By Lewis Krauskopf NEW YORK (Reuters) – Worries that have dogged U.S. stocks for months are fading, pushing some Wall Street firms to raise their outlooks for equities and beckoning investors who have remained on the sidelines. Signs of strength in the economy, relief over a deal to raise the U.S. debt ceiling and an…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Treasury Secretary Janet Yellen said on Monday that a failure by Congress to raise the $31.4 trillion federal debt limit would cause a huge hit to the U.S. economy and weaken the dollar as the world’s reserve currency. Asked whether the U.S. Treasury could prioritize payouts…
By Nate Raymond BOSTON (Reuters) – Harvard University on Wednesday lost a bid for an insurer to cover up to $15 million of the costs of defending itself in a lawsuit that led to the U.S. Supreme Court barring it and other colleges from considering race as an admissions factor. The Boston-based 1st U.S. Circuit…
LONDON (AP) — British Prime Minister Liz Truss on Thursday defended her divisive economic plan and shrugged off the turmoil it has stirred in financial markets, saying she’s willing to make “controversial and difficult decisions” to get the U.K. economy growing. In her first public comments since her Conservative government announced billions in unfunded tax…
(Reuters) -T. Rowe Price, a major shareholder in News Corp, said it had strong reservations about Rupert Murdoch’s plan to reunite News Corp and Fox Corp, The New York Times reported on Friday, joining other investors in dissent over the plan. T. Rowe Price told the newspaper that a merger of the two companies would…
By Stefano Rebaudo (Reuters) -Greece is heading into an election weekend with its public debt trading near the levels enjoyed by first-class peripheral countries, a decade after a debt crisis forced a dramatic reshaping of its borrowing. The premium investors demand to hold Greek debt instead of that of top-ranked peripheral countries such as Spain…
(This June 20 story has been refiled to spell out the name of Healthcare of Ontario Pension Plan in paragraph 5) By Chibuike Oguh NEW YORK (Reuters) – Savers Value Village said on Tuesday it aims to raise up to nearly $320 million for an initial public offering that would value the U.S. thrift store…
TURIN, Italy (Reuters) – Stellantis signed an agreement with its partner Punch Powertrain to increase production in Italy of electrified dual-clutch transmissions (eDCT) for hybrid and plug-in hybrid electric vehicles, the carmaker said on Tuesday. The upgraded facility will be developed within Mirafiori, Stellantis’ main plant in Turin, northern Italy, and it will complement the…
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Toymaker Lego on Wednesday said it will invest more than $1 billion in a factory in the United States to shorten supply chains and keep up with growing demand for its coloured plastic bricks in one of its biggest markets. The factory in Chesterfield County, Virginia, will be the…
HAVANA (Reuters) – The Inter-American Commission on Human Rights has found the Cuban government responsible in the deaths of democracy activists Oswaldo Paya and Harold Cepero in a 2012 car accident, saying it had concluded that state agents were involved in the incident. The commission’s report, released on Monday, also said the government had violated…
