By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended in positive territory and gold slid on Monday, as investors looked ahead to crucial inflation data and the U.S. Federal Reserve’s two-day monetary policy meeting. In a busy week for central banks, the yen weakened for a second straight day as expectations faded for the…
By Abigail Summerville (Reuters) -An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private, according to a person familiar with the matter on Sunday. Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal…
By Sabrina Valle, Sourasis Bose and Arathy Somasekhar HOUSTON (Reuters) -Occidental Petroleum on Monday agreed to buy closely-held U.S. shale oil producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding its presence in the largest U.S. shale oilfield. The deal comes amid a new wave of shale consolidation underpinned by Exxon…
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) – Ukrainian President Volodymyr Zelenskiy told a U.S. military audience on Monday that he hoped he can still count on the United States and urged Congress not play into Russian President Vladimir Putin’s hands, as he started a critical visit to Washington to shore up security assistance….
By David Shepardson WASHINGTON (Reuters) – Microsoft and the AFL-CIO union federation said Monday they had struck a deal whereby the U.S. software giant will remain neutral in efforts by unions to encourage workers to become members. The two sides will also work together on the future of artificial intelligence, in a first-of-its-kind partnership on…