PacWest merges with Banc of California in all-stock deal
(Reuters) – Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise…
London court revives $3.5 billion mass forex lawsuit against banks
LONDON (Reuters) -A proposed 2.7 billion pound ($3.5 billion) mass lawsuit against major banks including JPMorgan and Citigroup over alleged…
Starbucks illegally fired NYC supervisor over union activities, judge rules
By Jonathan Stempel NEW YORK (Reuters) -Starbucks violated U.S. labor law by firing a Manhattan store supervisor who had organized…
Walmart teams up with Expedia on travel perks
By Doyinsola Oladipo NEW YORK (Reuters) – Retail giant Walmart on Tuesday said it is teaming up with online travel…
US judge blocks Biden’s new border asylum restrictions
By Ted Hesson and Kristina Cooke WASHINGTON (Reuters) -A U.S. federal judge on Tuesday blocked President Joe Biden’s new regulation…
Billionaire Leon Black is accused in lawsuit of raping autistic girl
By Jonathan Stempel NEW YORK (Reuters) – The billionaire investor Leon Black was sued on Tuesday by an autistic woman…
GM to add battery module assembly to some North American EV plants
By Paul Lienert (Reuters) – General Motors will begin assembling electric vehicle battery packs near its BrightDrop commercial van plant…
U.S. accounting watchdog flags ‘unacceptable’ increase in audit deficiencies
By Chris Prentice (Reuters) -The U.S. accounting watchdog has found an “absolutely unacceptable” level of serious deficiencies in public company…
US House Republicans face possible infighting as they turn to spending
By David Morgan WASHINGTON (Reuters) -The U.S. House of Representatives is due to begin voting this week on a series…
US dollar flat as market awaits clarity from central banks
By Laura Matthews NEW YORK (Reuters) – The dollar was flat against a basket of its major peers on Tuesday,…