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EU-Mercosur trade talks progress on divisive issues, sources say

BRASILIA (Reuters) - European Union and South American negotiators ended two days of trade negotiations on Friday with "significant progress" on contentious issues that have been holding up the long-overdue EU-Mercosur agreement, two sources close to the talks said. The sources said the meeting, the first in-person talks since April, went well and negotiations still seem to be on course for a

2024-09-06T22:07:04Z

Chrysler-parent Stellantis recalls 1.46 million vehicles worldwide

By David Shepardson WASHINGTON (Reuters) -Chrysler parent Stellantis said Saturday it is recalling 1.46 million vehicles worldwide due to a software malfunction in the anti-lock brake system that can increase the risk of a crash. The recall includes nearly 1.23 million Ram 1500 trucks from the 2019 and 2021-2024 model years in the United States, as well as about 159,000 vehicles in Canada,

2024-09-07T13:17:51Z

Salesforce to buy data protection provider Own Company for $1.9 billion

(Reuters) -Salesforce said on Thursday it would buy Own Company, a provider of data protection and data management solutions, for $1.9 billion in cash. The acquisition comes at a time when customers are increasingly focused on mitigating data loss due to system failures, human error, and cyberattacks. Salesforce said it expects to achieve accretion on a free cash flow basis starting in the

2024-09-05T20:55:41Z

US regulator approves BlackRock's $12.5 billion deal for Global Infrastructure Partners

(Reuters) - The U.S. Federal Energy Regulatory Commission on Friday approved BlackRock's $12.5 billion deal for Global Infrastructure Partners. Under the deal, which was announced earlier this year, BlackRock said it would pay $3 billion in cash and roughly 12 million BlackRock shares to acquire the asset management giant. BlackRock and Global Infrastructure Partners declined to comment. Last

2024-09-07T01:07:08Z

4 Walmart Items Retirees Need To Buy Before Summer Ends

Being retired means that you are likely on a fixed income. Through a combination of Social Security, 401(k)s and personal savings, you are probably looking for ways to stretch your money each month to...

2024-09-07T18:11:06Z

10 Best Great Value Items To Buy at Walmart in September

It's September, and that means back-to-school season and the start of college for many. Let's not forget that this month also gives us the first taste of Fall, with Halloween and all things pumpkin...

2024-09-07T16:25:46Z

5 Safe, Affordable New Cars To Give as Gifts in 2024

For years, you've seen holiday commercials where a lucky spouse or child is brought outside into the pristine snow with the promise of one final gift. One that can't quite fit under the tree. You've...

2024-09-07T16:25:50Z

Seven & i says Couche-Tard's $14.86 per share offer is not adequate

TOKYO (Reuters) -Japanese retail giant Seven & I Holdings said on Friday Canada's Alimentation Couche-Tard had offered to buy the company for $14.86 per share in cash, but it rejected the proposal as not being in the interest of shareholders. The Japanese retail giant said it was open to "sincerely consider" any proposals. But it would "resist any proposal that deprives our shareholder of the

2024-09-06T01:15:58Z

Oil steadies on U.S. crude stock drawdown, OPEC+ output hikes delay

By Nicole Jao (Reuters) - Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC+ producers against mixed U.S. employment data. Brent crude futures rose 19 cents, or 0.26%, to $72.88 at 0010 GMT, and U.S. West Texas Intermediate crude futures were up 22 cents, or 0.32%, to $69.37. "Crude oil edged

2024-09-06T01:16:01Z

India and Singapore agree to cooperate on chips as countries seek to strengthen partnership

"Singapore is not just a partner, it is an inspiration for every developing country. We want to create a bunch of Singapores in India," Modi said in a meeting with Wong.

2024-09-05T07:50:23Z

Bolivia inflation nears decade-high in August

LA PAZ (Reuters) - Bolivian inflation hit its highest level in nearly ten years, data from the South American country's national statistics office INE showed on Friday, hitting a 12-month rate of 5.19%, with a monthly increase of 1.58%. This marks the strongest inflation in close to a decade, and remains far above the central bank 3.6% target for this year. Annualized inflation last exceeded

2024-09-07T01:07:08Z

Japan's Seven & i rejects Couche-Tard's $38.5 billion takeover offer

By Mariko Katsumura, Scott Murdoch and Kane Wu TOKYO (Reuters) -Japanese retail giant Seven & i Holdings said on Friday it had turned down Canada's Alimentation Couche-Tard's $38.5 billion cash bid, rejecting an offer that would be the largest-ever foreign buyout of a Japanese company. 7-Eleven operator Seven & i said the takeover proposal was not in the best interest of shareholders and was

