News
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Amazon faces UK lawsuits worth up to $5.4 bln from retailers, consumers
LONDON, July 24 (Reuters) - Amazon AMZN.O faces two mass lawsuits from retailers and consumers worth up to 4 billion pounds ($5.4 billion) for allegedly abusing its dominant position, after a London tribunal on Thursday certified the cases could proceed.Andreas Stephan, a competition law academic, i...Reuters
Thu, Jul 24
WEG expects to offset most impacts from US tariffs on Brazilian goods
SAO PAULO, July 24 (Reuters) - Brazilian motor maker WEG WEGE3.SA said on Thursday it expects to mitigate most of the impact from the 50% tariff U.S. President Donald Trump said he would impose on Brazilian goods from August 1, partly by adjusting export routes.Reuters
Thu, Jul 24
CBS News taps Tanya Simon as new boss of '60 Minutes' after Trump lawsuit
July 24 (Reuters) - Paramount Global's PARA.O CBS News on Thursday appointed Tanya Simon as the executive producer of its prime time news magazine broadcast "60 Minutes", in place of Bill Owens, who had stepped down citing lack of editorial independence. Owens left the post in April afte...Reuters
Thu, Jul 24
Europeans to test Iran's appetite for nuclear compromise as sanctions loom
Europeans aim for breakthrough before end of AugustUN sanctions could be reimposed on Iran in OctoberDiplomats float idea of extending sanctions deadlineIran says still time for diplomacy By John Irish and Parisa Hafezi PARIS, July 24 (Reuters) - France, Britain and Germany will hold face-to-face...Reuters
Thu, Jul 24
Italian court revokes judicial administration of Oaktree-owned Banca Progetto
MILAN, July 24 (Reuters) - An Italian court on Thursday revoked the judicial administration of Banca Progetto, a small Italian bank owned by investment firm Oaktree, a ruling by the Milan court of preventive measures shows.The bank was placed under court administration in October 2024 for allegedly ...Reuters
Thu, Jul 24
Video-sharing app Vine is returning 'in AI form', Musk says
July 24 (Reuters) - Elon Musk's social media company X is bringing back popular video-sharing platform Vine in "AI form", the billionaire tech-entrepreneur said on Thursday, almost nine years after the app was discontinued.Musk made the announcement in a post on X, formerly Twitter, but ...Reuters
Thu, Jul 24
IMF is waiting for more data, agreement on remedial measures on Senegal
LONDON, July 24 (Reuters) - The International Monetary Fund is waiting for some more data before it can firm up its assessment on Senegal's debt situation and still needs to reach an agreement on key remedial measures with the country, a Fund spokesperson said on Thursday. Senegal is grappling w...Reuters
Thu, Jul 24
Gotham City Estimates Landbridge Holdings Shares Are Worth No More $5 To $24 Per Share
July 24 (Reuters) - GOTHAM CITY RESEARCH: RELEASES REPORT ON LANDBRIDGE HOLDINGS; ESTIMATES LANDBRIDGE HOLDINGS SHARES ARE WORTH NO MORE $5 TO $24 PER SHARESource text: https://tinyurl.com/3t37mn44Reuters
Thu, Jul 24
Mexican President Sheinbaum hopes to reach tariffs agreement with US, open to calling Trump if needed
MEXICO CITY, July 24 (Reuters) - Mexican President Claudia Sheinbaum said on Thursday she hopes to reach an agreement on tariffs, but will speak with Trump if necessary."We are going to wait, but if it is necessary we will make the call," Sheinbaum said during her daily press conference.Reuters
Thu, Jul 24
U.S Banks Including Goldman Sachs And Bank Of America Being Drawn Into Widening French Dividend Tax Audits - Bloomberg News
July 24 (Reuters) - U.S BANKS INCLUDING GOLDMAN SACHS AND BANK OF AMERICA BEING DRAWN INTO WIDENING FRENCH DIVIDEND TAX AUDITS - BLOOMBERG NEWSSource text: https://tinyurl.com/ydnk8uycReuters
Thu, Jul 24
Deals of the day-Mergers and acquisitions
