WASHINGTON (Reuters) – The U.S. Treasury Department’s top international official is heading to Europe and Asia this week for talks on current macroeconomic trends and events, and a G7 finance officials meeting, Treasury said in a statement on Thursday. Treasury Undersecretary for International Affairs Jay Shambaugh will attend meetings of the Organization for Economic Cooperation…
By Amy-Jo Crowley, Pablo Mayo Cerqueiro and Andres Gonzalez LONDON (Reuters) – Blackstone is weighing options for Spanish gambling company Cirsa, including an initial public offering (IPO), people familiar with the matter told Reuters. The U.S. buyout group recently invited proposals from investment banks to manage a possible share sale and refinancing of Cirsa’s debt,…
(Reuters) – Lockheed Martin is realigning its space business operations, transitioning from five lines of business to three to enhance speed and effectiveness, the defense contractor said on Thursday. The rejig comes as simmering geopolitical tensions fuel demand from both the United States and international customers. The three lines of business include Commercial Civil Space,…
(Reuters) – The death of a man who was placed in a chokehold by a fellow passenger on a New York City subway train earlier this week has been ruled a homicide by the city’s medical examiner as calls for an arrest in the incident have intensified. The deceased man, identified as 30-year-old Jordan Neely,…
WASHINGTON (Reuters) – U.S. Vice President Kamala Harris on Thursday told the chief executives of tech companies including Microsoft and Google they have a “legal responsibility” to ensure the safety of their artificial intelligence products. Harris and President Biden are open to advancing new regulations and supporting new legislation on artificial intelligence, she said. The…
By Michelle Nichols UNITED NATIONS (Reuters) – The Afghan people are in for a “very difficult year ahead,” warned the top U.S. aid official, as donors grapple with challenging a Taliban administration crackdown on women and girls, more crises around the world and overall less funding. The Taliban seized power in August 2021 as U.S.-led…
(Reuters) – Tens of thousands of people are descending on Omaha, Nebraska to attend the annual shareholder weekend for billionaire investor Warren Buffett’s Berkshire Hathaway Inc. Buffett, 92, and Vice Chairman Charlie Munger, 99, are due to answer about five hours of shareholder questions at Berkshire’s annual meeting on Saturday. The meeting will be broadcast…
(Reuters) – PacWest Bancorp said late on Wednesday that it was in talks with potential partners and investors about strategic options after shares of the lender and several other U.S. regional banks tumbled amid fears of a worsening banking crisis. It has not experienced any unusual deposit outflows since the sale of First Republic Bank…
(Reuters) -Johnson & Johnson’s consumer health spinoff Kenvue Inc rose 16% and fetched a valuation of about $48 billion in its market debut on Thursday, marking the biggest U.S. initial public offering since 2021. Shares of the Listerine mouthwash maker debuted at $25.53 each, compared with their offer price of $22 apiece. J&J sold 172.8…
(Reuters) – North Carolina’s Republican-dominated House on Wednesday passed and sent to the state Senate a controversial bill limiting most abortions to the first 12 weeks of pregnancy, a sharp drop from the state’s current limit of 20 weeks’ gestation. The bill passed 71-46 along party lines, with one Republican and two Democratic lawmakers not…
