By Sharon Bernstein (Reuters) – A missing paddle boarder whose body was recovered from a lake in the Massachusetts resort community of Martha’s Vineyard was the personal chef to former President Barack Obama, authorities said. Tafari Campbell, 45, was the subject of a two-day search after a paddle boarder was seen to struggle and go…
By Carolina Mandl and Bansari Mayur Kamdar (Reuters) – The Dow Jones Industrial Average led Wall Street higher on Monday and notched its longest winning streak in six years as investors bet on sectors beyond technology in a week filled with earnings reports and a Federal Reserve meeting. “What you’re seeing now is people broadening…
By Andrew Goudsward (Reuters) -Covington & Burling must identify some clients caught up in a 2020 hack on the law firm to the U.S. Securities and Exchange Commission, a federal judge in Washington ruled on Monday in a case that could impact future cyberattack investigations. U.S. District Judge Amit Mehta ordered Covington to give the…
By Paul Lienert (Reuters) – UK battery startup Nexeon will supply high-energy silicon anode material to Panasonic’s newest U.S. plant starting in 2025, the companies said on Monday. The use of silicon-rich anodes will enable Panasonic battery cells to store more energy and charge more quickly, the companies said. The greater energy density also gives Panasonic…
(Reuters) – The Belarusian ministry of emergency situations is completing the arming and military training of its personnel to be ready to aid the defence and internal ministries in the event of an armed conflict, the head of the emergency ministry said on Monday. Emergency Minister Vadim Sinyavsky told state Belarus 1 television that employees…
PARIS (Reuters) – Luxury giant LVMH unveiled on Monday a deal to sponsor next year’s Olympic Games in Paris with top fashion brands Louis Vuitton and Dior, Moet Hennessy champagne and spirits labels and jeweller Chaumet, which will design medals for the event. The group will also sponsor athletes, including French swimmer Leon Marchand, and…
NEW YORK (Reuters) – Asset manager Rithm Capital has agreed to acquire hedge fund firm Sculptor Capital Management for $639 million, the companies said in a statement on Monday. Rithm will pay $11.15 per class A share of Sculptor, which represents a premium of 18% over Sculptor’s closing price on Friday. Sculptor, once known as…
By Foo Yun Chee BRUSSELS (Reuters) – Apple on Tuesday found itself the target of a 785-million-pound ($1 billion) class action lawsuit brought by more than 1,500 apps developers in the UK over its App Store fees. Apple’s services business, which includes the App Store, has seen revenues grow at a rapid pace in the…
(Reuters) – Chipmaker NXP Semiconductors forecast third-quarter revenue and profit above Wall Street targets on Monday, betting that demand from automakers ramping up production will cushion the hit from a weak consumer electronics market. Growing electrification of cars and the use of advanced driver-assistance systems have kept demand for automotive chips steady, helping NXP, which…
By Fedja Grulovic RHODES, Greece (Reuters) -More than 2,000 holidaymakers were flown home on Monday, tour operators cancelled upcoming trips, and residents took shelter as wildfires raged on the Greek island of Rhodes for the seventh day. Repatriation flights are due to continue into Tuesday as the fires remained out of control. The Civil Protection…
