By Anirban Sen NEW YORK (Reuters) -Lazard Ltd CEO Ken Jacobs is expected to step down from his role and hand the reins to Peter Orszag, who currently runs the investment bank’s financial advisory unit, a person familiar with the matter said on Thursday. Jacobs’ decision to step down comes after Lazard reported a loss…
(Reuters) -Canada’s competition regulator said on Thursday it was suing Cineplex Inc for advertising movie tickets at a lower price than what many consumers actually have to pay. “We’re taking action against Cineplex because misleading tactics like drip pricing only serve to deceive and harm consumers,” said Commissioner of Competition Matthew Boswell. Competition Bureau Canada…
WASHINGTON (Reuters) -A group of U.S. Senate Democrats called on President Joe Biden to prepare to invoke the U.S. Constitution’s 14th Amendment to avoid a debt default if negotiations with Republicans fail, according to a letter released on Thursday. Led by independent Bernie Sanders, who caucuses with the Democrats, the 11 lawmakers said while they…
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Friday a U.S. debt default could trigger market turmoil, and will likely have a huge impact on the global economy. “There’s a chance it would cause turmoil in various markets … and affect a vast array of financial transactions,” Ueda told parliament, when asked…
By Elaine Lies TOKYO (Reuters) – More than a year after escaping her native Kyiv with a broken leg one winter night, Lidiya Bibko lives in a tidy two-bedroom Tokyo flat as one of 2,300 Ukrainians who fled to Japan after the Russian invasion. Japan’s embrace of evacuees like Bibko has been unusual for a…
SAO PAULO (Reuters) – Brazil retailer Americanas SA said on Thursday it will next week start to seek potential bidders for the acquisition of its Hortifruti Natural da Terra (HNT) business unit. In a securities filing, Americanas said it has hired Citigroup Global Markets Brazil as the financial adviser for conducting the process to sell…
By Jeff Mason and Trevor Hunnicutt HIROSHIMA, Japan (Reuters) – The United States and the rest of the “Group of Seven” major economies will unveil new sanctions and export controls targeting Russia over its war against Ukraine, a U.S. official said ahead of a G7 summit in Japan. G7 leaders are gathering in Hiroshima on…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney Co is scrapping plans to build a nearly $1 billion corporate campus in central Florida that would have housed 2,000 employees, according to an e-mail to employees on Thursday, against the backdrop of its ongoing legal battle with Florida Governor Ron DeSantis. Disney parks…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney Co is scrapping plans to build a nearly $1 billion corporate campus in central Florida that would have housed 2,000 employees, according to an e-mail to employees on Thursday, against the backdrop of its ongoing legal battle with Florida Governor Ron DeSantis. Disney parks…
By David Shepardson WASHINGTON (Reuters) -The National Transportation Safety Board on Thursday urged federal and state officials to improve maintenance oversight for more than 10,000 U.S. bridges made of a specific type of steel, based on its review of a 2022 bridge collapse in Pittsburgh. The NTSB said officials should make sure any problems identified…
