By Chibuike Oguh NEW YORK (Reuters) – Blackstone Inc said on Thursday it became the first manager of alternative investments such as private equity and real estate to reach $1 trillion in assets, a milestone accompanied by news its second-quarter distributable earnings dropped 39% amid a slump in asset sales. Blackstone achieved its $1 trillion…
By Karen Brettell NEW YORK (Reuters) – The dollar gained against a basket of currencies on Thursday after data showed that the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, boosting expectations the Federal Reserve may continue hiking interest rates if the economy remains strong. Initial claims for state unemployment…
By Viktoria Lakezina and Vitalii Hnidyi MYKOLAIV/NEAR KUPIANSK, Ukraine (Reuters) -Russia jolted world grain markets with an escalation in the Black Sea, mounting a third straight night of air strikes on Ukrainian ports and issuing a threat against Ukraine-bound vessels to which Kyiv responded in kind. At least 27 civilians were reported hurt in the…
By Krystal Hu (Reuters) -Michael Moritz, the storied venture capitalist who sits on the boards of Stripe and Instacart, is leaving Sequoia Capital after 38 years, according to a letter sent to limited partners on Wednesday and viewed by Reuters. Moritz, 68, will now focus on Sequoia Heritage, a $15 billion wealth management fund that…
WASHINGTON (Reuters) -The United States on Thursday said the first offshore wind power auction in the Gulf of Mexico will take place next month, an industry milestone President Joe Biden discussed during a trip to highlight the administration’s efforts to boost clean energy. In February, the United States proposed to expand offshore wind power developments…
(Reuters) – The US Federal Trade Commission is poised to pause its in-house trial against Microsoft Corp’s $69 billion acquisition of Activision Blizzard opening the door to potential settlement talks, Bloomberg News reported on Thursday. Microsoft and FTC did not immediately respond to Reuters requests for comment. (Reporting by Mrinmay Dey in Bengaluru; Editing by…
By Jonathan Stempel (Reuters) – A U.S. appeals court on Thursday said Papa John’s International cannot force a Louisville, Kentucky, pizza delivery driver to arbitrate a claim that he was underpaid by invoking an arbitration agreement he said he never saw. In a 3-0 decision, the 6th U.S. Circuit Court of Appeals in Cincinnati said…
By Fedja Grulovic ATHENS (Reuters) -Wildfires across Greece slowly abated on Thursday after razing swathes of forest and dozens of homes in the past days, but temperatures rose, threatening new outbreaks in tinderbox conditions. With temperatures expected to hit 45 degrees Celsius (113 degrees Fahrenheit) in the coming days, the Culture Ministry said all archaeological…
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines CEO Scott Kirby has acknowledged that the carrier’s pilots are shunning promotion to the captain’s chair, hurting its flight capacity in the fourth quarter, confirming what Reuters reported earlier this week. Multiple pilots at United told Reuters that senior first officers have been avoiding promotion to…
By John Kruzel WASHINGTON (Reuters) -U.S. Senate Democrats on Thursday advanced a bill that would mandate a binding ethics code for the Supreme Court after revelations that some conservative justices failed to disclose luxury trips and real estate transactions, though Republican opposition means it has little chance of becoming law. The Democratic-led Senate Judiciary Committee…
