By Georgina McCartney HOUSTON (Reuters) -Oil prices fell by more than $2 on Friday, set for their fourth straight weekly decline after data showed the U.S. economy added fewer jobs than expected…
Exclusive-Citgo auction pits Icahn-backed oil refiner, creditor group
By Marianna Parraga, Gary McWilliams and David French HOUSTON (Reuters) – An oil refiner backed by activist investor Carl Icahn and a group of creditors holding claims against Venezuela are competing in…
Kamala Harris secures delegate votes needed to become Democratic nominee
By Stephanie Kelly and Jasper Ward NEW YORK (Reuters) -Kamala Harris on Friday secured the delegate votes needed to clinch the Democratic U.S. presidential nomination and become the first woman of color…
Tech giants faced major market cap drop in July on earnings worries
(Reuters) – Global mega tech companies’ market capitalisation dropped sharply in July, in response to disappointing quarterly results and concerns over high valuations, prompting investors to shift their focus away from the…
Apple asks US judge to toss antitrust lawsuit
By Jody Godoy (Reuters) -Apple on Thursday asked a U.S. judge to dismiss federal and state antitrust regulators’ lawsuit accusing the iPhone maker of illegally monopolizing the smartphone market, saying the case…
BNP Paribas in talks to buy AXA Investment Managers for 5.1 billion euros
By Mathieu Rosemain PARIS (Reuters) – BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of 5.1 billion…
Spirit forecasts steeper loss on ‘intense competitive battle’ for leisure travelers
By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) -Spirit Airlines on Thursday warned of a steeper loss in the current quarter, citing an “intense competitive battle” for the price-sensitive leisure travelers as…
PayPal’s turnaround plan faces challenges from competition, analysts say
By Niket Nishant and Manya Saini (Reuters) -As PayPal embarks on an ambitious turnaround strategy to revitalize growth after a post-pandemic slump, Wall Street analysts expressed some caution over competition from Big…
US mulls new curbs on China’s access to AI memory chips, Bloomberg News says
(Reuters) -The U.S. is considering unilateral restrictions on China’s access to AI memory chips such as those made by Micron Technology and SK Hynix and equipment capable of making such semiconductors, as…
Ackman’s Pershing Square USA withdraws US IPO
(Reuters) – Pershing Square USA said on Wednesday it was withdrawing its initial public offering, a day after hedge fund manager Bill Ackman’s new portfolio in the United States disclosed it would…