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7-Eleven owner's 'core' security tag in Japan will not lift buyout hurdles, minister says

By Makiko Yamazaki TOKYO (Reuters) -The new classification of 7-Eleven's parent company as "core" to Japanese national security will not raise hurdles to a potential buyout, Japan's finance minister said on Tuesday, comments that appeared aimed at easing investor concerns about the move. "We can't say the core classification makes a buyout more difficult," Suzuki told reporters, days after Seven

2024-09-17T05:39:23Z

Ray Dalio names the top five forces shaping the global economy

Speaking at the Milken Institute's Asia Summit in Singapore, the founder of Bridgewater Associates said the five factors are interrelated and often cyclical.

2024-09-18T03:49:52Z

AT&T to pay $13 million over 2023 customer data breach

WASHINGTON (Reuters) - AT&T has agreed to pay $13 million to resolve an investigation over a data breach of a cloud vendor in January 2023 that impacted 8.9 million AT&T customers, the Federal Communications Commission said Tuesday. The FCC said the fine will resolve its investigation over whether AT&T had failed to protect the information of its customers and added AT&T had agreed to boost its

2024-09-17T14:59:47Z

US SEC fines 12 municipal advisors for record-keeping violations

(Reuters) -The U.S. Securities and Exchange Commission fined on Tuesday 12 municipal advisors more than $1.3 million to settle civil charges that they failed to preserve electronic communications such as text messages. The charges were the latest in the SEC's series of enforcement actions concerning "off channel" communications in the financial sector. All 12 firms were charged with violating

2024-09-17T15:59:47Z

Marriott CEO says company watching if slowdown in travel spending was 'just a blip'

By Doyinsola Oladipo NEW YORK (Reuters) - Marriott International's Chief Executive Officer Anthony Capuano said on Wednesday that the company is watching to see if higher-end consumers will continue to pull back their travel spending in the third quarter. High-income consumers continue to prioritize travel, but the company in the second-quarter saw a small pullback on ancillary spending such as

2024-09-18T19:36:12Z

Is a Second Passport Hanging on Your Family Tree?

Here's how you could inherit citizenship from your ancestors.

2024-09-18T21:26:33Z

Travel Experts: 6 Best Hidden Gems for Middle-Class Families in the Caribbean

Summer is almost over and fall is just around the corner, but that doesn't mean we're done with vacations. Because vacations are a year-round experience, it's always a good time to plan one. If you're...

2024-09-12T15:13:19Z

Insurer AIG names Keith Walsh as finance chief

(Reuters) -Insurer American International Group named industry veteran Keith Walsh as its executive vice president and chief financial officer on Wednesday, effective Oct. 21 this year. Walsh has over two decades of experience in finance leadership and had earlier served as the CFO of Marsh, a unit of Marsh McLennan. He had also worked as an equity research analyst at Citi for 14 years, where he

2024-09-18T23:16:16Z

Will the U.S. elections impact crypto markets? Insiders weigh in

Crypto insiders on Wednesday downplayed the importance of of the U.S. presidential race on the market at the annual TOKEN2049 event in Singapore.

2024-09-18T11:35:15Z

How Wide Is the Gap Between the Middle Class and the Top 5% in Every State?

The difference between "high end of middle class" and "low end of the top 5%" varies widely from state to state. That's according to a GOBankingRates analysis of the U.S. Census Bureau's American...

2024-09-18T15:15:14Z

Express Scripts sues FTC over drug pricing report, court documents show

WASHINGTON (Reuters) -Pharmacy benefit manager Express Scripts sued the U.S. Federal Trade Commission on Tuesday over the regulator's recent drug pricing report, calling the report's conclusion that the prescription middlemen raise drug costs defamatory. The lawsuit asks a federal judge in St. Louis, Missouri to order the FTC to take the report down and recuse Chair Lina Khan from any actions

2024-09-17T11:09:30Z

7 Life Lessons to Learn From Elon Musk’s Trillion-Dollar Milestone

Musk is on track to become the world's first trillionaire. Here's what you can learn from his success.

2024-09-18T14:26:31Z

5 Five Below Items Retirees Need To Buy Before Summer Ends

When you shop at Five Below, you are shopping with one purpose: to save money, but still get the best quality products for you and your family. This is particularly true for retirees, many of whom are...

