By Svea Herbst-Bayliss NEW YORK (Reuters) – Software company Enfusion Inc is attracting takeover interest from private equity firms and strategic buyers, several people familiar with the matter said. Enfusion’s management has been approached in recent months by Francisco Partners, Vista Equity Partners and investment firm Irenic Capital Management, said the sources who asked not…
(Reuters) -Illumina Inc has commenced job cuts, the genetic sequencing equipment maker said on Monday, as it looks to cushion the impact of sticky inflation and a strong dollar on its business. The company also intends to further cut workforce in the third quarter and reducing its real estate footprint in California as part of…
(Reuters) – AutoZone Inc CEO Bill Rhodes will step down in January next year after leading the company for more than 18 years, the U.S. car parts retailer said on Monday. Another company veteran, Philip Daniele, currently vice president of merchandising, marketing and supply chain teams, will succeed Rhodes. Rhodes will transition to the role…
By Anirban Sen (Reuters) -Canadian private equity firm Brookfield’s reinsurance arm is nearing a deal to buy insurer American Equity Life Holding, a person familiar with the matter told Reuters on Monday. Brookfield has made a cash-and-stock offer that is set to be recommended by the American Equity board, the person said, requesting anonymity. Shares…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Tuesday are set to open on the defensive, pressured by worries over inflation and ‘higher for longer’ interest rates globally more than fallout from the brief uprising by Russian mercenaries against the…
By Blake Brittain (Reuters) – Fast-food chain Taco John’s and New Jersey-based Gregory’s Restaurant & Bar urged the U.S. Trademark Office on Friday to reject petitions by Taco Bell to cancel their federal trademarks covering the phrase “Taco Tuesday.” Taco Bell had publicized its effort as a bid to “liberate” the phrase for restaurant owners….
By Gary McWilliams HOUSTON (Reuters) -A U.S. judge on Monday signaled he was prepared to go ahead with selling Venezuela-owned oil refiner Citgo Petroleum’s assets to satisfy creditor claims while pushing back against one of Venezuela’s key objections. U.S. District Court Judge Leonard Stark also will not seek permission to launch the auction without having…
AMSTERDAM (Reuters) – Dutch computer chip equipment maker ASML may refuse job applicants on the basis of their nationality when required to do so by U.S. export rules, a Dutch human rights body has found. The decision by the Netherlands’ Institute for Human Rights affirmed that ASML may reject job applicants from Iran, Syria, Cuba…
By Stephen Culp NEW YORK (Reuters) – Wall Street lost ground on Monday and crude prices advanced as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. All three major U.S. stock indexes ended red, with megacap momentum stocks pulling the tech-heavy…
By Huw Jones and Simon Jessop LONDON (Reuters) – Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on Monday have been written by the International Sustainability Standards Board (ISSB) as trillions…
