JPMorgan CEO Dimon says bank is convening a ‘war room’ on debt ceiling
NEW YORK (Reuters) -JPMorgan Chase & CO CEO Jamie Dimon said on Thursday the bank is convening weekly meetings to…
Business
Italy discusses break-up rescue for Eurovita – sources
MILAN (Reuters) – Italian authorities and financial firms on Wednesday discussed plans to rescue Eurovita by dividing up the troubled…
Labor unions ask UN body to probe Starbucks’ use of legal loopholes
By Hilary Russ NEW YORK (Reuters) – Labor unions on Thursday asked a United Nations agency to investigate whether gaps…
Telecom Italia CEO says service business can stand on own two feet
MILAN (Reuters) – The head of Telecom Italia (TIM) said the company’s service business is “already sustainable” as a standalone…
US producer prices increase moderately in April
WASHINGTON (Reuters) – U.S. producer prices rebounded modestly in April, leading to the smallest annual increase in producer inflation in…
China says willing to work with U.S. on audit deal as challenges loom
By Xie Yu HONG KONG (Reuters) – China’s securities watchdog on Thursday said that it was willing to work with…
Sonos shares crash as forecast fails to strike a chord
(Reuters) – Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a…
Coach bags help Tapestry defy U.S. luxury gloom with forecast raise
By Deborah Mary Sophia (Reuters) -Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases and strong…
Space startup partners with SpaceX to launch commercial space station
By Joey Roulette WASHINGTON (Reuters) – Vast, a startup backed by cryptocurrency billionaire Jed McCaleb, is aiming to launch a…
Italy wrestles with antitrust loophole that could save Amazon a packet
By Alvise Armellini ROME (Reuters) – Italy’s competition watchdog AGCM is trying to close a legal loophole that has allowed…