LONDON (Reuters) – Former Barclays investor Edward Bramson on Friday questioned how the British bank and its chairman Nigel Higgins vetted its ex-CEO Jes Staley over his earlier business ties to sex trafficker Jeffrey Epstein. Activist investor Bramson said in a letter seen by Reuters that Higgins had told him that he had never asked…
By Noel Randewich and Akash Sriram (Reuters) – Amazon’s stock rallied to its highest in more than two months on Friday after a research firm predicted the online heavyweight’s retail business in North America is set to beat Wall Street’s estimates. Amazon’s shares climbed 4% to $108, their highest since Feb. 3, giving the Seattle…
(Reuters) – BlackRock Inc Chief Executive Officer Larry Fink sold nearly 7% of his stake in the asset management giant, netting proceeds of about $25 million. The sale was disclosed in a filing with the U.S. Securities and Exchange Commission on Thursday. Last week, the New York-based company reported an 18% drop in its first-quarter…
By Joseph White DETROIT (Reuters) -United Auto Workers union President Shawn Fain said on Friday there is “no excuse” for Detroit’s automakers to set up electric vehicle operations and ventures that are not unionized. Fain also told the Detroit Automotive Press Association that Stellantis NV’s decision to idle an assembly plant in Belvidere, Illinois, is…
WASHINGTON (Reuters) – U.S. Homeland Security Secretary Alejandro Mayorkas said Friday that the agency would create a task force to figure out how to use artificial intelligence to do everything from protecting critical infrastructure to screening cargo to ferret out products made with slave labor. While artificial intelligence isn’t new, the sudden popularity of OpenAI’s…
(Reuters) – The cost of insuring exposure to United States sovereign debt rose to the highest level since 2011 on Friday, over market jitters that the government could hit its debt ceiling sooner-than-expected. Spreads on U.S. five-year credit default swaps widened to 51 basis points, data from S&P Global Market Intelligence showed. This is more…
By Mike Scarcella (Reuters) – Amazon.com Inc on Thursday defeated a private lawsuit in Seattle federal court that accused the national retailer of a scheme to curb competition for shipping and fulfillment services, causing consumers to pay more for purchases in violation of U.S. antitrust law. U.S. District Judge Ricardo Martinez in his ruling said…
By Jessica DiNapoli and Ananya Mariam Rajesh (Reuters) -Procter & Gamble Co’s customers, particularly in the United States, continued to show little resistance to repeated price hikes helping the Tide detergent maker boost its sales forecast and third-quarter margins. The maker of Pampers diapers, Pantene shampoo and Oral-B toothpaste raised average prices across its categories…
By Anait Miridzhanian and Carien du Plessis JOHANNESBURG (Reuters) – Ukrainian activist Oleksandra Romantsova this week suggested to South African officials that it would be better for Russian President Vladimir Putin to dial in to this year’s BRICS summit in South Africa rather than attend in person. The International Criminal Court (ICC) issued an arrest…
By Callaghan O’Hare (Reuters) – The day after her 22d birthday, a woman sits under a blanket clutching her abdomen in a room lit by a single lamp. A little more than 18 weeks pregnant, she has traveled nearly nine hours from her home to Missoula, a college town in the western Montana mountains, for…
