen Nellis (Reuters) -Microsoft on Tuesday laid out an aggressive spending plan to meet demand for…
US Senate backs measure requiring reporting on China tech investments
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate overwhelmingly backed legislation on Tuesday that would require U.S. companies to…
Top US Republican McCarthy ponders Biden impeachment probe
By David Morgan WASHINGTON (Reuters) – The top Republican in the U.S. Congress said on Tuesday that he could launch…
Senators propose banning stock trades for US Congress, president
WASHINGTON (Reuters) – Members of the U.S. Congress, the president, vice president and senior executive branch officials and their relatives…
Puerto Rican bank sues NY Fed for suspending account in Venezuela-linked crackdown
By Luc Cohen NEW YORK (Reuters) – The New York Federal Reserve was sued on Tuesday by a Puerto Rican…
Wildfires bring death and destruction to sun-scorched Mediterranean
By Fedja Grulovic and Lamine Chikhi RHODES/ALGIERS (Reuters) – Large areas of the Mediterranean sweltered under an intense summer heatwave…
Alphabet profit beats expectations, CFO Porat to assume new role
By Greg Bensinger, Akash Sriram and Max A. Cherney SAN FRANCISCO (Reuters) -Alphabet’s second-quarter profit exceeded Wall Street expectations on…
Snap shares drop on softer Q3 outlook as app tries to revamp ads
By Sheila Dang (Reuters) -Photo messaging app-owner Snap Inc on Tuesday gave weaker third quarter guidance than analysts had expected…
RTX shares tumble on Pratt & Whitney airliner engine problem
By Valerie Insinna, Mike Stone and Pratyush Thakur (Reuters) -Pratt & Whitney on Tuesday hit fresh turbulence over a problem-plagued…