2024-09-06T07:46:19Z

Red Lobster receives court approval for sale to Fortress

By Dietrich Knauth NEW YORK (Reuters) - Restaurant chain Red Lobster on Thursday received court approval for a restructuring that will allow the company to emerge from bankruptcy under the ownership of a Fortress Investment Group-led coalition of lenders. Red Lobster said the restructuring will allow it to keep all 544 current locations open and preserve jobs for 30,000 employees. The Orlando,

2024-09-05T20:55:42Z

Durov says Telegram will tackle criticism of how it moderates content

(Reuters) -Telegram boss Pavel Durov said on Friday that the messaging app would tackle criticism of its content moderation and remove some features that had been abused for illegal activity. Durov, who was last week placed under formal investigation in France in connection with the use of Telegram for crimes including fraud, money laundering and sharing images of child sex abuse, announced the

2024-09-06T15:11:42Z

7 Dollar Tree Items Retirees Need To Buy Ahead of Fall 2024

What should retirees buy at Dollar Tree this fall? Most retirees know that the store has affordable cleaning supplies and paper products, for example, so those items are go-to essentials. What else...

2024-08-18T16:10:58Z

Massachusetts regulators fine Morgan Stanley over First Republic insider sales

(Reuters) -Massachusetts securities regulators have fined Morgan Stanley $2 million for failing to properly monitor trades by a First Republic Bank insider before the bank failed, according to a spokesperson for the regulator and a consent order disclosed on Friday. Morgan Stanley held the account for a former insider at First Republic, and failed to affirm with the customer that the individual

2024-09-06T18:51:53Z

DSV ahead in bidding for Deutsche Bahn's Schenker, sources say

BERLIN (Reuters) - Danish transport firm DSV is slightly ahead in the bidding race for German state railway Deutsche Bahn's logistics unit Schenker, several people familiar with the sales process told Reuters on Friday. DSV's offer is currently seen as the most attractive, the sources said after a meeting of a government committee that evaluated the bid along with a competing bidder, a consortium

2024-09-06T13:11:40Z

Japan's Seven & i says Couche-Tard's $38.5 billion offer is not adequate

By Mariko Katsumura and Scott Murdoch TOKYO (Reuters) -Japanese retail giant Seven & i Holdings said on Friday it had rejected Canada's Alimentation Couche-Tard's $38.5 billion cash bid for the company because the proposal was not in the interest of shareholders. The value of the offer, disclosed on Friday as $14.86 per share, would make a successful deal the largest-ever buyout of a Japanese

2024-09-06T02:21:03Z

6 Affordable Trader Joe’s Beauty Products That Are as Good as the Luxury Version

Trader Joe's is well known for its affordable grocery items, but you may be overlooking some of the best products the store has to offer if you are skipping over the beauty section. Discover More: 9...

2024-09-07T16:25:54Z

Fed seeks feedback on emergency lending operations

By Pete Schroeder WASHINGTON (Reuters) - The Federal Reserve said on Thursday it was seeking feedback on how it operates its "discount window," which is intended to provide emergency lending to banks in times of stress. The Fed said it wanted comments on various aspects of how banks deal with the window, including the collection of legal documentation, pledging and withdrawing collateral, and

2024-09-05T18:35:40Z

The Line Between Middle Class and Upper Middle Class in Every State

What does it mean to be an American earning enough money for a middle-class income in your state of residence? The answer considers various income ranges differing from lower, middle of and upper...

2024-06-01T11:28:49Z

Italy turns to Vietnam, Mexico for auto part exports to counter German weakness

CERNOBBIO, Italy (Reuters) - Italy is looking to Mexico and Vietnam as it seeks alternative export markets for its production of automotive components, in anticipation of weaker demand from Germany amid the Volkswagen crisis, an Italian minister said. "We are aware of the situation Germany is facing in the automotive industry," Foreign Minister Antonio Tajani on Friday told reporters on the

2024-09-06T12:06:36Z

7 Costco Items You Should Buy in Bulk Now Before Winter Hits

The weather is starting to turn and soon it'll be time to hibernate. But before you head in for the winter, you might want to stock up (and potentially save money) on several items to keep you cozy...

