By Svea Herbst-Bayliss (Reuters) -Monro Inc shareholders should vote against all five of its board directors because the U.S. auto service company did not take action to loosen the grip …
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- Financial News
Conoco sweetens shareholder returns by $5 billion as profit jumps
by Reutersby Reuters(Reuters) -ConocoPhillips on Thursday raised its shareholder payout target by 50% after the largest U.S. independent oil producer beat Wall Street’s earnings estimates on surging energy prices. Oil and gas …
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By Lindsay Dunsmuir (Reuters) -The U.S. Federal Reserve should raise interest rates to above 4% to help bring inflation down and must aim to keep tightening through the first half …
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Conoco forecasts low, single-digit oil production growth this year
by Reutersby ReutersHOUSTON -ConocoPhillips on Wednesday said its full year oil and gas production could rise at a low-single digit percentage rate over last year, with stronger gains in the top U.S. …
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Mexican central bank seen pushing up key rate to record level: Reuters poll
by Reutersby ReutersMEXICO CITY – Mexico’s central bank is expected to hike the benchmark interest rate to a new historic level of 8.5% next week, hoping to contain rising inflation while the …
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(Reuters) -Air-freight company Atlas Air Worldwide Holdings Inc is being taken private for nearly $3 billion by an investor group led by private equity giant Apollo Global Management Inc. The …
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U.S. weekly jobless claims increase, but labor market remains tight
by Reutersby ReutersBy Lucia Mutikani WASHINGTON -The number of Americans filing new claims for unemployment benefits increased last week, suggesting some softening in the labor market, though overall conditions remain tight. That …
- Financial News
India nixes privacy bill that alarmed big tech companies, works on new law
by Reutersby ReutersBy Aditya Kalra and Aftab Ahmed NEW DELHI -India’s government on Wednesday withdrew a data protection and privacy bill which was first proposed in 2019 and had alarmed big technology …
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In handcuffs and in tears, Griner says: ‘I love my family’
by Reutersby ReutersKHIMKI, Russia -U.S. basketball star Brittney Griner said “I love my family” as she was led out of a Russian courtroom in handcuffs after being jailed for nine years on …
- Financial News
Bank of England raises rates by most since 1995 despite recession’s approach
by Reutersby ReutersBy William Schomberg, David Milliken and Andy Bruce (Reuters) – The Bank of England raised interest rates by the most in 27 years on Thursday in an attempt to smother …
- Top HeadlinesUS and World News
Weary and wary, Kenyans gear up for national elections
by Reutersby ReutersBy Ayenat Mersie and Katharine Houreld NAIROBI – East Africa’s economic powerhouse will hold elections on Aug. 9 to select a new president, parliament, county governors and assemblies. President Uhuru …
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By Andy Bruce LONDON – The Bank of England’s top brass defended their record on Britain’s monetary policy on Thursday, after a cabinet minister talked openly about diluting the central …
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Tennessee sues Walgreens pharmacy chain over opioid distribution
by Reutersby ReutersBy Steve Gorman (Reuters) – The state of Tennessee sued Walgreens on Wednesday, accusing the retail pharmacy giant of fueling the state’s opioid epidemic by willfully flooding the market with …
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From 7-11s to train stations, cyber attacks plague Taiwan over Pelosi visit
by Reutersby ReutersBy Sarah Wu and Eduardo Baptista TAIPEI/BEIJING – As U.S. House of Representatives Speaker Nancy Pelosi made a brief visit to Taiwan this week that enraged Beijing, the welcome she …
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Judge denies Alex Jones request for mistrial in U.S. defamation case
by Reutersby ReutersBy Jack Queen (Reuters) – A Texas judge on Thursday denied Alex Jones’s motion for a mistrial in a defamation case over the U.S. conspiracy theorist’s false claims about the …
- Financial News
Coinbase shares soar on deal to provide crypto services for BlackRock clients
by Reutersby Reuters(Reuters) – Shares in cryptocurrency exchange Coinbase Global Inc soared more than 16% on Thursday after it announced that it had partnered with BlackRock, the world’s largest asset manager, to …
- Financial News
European shares edge higher on earnings lift; growth fears persist
by Reutersby ReutersBy Bansari Mayur Kamdar and Anisha Sircar (Reuters) -European shares eked out gains on Thursday as some strong quarterly results lent support, while Britain’s FTSE 100 underperformed peers after the …
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By Akash Sriram (Reuters) -Electric-vehicle makers Lordstown Motors Corp and Nikola Corp on Thursday shrugged off supply chain snarls that weighed on peers to reaffirm annual production targets after reporting …
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FRANKFURT – Bayer’s chief executive said an arbitration court would soon decide on claims brought by rival BASF, saying it overpaid for assets that Bayer sold to secure antitrust clearance …
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By Allison Lampert and Abhijith Ganapavaram (Reuters) -Business jet maker Bombardier Inc on Thursday reported a smaller second-quarter loss and forecast better-than-expected annual free cash flow, helped by strong demand …
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Thomson Reuters raises sales outlook, citing strong core in face of slowdown
by Reutersby ReutersBy Kenneth Li NEW YORK -Thomson Reuters Corp raised its full-year revenue forecast, which it said reflected strength in its legal, tax and accounting and corporates businesses, as it reported …
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Griner sentenced to nine years in prison in Russia
by Reutersby ReutersKHIMKI, Russia -A Russian court on Thursday sentenced U.S. basketball star Brittney Griner to nine years prison on drugs charges, after finding her guilty of narcotics possession and smuggling for …
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By Lananh Nguyen NEW YORK -Bonuses for Wall Street bankers are projected to plunge as much as 45% this year as business dries up. Payouts for investment bankers who underwrite …
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Pentagon says Air Force general to become next press secretary
by Reutersby ReutersWASHINGTON – U.S. Secretary of Defense Lloyd Austin on Thursday said Air Force Brigadier General Patrick Ryder will become the next Pentagon press secretary in the next few weeks. Ryder …
- Financial News
Hundreds of Amazon warehouse workers walk out over pay, UK union says
by Reutersby ReutersLONDON -Hundreds of Amazon workers at a warehouse in Tilbury in southeast England have walked out in protest over pay, the trade union GMB said, the latest sign of labour …