By Jacqueline Thomsen WASHINGTON (Reuters) – Texas billionaire Harlan Crow has rejected a Senate committee’s request to detail gifts he or his companies have made to U.S. Supreme Court Justice Clarence Thomas, according to a letter seen by Reuters on Tuesday. “We do not believe the committee has the authority to investigate Mr. Crow’s personal…
SAN FRANCISCO (Reuters) – Uber Technologies Inc will offer driverless cars on its ride-hailing and food delivery platform later this year through a partnership with Alphabet Inc’s Waymo, the companies said. Uber customers will be able to use a set number of Waymo’s driverless vehicles for rides and deliveries within a 180 square mile area…
(Reuters) -GQG Partners has raised its stake in Gautam Adani’s conglomerate by about 10% and will take part in the group’s future fundraising, the U.S. investment firm said on Tuesday. Although the company did not disclose the total value of its stake in its statement, GQG Chief Investment Officer Rajiv Jain told Bloomberg News that…
By Niket Nishant (Reuters) -PacWest Bancorp’s shares rose nearly 13%, extending gains from the previous session driven mostly by news that the lender would sell $2.6 billion worth of its loan portfolio to bolster its finances. The stock was trading up at $7.06 on Tuesday, helping to lift the shares of other regional lenders with…
ZURICH (Reuters) – Credit Suisse senior managers will have their outstanding bonus payments for 2022 either cancelled or reduced following an order issued on Tuesday by the Swiss Finance Ministry. The order affects the top three levels of Credit Suisse management and follows the multi-billion franc state rescue of Switzerland’s second biggest bank. Governments rarely…
By Daniel Trotta (Reuters) – A Florida restaurant that puts on what it calls family-friendly drag performances sued Governor Ron DeSantis and the state of Florida on Monday to halt enforcement of a new law banning minors from attending such shows. Hamburger Mary’s, an Orlando bar and restaurant that presents drag show performances, comedy sketches…
By Federico Maccioni and Alvise Armellini MILAN/ROME (Reuters) – Italy is experiencing a surge in rent prices, the country’s central bank said on Tuesday, against the backdrop of growing student protests over the rising cost of living in big cities. A combination of low salaries, a shortage of housing, the spread of short-term holiday rentals…
By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes jumped to a 13-month high in April, boosted by a persistent shortage of previously owned houses on the market and a sharp decline in prices from last year’s lofty levels. The report from the Commerce Department on Tuesday followed on the heels of…
(Reuters) – Apple Inc said on Tuesday it would host its annual developers’ conference from June 5 to June 9, where the iPhone maker is expected to unveil its latest software updates. The event will take place online, said Apple. (Reporting by Tiyashi Datta in Bengaluru)
By Joseph White DEARBORN, Michigan (Reuters) – Ford Motor Co CEO Jim Farley has yet to convince investors the automaker’s next generation of electric vehicles can hit 2026 profit targets, but he is already worrying about the third generation of Ford EVs that will launch late in this decade. “The third cycle of connected, digital…
