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Regulators to scrutinise any Commerzbank-UniCredit deal, Nagel says

BERLIN (Reuters) - The head of Germany's central bank said on Friday that authorities would take a "very close look" at UniCredit's overtures to potentially buy Germany's Commerzbank, a sign that any deal would come under intense scrutiny. The comments by Joachim Nagel, head of the Bundesbank, are the most extensive by a top supervisor since Italy's second-largest bank swooped to take a 9% stake

2024-09-13T09:04:54Z

What Is the No. 1 Household Expense in Every State?

From the majestic mountains of Montana to the delectable crabs in Maryland (don't forget the Old Bay, hon), the surfing in Hawaii to the gorgeous fall foliage of Vermont, every state is known for the...

2024-02-29T15:22:53Z

Walgreens agrees to pay $106.8 million to settle US charges over prescription billing

(Reuters) - Walgreens Boots Alliance agreed to pay $106.8 million to settle charges it billed the U.S. government for prescriptions that were never dispensed, the Department of Justice said on Friday. The Justice Department said that from 2009 to 2020, Walgreens submitted false claims for payment to Medicare, Medicaid and other federal health care programs for prescriptions it processed but which

2024-09-13T19:15:21Z

S&P Global Ratings says extended worker strike may hurt Boeing's rating

(Reuters) -S&P Global Ratings said on Thursday if Boeing faces an extended worker strike, it could delay the planemaker's recovery and hurt its overall rating. Boeing's U.S. West Coast factory workers started voting on Thursday on a much-criticized new contract and a possible strike, piling pressure on the company as it wrestles with chronic production delays and mounting debt. A potential

2024-09-12T15:14:00Z

Trump allies are working on plans to privatize Fannie and Freddie, WSJ reports

(Reuters) - Allies of Republican U.S. presidential candidate Donald Trumps and bankers have been discussing plans on ending U.S. government control of the mortgage-finance firms Fannie Mae and Freddie Mac if he wins the election, the Wall Street Journal reported on Thursday. Trump confidants including former National Economic Council director Larry Kudlow and former White house presidential

2024-09-13T04:49:42Z

15 States Where the Middle Class Is Thriving

The definition of "middle class" has changed over the decades. Most middle-class households earn around $80,000 a year. However, you could fall into this category if you make anywhere from $45,000 to...

2023-12-05T13:11:19Z

Analysis-Arizona's battle over crucial copper mine poised to sway US election

By Ernest Scheyder (Reuters) - Native American opposition to Rio Tinto and BHP's Resolution Copper mine could prove crucial for the 2024 U.S. presidential vote in the battleground state of Arizona, underscoring the high tension over where best to extract critical minerals for the energy transition. The mine would, if built, supply more than a quarter of America's appetite for copper and be a key

2024-09-12T18:44:16Z

Chemicals maker Dow lowers Q3 revenue forecast on partial outage at Texas plant

By Sourasis Bose (Reuters) -U.S. chemicals maker Dow lowered its third-quarter revenue forecast on Thursday due to a partial outage at one of its plants in Texas following Hurricane Beryl. The company's CEO Jim Fitterling told a Morgan Stanley conference that one of its ethylene crackers went offline in July as it was ramping up operations after the hurricane. The impact of the outage could

2024-09-12T17:34:05Z

ECB cuts interest rates as growth dwindles

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth in the euro zone falters, but gave few clues to its next step, even as investors bet on steady policy easing in the months ahead. The ECB lowered its deposit rate by 25 basis points to 3.50%, following up on a similar cut in June as

2024-09-12T15:14:01Z

5 Latin American Travel Packages To Try This Fall for Under $1,500

If you're looking to explore Latin America this fall without blowing your budget, several travel packages are available now that offer great value with round-trip flights and hotel stays included. For...

2024-09-13T15:13:28Z

10 Awesome Back-to-School Items From Target for Less Than $20

It's officially back-to-school season, which likely means you have a long list of supplies you need to get ahead of the new school year. From pencils to backpacks to tech gear, these expenses can...

2023-08-12T11:01:47Z

White House officials signal delay in U.S. Steel takeover decision, Washington Post reports

(Reuters) - White House officials have signaled a delay in taking a decision regarding the takeover of U.S. Steel by Japan's Nippon Steel, the Washington Post reported on Friday. The Committee on Foreign Investment in the United States, Nippon and U.S. Steel all declined to comment. The White House did not immediately respond to a Reuters request for comment. Nippon Steel and U.S. Steel had sent

2024-09-13T18:20:19Z

The 15 Most Unionized Places in America

Unions in these metro areas understand the power of collective bargaining.

