Explainer-Debt ceiling standoff: What happens if Washington falls behind on its bills?
By Jason Lange WASHINGTON (Reuters) -The U.S. government could fall behind on its bills next month – and even default…
Business
US Treasury asks federal agencies for payments clarity as debt ceiling default looms
WASHINGTON (Reuters) – The U.S. Treasury said on Tuesday it is asking other federal agencies for greater clarity and communication…
Standard Chartered CEO: Credit Suisse sale to UBS was ‘surprising’
By Andrew Mills DOHA (Reuters) -Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse to UBS…
EU seeks top court backing in $14 billion tax fight against Apple
By Foo Yun Chee LUXEMBOURG (Reuters) -EU competition regulators appealed to the bloc’s highest court on Tuesday to override a…
Judge throws out shareholder lawsuit against Elon Musk over Twitter buyout
By Jonathan Stempel (Reuters) – A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter…
Judge tosses out some claims in Abbott baby formula litigation
By Jonathan Stempel (Reuters) – Abbott Laboratories persuaded a federal judge to dismiss some claims in nationwide litigation over recalled…
Yelp jumps as activist investor seeks sale or merger with Angi
(Reuters) -Activist investor TCS Capital Management on Tuesday urged Yelp Inc to either explore a sale or a merger with…
Diversified Healthcare Trust shareholder pushes for alternatives to OPI merger
By Svea Herbst-Bayliss NEW YORK (Reuters) – One of Diversified Healthcare Trust’s (DHC) largest shareholders is opposing the real estate…
US judge hearing fight over Amgen deal for Horizon eyes September trial
CHICAGO (Reuters) – The judge who will decide if Amgen can go forward with its $27.8 billion purchase of Horizon…
Private equity firm GTCR amasses $11.5 billion in record fundraise
(Refile to change “customer” to “consumer services” in last paragraph) By Chibuike Oguh NEW YORK (Reuters) -Private equity firm GTCR…