News
Important Only
Fidelity beats lawsuit over fees in $439 billion money market fund
Judge rejects claims of unjust enrichment, breach of dutiesInvestors said Fidelity didn't switch them to lower-cost sharesLawyers for investors not available for commentBy Jonathan Stempel NEW YORK, March 25 (Reuters) - A federal judge dismissed a lawsuit on Wednesday accusing mutual fund gia...Reuters
Wed, Mar 25
US Postal Service Will Impose An 8% Surcharge On Packages To Cover Rising Cost Of Fuel - WSJ
March 25 (Reuters) - THE U.S. POSTAL SERVICE WILL IMPOSE AN 8% SURCHARGE ON PACKAGES TO COVER THE RISING COST OF FUEL - WSJUSPS SURCHARGE WILL BE APPLIED TO PACKAGES, BUT NOT MAIL - WSJSource text: https://tinyurl.com/3v4k34jdReuters
Wed, Mar 25
New records in Trump documents case raise concerns over business conflict, US lawmaker says
Memo says documents were scanned and uploaded: lawmaker Some items pertinent to Trump's business interests, Raskin saysDOJ and White House dismiss Raskin claims as political WASHINGTON, March 25 (Reuters) - Newly released records in the now-dismissed classified documents case against U.S. Pre...Reuters
Wed, Mar 25
KKR to acquire Nothing Bundt Cakes for over $2 billion, source says
March 25 (Reuters) - U.S. private equity firm KKR KKR.N has struck a deal to acquire bakery chain Nothing Bundt Cakes from Roark Capital for over $2 billion, including debt, a source familiar with the matter told Reuters on Wednesday.The bakery was launched in 1997 and sells hand-crafted bundt cakes...Reuters
Wed, Mar 25
Trump to hit Iran harder if Tehran does not accept defeat, White House says
By Nandita Bose and Humeyra PamukWASHINGTON, March 25 (Reuters) - President Donald Trump will hit Iran harder if Tehran fails to accept that the country has been "defeated militarily," White House press secretary Karoline Leavitt said on Wednesday. "President Trump does not bluff and he ...Reuters
Wed, Mar 25
Private credit fund bonds were flagging risks before recent redemptions, hedge fund says
Bond yields of private credit funds at one-year highs Fourier Asset Management highlights liquidity stress in $2 trln marketMajor semi-liquid funds of Oaktree and BlackRock face rising bond spreadsBy Nell Mackenzie LONDON, March 25 (Reuters) - Bonds issued by semi-liquid private credit funds have...Reuters
Wed, Mar 25
Russia sought to blackmail US using intelligence to Iran, Zelenskiy says
KYIV, March 25 (Reuters) - Russia sought to blackmail the United States by offering to stop sharing military intelligence with Iran if, in return, Washington would cut off Ukraine from its intelligence data, President Volodymyr Zelenskiy said on Wednesday.Zelenskiy, who said on Monday that Ukraine&#...Reuters
Wed, Mar 25
EXCLUSIVE-US links security guarantees to Ukraine giving up Donbas, Zelenskiy says
US has offered security guarantees if Ukraine hands Donbas region to Russia, Zelenskiy says Ukrainian leader says abandoning defensive line in Donbas would be a major security risk Zelenskiy thanks Trump for continuing US weapon supplies to Ukraine despite Iran conflictUkraine's advances in miss...Reuters
Wed, Mar 25
Colbert to co‑write new ‘Lord of the Rings’ film after late-night show ends
By Danielle BroadwayLOS ANGELES, March 25 (Reuters) - Stephen Colbert is heading to Middle‑earth.The comedian announced in a video posted Tuesday that following the end of his 11‑year run as host of CBS's "The Late Show" in May, he will co‑write and develop a new film in the "Lord of...Reuters
Wed, Mar 25
KKR-backed OHB taps banks for share sale, Bloomberg News reports
March 25 (Reuters) - German satellite maker OHB OHBG.DE is working on a share sale that would allow minority investor KKR KKR.N to reduce its stake, Bloomberg News reported on Wednesday.The deal could value OHB at slightly above its market value, which was about 5.5 billion euros ($6.37 billion) as ...Reuters
Wed, Mar 25
New Jersey governor signs laws restricting state participation in immigration enforcement
By Christian Martinez March 25 (Reuters) - New Jersey Governor Mikie Sherrill signed three bills on Wednesday aimed at limiting state officials' participation in federal immigration enforcement.The signings are the latest moves by New Jersey in opposition to the Trump administration's imm...Reuters
Wed, Mar 25
KKR Has Struck A Deal To Acquire U.S. Bakery Chain Nothing Bundt Cakes From Roark Capital For Over $2 Billion, Including Debt- Source
March 25 (Reuters) - KKR HAS STRUCK A DEAL TO ACQUIRE THE U.S. BAKERY CHAIN NOTHING BUNDT CAKES FROM ROARK CAPITAL FOR OVER $2 BILLION, INCLUDING DEBT- SOURCEReuters
Wed, Mar 25
FACTBOX-What did jury decide in social media case against Meta and Google?