2024-09-13T18:39:23Z

European banks rise as UniCredit's move on Commerzbank lifts M&A prospects to forefront

By Gianluca Lo Nostro and Philippe LeroyBeaulieu (Reuters) - Shares in European banks continued their upward trend on Thursday, mostly driven by the read-across from UniCredit's sweep to buy a 9% stake in Germany's Commerzbank a day earlier. The banking sub-index of the pan-European STOXX 600 was 1.9% higher by 1010 GMT, as analysts flagged increased prospects for mergers and acquisitions (M&A)

2024-09-12T10:38:50Z

Goldman Sachs still sees 25 basis point Fed cut next week

(Reuters) - Goldman Sachs on Friday said it continues to call for a quarter percentage point easing at next week's Federal Open Market Committee meeting, which contrasted with news stories about refreshed speculation of a more aggressive cut. Former New York Federal Reserve President Bill Dudley said on Thursday there was a strong case for a 50-basis-point interest rate cut at the Fed's Sept. 17-

2024-09-13T20:10:16Z

Explainer-Union rules set high bar to Boeing U.S. worker strike

By Allison Lampert (Reuters) - Boeing faces a likely strike on Friday by more than 30,000 workers that could shutter its Seattle-area plane factories over demands for a bigger pay increase than the 25% over four years that union leaders agreed to. If there is no strike, the unionized workers could have to swallow a contract that most of them have said they oppose. That is because they need a

2024-09-12T18:44:15Z

Alibaba’s Taobao shopping app launches AI-powered English version in Singapore, jumps to first place in Apple’s App Store

Alibaba's Taobao app topped Singapore's Apple Store charts after launching an AI-powered English version on Tuesday, boosting accessibility for users.

2024-09-13T02:59:15Z

Boeing says it is ready to negotiate new agreement after workers vote to strike

SEATTLE (Reuters) - Boeing said late on Thursday it was ready to get back to negotiations to reach a new agreement after its U.S. West Coast factory workers voted down a tentative contract deal and said they would go on strike. International Association of Machinists and Aerospace Workers (IAM) members voted 96% in favor of striking and 94.6% to reject the agreement. "The message was clear that

2024-09-13T06:54:39Z

Goldman Sachs hires Melissa Goldman as partner for technology role, memo says

NEW YORK (Reuters) - Goldman Sachs has hired Melissa Goldman as a partner and global head of technology engineering for its global banking and markets division, according to a memo seen by Reuters on Thursday. Having worked for the firm previously, she is the fourth Goldman Sachs alumni to return as a partner this year. This group includes Robert Kaplan, the former president of the Federal

2024-09-12T20:54:13Z

FuboTV's antitrust trial against Disney, media giants set to begin in October 2025

(Reuters) - FuboTV's antitrust trial against the launch of a new sports streaming service by Walt Disney, Fox and Warner Bros Discovery is set to begin on Oct. 6 next year, according to a court filing on Thursday. A U.S. judge had temporarily blocked Venu Sports, a joint venture backed by the three media giants, after rival sports streaming service FuboTV accused them of antitrust practices that

2024-09-12T23:04:37Z

Australia's Star faces likely casino licence pull or $67 million fine for regulatory breaches

(Reuters) - The casino commission in Australia's biggest state said on Friday it may cancel Star Entertainment's Sydney licence or fine it up to A$100 million ($67.2 million) after an inquiry found breaches of anti-money laundering protocols. The New South Wales Independent Casino Commission (NICC) has served the casino giant a disciplinary notice that relates to four significant breaches

2024-09-13T04:49:41Z

8 Best Home Deals at Kohl’s This September

This September, Kohl's has tons of can't-miss deals to shop across all aspects of home. From bedding to small kitchen appliances, shoppers can score huge savings online on some of the biggest name...

2024-09-13T14:13:16Z

Japan August inflation seen accelerating, boosting case for BOJ rate hike - Reuters poll

By Satoshi Sugiyama TOKYO (Reuters) - Japan's consumer inflation rate likely picked up for the fourth straight month in August, a Reuters poll of 20 economists showed, tracking comfortably above the central bank's 2% target and keeping alive expectations for more rate hikes ahead. Other data next week is expected to show that exports in August continued to grow amid a recovery in chip-related

2024-09-13T03:49:40Z

Mastercard to buy threat intelligence company Recorded Future for $2.65 billion

(Reuters) -Mastercard has agreed to buy threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion, the payments company said on Thursday. The acquisition will add to Mastercard's existing suite of cybersecurity services, bringing expanded threat intelligence capabilities to its network of merchants and financial institutions. The deal is expected to