July 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** City Office REIT said it has agreed to be acquired by private investment firm MCME Carell Holdings for $7 per share in cash.nL4N3TL11B ** Danish biotech Bavarian ...Reuters
Thu, Jul 24
U.S. bank mergers likely to pick up as industry consolidates, Lazard CEO says
NEW YORK, July 24 (Reuters) - Lazard (LAZ.N) CEO Peter Orszag expects a long-awaited wave of bank mergers to pick up as the broader dealmaking outlook improves, he told journalists on a post-earnings conference call on Thursday.The earnings report showed that Lazard beat estimates for second-quarter...Reuters
Thu, Jul 24
Canada's City Office REIT to be taken private in near $1.1 billion deal
By Abhinav Parmar July 24 (Reuters) - City Office REIT CIO.N said on Thursday it has agreed to be taken private by MCME Carell, an affiliate of hedge fund Elliott Investment, in an all-cash deal valued at nearly $1.1 billion, including the assumption of debt.MCME Carell will acquire all the outst...Reuters
Thu, Jul 24
BP Advises AREH Partners Of Intention To Exit Project As Operator And Equity Holder
July 24 (Reuters) - BP PLC BP.L:BP - ADVISED AUSTRALIAN RENEWABLE ENERGY HUB PARTNERS OF INTENTION TO EXIT PROJECT AS OPERATOR AND EQUITY HOLDERBP - DECISION REFLECTS RECENT STRATEGY RESET, WHICH WILL SEE BP GROW ITS UPSTREAM OIL & GAS BUSINESS, FOCUS ITS DOWNSTREAM BUSINESS - SPOKESPERSONReuters
Thu, Jul 24
C&F Financial Q2 net income rises on loan growth
OverviewC&F Financial Q2 net income rises 54.3% to $7.8 mln, driven by loan growthEarnings per share for Q2 increased to $2.37 from $1.50 year-over-yearCommunity banking and mortgage segments show strong performance, boosting overall resultsOutlookCompany expects continued loan and deposit growt...Reuters
Thu, Jul 24
FEMA chief would report directly to US president under new bill
By Courtney RozenWASHINGTON, July 24 (Reuters) - The head of the Federal Emergency Management Agency would report directly to the U.S. president instead of the Homeland Security secretary, under a bipartisan bill announced in the House of Representatives on Thursday. The bill would also allow FEMA ...Reuters
Thu, Jul 24
EU regulators to investigate if KKR provided misleading information in Telecom Italia deal
By Foo Yun Chee BRUSSELS, July 24 (Reuters) - EU antitrust regulators will investigate whether U.S. investment firm KKR KKR.N provided incorrect or misleading information in its 22-billion-euro ($26 billion) acquisition of Telecom Italia's (TIM) TLIT.MI fixed-line network deal, the European C...Reuters
Thu, Jul 24
Trump administration violated law in delaying US Head Start education funding, GAO report finds
By Richard Cowan WASHINGTON, July 23 (Reuters) - The Trump administration's temporary freeze on federal funds for the Head Start early education program for low-income children was illegal, a non-partisan government watchdog concluded in a report released on Wednesday, as the White House cont...Reuters
Thu, Jul 24
Honeywell CEO Says Committed To Deconsolidate Quantinuum Business, Are Doing Fundraise To Capitalize Co Between Now And IPO Time Timeline We See Today Is End Of 2027 - Conf. Call
July 24 (Reuters) - Honeywell International Inc HON.O:HONEYWELL CEO: COMMITTED TO DECONSOLIDATE QUANTINUUM BUSINESS, ARE DOING FUNDRAISE TO CAPITALIZE CO BETWEEN NOW AND IPO TIME; TIMELINE WE SEE TODAY IS END OF 2027 - CONF. CALLSource text: [ID:]Reuters
Thu, Jul 24
CORRECTED-Trump administration violated law in delaying US Head Start education funding - GAO report
By Richard Cowan WASHINGTON, July 23 (Reuters) - The Trump administration's temporary freeze on federal funds for the Head Start early education program for low-income children was illegal, a non-partisan government watchdog concluded in a report released on Wednesday, as the White House cont...Reuters
Thu, Jul 24
