News
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State Department shifts $250 million from refugee aid to 'self-deportations'
State Department transferred $250 million to DHSDHS to use funds for 'self-deportations'Funds historically aided refugeesBy Jonathan Landay WASHINGTON, June 4 (Reuters) - The U.S. State Department has moved $250 million to the Department of Homeland Security for voluntary deportations by ...Reuters
Wed, Jun 4
Column: Google takes a gamble in class action jury trial over cell phone data use
By Jenna Greene June 4 (Reuters) - Class actions rarely go to trial, which is why a case against Google is proving to be an outlier. The tech giant is defending itself before a jury in Santa Clara County, California, superior court in an $800 million lawsuit by Android smartphone users who say Go...Reuters
Wed, Jun 4
Musk further criticizes spending bill, saying a new one should be drafted
June 4 (Reuters) - Billionaire Elon Musk, who recently left his cost-cutting role in President Donald Trump's administration, on Wednesday further criticized a spending bill working its way through Congress, saying a new one should be drafted. "No one who actually reads the bill should be ab...Reuters
Wed, Jun 4
Jefferies hires Lazard's Thomas for activism defense, sources say
By Svea Herbst-Bayliss NEW YORK, June 4 (Reuters) - Jefferies JEF.N has hired a veteran Lazard banker as global head of the firm's activism defense practice, people familiar with the situation said on Wednesday, as more corporations face pressure from activist investors.The New York-headquart...Reuters
Wed, Jun 4
Airbus procurement chief to move to India role, no successor named
By Tim Hepher PARIS, June 4 (Reuters) - The top supply chain executive at planemaker Airbus AIR.PA, procurement chief Juergen Westermeier, has been appointed to run the group's operations in India and South Asia from September 1, according to an internal memo seen by Reuters.His successor is ...Reuters
Wed, Jun 4
Golf-McIlroy breaks silence on failed driver test at PGA Championship and dodging media
McIlroy was angry after news of his failed driver leakedDodged media throughout PGA ChampionshipWanted to avoid saying something he would regretBy Frank Pingue June 4 (Reuters) - Masters champion Rory McIlroy, who avoided talking to the media at last month's PGA Championship, said on Wednesd...Reuters
Wed, Jun 4
Suspect arrested in connection with deadly California fertility clinic bombing
By Joseph Ax and Helen Coster NEW YORK, June 4 (Reuters) - Federal authorities arrested a suspect overnight in connection with last month's deadly bombing at a fertility clinic in Palm Springs, California, according to law enforcement officials on Wednesday.The suspect, Daniel Park, a 32-year...Reuters
Wed, Jun 4
Putin, Trump discuss Ukraine, Iran in phone call, Kremlin's aide says
MOSCOW, June 4 (Reuters) - Russian President Vladimir Putin discussed the conflict in Ukraine during a phone call with U.S. President Donald Trump, Kremlin foreign policy aide Yuri Ushakov said on Wednesday.According to Ushakov, the conversation focused on recent Ukrainian attacks on Russian civilia...Reuters
Wed, Jun 4
BREAKINGVIEWS-Cap-free Wells Fargo could be a fashion faux pas
By Stephen Gandel NEW YORK, June 4 (Reuters Breakingviews) - Wells Fargo WFC.N wore a cap about as stylishly as it could have hoped. The Federal Reserve imposed a $2 trillion limit on the assets the fourth-largest U.S. lender could gather in 2018, the result of a scandal over employees opening fr...Reuters
Wed, Jun 4
AI-driven search ad spending set to surge to $26 billion by 2029, data shows
By Jaspreet Singh June 4 (Reuters) - Spending on AI-powered search advertising is poised to surge to nearly $26 billion by 2029 from just over $1 billion this year in the U.S., driven by rapid adoption of the technology and more sophisticated user targeting, data from Emarketer showed on Wednesda...Reuters
Wed, Jun 4
Jefferies hires Lazard's Thomas for activism defense, sources say
By Svea Herbst-BaylissNEW YORK, June 4 (Reuters) - Jefferies JEF.N has hired a veteran Lazard banker as global head of the firm's activism defense practice, people familiar with the situation said on Wednesday, as more corporations face pressure from activist investors.The New York-headquartered...Reuters
Wed, Jun 4
Enterprise Products Partners Says BIS Plans To Deny Licenses For Three Ethane Cargoes To China
June 4 (Reuters) - Enterprise Products Partners LP EPD.N:BIS ISSUES NOTICE OF INTENT TO DENY APPLICATIONS FOR LICENSES TO EXPORT THREE ETHANE CARGOES TO CHINAENTERPRISE PRODUCTS PARTNERS LP - BIS INTENDS TO DENY LICENSES FOR THREE ETHANE CARGOES TO CHINAENTERPRISE PRODUCTS PARTNERS LP - HAS 20 DAYS ...Reuters
Wed, Jun 4
Ex Biden press secretary Jean-Pierre switches from Democrat to independent
June 4 (Reuters) - Karine Jean-Pierre, who was former President Joe Biden's press secretary at the White House from 2022 until 2025, has left the Democratic Party and is now an independent, according to the publisher of her forthcoming book. "We need to be clear-eyed and questioning, rather ...Reuters
Wed, Jun 4
Bookrunner Says Alvotech AEO Deal Expected To Price At 100 Sek
June 4 (Reuters) - Bookrunner: BLOCK TRADE: ALVOTECH AEO DEAL EXPECTED TO PRICE AT 100 SEK / 9.1% DISCOUNT TO CLOSE; BOOKS CLOSE AT 7:45PM CET / 6:45PM UKT- BOOKRUNNERBLOCK TRADE: ALVOTECH AEO PRICING ISK LINE 1320,83- BOOKRUNNERReuters
Wed, Jun 4
Amazon to invest $10 billion in North Carolina to expand cloud, AI infrastructure
June 4 (Reuters) - Amazon.com AMZN.O is investing $10 billion in North Carolina to expand its artificial intelligence infrastructure, further deepening its presence in the state as it seeks to cement its position in the fast-growing technology.The investment, announced on Wednesday for Richmond Coun...Reuters
Wed, Jun 4
Mexico seen renewing its approval for Nippon Steel-US Steel tie-up Thursday, sources say
By Alexandra Alper and Diego Oré WASHINGTON/MEXICO CITY June 4 (Reuters) - Mexico's antitrust watchdog is expected to renew its approval of Nippon Steel's fraught $14.9-billion bid for U.S. Steel as soon as Thursday, according to three people familiar with the matter, removing one of the ...Reuters
Wed, Jun 4
