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Wells Fargo CEO says expect all businesses to grow, barring mortgage
NEW YORK, June 4 (Reuters) - Wells Fargo WFC.N CEO Charlie Scharf told Reuters he expects the bank to grow in all businesses including wealth, commercial and investment banking, credit cards but not mortgages.The Federal Reserve removed the asset cap put on the bank which had been limiting its abili...Reuters
Wed, Jun 4
Amazon Says It Plans To Invest $10 Billion In North Carolina To Expand Cloud Computing Infrastructure And Advance AI Innovation - Blog Post
June 4 (Reuters) - Amazon.com Inc AMZN.O:AMAZON PLANS TO INVEST $10 BILLION IN NORTH CAROLINA TO EXPAND CLOUD COMPUTING INFRASTRUCTURE AND ADVANCE AI INNOVATION- BLOG POSTAMAZON - INVESTMENT IS EXPECTED TO CREATE AT LEAST 500 NEW HIGH-SKILLED JOBSSource text: https://tinyurl.com/4xhwjc4cReuters
Wed, Jun 4
Lucid Announces Graphite Material Supply Agreement With Graphite One
June 4 (Reuters) - Lucid Group Inc LCID.O:LUCID STRENGTHENS US SUPPLY CHAIN WITH NEW GRAPHITE MATERIAL SUPPLY AGREEMENT WITH GRAPHITE ONELUCID GROUP INC - SYRAH RESOURCES TO SUPPLY NATURAL GRAPHITE AAM TO LUCID FROM 2026LUCID GROUP INC - GRAPHITE ONE PRODUCTION TO BEGIN IN 2028Reuters
Wed, Jun 4
US Army helicopter flights at Pentagon remain suspended after close call
WASHINGTON, June 4 (Reuters) - U.S. Army helicopter flights around the Pentagon remain suspended after two passenger airline flights were forced to abort landings on May 1 at Reagan Washington National Airport because of a nearby Black Hawk helicopter, the acting head of the Federal Aviation Adminst...Reuters
Wed, Jun 4
Bernie Madoff customers to recoup $498 million, payout tops $15 billion
By Jonathan Stempel NEW YORK, June 4 (Reuters) - Former customers of the late Ponzi schemer Bernard Madoff will recoup $498.3 million under a settlement on Wednesday with the liquidators of two Luxembourg funds, boosting their recovery to about $15.26 billion.The Luxembourg Investment Fund and Lu...Reuters
Wed, Jun 4
Odyssey adds deputy CUO roles to OdysseyRe and Newline Group in London
By Rebecca DelaneyJune 4 - (The Insurer) - Fairfax Financial's Odyssey Group Holdings has bolstered its London underwriting capabilities with the appointment of deputy chief underwriting officers at both OdysseyRe and Newline Group.OdysseyRe has named Matthew Sheppard to the newly created role o...Reuters
Wed, Jun 4
Arthur J. Gallagher & Co. Acquires Wilkins & Associates Insurance Services
June 4 (Reuters) - Arthur J. Gallagher & Co. AJG.N:ARTHUR J. GALLAGHER & CO. ACQUIRES WILKINS & ASSOCIATES INSURANCE SERVICES, INC.ARTHUR J. GALLAGHER & CO.: TERMS OF TRANSACTION WERE NOT DISCLOSED.ARTHUR J. GALLAGHER & CO.: TERMS OF TRANSACTION WERE NOT DISCLOSEDReuters
Wed, Jun 4
Bolttech Closes Series C Fundraise, Adds Strategic Investors Sumitomo Corp & Iberis Capital
June 4 (Reuters) - Bolttech:BOLTTECH CLOSES SERIES C FUNDRAISE, WELCOMES STRATEGIC INVESTORS SUMITOMO CORPORATION AND IBERIS CAPITALBOLTTECH: SHARES ACQUIRED BY SERIES C INVESTORS IN AMOUNT OF US$147 MILLION, REFLECTING VALUATION OF US$2.1 BILLIONReuters
Wed, Jun 4
Trump administration renegotiating "overly generous" Biden Chips Act grants
WASHINGTON, June 4 (Reuters) - The Trump administration is renegotiating some "overly generous" grants to semiconductor firms that were signed as part of the Chips Act under former President Joe Biden, U.S. Commerce Department Secretary Howard Lutnick said at a hearing on Wednesday.Some of t...Reuters
Wed, Jun 4
ABI names Bose as director of general insurance and international
By Rebecca DelaneyJune 4 - (The Insurer) - The Association of British Insurers (ABI) has appointed Chris Bose as director of general insurance and international, the industry body said on Wednesday.The appointment is effective from August 11.Bose will join the ABI from the Nationwide Building Societ...Reuters
Wed, Jun 4
Tech giant SAP asks US Supreme Court to reconsider rival's antitrust win
By Mike Scarcella June 4 (Reuters) - Europe's largest software maker SAP (SAPG.DE) has asked the U.S. Supreme Court to review a decision that said the technology giant must face a lawsuit by U.S. data technology company Teradata accusing it of violating antitrust law.SAP in a petition made pu...Reuters
Wed, Jun 4
Germany starts hunt for more air defences as Zelenskiy pleads for Patriots
By Sabine Siebold, Andrew Gray and Makini BriceBRUSSELS, June 4 (Reuters) - Germany launched a fresh bid on Wednesday to chase down more air defence systems for Ukraine, which in past weeks has suffered some of the heaviest Russian attacks since the full-scale invasion in 2022.Berlin aims to potenti...Reuters
Wed, Jun 4
