By David Shepardson WASHINGTON (Reuters) – General Motors Co will launch its return-to-work plan for most salaried workers early next year after it faced employee criticism over an earlier planned start date, the largest U.S. automaker said on Monday. GM said the shift will help achieve company goals as it accelerates its transformation and enters…
By Hilary Russ NEW YORK (Reuters) -Yum Brands Inc on Monday said that it reached a deal to sell its KFC restaurants in Russia to a local operator there, paving a path to fully exit the country. The restaurant operator, which also owns the Taco Bell and Pizza Hut brands, will transfer ownership of its…
By Jonathan Stempel, Sarah N. Lynch and Karen Freifeld NEW YORK (Reuters) – U.S. prosecutors have charged two Chinese nationals with trying to obstruct the prosecution of Chinese global telecommunications company Huawei Technologies Co Ltd, according to a person familiar with the case and a federal court filing in Brooklyn. The defendants Guochun He and…
By Hyunjoo Jin SAN FRANCISCO (Reuters) -South Korea’s Mirae Asset Financial Group is planning to commit about 300 billion Korean won ($208 million) to help finance Elon Musk’s $44-billion buyout of Twitter Inc, a person familiar with the matter told Reuters on Monday. The deal with Mirae is expected to be finalized in the coming…
NEW YORK (Reuters) – U.S. prosecutors have charged two Chinese defendants with trying to obstruct the prosecution of a Chinese global telecommunications company, according to a filing in Brooklyn federal court. The defendants Guochun He and Zheng Wang were charged in a criminal complaint dated Oct. 20 and made public on Monday. The telecommunications company…
By Chris Prentice and Amanda Cooper WASHINGTON/LONDON (Reuters) -U.S. shares were mixed on Monday as European markets were lifted by hopes that U.S. interest rates could rise more slowly than previously thought and the dollar weathered another suspected Japanese intervention to rise against the yen. The Dow Jones Industrial Average rose 133.17 points, or 0.43%,…
(Reuters) – U.S. business activity contracted for a fourth straight month in October, with manufacturers and services firms in a monthly survey of purchasing managers both reporting weaker client demand, the latest evidence of an economy softening in the face of high inflation and rising interest rates. S&P Global said on Monday its flash U.S….
By Amruta Khandekar (Reuters) -U.S. stocks were set to open higher on Monday as Treasury yields eased on hopes of a less aggressive Federal Reserve, while investors braced for a busy week of earnings dominated by Big Tech companies. Wall Street’s three main indexes rallied on Friday after a report said the U.S. central bank…
By Amruta Khandekar (Reuters) -U.S. stock index futures reversed losses on Monday as Treasury yields eased on hopes of a less aggressive Federal Reserve, while investors braced for a busy week of earnings dominated by Big Tech companies. Wall Street’s main indexes rallied on Friday after a report said the U.S. central bank will likely…
By Kantaro Komiya TOKYO (Reuters) -Japan’s economic revitalisation minister stepped down on Monday after growing criticism of his failure to fully explain his ties to a church group that critics say is akin to a cult, a move that will be a blow to Prime Minister Fumio Kishida. Daishiro Yamagiwa, the first person to resign…
