(Reuters) – Mattel Inc’s Fisher-Price brand on Monday reannounced the recall of about 4.7 million “Rock ‘n Play” sleepers, following at least eight more deaths that occurred after the original recall in 2019. The product was launched in 2009 and first recalled a decade later after more than 30 infant fatalities were reported. A total…
By David Carnevali (Reuters) – Private equity firms that deemed drug development too risky for their liking in the past are increasingly investing in the sector, raising dedicated funds and coming up with deals that compensate them for the uncertainty involved. These firms are seeking to capitalize on the growing gap between the supply of…
By Nate Raymond (Reuters) -The U.S. Supreme Court on Monday declined to again hear a multi-billion dollar case pursued by shareholders of Fannie Mae and Freddie Mac arising from the federal government’s takeover of the mortgage finance firms during the 2008 financial crisis. The justices turned away an appeal by the investors of a lower…
FRANKFURT (Reuters) – Activist investment fund Inclusive Capital Partners, run by hedge fund veteran Jeffrey Ubben, said on Monday it had acquired a 0.83% stake in Bayer, as the German drugs and agriculture group continues to suffer from a weak market value. Inclusive Capital said in a statement it had acquired 8.18 million Bayer shares…
(Reuters) – Credit Suisse Group AG is close to an agreement to acquire former Citigroup executive Michael Klein’s advisory boutique, Bloomberg News reported on Monday. The Swiss bank will value M. Klein & Company at around a few hundred million dollars, the report said, citing people familiar with the matter. Credit Suisse declined to comment…
KYIV (Reuters) – Ukraine has exported almost 23.6 million tonnes of grain so far in the 2022/23 season, down from the 33.5 million tonnes exported by the same stage of the previous season, agriculture ministry data showed on Monday. The volume included around 8.6 million tonnes of wheat, 13.3 million tonnes of corn and about…
By Nick Carey LONDON (Reuters) – Rolls-Royce on Monday reported record sales last year despite an average price tag of around $534,000 for its luxury cars and a drop in Chinese demand, with orders stretching into 2023. The British carmaker, which began as Rolls-Royce in Manchester, England nearly 120 years ago and is now owned…
By Carolina Pulice and Tatiana Bautzer MEXICO CITY/SAO PAULO (Reuters) -Brazilian assets face fresh volatility on Monday after supporters of former President Jair Bolsonaro stormed key government buildings, echoing the U.S. Jan. 6 insurrection of 2021, analysts said. Images of the coordinated invasion on Sunday afternoon, which overwhelmed law enforcement and left the Supreme Court…
CAIRO (Reuters) -Shipping traffic in the Suez Canal was proceeding normally on Monday after tugs towed a cargo vessel that broke down during its passage through the waterway, the Canal Authority said. The breakdown was expected to cause only minor delays, with convoys of ships resuming regular transit by 11:00 local time (09:00 GMT), shipping…
DUBAI (Reuters) -Efforts are under way to refloat a cargo vessel carrying grain from Ukraine that has run aground in the Suez Canal, the chairman of the Suez Canal Authority told Al-Arabiya TV on Monday. The M/V Glory ran aground while joining the southbound convoy transiting through the canal and tug boats are trying to…
