By Anirban Sen and Milana Vinn NEW YORK (Reuters) -KKR & Co Inc is in advanced talks to acquire book publisher Simon & Schuster from Paramount Global for $1.65 billion, according to people familiar with the matter. KKR was competing against bidders including News Corp-owned HarperCollins Publishers for Simon & Schuster and investor Richard Hurowitz,…
By Andrew Chung (Reuters) – U.S. Senate Democrats on Thursday pushed back against Supreme Court Justice Samuel Alito’s recent public comments rejecting the ability of Congress to regulate the justices’ ethics, urging his recusal in any cases concerning legislation on the subject. Judiciary Committee Chairman Dick Durbin and nine other Democrats on the panel sent…
By Diane Bartz WASHINGTON (Reuters) -Texas won a round in its antitrust lawsuit with Alphabet’s Google on Thursday after a U.S. judicial panel refused to pause a decision to return the lawsuit to federal court in Texas. The U.S. Judicial Panel on Multidistrict Litigation decided in June to agree to a Texas request to send…
(Reuters) -Agricultural chemical and seed company Corteva cut its annual sales expectations as demand for its crop protection products showed signs of contraction. Rise in carrying cost of stock for distributors driven by higher interest rates and improved product availability have taken a toll on demand for crop protection products such as herbicide and insecticide….
MONTREAL (Reuters) -Canada’s Bombardier on Thursday reported a quarterly profit that beat expectations, boosted by demand for flying and maintaining private jets, but its free cash flow missed estimates, and its shares closed down 8.49%. The Montreal-based business jet maker reported a second-quarter profit of $10 million from continuing operations, compared with a loss of…
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase expects to set aside about $3 billion to replenish the Federal Deposit Insurance Corporation’s (FDIC) fund once proposed rules are finalized by the bank regulator, the company said in a filing on Thursday. U.S. banking giants are expected to shoulder the bulk of costs to refill the…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Investors in Asia may well have one aim in mind Friday – get through the day unscathed and close out what has perhaps been the first proper ‘risk off’ week since the U.S. regional banking…
(Reuters) – Tupperware Brands said on Thursday it has finalized an agreement with its lenders to restructure its debt obligations in an effort to turnaround its business, sending its shares soaring 57% after the bell. The agreement will help the company to reduce or reallocate about $150 million of cash interest and fees, and would…
By Tim Reid (Reuters) – A lawyer who supported Donald Trump’s attempts to overturn his 2020 election defeat was charged on Thursday with illegally accessing voting machines in Michigan, just hours before the former president was due to appear in a Washington, D.C., court on criminal charges that he conspired to cling on to power….
(Reuters) -The former head of one of New York City’s police unions was sentenced to two years in federal prison on Thursday on a fraud charge in which prosecutors accused him of stealing hundreds of thousands of dollars from the association. U.S. District Court Judge John Koeltl handed down the sentence to Ed Mullins, who…