2024-09-04T15:10:07Z

5 Ways To Break Up With Your Job and Earn More Money With a Better Career Match

Your career just might be the longest relationship in your life, so being focused on how you truly feel when you're with it is a healthy approach. In other words, it's not them -- it's you. Work...

2024-09-18T17:30:12Z

S&P 500 on track for first record close since July

(Reuters) - The S&P 500 rose to an all-time intraday high on Tuesday and was on track for a record close, lifted by investor confidence that the Federal Reserve is set to begin cutting interest rates, erasing the last of a deep selloff that lasted through late July and early August. The S&P 500 was last up 0.64%, to 5,669.06. The index's previous record high close was 5,667.2 points on July 16.

2024-09-17T14:59:40Z

Kroger-Albertson's US anti-trust trial to end but other legal blocks loom

By Jody Godoy (Reuters) - The trial where U.S. anti-trust regulators made their case to block Kroger's $25 billion bid to buy rival grocer Albertsons will conclude on Tuesday, but the deal's legal challenges have just begun, with two more trials this month to hear complaints the merger could jack up grocery bills. For the past three weeks, the U.S. Federal Trade Commission and a coalition of

2024-09-17T14:59:50Z

Insurer AIG names Keith Walsh as CFO

(Reuters) -Insurer American International Group named industry veteran Keith Walsh as its chief financial officer, effective Oct. 21 this year. Walsh has over two decades of experience in finance leadership and had earlier served as the CFO of Marsh, a unit at Marsh McLennan. Earlier, he worked as an equity research analyst at Citi for 14 years, covering the insurance sector. Insurers have

2024-09-18T22:26:15Z

Steve Cohen stops trading for hedge fund Point72, Bloomberg News reports

(Reuters) - Steve Cohen, billionaire and founder of hedge fund Point72 Asset Management, has stepped away from the trading floor and will focus on driving the firm's growth, Bloomberg News reported on Tuesday. Cohen, who remains as the hedge fund's co-chief investment officer along with Harry Schwefel, will invest his time in mentoring and developing talent, the report added, citing an emailed

2024-09-17T20:39:58Z

Alaska Airlines, Hawaiian can close merger deal, DOT says

WASHINGTON (Reuters) - The U.S. Transportation Department said on Tuesday it had agreed to allow Alaska Airlines to close on its $1.9 billion acquisition of Hawaiian Airlines, after the carriers agreed to maintain key Hawaiian routes and adopt consumer protections. The Justice Department in August opted not to block the deal that was announced in December by Alaska, the fifth-largest domestic U.S

2024-09-17T18:49:51Z

Broker First Horizon to pay fine to settle US SEC charges, regulator says

NEW YORK (Reuters) - Broker-dealer First Horizon Advisors, Inc has agreed to pay a civil penalty of $325,000 in connection with its recommendations for certain products, the U.S. Securities and Exchange Commission said in a statement on Wednesday. The SEC found First Horizon failed to maintain and enforce policies and procedures reasonably designed to achieve compliance with Regulation Best

2024-09-18T14:00:56Z

Boeing furloughs thousands as it hunkers down for extended strike

By David Shepardson and Allison Lampert (Reuters) -Boeing said on Wednesday it will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its 737 MAX and other airplanes. "We are initiating temporary furloughs over the coming days that will impact a large number of US-based executives, managers and employees," CEO Kelly

2024-09-18T22:21:15Z

How Much The Average Retiree Takes Home In Every State

Social Security benefits, pensions, paychecks from post-retirement gigs, withdrawals from retirement accounts, annuities, CDs and bonds: they can all be a part of retirement income, which if you're...

2024-04-21T23:19:41Z

China's economy is going through a 'slow, painful, grinding adjustment,' analyst says

Beijing's economic outlook for the second half of the year is now "flashing red, or pretty close to red," said Eswar Prasad, professor of international trade and economics at Cornell University.

2024-09-16T08:03:11Z

Oil stares at a bleak future as China's economy sputters. The good news: A market 'bust' is unlikely

Lower oil prices were the dominant theme in Asia's largest oil conference. The question was not whether oil will go lower, but mostly by how much will it decline in the coming years.

2024-09-18T00:50:14Z

12 Best Aldi Items To Buy for Less Than $10

It's no secret that Aldi's a great place to shop when you're on a budget. The grocery store's motto is to provide great quality items at everyday low prices, something they've been striving to do for...

