By Daphne Psaledakis and Simon Lewis WASHINGTON (Reuters) -The United States on Friday announced sanctions on more than 300 targets as Group of Seven leaders met in Japan, aiming to punish Russia for its invasion of Ukraine and intensifying one of the harshest sanctions efforts ever implemented. The move, which targets Russia’s sanctions evasion, future…
By Bhanvi Satija and Pratik Jain (Reuters) -Contract drug manufacturer Catalent Inc on Friday slashed its full-year forecasts for profit and sales and delayed its quarterly results for the third time, bruised by a series of missteps at its major production facilities. The company promised to take steps to correct the issues and said it…
(Reuters) -Samsung Electronics will not change the default search engine on its smartphones from Google to Microsoft Corp’s Bing any time soon, the Wall Street Journal reported on Friday, citing people familiar with the matter. Samsung has suspended an internal review that explored replacing Google with Bing on its web-browsing app, which comes pre-installed on…
By Jonathan Stempel NEW YORK (Reuters) – A U.S. appeals court on Friday appeared unlikely to reinstate a lawsuit by Amy Cooper, the white woman who called police on a Black bird-watcher in New York City’s Central Park, accusing her former employer of illegally firing and defaming her. Judges of the 2nd U.S. Circuit Court…
By Ross Colvin (Reuters) -Republican U.S. Senator Tim Scott on Friday entered the 2024 presidential race, joining Donald Trump in the growing list of Republicans seeking to unseat Democratic President Joe Biden. Here is a list of declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. TIM SCOTT The only…
By Moira Warburton WASHINGTON (Reuters) – U.S. Senator Tim Scott on Friday launched a bid for the 2024 Republican presidential nomination. He is the only Black Republican candidate so far, and says he is running as an antidote to racial and cultural divisiveness in the United States. Here are key facts about Scott’s life and…
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Friday that the aftereffects of recent banking sector troubles takes some pressure off the U.S. central bank to raise rates. Tighter credit conditions mean that “our policy rate may not need to rise as much as it would have otherwise to achieve our goals,” Powell…
By Daniel Wiessner (Reuters) – A U.S. labor board official has accused the University of Southern California of blocking student athletes from unionizing by not treating them as employees, in the latest case to challenge the longstanding business model of college athletics. The National Labor Relations Board’s Los Angeles office in a complaint announced late…
(Reuters) – Morgan Stanley will likely appoint its next CEO in the next 12 months, its current Chief Executive James Gorman said on Friday. Gorman, 64, told shareholders that the Wall Street firm’s board has identified three strong candidates to succeed him. Gorman will become executive chairman once a new CEO is chosen. Here are…
By Andy Sullivan LAKE CHARLES, La. (Reuters) -In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for spending cuts. Back home in Louisiana, it’s a different story. The cowboy-hat wearing conservative regularly highlights federal funding for hospitals, bridges and ports in his district, while voting against the spending bills that include them…