2024-09-12T11:43:44Z

US OCC issues enforcement action against Wells Fargo

(Reuters) -The Office of the Comptroller of the Currency (OCC), a top banking regulator in the United States, said on Thursday it has issued an enforcement action against Wells Fargo due to deficiencies in its risk management practices. Shares of the bank fell 5% in afternoon trading. The regulator said it had identified deficiencies relating to the bank's financial crimes risk management

2024-09-12T18:44:08Z

Chemicals maker Dow lowers Q3 revenue forecast on unplanned event in Texas plant

(Reuters) - U.S. chemicals maker Dow lowered its third-quarter revenue forecast on Thursday due to an unplanned event at one of its plants in Texas. The company's CEO, Jim Fitterling, said a significant unplanned event occurred in late July at one of its ethylene crackers in the Texas plant. Dow is also experiencing higher input costs and margin compression in Europe, he added. The company

2024-09-12T12:58:53Z

Russia's central bank warns Western banks not to discriminate against Russian clients

MOSCOW (Reuters) - Russia's central bank has sent a stark warning to subsidiaries of Western banks remaining in Russia not to discriminate against their Russian clients by denying them services such as transferring money abroad, as the banks come under pressure from Western regulators. Austria's Raiffeisen and Italy's UniCredit are the biggest foreign banks still present in Russia despite

2024-09-13T13:25:02Z

Union Pacific says rail services restored on lines impacted by hurricane Francine

(Reuters) - U.S. railroad Union Pacific said on Thursday that all of its rail lines impacted by hurricane Francine have been restored to service, but cautioned that customers with shipments moving through the impacted area may still experience delays. The railroad said it has completed all necessary inspections for service resumption and deployed generators in areas without commercial power.

2024-09-12T18:44:17Z

18 Hazardous Products That Were Recalled This Week

Foods, drugs, supplements, medical devices and other products get recalled more often than you might realize.

2024-03-08T21:18:12Z

Couche-Tard considering raising offer price for Seven & i, Bloomberg News reports

TOKYO (Reuters) - Canada's Alimentation Couche-Tard is discussing how much it could raise the offer price to buy Japan's Seven & i Holdings, Bloomberg News reported on Thursday, citing unnamed sources familiar with Couche-Tard's internal talks. Couche-Tard earlier this week said it was willing to continue the buyout talks after Seven & i rejected its $38.5 billion offer. Couche-Tard must offer a

2024-09-12T03:08:28Z

25 Cheap Foods To Buy When You’re Broke

If you're on a budget, your diet doesn't need to be solely based on eating ramen noodles for breakfast, lunch and dinner. Discover More: 6 Things You Shouldn't Buy at Walmart While on a Retirement...

2022-10-04T12:11:53Z

Factbox-Boeing strike puts spotlight on 737 MAX customers waiting for deliveries

(Reuters) - Boeing's West Coast factory workers walked off the job early on Friday after they unanimously rejected a contract, halting production of the company's best-selling 737 MAX jet. The planemaker has more than 4,700 of the jets on order, with Southwest Airlines, United Airlines, and Lion Air the top three customers awaiting deliveries, according to aviation data provider Cirium. Below is

2024-09-13T15:30:05Z

Occidental's 1PointFive secures funding of up to $500 million from US DOE

(This Sept. 12 story has been corrected to say that BlackRock provided funding to the firm's Stratos facility in Odessa, Texas, not the South Texas DAC hub, in paragraph 2) (Reuters) - Occidental Petroleum's carbon capture and sequestration unit 1PointFive said on Thursday that the U.S. Department of Energy's Office of Clean Energy Demonstrations has committed up to $500 million to support the

2024-09-13T15:30:08Z

Mastercard bolsters threat intelligence capabilities with $2.65 billion deal for Recorded Future

(Reuters) -Mastercard has agreed to buy threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion, the payments company said on Thursday. The acquisition will bring expanded threat intelligence capabilities to the New York-based payments firm, which recorded $9 trillion in gross dollar volumes last year, a metric that represents the total dollar value

2024-09-12T15:19:00Z

Delta Air sees improvement in unit revenue trends, shares rise

(Reuters) -Delta Air Lines said on Thursday it was seeing an improvement in third-quarter unit revenue trends, citing strength in travel demand and moderating capacity across the industry. The airline also said it was expecting its third-quarter profit per share to be in the top end of its previous forecast range of $1.70 to $2.00, excluding the 45 cents per share impact related to a global cyber

2024-09-12T14:03:51Z

4 Reasons Retirement Is Looking Risky for the Middle Class

When Americans describe their financial circumstances, it's clear they are not well prepared for their golden years.

2024-09-13T17:09:19Z

How Much Should You Have in Your Retirement Account at Every Stage of Life?

In your 20s, you start your career and make real money for the first time and your money spending habits change. After living with your parents or in a college dorm, you can afford your place and...