2024-01-31T20:13:28Z

T-Mobile expects adjusted free cash flow between $18 billion and $19 billion in 2027

(Reuters) - Telecom operator T-Mobile said on Wednesday it expects adjusted free cash flow to be between $18 billion to $19 billion in 2027. The company expects to add 12 million 5G broadband customers by 2028, CEO Mike Sievert said at T-Mobile's Capital Markets Day. T-Mobile, one of the top three carriers in the U.S., has seen increased adoption for its premium plans that offer streaming

2024-09-18T18:41:09Z

Colombia government will not change proposed 2025 budget value, finance minister says

By Nelson Bocanegra BOGOTA (Reuters) - Colombia's government will not modify the value of 523 trillion pesos ($123.9 billion) for its proposed 2025 budget, Finance Minister Ricardo Bonilla said in an interview on Tuesday. Furthermore, if Congress does not approve a proposed fiscal reform, which it hopes will raise an additional 12 trillion pesos, the government will look to cut costs, he told

2024-09-17T21:40:08Z

5 of the Best Places to Put Your Money as Interest Rates Fall

Sinking rates make savings accounts and certificates of deposit less attractive. Are these alternatives better for you?

2024-09-18T20:11:22Z

7 Halloween Items To Get at Walmart That Cost Way More at Target

Halloween is rapidly approaching, and if you haven't gotten around to shopping for everything you need ahead of spooky season, now is the time to do it. To help you out, GOBankingRates looked at some...

2024-09-18T13:15:27Z

Microsoft and BlackRock to launch $30 billion fund for AI infrastructure

(Reuters) -BlackRock is planning to launch a more than $30 billion artificial intelligence investment fund with Microsoft to build data centers and energy projects to meet growing AI-related demands. MGX, the Abu Dhabi-backed investment company, will be a general partner in the fund, while AI chip firm Nvidia will provide expertise. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by

2024-09-17T20:40:02Z

Australia's Harvey Norman served with class action over warranties

(Reuters) - Australia's biggest appliance retailer Harvey Norman and one of its units have been served with a class action lawsuit on behalf of consumers who were allegedly sold bad warranties, law firm Echo Law said on Wednesday. The class action is based on allegations that extended warranties sold by Harvey Norman offered "little or no value," because consumers were already guaranteed the same

2024-09-18T06:00:38Z

Canadian union, GM reach tentative agreement

(Reuters) - Canadian labor union Unifor said on Wednesday it has reached a tentative agreement with General Motors for workers at automakers' plant in Ingersoll, Ontario. Both parties had extended a deadline late on Tuesday for reaching a deal, and the Unifor Local 88 had previously said that 97% of its more-than-1,300 members were in favour of stopping work at the CAMI plant if a deal was not

2024-09-18T08:00:36Z

Express Scripts sues FTC over drug pricing report

By Jody Godoy NEW YORK (Reuters) -Pharmacy benefit manager Express Scripts sued the U.S. Federal Trade Commission on Tuesday over the regulator's recent drug pricing report, calling the report's conclusion that the prescription middlemen raise drug costs defamatory. The lawsuit asks a federal judge in St. Louis, Missouri to order the FTC to take the report down and recuse Chair Lina Khan from

2024-09-17T13:59:42Z

Philip Morris to sell Vectura for $198 million after health shift criticism

(Reuters) -Philip Morris International's Vectura Fertin Pharma said on Tuesday it would sell its asthma inhaler maker Vectura Group to Molex Asia Holdings for 150 million pounds ($198 million). Marlboro maker PMI bought Vectura in September 2021 as part of a plan to transform itself into a "broader healthcare and wellness" group, a shift it says has been hampered by critics. PMI acquired Vectura

2024-09-17T15:54:47Z

Alaska CEO sees 'significant improvement' at Boeing after door plug incident

(Reuters) - Alaska Airlines CEO Ben Minicucci said the airline has seen "significant improvement" at troubled planemaker Boeing in recent months after a door plug missing key bolts blew off one of the carrier's new 737 MAX 9 jets at 16,000 feet in January. "We saw a lot of significant improvement in the last few months," Minicucci said in an interview, adding he spoke recently to new Boeing CEO

2024-09-18T14:00:55Z

Meta bans RT and other Russian state media networks

By Katie Paul NEW YORK (Reuters) -Facebook owner Meta said on Monday it was banning RT, Rossiya Segodnya and other Russian state media networks from its platforms, claiming the outlets had used deceptive tactics to carry out covert influence operations online. The ban marks a sharp escalation in actions by the world's biggest social media company against Russian state media, after it spent years

2024-09-17T09:19:30Z

Nikkei falls over 1% as yen strengthens; Asia markets trade mixed ahead of Fed meeting

Investors in Asia await the Fed meeting beginning Tuesday stateside as markets debate the size of the central bank's expected rate cut.

