(Repeats Feb 16 story with no changes to text) By Medha Singh and Manas Mishra (Reuters) – U.S.-based Eli Lilly and Denmark’s Novo Nordisk have struck gold with their weight-loss drugs, sending their shares to stratospheric levels and putting them on par with some high-growth tech stocks. Retail and institutional investors alike have flocked to…
By Anirban Sen and Michelle Price NEW YORK/WASHINGTON (Reuters) -Warren Buffett-backed U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 billion to create a global payments giant, the companies said on Monday. The deal, which is expected to receive intense antitrust scrutiny,…
By Shariq Khan NEW YORK (Reuters) -Brent crude oil prices settled slightly higher in an abbreviated session on Monday, as lingering supply concerns from tensions in the Middle East were offset by signs of weakening demand. Oil markets’ saw thinner volumes than usual due to the Presidents’ Day holiday in the U.S., UBS analyst Giovanni…
By Nell Mackenzie LONDON (Reuters) -World shares struggled to climb on Monday after the chances of early interest rate cuts globally receded and Chinese markets recorded modest gains on their return from the lunar new year break. A holiday for U.S. markets made for thin trading, and results from AI star Nvidia on Wednesday could…
SHANGHAI/SINGAPORE (Reuters) -China’s central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing’s room to manoeuvre on monetary policy. Beijing is striking a delicate balancing act to support the economy at a time…
By Nathan Layne and Gram Slattery WATERFORD TOWNSHIP, Mich./IRMO, SC. (Reuters) -Donald Trump on Saturday lashed out at the New York judge who ruled he must pay $354.9 million in penalties for fraudulently overstating his net worth to dupe lenders, telling thousands of supporters at a campaign rally the decision was an “election interference ploy.”…
(This Feb. 16 story has been refiled to fix a typo in ‘blank-check’ in paragraph 22) By Jack Queen and Luc Cohen NEW YORK (Reuters) – Donald Trump must pay $354.9 million in penalties for fraudulently overstating his net worth to dupe lenders, a New York judge ruled on Friday, handing the former U.S. president…
By Rajesh Kumar Singh and Kannaki Deka (Reuters) – JetBlue Airways has agreed to appoint two members from activist investor Carl Icahn’s firm to its board, avoiding a proxy fight. The 88-year-old Icahn, who goes after undervalued companies, has not spelled out the strategy he wants JetBlue to embrace. On Monday he disclosed a stake…
(Reuters) -The Biden administration is in talks to award more than $10 billion in subsidies to Intel Corp, Bloomberg News reported on Friday, citing people familiar with the matter. Negotiations are underway, and Intel’s award package will likely include both loans and direct grants, according to the report. The U.S. Department of Commerce, which oversees…
(Reuters) -JPMorgan Chase and Co will pay civil penalties of about $350 million to regulators for reporting incomplete trading data to surveillance platforms, it said in a regulatory filing on Friday. In a response to government inquiries about its trading processes, the lender said certain trading and order data through its Corporate and Investment Bank…
