U.S. West Coast port labor skirmishes simmer; contract still elusive
By Lisa Baertlein (Reuters) – West Coast seaport employers on Monday criticized worker absences, which they said were slowing work…
Business
Sphere Entertainment to launch immersive content studio in Hollywood
(Reuters) – Sphere Entertainment said on Monday it was launching Sphere Studios in Hollywood to create immersive film content for…
India imposes wheat stock limit to arrest price rise
NEW DELHI (Reuters) -India has imposed a limit on the amount of wheat stocks traders can hold in an effort…
GM to invest $632 million in Indiana plant for future truck production
By David Shepardson (Reuters) – General Motors plans to invest $632 million in its Fort Wayne, Indiana, assembly facility to…
UBS completes Credit Suisse takeover to become wealth management behemoth
By Noele Illien ZURICH (Reuters) -UBS completed its emergency takeover of embattled local rival Credit Suisse on Monday, forging a…
US budget deficit mushrooms in May as revenue falls, Medicare outlays jump
(Reuters) – The U.S. budget deficit swelled in May from a year earlier as revenue tumbled and Medicare spending surged,…
Argentina inflation seen speeding up in May, bucking regional trend
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate likely sped up to 8.8% in May, according to…
Exclusive-Broadcom set to win EU nod for $61 billion VMware deal, sources say
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is set to gain conditional EU antitrust approval for its…
Silvio Berlusconi, former Italian prime minister and media mogul, dies at 86
By Emilio Parodi, Elvira Pollina and Alvise Armellini MILAN (Reuters) -Silvio Berlusconi, the billionaire media mogul and former Italian prime…
Goldman Sachs CEO says U.S. economy ‘more resilient’ than expected
(Reuters) -Goldman Sachs Chief Executive David Solomon told CNBC on Monday that the U.S. economy has been more resilient than…