2024-09-16T23:58:54Z

China says will negotiate 'until the last minute' on EU EV probe

HONG KONG (Reuters) -China's commerce minister said on Wednesday that Beijing will continue to negotiate "until the last minute" on the European Union's electric vehicle probe, with the investigation undermining confidence of Chinese companies investing in Europe. Wang Wentao was speaking in Brussels at a China-Europe Electric Vehicles event where around 30 top executives of Chinese and European

2024-09-19T01:06:21Z

Boeing suspends jobs for thousands after strike

Boeing says it is suspending jobs for thousands of staff in the US due to a worker strike.

2024-09-18T17:39:55Z

Google wins challenge against 1.49 billion euro EU antitrust fine

By Foo Yun Chee BRUSSELS (Reuters) - Alphabet unit Google won its challenge on Wednesday against a 1.49 billion euro ($1.66 billion) antitrust fine imposed five years ago for hindering rivals in online search advertising, a week after it lost a much bigger case. The European Commission in its 2019 decision said Google had abused its dominance to prevent websites from using brokers other than its

2024-09-18T09:00:38Z

5 of the Worst Fast Foods for Your Health — and 5 That Aren’t so Terrible

Here are the best — and worst — options for your health at 24 chains.

2024-09-18T21:41:32Z

Nearly 100 Books to Help You Make the Most Your Retirement, Time and Money

These titles can help you plan for and navigate a long, healthy and financially sound life.

2024-09-18T14:11:28Z

UAW members at Ford's River Rouge tool and die unit set strike deadline

(Reuters) - The United Auto Workers (UAW) union said on Wednesday it has set a strike deadline at Ford's tool and die unit in the River Rouge Complex over local contract issues. Ford's Rouge Complex - which employs about 6,000 - has more than 500 workers in the tool and die unit, according to a union official. The union said it will go on strike on Sept. 26 if local contract issues are not

2024-09-18T22:21:16Z

Women in tech groups 'can’t run on inspiration alone'

Groups supporting women in science, technology, engineering and maths are struggling for funds.

2024-09-15T23:39:21Z

10 Personal Finance Fads That Are Totally Buzzing Right Now

Could social media help you get a better handle on your financial goals?

2024-09-18T21:26:41Z

Mexican-American media company TelevisaUnivision to replace Wade Davis as CEO

MEXICO CITY (Reuters) - The chief executive of TelevisaUnivision, a Mexican-American media company that combines content from two of the largest Spanish-language broadcasters, will be replaced, according to two sources with knowledge of the plan, with the shake up expected as soon as Wednesday evening. Davis, who had been CEO since the joint venture was formed in 2021, will likely be succeeded by

2024-09-18T22:21:15Z

9 Sedans That Last Longer Than You Think and Are Worth the Money

While many early examples had two doors, we typically use "sedan" to describe four-door, "three-box" (engine, cabin, trunk), fixed roof cars. However, with Americans continuing to choose the...

2024-09-18T17:45:14Z

See What the Average American Family Takes Home After Taxes in Every State

"In this world, nothing is certain except death and taxes," Benjamin Franklin once famously said. All of these years later, he's still spot on. No matter how lucrative your job is, paying taxes is...

2024-02-22T12:19:58Z

BofA appoints Citi's Okpara as accounting chief

(Reuters) -Bank of America has hired Citigroup's former Chief Accounting Officer Johnbull Okpara to the same role, according to a memo seen by Reuters. Okpara, who resigned from Citi earlier in the month after a stint of nearly 4 years, will replace long-serving accounting chief of Bank of America, Rudolf Bless. Joining in December, Okpara will work with Bless during a transition period into

2024-09-17T09:19:29Z

Boeing to temporarily furlough tens of thousands of employees

By David Shepardson (Reuters) -Boeing said on Wednesday the planemaker will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its 737 MAX and other airplanes. "We are initiating temporary furloughs over the coming days that will impact a large number of US-based executives, managers and employees," CEO Kelly Ortberg

2024-09-18T16:51:06Z