News
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FOCUS-From luxury powerhouse to the brink: how Saks' big merger bet failed
Merger saddled Saks with billions of dollars of debt, leading to financial strugglesSaks delayed vendor payments, affecting product availability and sales marginsSaks' real estate valued at $4 billion, future of Fifth Avenue flagship uncertainBy Juveria Tabassum and Arriana McLymore NEW YORK,...Reuters
Thu, Jan 8
FACTBOX-Who was Renee Nicole Good, the woman killed by US Immigration agent in Minneapolis?
By Helen Coster Jan 8 (Reuters) - Renee Nicole Good, a mother of three living in Minnesota, was shot dead in her car by a federal agent in Minneapolis on Wednesday, setting off protests and a sharp debate around the circumstances surrounding her killing.Here is what we know about Good so far: ...Reuters
Thu, Jan 8
Vance announces new assistant attorney general role to combat taxpayer fraud
WASHINGTON, Jan 8 (Reuters) - Vice President JD Vance said on Wednesday the administration is creating a new assistant attorney general position with nationwide jurisdiction to combat fraud involving taxpayer dollars, adding that a nominee would be announced in the coming days.Reuters
Thu, Jan 8
Italy’s privacy watchdog warns Grok over deepfake AI content
MILAN, Jan 8 (Reuters) - Italy's data protection authority on Thursday warned users and providers of artificial intelligence tools, including Elon Musk’s chatbot Grok, over the risk of generating deepfake images from real content without the consent of featured individuals.The warning comes amid...Reuters
Thu, Jan 8
Treasury's Bessent vows to prosecute Minnesota fraud, probe other states
Bessent says Treasury will investigate, prosecute fraudstersMinnesota is 'ground zero' for welfare scam, Bessent says By David Lawder and Andrea ShalalMINNEAPOLIS, Jan 8 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday underscored the U.S. government's commitment to recoveri...Reuters
Thu, Jan 8
HNI Corp To Exit Wayland, NY Facility In 2027
Jan 8 (Reuters) - HNI Corp HNI.N:HNI CORP - TO EXIT WAYLAND, NY FACILITY IN 2027HNI CORP - COST SYNERGIES FROM KII INTEGRATION TO TOTAL $68 MILLION BY 2028HNI CORP - ESTIMATES $7.5-$8.0 MILLION ANNUAL SAVINGS FROM CONSOLIDATIONHNI CORP - ANTICIPATES CHARGES RESULTING FROM THE CONSOLIDATION WILL IMPA...Reuters
Thu, Jan 8
FACTBOX-Billions at stake as Trump targets US defense sector dividends, buybacks
Jan 8 (Reuters) - U.S. defense companies came under fire from President Donald Trump this week, after he pledged to block them from paying dividends or buying back shares until they accelerated production."After years of misplaced priorities, traditional defense contractors have been incentivize...Reuters
Thu, Jan 8
UK's Starmer, Trump discuss security and Russia deterrence in Arctic region
LONDON, Jan 8 (Reuters) - British Prime Minister Keir Starmer spoke to U.S. President Donald Trump on Thursday about Euro-Atlantic security and the need to deter an increasingly aggressive Russia in the Arctic region, a Downing Street spokeswoman said.Starmer told Trump that European allies had step...Reuters
Thu, Jan 8
Mexico's daily murder rate fall 40% under Sheinbaum, officials say
MEXICO CITY, Jan 8 (Reuters) - Mexico's President Claudia Sheinbaum has overseen a nearly 40% drop in the country's murder rate since taking office in October 2024, government officials said on Thursday, citing preliminary statistics. The daily homicide average in December 2025 fell t...Reuters
Thu, Jan 8
BREAKINGVIEWS-Bully pulpit reshapes corporate-risk playbook
By Gabriel Rubin WASHINGTON, Jan 8 (Reuters Breakingviews) - It's hard to describe Donald Trump’s power as constrained, considering he just captured a foreign leader wearing pajamas in his own country. For the most part, however, the U.S. president has increasingly relied on the bully pulpit ...Reuters
Thu, Jan 8
Some of Warner Bros' biggest investors are split on Paramount offer
Investors have until Jan. 21 to accept Paramount's $108.4 billion offerWarner Bros board favors Netflix's $82.7 billion offer due to solid financingSome investors criticize board's rejection of Paramount's offer, citing better regulatory chancesWarner Bros' top shareholders Vangu...Reuters
Thu, Jan 8
FirstEnergy Says PUCO Approves FirstEnergy $275 Million Settlement For Restitution And Refunds
Jan 8 (Reuters) - FirstEnergy Corp FE.N:FIRSTENERGY - PUCO APPROVES FIRSTENERGY $275 MILLION SETTLEMENT FOR RESTITUTION AND REFUNDSPUCO APPROVES FIRSTENERGY SETTLEMENT, DELIVERING CUSTOMER BENEFITSFIRSTENERGY - AVERAGE RESIDENTIAL CUSTOMER TO RECEIVE $65.61 IN BILL CREDITS OVER THREE MONTHSReuters
Thu, Jan 8
Independent expert group to review HPV vaccine evidence after US recommendation change
Vaccine Integrity Project to review HPV vaccine evidenceHHS revised vaccine schedule without ACIP reviewMerck says Gardasil lacks data for single-dose approvalBy Julie Steenhuysen CHICAGO, Jan 8 (Reuters) - An independent vaccine advisory group said on Thursday it will conduct a scientific eviden...Reuters
Thu, Jan 8
UK's Starmer discusses Ukraine security guarantees with NATO's Rutte
LONDON, Jan 8 (Reuters) - British Prime Minister Keir Starmer spoke to NATO Secretary General Mark Rutte on Thursday and the two leaders reiterated that security guarantees for Ukraine must ensure Russia is never able to invade again, a Downing Street spokeswoman said."Both leaders welcomed the ...Reuters
Thu, Jan 8
EXCLUSIVE-Traders Vitol and Trafigura to join White House Venezuela oil talks
European traders could facilitate Venezuelan oil sales US engages with marketers and banks, DOE saysVitol and Trafigura were both previously active in VenezuelaVitol has received a preliminary special U.S. government licence to begin negotiationsBy Dmitry Zhdannikov, Shariq Khan and Robert Harvey ...Reuters
Thu, Jan 8
Trump slams Republican senators who agreed to advance bill curbing Venezuela war powers
WASHINGTON, Jan 8 (Reuters) - President Donald Trump decried his fellow Republicans in the U.S. Senate who on Thursday voted to advanced a resolution that would bar him from taking further military action against Venezuela without congressional authorization."Susan Collins, Lisa Murkowski, Rand ...Reuters
Thu, Jan 8
Treasury's Bessent vows to prosecute Minnesota fraud cases; investigate others state by state
MINNEAPOLIS, Jan 8 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday underscored the U.S. government's commitment to recovering funds stolen in a series of social services fraud schemes in Minnesota, prosecute those responsible and prevent future crimes.Bessent, in remarks prepared f...Reuters
Thu, Jan 8
