(Reuters) -SVB Financial Group will not be able to meet the U.S. Securities and Exchange Commission’s deadline for reporting its quarterly results, the bankrupt parent of Silicon Valley Bank disclosed in a filing on Tuesday. On March 17, the company had filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for…
By Chibuike Oguh and Medha Singh (Reuters) -PacWest Bancorp shares regained earlier session losses on Tuesday as investor uncertainty about the financial health of U.S. regional banks underpinned skittish trading in their stocks. PacWest rose 2.3% after losing as much as 10% earlier in the day following a decision by the Los Angeles-based lender to…
By David Shepardson WASHINGTON (Reuters) -Norfolk Southern said on Tuesday it will establish a fund to reimburse homeowners who live near the site of a Feb. 3 train derailment in East Palestine, Ohio who sell their homes for less than what the property was worth before the incident. Norfolk Southern CEO Alan Shaw told senators…
(Reuters) -KKR & Co Inc-backed Envision Healthcare Corp is planning to file for Chapter 11 bankruptcy protection, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The filing, which could be made as soon as this weekend, would wipe out the investment of KKR in the medical staffing firm, the report…
(Reuters) – SVB Financial Group will be unable to meet the U.S. Securities and Exchange Commission’s deadline for its quarterly report for the three months ended March 31, the bankrupt parent of Silicon Valley Bank disclosed in a filing on Tuesday. (Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli)
GEORGETOWN (Reuters) – Guyana’s environmental regulator on Tuesday appealed a court decision that last week declared that the agency and Exxon Mobil unit breached oil-spill insurance obligations for the company’s first offshore project in the country. Guyana’s High Court Justice Sandil Kissoon said in his ruling that Exxon “engaged in a disingenuous attempt” to dilute…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ticked up on Tuesday, reversing a more than 2% drop earlier in the session, as markets weighed U.S. government’s plans to refill the nation’s emergency oil reserve and anticipated higher seasonal demand. Brent crude settled 43 cents, or 0.6% higher, at $77.44 a barrel, while U.S. West Texas…
By Lisa Baertlein LOS ANGELES (Reuters) -Amazon.com is offering U.S. customers $10 to pick up a purchase rather than have it shipped to a home address, as the e-commerce giant joins other retailers in racing to slash costs for home delivery and returns amid slack consumer demand. Amazon said the promotion is not a cost-cutting…
By David Shepardson WASHINGTON (Reuters) – President Joe Biden on Tuesday revoked requirements that most international visitors to the United States be vaccinated against COVID-19 as well as similar rules for federal employees and contractors. Biden’s orders take effect at 12:01 a.m. ET May 12 with the expiration of the U.S. COVID public health emergency….
By Marc Jones and Rodrigo Campos LONDON/NEW YORK (Reuters) – Ecuador sealed the world’s largest “debt-for-nature” swap on record on Tuesday, selling a new “blue bond” that will funnel at least $12 million a year into conservation of the Galapagos Islands, one of the world’s most precious ecosystems. Having bought back roughly $1.6 billion of…
