FirstEnergy to host public conference call as New Jersey electric prices soar
TRENTON, NJ – With electric bills climbing across New Jersey, FirstEnergy Corp. announced it will host a public conference call to review its third-quarter financial results and address customer concerns. The call…
Hopes rise for IPO recovery after September deal rush
By Echo Wang and Pablo Mayo Cerqueiro NEW YORK/LONDON (Reuters) – Bankers and investors are embracing a degree of optimism for the IPO market following a slew of major market debuts in…
Mexican auto lobby urges authorities to fix border ‘crisis’ as trade hit
MEXICO CITY (Reuters) – Mexico’s main auto industry association on Friday urged Mexican authorities to step up efforts to work with the United States to deal with a “migration crisis” on the…
Walgreens considers former Cigna exec. Tim Wentworth as next CEO – Bloomberg News
(Reuters) – Walgreens Boots Alliance Inc is considering former Cigna Group executive Tim Wentworth to be its next chief executive, Bloomberg News reported on Friday, citing people familiar with the matter. The…
US SEC charges Newell Brands and ex-CEO with misleading investors
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Friday charged Newell Brands and former CEO Michael Polk with misleading investors about sales. In a settlement, Newell and Polk, without admitting…
Australia’s antitrust regulator pushes back against concerns after 3 big deals blocked
By Byron Kaye and Scott Murdoch SYDNEY (Reuters) – The blocking of three major deals by Australia’s antitrust regulator in the past year was a coincidence, its chair told Reuters, pushing back…
Japan’s Sony says Zee merger to be delayed by a few months
(Reuters) -Japan’s Sony Group Corp said on Friday a merger of its Indian unit with Zee Entertainment Enterprises, which had an initial deadline of September, would take a few more months to…
Investors fear US data disruption from looming government shutdown
By Laura Matthews NEW YORK (Reuters) – Delays of vital economic data releases could trigger financial market volatility if a U.S government shutdown goes ahead this weekend and drags on for weeks,…
US Supreme Court takes up case over corporate trend disclosures
By Jody Godoy (Reuters) – The U.S. Supreme Court on Friday agreed to consider whether shareholders can sue companies for fraud when they flout a rule requiring them to disclose trends expected…
Albemarle to pay more than $218 million to settle bribery probe, U.S. says
WASHINGTON (Reuters) -Albemarle Corp will pay more than $218 million, including more than $103 million to financial regulators, to settle a U.S. probe into its scheme to bribe government officials in multiple…
Canada’s economy stalled in July as previous rate hikes took hold
By David Ljunggren OTTAWA (Reuters) -Canada’s economy stalled in July and edged up slightly in August, data showed on Friday, highlighting a recent sluggish performance that prompted markets to trim bets for…
US equity funds see biggest weekly outflow in three months
(Reuters) – U.S. equity funds witnessed robust outflows in the seven days to Sept. 27 on worries about a potential extension of the Federal Reserve’s restrictive monetary policy and a renewed surge…
Brazil’s jobless rate drops to 7.8% in quarter through August
SAO PAULO (Reuters) – Brazil’s jobless rate dropped for the fifth consecutive rolling quarter in the three months ended in August, reaching its lowest since early 2015 as the labor market in…
EV startup Fisker raises $150 million from existing investor
(Reuters) – Fisker Inc has raised $150 million from an existing institutional investor through the issue of convertible bonds with an additional $550 million in funding available, the electric-vehicle startup said on…
French prosecutor probes transactions involving LVMH’s Arnault, Russian businessman
PARIS (Reuters) -The Paris public prosecutor’s office confirmed on Friday that it is investigating financial transactions involving LVMH owner Bernard Arnault and Russian businessman Nikolai Sarkisov. It confirmed the opening of a…
Credit Suisse sheds nearly 13% of workforce
(Repeats to additional subscribers) ZURICH (Reuters) -Credit Suisse has shed nearly 13% of its workforce in the past 12 months, underlining the turmoil at the bank that was taken over by cross-town…
Instant view: US core inflation slows in August, consumer spending rises
NEW YORK (Reuters) – U.S. consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing to below 4.0%. With gasoline price surging,…
Russia to double costs of servicing state debt by 2026 as war costs grow
By Darya Korsunskaya and Alexander Marrow (Reuters) – Russia’s annual budget spending on servicing its state debt will more than double to 3.32 trillion roubles ($34.24 billion) between now and 2026 as…
Revisions show UK economy no longer the post-pandemic laggard
By David Milliken and Andy Bruce LONDON (Reuters) – Britain’s economic performance since the start of the COVID-19 pandemic has been much stronger than previously thought, with faster growth than Germany or…
Evergrande says chairman under investigation over suspected ‘illegal crimes’
By Scott Murdoch and Ziyi Tang HONG KONG/BEIJING (Reuters) -China Evergrande Group’s founder is being investigated over suspected “illegal crimes”, the embattled developer said on Thursday, as creditors become increasingly concerned about…
Global bond funds register big outflows on rate worries
(Reuters) – Global bond funds saw their biggest weekly outflows in more than a month on concerns that U.S. and European central banks will keep interest rates higher for longer to curb…
Newport Centre AMC Theater Temporarily Closes Due to Rat Infestation
JERSEY CITY, NJ – The AMC theater at Newport Centre mall is no longer showing films, but not for cinematic reasons. The Jersey City Health Department shut down the 11-screen facility on…
New Jersey Cemetery Hosts Oddities Market
JERSEY CITY, NJ – The Living Dead Market is returning to Jersey City this weekend. The Harsimus Cemetery will be anything but quiet this Sunday, October 1st, as it becomes the venue…
Cathay Pacific buys 32 Airbus A321-200neo aircraft for $4.66 billion
(Reuters) -Hong Kong’s Cathay Pacific Airways said on Friday it had purchased 32 Airbus A321-200neo aircraft from Airbus for a basic price of $4.66 billion. The deal follows an agreement between an…
JetBlue files complaint in US against Schiphol flight curbs
AMSTERDAM (Reuters) -U.S. carrier JetBlue Airways said on Friday it had filed a complaint against the Netherlands and the European Union to the U.S. Department of Transportation over the Dutch government’s move…
Heavy winter sweaters, coats pile up at stores as warm weather threatens holiday shopping season
By Ananya Mariam Rajesh (Reuters) – Unseasonably warm autumn weather from the United States to Europe is denting sales of heavy sweaters and coats as the critical holiday shopping period approaches, executives…
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