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US judge rejects FTC’s bid to block private equity medical company deal

(Reuters) -Private equity firm GTCR can move forward with its acquisition of medical device coatings maker Surmodics', a federal judge in Chicago ruled on Monday, rejecting the U.S. Federal Trade Commission's bid to block the deal. The FTC sued to block the deal in March ...
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IPG beats third-quarter estimates on strong media, health spending

(Reuters) -Advertising firm Interpublic Group beat third-quarter revenue and profit estimates on Monday, helped by resilient spending from media and health care clients. Surging use of AI tools that let businesses create ads more cheaply and quickly has squeezed traditional agencies, prompting them to build ...
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Analysis-Dividends or brands: New Diageo CEO faces cost-cutting dilemma in tackling debt problem

By Yadarisa Shabong (Reuters) -Diageo's incoming CEO Dave Lewis, known in financial circles as "Drastic Dave" for his sweeping turnaround of businesses, will put his reputation as a cost-cutter to the test when he joins the world's largest spirits maker in January with the challenge ...
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China announces restrictions on chemicals after deal with Trump on fentanyl tariffs

WASHINGTON (AP) - China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President Donald Trump during recent talks with Chinese leader Xi Jinping as they aimed to ...
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Australia’s CBA posts slight Q1 profit rise as volume growth offsets margin squeeze

(Reuters) -Commonwealth Bank of Australia reported a marginal rise in first-quarter cash profit on Tuesday, with resilient lending and deposit volumes unable to fully counter margin compression from competitive pressures and a lower rate environment. While the Reserve Bank of Australia's three interest rate cuts ...
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What to know about Trump’s promise of $2,000 tariff dividend payments

(NEW YORK) -- President Donald Trump over the weekend vowed to provide each American a $2,000 dividend to be distributed from what he said was tariff revenue."A dividend of at least $2000 a person (not including high income people!) will be paid to everyone," ...
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Fed policymakers divided over need for more rate cuts

By Ann Saphir and Howard Schneider (Reuters) -U.S. central bankers who have supported two interest rate cuts this year signaled on Monday divergent views on the need for more, underscoring the challenge for Federal Reserve Chair Jerome Powell as he helms a divided group of ...
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Tesla chair thanks investors for approving Musk’s $878 billion pay package

(Reuters) -Tesla board chair Robyn Denholm thanked the electric-vehicle maker's shareholders on Monday for approving CEO Elon Musk's $878 billion pay package. The approval marks one of the largest compensation votes in corporate history and underscores investor willingness to bet on Musk's leadership as Tesla ...
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Exclusive-Renault seeking Chinese rare-earth-free motor supplier, sources say

By Gilles Guillaume PARIS (Reuters) -France's Renault has ended a project with Valeo to develop a new rare-earth-free electric vehicle motor and is looking instead for a cheaper Chinese supplier, two sources familiar with the matter told Reuters. Automakers including Renault, General Motors and and suppliers ...
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Veterans Day: What’s open, what’s closed

WASHINGTON (AP) - The Veterans Day holiday began more than a century ago, albeit under a different name, as a celebration of the end of World War I. Over time its name and purpose evolved into a day of recognition for U.S. veterans of ...
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US government credit default swap spreads tick lower

By Davide Barbuscia NEW YORK (Reuters) -Spreads on U.S. government credit default swaps (CDS), market-based gauges of the risk of a sovereign default, ticked lower on Monday amid market optimism that the longest federal government shutdown in U.S. history may be coming to an end. Five-year ...
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Swiss government declines comment on report new tariff deal with US is close

ZURICH (Reuters) -The Swiss government declined to comment on Monday after Bloomberg reported the country was close to agreeing a deal with the U.S. that would reduce Washington's tariffs on its exports to 15%. "The talks are ongoing and we do not comment further," a ...
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