By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – U.S. private equity group KKR & Co Inc and Australia’s Macquarie Asset Management are among potential bidders for the waste and recycling management arm of Singapore’s energy group Sembcorp in a deal that could value the unit at around $500 million, said two sources with…
(Reuters) – General Motors Co on Tuesday named former Apple Inc executive Mike Abbott to lead a division that will bring together three software functions within the company. Abbott, whose appointment is effective from May 22, will spearhead development of vehicle and enterprise software technologies. Automakers, including GM and Ford Motor Co, have been increasingly…
WASHINGTON (Reuters) – The Senate Judiciary Committee has asked Texas billionaire Harlan Crow to detail gifts he or his companies have made to U.S. Supreme Court Justice Clarence Thomas, the panel said on Tuesday. “Recent investigative reporting has identified multiple instances in which you or entities you own or control have made payments, purchased real…
WASHINGTON (Reuters) – The U.S. economy is slowing in an “orderly fashion” that should allow inflation to decline even as growth continues, Fed Governor Philip Jefferson said on Tuesday. “The economy has started to slow in an orderly fashion…I am of the view that inflation will start to come down and the economy will have…
By Mahamat Ramadane, Joe Bavier and Emma Farge GOUNGOUR, Chad (Reuters) – When a power struggle between Sudan’s rival military leaders shattered a tenuous peace in her village in Sudan’s western region of Darfur, Halime Yacoub Issac’s first instinct was to take her five children and run. But four days after seeking refuge in neighbouring…
By Arriana McLymore NEW YORK (Reuters) – Amazon said on Tuesday it had begun selling users of mobile games related physical items such as T-shirts and toys as it teamed up with the makers of Pokemon GO to provide merchandise related to a new game. The e-retailer announced a business-to-business program called Amazon Anywhere allowing…
(Reuters) – GlobalFoundries Inc projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping sales of smartphones and other consumer electronics, sending its shares down nearly 5% in premarket trading. The chip industry has struggled in the past few months due to a slowdown in orders from data center…
By Nupur Anand NEW YORK (Reuters) – U.S. home buyers are still committed to their plans to buy a property despite rising interest rates, high inflation and slowing growth, according to a study by Bank of America published on Tuesday. Of the 1,000 respondents surveyed, 54% said they will speed up their home purchase plans,…
By Brendan O’Brien and Tyler Clifford (Reuters) – A Texas man accused of crashing his car into a group of pedestrians near a Brownsville homeless shelter housing migrants, killing eight people, has been charged with manslaughter and aggravated assault, police said on Monday. The driver, identified as 34-year-old George Alvarez, ran a red light, lost…
By Giulio Piovaccari MILAN (Reuters) -Iveco Group is set to loosen ties with U.S. start-up Nikola as it said on Tuesday it was purchasing the full ownership of their joint venture which develops battery electric and fuel cell heavy-duty trucks. The Italian truckmaker and Nikola had formed the joint venture in 2019 to help Iveco,…
