Citadel portfolios post gains in May -investor
NEW YORK (Reuters) – U.S. hedge fund Citadel’s flagship portfolio posted a 6.14% return in the first five months of…
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White House says it will win Merck lawsuit, defends Medicare drug negotiations
WASHINGTON (Reuters) – The Biden administration is confident it will succeed in the courts against Merck & Co’s lawsuit filed…
US passenger railroad Amtrak CEO says ridership near pre-pandemic levels
By David Shepardson WASHINGTON (Reuters) – Amtrak CEO Stephen Gardner said on Tuesday the U.S. passenger railroad expects traffic to…
U.S. regulators issue final guidelines to banks for third-party risk management
(Reuters) – Top U.S. regulators on Tuesday issued final guidelines to help banks manage risks associated with their relationships with…
US bond giant PIMCO sees chance to expand lending after banking turmoil
By Davide Barbuscia NEW YORK (Reuters) – PIMCO said on Tuesday that this year’s banking turmoil has created opportunities for…
Stocks edge up as Aussie hike provides rates reminder
By Marc Jones and Koh Gui Qing LONDON/NEW YORK (Reuters) – World shares edged higher on Tuesday as investors mulled…
Rocky history of Illumina’s Grail deal
(Reuters) – Gene-sequencing machine maker Illumina Inc has filed an appeal against an order from the U.S. Federal Trade Commission…
Russian budget deficit narrows to $42 billion after May surplus
By Darya Korsunskaya and Alexander Marrow (Reuters) -Russia recorded a marginal budget surplus in May, enabling it to slightly reduce…
US bank stocks rebound, regional banking index hits near 7-week high
By Manya Saini (Reuters) -Shares of U.S. banks regained some footing on Tuesday, with one of the top regional banking…
Subway struggles to get big new franchisees to buy its US sandwich shops
By Hilary Russ NEW YORK (Reuters) – Subway is seeking big new franchisees in the United States in a push…