(Reuters) – Bed Bath & Beyond Inc is considering sales of assets and intellectual property as part of a potential bankruptcy filing that could come as soon as this weekend, Bloomberg News reported, citing people with knowledge of the situation. The home goods retailer is also looking to secure funding from U.S.-based investment firm Sixth…
PARIS (Reuters) – French carmaker Renault and its Japanese partner Nissan said they were in talks about the future of their alliance, confirming media reports over the weekend. In their statement, the companies said Nissan was considering investing in Renault’s new electric vehicle (EV)unit, which the French car maker is setting up alongside a separate…
By Brendan Pierson (Reuters) – The U.S. state of Kansas on Monday sued Pfizer, accusing the company of misleading the public about its COVID-19 vaccine by hiding risks while making false claims about its effectiveness. In a lawsuit filed in the District Court of Thomas County, the state said the New York-based drugmaker’s alleged false…
By Chris Prentice, Nupur Anand and Saeed Azhar NEW YORK (Reuters) -PNC Financial Services Group, JPMorgan Chase & Co and Citizens Financial Group Inc were among banks that submitted final bids for First Republic Bank on Sunday in an auction by U.S. regulators, sources familiar with the matter said. The Federal Deposit Insurance Corp had…
By Ernest Scheyder (Reuters) -Lithium producer Albemarle Corp cut its annual profit forecast on Wednesday despite posting a better-than-expected quarterly earnings, citing softening prices for the metal used to make electric vehicle batteries. Shares of the Charlotte, North Carolina-based company fell 4.5% to $165.19 in after-hours trading. Concern has grown across the lithium industry this…
SAMARKAND, Uzbekistan (Reuters) -At a meeting in Russia’s former Central Asian backyard, the European Bank for Reconstruction and Development on Thursday pledged further support for war-torn Ukraine with plans to increase its capital by 3 billion-5 billion euros. The emerging markets lender has already earmarked 3 billion euros for Ukraine – which is fighting off…
(Reuters) – A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including Mitsubishi UFJ Morgan Stanley Securities, over their sale of AT1 bonds issued by Credit Suisse Group AG, Nikkei reported on Friday. Former Bank of America Securities lawyer Taiju Yamazaki has said he expects his “first…
By Nicolás Misculin BUENOS AIRES (Reuters) – Argentina’s election race is narrowing into a two-horse race, polling ahead of the Aug. 13 primary vote shows, with the ruling Peronist coalition’s choice of a centrist candidate defusing some of the threat from far-right libertarian Javier Milei. Pollsters have the main conservative opposition bloc’s top two candidates,…
WASHINGTON (Reuters) – U.S. Vice President Kamala Harris planned to visit Miami on Friday, a White House official said, as she announces a $562 million investment in helping communities become more resilient to climate change. The trip coincides with U.S. President Joe Biden’s signing of an executive order that the White House said will direct…
May 19 (Reuters) – Canadian retail sales fell by 1.4% in March from February at C$65.29 billion ($48.83 billion), on lower sales at motor vehicles and parts dealers, as well as gasoline stations, Statistics Canada said on Friday. Sales were seen to rise by 0.2% in April, the agency said in a flash estimate. Sales…
