News
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Del Monte Foods seeks buyer as it initiates US bankruptcy proceedings
July 1 (Reuters) - Del Monte Foods kicked off efforts to pursue a sale as it filed for Chapter 11 bankruptcy proceedings in the United States on Tuesday under an agreement with certain key lenders, the company said in a statement.The company has secured $912.5 million in financing to support itself ...Reuters
Wed, Jul 2
RPT-X, India spar over lawyer's 'Tom, Dick, and Harry' remark for government officials
NEW DELHI, July 1 (Reuters) - A lawyer for Elon Musk's X told an Indian court on Tuesday that every "Tom, Dick, and Harry" government official had been authorised to issue content takedown orders, drawing a sharp rebuke from New Delhi's counsel in the latest clash over content modera...Reuters
Wed, Jul 2
Goldman Sachs names Raghav Maliah global chairman of investment banking, memo shows
HONG KONG, July 2 (Reuters) - Goldman Sachs GS.N on Wednesday named Raghav Maliah chairman of investment banking, a global position in addition to the banker's regional investment banking roles, according to a memo from the bank.A spokesperson for the bank confirmed the contents of the memo.Ragh...Reuters
Wed, Jul 2
PRESS DIGEST-British Business - July 2
July 2 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- AstraZeneca AZN.L chief executive Pascal Soriot is considering moving the company's stock market listing to t...Reuters
Wed, Jul 2
FTC seeks more information about SoftBank's Ampere deal, Bloomberg News reports
July 1 (Reuters) - The U.S. Federal Trade Commission is seeking more details about SoftBank Group Corp's 9984.T planned $6.5 billion purchase of semiconductor designer Ampere Computing, Bloomberg News reported on Tuesday.The inquiry, known formally as a second request for information, suggests t...Reuters
Wed, Jul 2
US, Indo-Pacific partners announce minerals initiative as Rubio hosts counterparts
Australia, India, Japan and US share concerns about ChinaQuad partners have not been spared Trump's tariff offensiveOther frictions have emerged in relations India's Jaishankar says key is to keep positive trend with US By David Brunnstrom and Kanishka Singh WASHINGTON, July 1 (Reuters) -...Reuters
Wed, Jul 2
EXCLUSIVE-Intel's new CEO explores big shift in chip manufacturing business
Intel CEO Lip-Bu Tan considers shifting foundry unit's focus to "14A" chipmaking processPotential write-off for "18A" process could cost hundreds of millions of dollarsIntel board is expected to weigh options in July meetingBy Max A. Cherney, Jeffrey Dastin and Stephen Nellis ...Reuters
Wed, Jul 2
Del Monte Foods files for Chapter 11 bankruptcy in US
July 1 (Reuters) - Del Monte Foods has filed for Chapter 11 bankruptcy proceedings in the U.S. after reaching a restructuring agreement with its key financial stakeholders, the company said in a statement on Tuesday.The company has secured $912.5 million in financing to support it through the bankru...Reuters
Wed, Jul 2
Del Monte Foods Says Co Enters Restructuring Support Agreement With Key Financial Stakeholders
July 1 (Reuters) - DEL MONTE FOODS ANNOUNCES STRATEGIC ACTION TO STRENGTHEN FINANCIAL POSITION AND PURSUE A VALUE-MAXIMIZING SALEDEL MONTE FOODS- ENTERS RESTRUCTURING SUPPORT AGREEMENT WITH KEY FINANCIAL STAKEHOLDERSDEL MONTE FOODS- SECURES $912.5 MILLION IN DEBTOR-IN-POSSESSION FINANCINGDEL MONTE F...Reuters
Wed, Jul 2
SoftBank's Ampere deal to face in-depth review by FTC, Bloomberg News reports
July 1 (Reuters) - The U.S. Federal Trade Commission has launched an in-depth investigation into SoftBank Group Corp's 9984.T purchase of semiconductor designer Ampere Computing LLC, Bloomberg News reported on Tuesday.The probe, known formally as a second request for information, is a follow-up ...Reuters
Wed, Jul 2
Tiny Tuvalu seeks assurance from US its citizens won't be barred
Tuvalu seeks written assurance from US on visa ban errorSays US official has suggested inclusion was down to administrative errorInternal diplomatic cable showed US could expand visa ban to 36 countriesBy Kirsty Needham SYDNEY, July 1 (Reuters) - Tuvalu, a tiny Pacific nation that scientists pred...Reuters
Wed, Jul 2
Trump says US could reach trade deal with India, casts doubt on deal with Japan
WASHINGTON, July 1 (Reuters) - The United States could reach a trade deal with India that would help American companies compete in the South Asian country and leave it facing far lower tariffs, President Donald Trump said on Tuesday, while casting doubt on a possible deal with Japan.Reuters
Wed, Jul 2
EV group urges US House to restore electric vehicle tax credits
By David Shepardson July 1 (Reuters) - An electric vehicle advocacy group on Tuesday urged the U.S. House to revise a bill passed by the Senate that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30, as well as the $4,000 tax credit for used EVs.The Electrif
Reuters
Wed, Jul 2
Powell Confirms That The Fed Would Have Cut By Now Were It Not For Tariffs
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank would have easier monetary policy by now if not for President Donald Trump’s tariff plan.When asked during a panel if the Fed would have lowered rates again by now had Trump not announced his controversial plan for levies onTiger News
Wed, Jul 2
U.S. Senate Passes Sweeping Tax-Cut And Spending Bill; Sends To House Of Representatives
U.S. Senate Passes Sweeping Tax-Cut And Spending Bill; Sends To House Of RepresentativesAdopted, 51-50 With VP Vance Voting In The Affirmative: U.S. Senate Passes Trump's $3.3 Trillion One Big Beautiful Bill ActNow Its Onto The House, Where Republicans Can Lose Just Three Votes - Punchbowl ReporterSTiger News
Wed, Jul 2
University of Pennsylvania reaches compliance deal with Trump administration on transgender athletes
University acknowledges transgender women athletes have an edgeNCAA already restricts student athletes assigned as male at birthDeal stems from transgender swimmer who won Division 1 title in 2022By Steve GormanJuly 1 (Reuters) - The University of Pennsylvania has agreed with the Trump administratio...Reuters
Wed, Jul 2
