By Sarah N. Lynch WASHINGTON (Reuters) -A jury on Wednesday convicted Grammy Award-winning rapper Prakazrel “Pras” Michel of The Fugees hip hop group on criminal charges that he conspired with a Malaysian financier to orchestrate a series of foreign lobbying campaigns aimed at influencing the U.S. government under two presidents. His conviction in federal court…
By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney Co sued Florida Republican Governor Ron DeSantis on Wednesday, asking a court to overturn state efforts to control Disney World and intensifying a battle between a global entertainment giant and a likely White House contender. In its lawsuit, Disney accused DeSantis and his supporters of illegally…
(Reuters) -Bristol Myers Squibb Co said on Wednesday CEO Giovanni Caforio will step down in November and be succeeded by Chief Commercialization Officer Christopher Boerner. Boerner, who has been CCO since 2018, was named chief operating officer until he takes the top job. He joined the company in 2015 and previously served in leadership roles…
By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden suggested on Wednesday that he could defeat Donald Trump again in a 2024 rematch, and warned the former Republican president was a threat to the country. One day after launching his re-election bid, Biden marked the occasion not on the campaign trail but…
By Mimosa Spencer NEW YORK (Reuters) – Tiffany & Co. lifted the lid on its newly renovated New York city flagship on Wednesday, the centerpiece of a broad brand reset orchestrated by its owner, the world’s biggest luxury group LVMH. “Wonder Woman” film actress Gal Gadot presided over the early morning ribbon cutting ceremony, flanked…
By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle maker VinFast said on Wednesday it had received a fresh round of funding pledges worth $2.5 billion for its future development, in a move that may signal a new delay to its planned listing in the United States. Two people familiar with the matter had previously told…
By Granth Vanaik (Reuters) -Mattel Inc posted a bigger-than-expected loss for the first quarter on Wednesday as it grappled with higher costs and retailers cutting back on orders. Consumer companies have been struggling with supply chain issues as well as higher labor and raw material costs, which led Mattel to raise prices for toys and…
By Richa Naidu LONDON (Reuters) -Reckitt Benckiser has named company insider Kris Licht as CEO designate to succeed Nicandro Durante, taking the helm by the end of the year after a transition period. Licht, who has served as president of Reckitt’s health business and as chief customer officer since July 2020, will be appointed to…
(Corrects dateline, day in paragraph 1, typo in headline) (Reuters) – Raymond James Financial Inc missed Wall Street estimates for second-quarter profit on Wednesday as a prolonged dealmaking slump weighed on the investment bank and brokerage’s mainstay business. Investment banking revenue fell 36% to $145 million from a year earlier. Dealmaking was at a virtual…
By Brendan Pierson (Reuters) -President Joe Biden’s administration on Wednesday urged a U.S. appeals court to overrule a conservative Texas-based judge’s order that would essentially ban the abortion pill mifepristone by suspending the drug’s federal regulatory approval in a legal challenge by abortion opponents. The U.S. Justice Department, in a filing to the New Orleans-based…
