By Nate Raymond (Reuters) – A group founded by the conservative activist instrumental in the U.S. Supreme Court’s June decision rejecting affirmative action in collegiate admissions on Wednesday sued an Atlanta-based venture capital fund that supports Black women who own small businesses, accusing it of unlawful racial discrimination. The nonprofit American Alliance for Equal Rights,…
DUBAI (Reuters) -Iran’s Revolutionary Guards’ navy has unveiled new vessels equipped with 600-km range missiles at a time of rising tensions with the U.S. in the Gulf, the semi-official Tasnim news agency reported on Wednesday. The announcement was made during a military exercise off the coast of Abu Musa island, one of three Gulf islands…
By Huw Jones LONDON (Reuters) – A global body on Wednesday proposed its first set of comprehensive rules for auditing climate-related company disclosures in an anticipated move regulators have said is crucial for giving investors information free of greenwashing. Stricter European Union, U.S. and global rules are being introduced over coming months to replace a…
By Tatiana Bautzer and Shankar Ramakrishnan NEW YORK (Reuters) – UBS Group is laying off employees from Credit Suisse’s investment bank this week in New York, a source familiar with the situation said. The source declined to specify the scale of layoffs and the specific businesses affected. On top of the layoffs in New York,…
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission (SEC) has warned some broker dealers to strengthen policies and controls that guard against money laundering, including by taking more care to conduct customer due diligence when opening accounts. SEC examiners said some broker dealers have not devoted enough resources, including staff, to their anti-money…
By Elissa Welle (Reuters) -Eye care firm Bausch + Lomb does not expect to do another big deal for around a year after it completes its $1.75 billion deal for dry eye drug Xiidra, recently rehired chief executive Brent Saunders said on Wednesday. Noted dealmaker Saunders has already announced two acquisitions since joining the company…
By David Shepardson (Reuters) -United Auto Workers (UAW) President Shawn Fain said on Tuesday the union was seeking ambitious benefit increases in contract talks with the Detroit Three automakers, including double-digit pay rises and defined-benefit pensions for all workers. The UAW presented its economic demands to Chrysler-parent Stellantis on Tuesday and will make presentations to…
By Safiyah Riddle (Reuters) – U.S. housing vacancy rates edged lower in the second quarter, according to a government report on Wednesday, intensifying a nationwide housing shortage that has propped up rents and home prices against the downward pressure of high mortgage rates. The national homeowner vacancy rate was 0.7%, little changed from a record-low…
(Reuters) -The U.S. National Institutes of Health (NIH) said on Wednesday that Jeanne Marrazzo had been selected to head its infectious diseases institute, months after its long-time director Anthony Fauci stepped down from the position. Fauci is the top U.S. infectious disease official who became the face of America’s response to the COVID-19 pandemic under Presidents…
(Reuters) -Britain’s competition regulator said on Wednesday it was investigating Cameco Corp and Brookfield Renewable Partners’ $7.9 billion deal to acquire nuclear power plant equipment maker Westinghouse Electric. The Competition and Markets Authority (CMA) said it had invited comments on the deal from interested parties. It did not give any further details. The deal was…
