By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Thursday rejected an effort to disqualify the law firm defending JPMorgan Chase & Co against a lawsuit by women who claim they were abused by Jeffrey Epstein and that the bank aided in the late financier’s sex trafficking. U.S. District Judge Jed Rakoff in…
(Corrects syntax in headline) (Reuters) – NBCUniversal’s head of advertising, Linda Yaccarino, is in talks to become the new CEO of Twitter, the Wall Street Journal reported on Thursday, citing people familiar with the situation. (This story has been refiled to capitalize ‘Twitter’ in the headline) (Reporting by Urvi Dugar in Bengaluru; Editing by Shinjini…
SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale of five distribution centers and five stores for 1.3 billion reais ($259.83 million). In a securities filing, the Brazilian arm of French retailer Carrefour SA said the properties will be leased back under 20-year…
By Jarrett Renshaw and Jeff Mason WASHINGTON (Reuters) – A debt limit meeting between U.S. President Joe Biden and top lawmakers that had been scheduled for Friday has been postponed, and the leaders agreed to meet early next week, a White House spokesperson said on Thursday. Aides from both sides have started to discuss ways…
By Herbert Lash NEW YORK (Reuters) -A gauge of global stock performance slid on Thursday after U.S. jobless claims and a modest rise in producer prices suggested a slowing economy, which also pushed Treasury yields lower as it could allow the Federal Reserve to stop raising interest rates. The number of Americans filing new claims…
By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and the S&P 500 fell on Thursday, dragged down by Walt Disney Co which reported weaker subscriber growth and declines in regional bank and energy stocks. Lifting the Nasdaq, shares of Alphabet Inc rose 4.5% a day after Google rolled out more artificial intelligence products to…
By Michael Erman and Bhanvi Satija NEW YORK (Reuters) -Pfizer Inc Chief Executive Albert Bourla on Thursday called U.S. plans to negotiate drug prices for its Medicare health program “negotiation with a gun to your head” and said he expects drugmakers to sue in an attempt to halt the process. “It is not negotiation at…
By Chris Prentice WASHINGTON (Reuters) -U.S. regulators on Thursday slapped units of Bank of Nova Scotia and HSBC Holdings with civil penalties for widespread recordkeeping violations through employees’ use of personal devices and apps for work communications. HSBC Securities Inc and Scotia Capital, registered brokers with the U.S. Securities and Exchange Commission (SEC), have agreed…
HOUSTON (Reuters) – Refiner Citgo Petroleum Corp has reported first quarter net profit of $937 million on strong motor fuel demand, high margins and refining output that exceeded its plants’ listed capacity. The results, compared to a profit of $245 million in the same period last year, continued a string of strong earnings by the…
By Aditya Soni (Reuters) -Walt Disney Co shares fell more than 8% on Thursday as a surprise drop in streaming subscribers fanned worries that the media and entertainment company’s success in stemming losses at the business may be coming at the cost of growth. The decline was set to erase about $15 billion from the…
