(Reuters) -Shopping mall operator Regency Centers Corp said on Thursday it has agreed to buy Urstadt Biddle Properties Inc in an all-stock deal valued at about $1.4 billion, including the assumption of debt and preferred stock. The move will help Regency expand its footprint in grocery-anchored shopping centers in suburban trade areas in the United…
NEW YORK (Reuters) – The Bank of New York Mellon Corporation priced a $500 million debt offering that was underwritten by minority, veteran- and woman-owned investment firms, the bank said in a statement on Thursday. The offering of senior medium-term bank notes — typically handled by the world’s largest lenders — will be led entirely…
By Kirsty Needham SYDNEY (Reuters) – U.S. President Joe Biden telephoned his Papua New Guinea counterpart James Marape on Thursday after cancelling a historic meeting in the Pacific islands nation to tell him Secretary of State Antony Blinken would travel in his place, the two leaders said. Pacific island leaders will meet Indian Prime Minister…
(Reuters) – Bath & Body Works Inc beat first-quarter profit expectations on Thursday, as higher product prices outweighed cost pressures and a slowdown in demand, sending its shares up over 9% in premarket trading. Specialty retailers such as Bath & Body Works have selectively raised prices to shield profit margins from spiraling costs associated with…
By Ruma Paul and Sudarshan Varadhan DHAKA (Reuters) – Apparel makers in Bangladesh are considering rare bulk exports by air to Europe and the United States, as they race to meet deadlines and avoid cancellations after a cyclone delayed shipments, caused power cuts and disrupted production. The crunch could disrupt summer clothes supplies for retailers…
By Daniel Trotta (Reuters) – Oklahoma’s governor has signed into law a bill making it a felony to provide gender-affirming healthcare to a minor. Indiana has enacted a law requiring teachers to tell parents when students ask to be called by a new name or different pronoun. North Dakota has approved a law that lets…
WASHINGTON (Reuters) – U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy, the top Republican in Washington, hope to finalize a deal on the debt ceiling after Biden returns from the Group of Seven meeting in Japan on Sunday. The debt ceiling bill Republicans have passed in the House and Democrat Biden’s 2024…
By James Oliphant WASHINGTON (Reuters) -Florida Republican Governor Ron DeSantis will officially enter the 2024 U.S. presidential race next week, according to two sources familiar with the decision, immediately becoming Donald Trump’s biggest rival for the Republican nomination and shaking up a contest that largely has been one-sided. DeSantis will likely file paperwork declaring his…
By Howard Schneider AMELIA ISLAND, Florida (Reuters) – The pummeling taken by bank bond portfolios during more than a year of rising interest rates fueled worries this spring after the collapse of Silicon Valley Bank that a spiraling financial crisis might soon develop and crash the U.S. economy. New research, though, indicates those investment losses…
A look at the day ahead in U.S. and global markets from Naomi Rovnick Risk appetite has perked up on global markets thanks to optimism that U.S. Democrats and Republicans are nearing a deal to raise the debt ceiling and avoid an economically catastrophic default. European and Asian shares rose on Thursday, the dollar held…