March 25 (Reuters) - A Los Angeles jury found Alphabet's Google GOOGL.O and Meta META.O liable on Wednesday in a landmark youth social media addiction trial. Here are the details of the jury's verdict: META, GOOGLE OWE DAMAGESThe jury awarded $3 million in damages to the plaintiff. Meta ...Reuters
Wed, Mar 25
Vance has been central to discussions about Iran, White House says
WASHINGTON, March 25 (Reuters) - U.S. Vice President JD Vance has been part of national security discussions related to Iran throughout the entirety of the Trump administration, White House Press Secretary Karoline Leavitt said on Wednesday."The vice president has been by the president's sid...Reuters
Wed, Mar 25
Artificial Intelligencer-White House pushes for first big federal AI law this year
By Jeffrey Dastin March 25 (Reuters) - (Artificial Intelligencer is published every Wednesday. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here or email me to share any thoughts.) The drone strikes walloped buildings in the UA...Reuters
Wed, Mar 25
Soccer-Iran train in Turkey with tight media control ahead of World Cup warm-ups
By Ece Toksabay BELEK, Turkey, March 25 (Reuters) - Iran's men's team trained in southern Turkey on Wednesday as they prepare for two upcoming friendlies ahead of the World Cup, where the squad are likely to attract heightened attention against the backdrop of the U.S.-Israeli war on Iran...Reuters
Wed, Mar 25
US patent office head faces bipartisan grilling in Congress
By Blake Brittain WASHINGTON, March 25 (Reuters) - U.S. Patent and Trademark Office director John Squires faced sharp questions during an oversight hearing at the House of Representatives on Wednesday on his office's role in benefiting other Trump administration officials.Maryland Democratic ...Reuters
Wed, Mar 25
Judge probes Trump administration on 'unwritten' deal for Mexico to accept Cubans
Judge demands details on deportation agreementCuban man's lawyers argue ICE violated procedures, due processJudge says case raises issues concerning deportations to third countriesBy Nate Raymond BOSTON, March 25 (Reuters) - U.S. President Donald Trump's administration has informed a ...Reuters
Wed, Mar 25
KKR to acquire Nothing Bundt Cakes for over $2 billion, WSJ reports
March 25 (Reuters) - U.S. private equity firm KKR KKR.N has struck a deal to acquire bakery chain Nothing Bundt Cakes from Roark Capital for over $2 billion, including debt, the Wall Street Journal reported on Wednesday.Reuters
Wed, Mar 25
Second US appeals court upholds Trump's immigration detention policy
St. Louis-based 8th Circuit supports Trump's immigration detention policyHundreds of lawsuits filed in Minnesota by immigration detaineesACLU considering next steps after court rulingBy Nate Raymond March 25 (Reuters) - A U.S. appeals court on Wednesday endorsed the Trump administration's...Reuters
Wed, Mar 25