2024-09-07T15:11:09Z

Texas gas plant proposal rejected from state financing program

NEW YORK (Reuters) - Texas energy regulators have denied public funding requests for a proposed power plant days after naming the project as a finalist for a new state program aimed at building out natural gas-fired electricity generation, state documents show. The Public Utility Commission of Texas (PUTC) rejected the application for state-backed funding late on Wednesday for a 1.3 gigawatt

2024-09-05T19:45:38Z

Star Entertainment to sell leasehold interest in casino building for $45 million

(Reuters) - Star Entertainment said on Friday its unit will sell its leasehold interest in the Treasury Brisbane Casino building in Queensland for A$67.5 million ($45.5 million). The casino operator added that the sale was subject to conditions including consent from the government and a new lease in a suitable form being granted. ($1 = 1.4852 Australian dollars) (Reporting by Roshan Thomas in

2024-09-06T09:56:26Z

KinderCare revives plans for long-sought US IPO

(Reuters) -KinderCare Learning Companies, a provider of early childhood education that first filed for a stock market listing three years ago, is rebooting its bid for an initial public offering in the United States. The IPO would be among the first major moves by KinderCare's new CEO Paul Thompson, who took over the reins in June after his predecessor Tom Wyatt's 12-year stint. The 55-year-old

2024-09-06T22:52:08Z

BofA accused by whistleblower of sharing nonpublic information, WSJ reports

(Reuters) -A whistleblower complaint has alleged that Bank of America shared nonpublic information with some investors before it sold roughly $200 million worth of stock for some clients in India, the Wall Street Journal reported on Thursday. A Bank of America spokesperson told Reuters it had found no evidence to support these claims. "We take complaints seriously and thoroughly investigate them

2024-09-05T19:50:37Z

Goldman Sachs expects OPEC+ production increases to start in December

(Reuters) - Goldman Sachs adjusted its expectations for OPEC+ oil production saying it now expects three months of production increases starting from December instead of October, the bank said in a note on Friday. OPEC+ has agreed to delay a planned oil output increase for October and November, the producers group said on Thursday after crude prices hit their lowest in nine months, adding it

2024-09-07T00:22:13Z

Japan to give new subsidies for domestic EV battery output

TOKYO (Reuters) -Japan will hand out more subsidies for electric-vehicle battery production, pledging as much as $2.4 billion in support for related projects by Toyota Motor and other major companies, as it seeks to strengthen its battery supply chain. The government will support 12 projects for storage batteries or those for their parts, materials or production equipment by up to 350 billion yen

2024-09-06T05:36:09Z

RBC's US global asset management head sees growth in emerging markets, alternative assets

By Nivedita Balu TORONTO (Reuters) -Royal Bank of Canada is betting on alternative investments and emerging markets debt and equity to boost its U.S. global asset management business, said new CEO Donald Sanya, who aims to ramp up hiring. Born and raised in Nairobi, Kenya, Sanya took charge in August and leads a team of 225 employees in the United States. The U.S. global asset management team

2024-09-06T15:11:43Z

6 Unexpected Investments That Could Soar in Value Before 2025

While none of us has a crystal ball, the path is paved for some investments to surge before 2025 if the political and economic winds blow in the right direction. Check Out: In 5 Years, These 2...

2024-09-07T18:11:02Z

Mixed jobs report adds to US economy concerns

Employers added 142,000 jobs in August, figures show, which was less than expected.

2024-09-06T12:49:58Z

Star Entertainment to sell interest in casino building amid regulatory problems

(Reuters) -Star Entertainment will sell its interest in the Treasury Brisbane Casino building in Queensland for A$67.5 million ($45.47 million), the embattled casino operator said on Friday. Star, which continues to work with its advisors to finalise its fiscal 2024 results, has been under scrutiny after New South Wales Independent Casino Commission (NICC) found it has been slow to address the

2024-09-06T11:01:31Z

12 Least Reliable Used Car Brands That Aren’t Worth the Money

Buying a used car is often the more economical choice, but if that car is prone to problems, it might not be worth any initial cost savings. That's why it's important to choose used cars that are...

2024-09-07T15:11:03Z

Japan to give up to $2.4 billion in new support for domestic EV battery production

TOKYO (Reuters) -Japan will hand out more subsidies for electric-vehicle battery production, pledging as much as $2.4 billion in support for related projects by Toyota Motor and other major companies, as it seeks to strengthen its battery supply chain. The government will support 12 projects for storage batteries or those for their parts, materials or production equipment by up to 350 billion yen

2024-09-06T06:41:15Z

Toyota, Nissan to expand Japan's battery production capacity, Nikkei reports

(Reuters) -Toyota Motor, Nissan Motor and other companies will help expand Japanese production capacity for storage batteries by around 50% with government support through a total investment of 1 trillion yen ($6.97 billion), the Nikkei reported on Friday. The investments will be mainly directed to automotive batteries and lift capacity to 120 gigawatt-hours (GWh) from 80 GWh, said the Nikkei.