2021-11-17T19:55:57Z

This Is the Minimum You Need Saved for Retirement in Every State

Retirement planning is crucial, and the amount you need can vary widely depending on where you plan to retire. GoBankingRates looked at the cost of living, healthcare, housing, grocery prices and...

2024-09-10T18:12:08Z

7 Travel Destinations With Plummeting Prices This Fall

According to a new report from Washington State University's Carson College of Business, 96% of Americans expect inflation to influence an aspect of their future travel plans, with 47% of the...

2024-09-13T16:28:20Z

Japan says Seven & i now 'core' to national security

By Makiko Yamazaki TOKYO (Reuters) -Japanese retail giant Seven & i Holdings has been classified as "core" to national security, according to an updated finance ministry list released on Friday. The new classification comes a week after Seven & i rejected a $38.5 billion buyout offer from Canada's Alimentation Couche-Tard. Couche-Tard is discussing potentially raising its offer price, according

2024-09-13T07:59:50Z

Boeing eager to return to union talks as strike shuts factories

By Joe Brock and David Shepardson SEATTLE (Reuters) -Boeing is eager to get back to the bargaining table and reach a settlement after U.S. West Coast factory workers walked off the job on Friday, the latest crisis for a planemaker under heavy scrutiny from U.S. regulators and customers after a door panel blew off a 737 MAX jet mid-air in January. The mounting crises hit Boeing's stock and

2024-09-13T17:25:15Z

Microsoft 365 down for thousands of users, Downdetector shows

(Reuters) - Microsoft's suite of productive software was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. There were more than 18,000 incidents of people reporting issues with Microsoft 365, according to Downdetector, which tracks outages by collating status reports from a number of sources, including user-submitted errors on its platform. (

2024-09-12T12:53:54Z

Boeing workers going on strike after 96% vote for walkout

By Joe Brock and David Shepardson SEATTLE (Reuters) -Boeing's U.S. West Coast factory workers will walk off the job after 96% voted on Thursday in favor of a strike, halting production of the planemaker's strongest-selling jet as it wrestles with chronic output delays and mounting debt. The workers' first strike since 2008 will start at midnight Pacific time (0700 GMT) as Friday begins, just

2024-09-13T06:54:48Z

Navient to face US student loan ban, pay $120 million to resolve CFPB lawsuit

(Reuters) -A U.S. regulator on Thursday said it was banning Navient from servicing federal student loans, largely barring the company from a market it once led, and ordered the company to pay $120 million for years of student lending failures. The U.S. Consumer Financial Protection Bureau said the ban would prevent Navient from servicing federal direct loans, and from directly servicing or

2024-09-12T15:13:58Z

Factbox-Seven previous strikes by Boeing's US factory workers

(Reuters) - The International Association of Machinists and Aerospace Workers (IAM) is the largest aerospace union in North America and represents Boeing's U.S. West Coast factory workers. IAM workers have gone on strike seven times since the Boeing section was established in the 1930s, according to IAM documents. 1948 Workers staged their longest strike, lasting 140 days, over seniority and

2024-09-13T04:49:40Z

Here’s the Annual Income You Need To Afford Rent in the 5 New York City Boroughs

It's no secret that New York City is an expensive place. Anyone who has set foot in Times Square, seen a Broadway show or hailed a cab from LaGuardia Airport will likely share their experience of...

2024-09-13T11:13:12Z

The Ideal Retirement Withdrawal Rate to Make Sure Your Savings Last

The old rule may not apply anymore. Here's how to better plan for spending after you retire.

2024-09-13T14:09:31Z

Ratings agency Fitch says extended strike at Boeing poses downgrade risk

(Reuters) -Fitch said on Friday an extended strike at Boeing could pose a credit ratings downgrade risk and would impact the planemaker's operations and finance. Boeing's U.S. West Coast factory workers walked off the job on Friday after rejecting a contract deal, halting production of its best selling 737 MAX jet. The first labor strike since 2008 coincides with a period of intense scrutiny of

2024-09-13T17:25:15Z

Blackstone considers selling visa firm VFS Global, Bloomberg News reports

(Reuters) -Blackstone is considering options including a sale of its majority stake in visa application outsourcing and technology services firm VFS Global after receiving interest from prospective investors, Bloomberg News reported on Thursday. A potential transaction could value VFS at about $7 billion, Bloomberg reported, citing people familiar with the matter. Blackstone and VFS did not

2024-09-13T04:49:37Z

6 2025 Luxury Cars That Last Longer Than You Think and Are Worth the Money

If you're going to buy luxury, you want it to last. That's true when it comes to purchasing a new car. As we head into the final part of 2024, you may be searching through the 2025 luxury car options...

2024-09-13T17:28:17Z