By Akash Sriram (Reuters) -New York Times Co signaled on Tuesday that advertising spending was picking up faster than market expectations after the news publisher beat Wall Street estimates for second-quarter results, sending its shares higher by more than 6%. The company has been bundling access to news reports and articles with a diverse portfolio…
By Angelo Amante, Valentina Za and Giuseppe Fonte ROME (Reuters) -Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward deposits. Sharply higher official interest rates have yielded record…
By Khalid Abdelaziz and Nafisa Eltahir (Reuters) -Sudan’s army on Tuesday intensified efforts to gain ground in the capital Khartoum in some of the heaviest fighting since the start of a conflict with a rival military faction that has caused a growing humanitarian crisis. The army has launched air strikes and used heavy artillery since…
By Nandita Bose (Reuters) -President Joe Biden’s top labor adviser, Celeste Drake, has stepped down, according to a source with direct knowledge of the matter, as the administration attempts to maintain labor peace and avoid threatened strikes during an election year. Drake is leaving the White House to serve as the Deputy Director-General of the…
(Reuters) – An overwhelming number of business owners in the United States are looking to expand their insurance coverage amid risks ranging from climate change to cyber attacks, a study by global insurance brokerage Gallagher showed on Tuesday. Around 83% of business owners said they were either actively looking for or are very likely to…
(Reuters) – Home and small business security firm ADT said on Tuesday it will sell its commercial security, fire and life safety unit to private equity firm GTCR for $1.6 billion. ADT expects to use the net proceeds of about $1.5 billion from the deal to cut debt. Its shares rose as much as 1.3%…
By Savyata Mishra (Reuters) -Dish Network said on Tuesday it would merge with satellite operator EchoStar to create a roughly $6 billion company by reuniting billionaire Charlie Ergen’s telecom empire to tackle growing competition from larger U.S. carriers. Since spinning off EchoStar in 2008, Dish has looked to expand beyond satellite TV into streaming TV…
(Reuters) – Boeing delivered fewer airplanes in July than its European rival Airbus, as the U.S. planemaker continued to work through logistics and supply chain disruptions affecting its bestselling 737 narrowbody jet. Boeing said Tuesday it delivered 43 aircraft in July, down from the 60 planes it delivered in June and more than 20 fewer…
MILAN (Reuters) -The Italian government aims to agree a broad plan to 2030 for the country’s automotive industry with carmaker Stellantis and other groups involved by the end of this year, industry ministry sources said on Tuesday. Stellantis CEO Carlos Tavares and Industry Minister Adolfo Urso said last month they were working on a deal…
TOKYO (Reuters) -Apple and Samsung Electronics will invest in SoftBank Group-owned chip designer Arm at its initial public offering (IPO), expected in September, Japan’s Nikkei newspaper reported on Tuesday. Reuters reported in June that Arm was in talks with some ten companies – including Apple, Samsung and Intel – with the aim of bringing on…