2024-09-05T22:00:49Z

Central American development bank sues ex-president in US, claiming extortion, abuse of power

(Reuters) -The Central American Bank for Economic Integration said on Thursday it filed a lawsuit against its former president in U.S. district court that accuses him of attempted extortion and abusing his position. The Honduras-based development bank's claims against former Executive President Dante Mossi, who led CABEI between 2018 and 2023, include violations of racketeering laws, breach of

2024-09-05T23:05:49Z

Chinese consumer companies have a 'disproportionate' advantage over Asian peers in winning the global market

Chinese brands turning to global markets for growth have a major advantage over the first wave of Asian businesses: a large ethnic Chinese diaspora.

2024-09-04T22:34:58Z

Carlyle-backed aviation service provider StandardAero files for US IPO

(Reuters) -StandardAero, an aircraft maintenance services provider backed by private equity firm Carlyle Group and Singapore's sovereign wealth fund GIC, filed for an initial public offering in the United States on Friday. The aftermarket services industry is heating up with several aircraft equipment manufacturers also expanding into the space in recent years, as the business can fetch strong

2024-09-06T22:52:08Z

Buffett's Berkshire offloads Bank of America shares again; total sales near $7 billion

(Reuters) - Warren Buffett's Berkshire Hathaway has trimmed its stake in Bank of America once again, making the total sales since mid-July nearly $7 billion. The conglomerate, run by one of the world's most revered investors, disclosed late on Thursday it sold 18.7 million shares of the second-largest U.S. bank between Sept. 3 and Sept. 5 to rake in roughly $760 million. Berkshire continues to

2024-09-06T12:06:35Z

35 Cheapest Beach Towns You Can Afford To Live In

Beach living seems like a dream for most people. But see these beach towns that are also the cheapest places to live.

2023-08-22T17:03:51Z

US scrutinizes top airlines' frequent flyer schemes for unfair practices

By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (DOT) said on Thursday it is opening an inquiry into the four largest U.S. air carrier rewards and frequent flyer programs to ensure consumers do not face unfair, deceptive, or anticompetitive practices. Transportation Secretary Pete Buttigieg sent letters to American Airlines, Delta Air Lines, Southwest Airlines and

2024-09-05T19:45:44Z

8 Best Small Businesses To Start in Florida in 2024

If you're looking to hit it big in business in Florida, you've come to the right place. The Sunshine State's diverse economy and booming population make it a prime spot for entrepreneurs. Explore...

2024-09-07T23:26:01Z

7 Luxury Goods That Are Cheaper at Sam’s Club

When you think of Sam's Club, you might picture bulk toilet paper, giant jars of pickles and other items that fit into every budget. But did you know this warehouse store is also a secret gold mine...

2024-08-09T18:04:38Z

South Korean chip executive detained again over alleged technology leak to China

By Ju-min Park SEOUL (Reuters) - A South Korean executive accused of stealing semiconductor information developed by Samsung Electronics has been detained again on fresh allegations related to the theft of chip processing technology, a court official and his lawyer said on Friday. The Seoul Central District Court issued a warrant to detain Choi Jinseog on Thursday due to concerns he was a flight

2024-09-06T04:31:10Z

Here’s What the US Minimum Wage Was the Year You Were Born

Although minimum wage is higher now than it was years ago, it isn't keeping up with the cost of living. Look at how minimum wage has changed over the years.

2021-12-25T14:26:12Z

Don’t Buy a House in these 20 Cities With the Most Closures of Stores and Businesses

When you think of where to buy a home, you may be thinking about the many aspects that factor into a city's livability. Learn More: 3 Best States to Buy Property in the Next 5 Years, According to...

2024-09-07T15:10:59Z

China creates $230 billion brokerage powerhouse as consolidation gathers pace

HONG KONG (Reuters) - The merger of two state-backed brokerages in China to create a sector leader with $230 billion in assets is part of Beijing's drive to consolidate the $1.7-trillion industry amid challenging markets, and the move is set to gather pace, analysts said. Shanghai-based Guotai Juan Securities is set to acquire its cross-town rival Haitong Securities via a share swap, the two

2024-09-06T02:20:56Z

Massachusetts regulators fine Morgan Stanley over First Republic insider sales, spokesperson says

(Reuters) -Massachusetts securities regulators have fined Morgan Stanley $2 million for failing to properly monitor trades by a First Republic Bank insider before the bank failed, a spokesperson for the regulator said on Friday. Morgan Stanley held the account for a former insider at First Republic, and failed to affirm with the customer that the individual was not trading based on material

2024-09-06T15:11:40Z

6 Things To Know Before Retiring in These Midwestern States

You may have heard of the charm of the Midwest. Or perhaps you know people who live there and praise the opportunity to experience the change in seasons. Maybe you've seen rankings where the Midwest...

2024-09-07T15:10:56Z