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Maersk sues over $1 billion Brazil port auction, MSC Group’s TIL may follow

(Refiles to fix typo in headline) SAO PAULO (Reuters) -Global shipping groups are looking to Brazil’s courts to overturn competition rules that bar them from participating in the first round of bidding on a major new container terminal at Latin America’s largest port, due ...
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EU antitrust regulators to investigate Mars’ $36 billion Kellanova deal

BRUSSELS (Reuters) -EU antitrust regulators opened on Wednesday a full-scale investigation into candy maker Mars’ $36 billion takeover of Pringles maker Kellanova, saying the deal may hurt competition. The European Commission said the deal announced last August could lead to higher prices for consumers due ...
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Fed’s Powell cautions against ending Fed power to pay interest on reserves

NEW YORK (Reuters) -Federal Reserve Chairman Jerome Powell said Wednesday any move to strip the central bank of its power to pay interest on reserves would be difficult and take a long time to implement.  “If you were to want to go back to scarce ...
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Shell in early talks to buy rival BP, WSJ reports

(Reuters) -Shell is in early talks to buy rival BP, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Talks between company representatives are active and BP is considering the approach carefully, the report added. Reuters could not immediately verify the ...
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J.P. Morgan Asset Management launches its largest active ETF

(Reuters) -J.P. Morgan Asset Management on Wednesday announced the launch of its largest active exchange-traded fund anchored by a $2 billion investment from an external institutional client. (Reporting by Pritam Biswas in Bengaluru; Editing by Maju Samuel) Brought to you by www.srnnews.com
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Black Lion submits $8 billion cash bid for Citgo’s parent, filing says

By Marianna Parraga HOUSTON (Reuters) -Black Lion Citgo Group, a consortium led by private equity firm Black Lion Capital Advisors, submitted a $8-billion all-cash bid for the parent of Venezuela-owned U.S. refiner Citgo Petroleum as part of a court-organized auction of shares, the company said ...
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AeroVironment shares soar as drone demand fuels quarterly results beat

(Reuters) -AeroVironment’s shares soared on Wednesday after the company beat Wall Street expectations for fourth-quarter results, driven by sustained demand for its military drones. Shares jumped 25% in early trading, on track for its biggest daily percentage rise since March 5 last year. Defense sector ...
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Shut Three Mile Island nuclear plant may restart in 2027, owner says

By Laila Kearney THREE MILE ISLAND, Pennsylvania (Reuters) -The former Three Mile Island nuclear power plant in Pennsylvania may restart in 2027, about a year ahead of schedule after being put on a fast track to connect to the regional grid, executives with the plant’s ...
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Mark Walter and Lakers say sale of the team is expected to close later this year

Businessman Mark Walter’s acquisition of the majority ownership stake of the Los Angeles Lakers, in a deal that puts the franchise valuation at $10 billion, is expected to close in the third or fourth quarter of this year. In a statement Wednesday, the sides confirmed ...
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Trump’s budget bill could complicate 2026 tax filing season after IRS cuts, watchdog warns

WASHINGTON (AP) — The budget bill championed by President Donald Trump could complicate next year’s tax filing season after the IRS lost one-quarter of its employees through staffing cuts, an independent watchdog reported Wednesday. The IRS workforce has fallen from 102,113 workers to 75,702 over ...
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Analysis-UK politics blunts antitrust action against Google

By Paul Sandle LONDON (Reuters) -Britain’s competition regulator has finally come up with a plan to control Google’s huge search business, but a shift in the political wind in favour of big tech and the money it invests makes it more of a bark than ...
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Fed’s Collins says rate cuts later this year are possible

NEW YORK (Reuters) -Federal Reserve Bank of Boston President Susan Collins said Wednesday she is expecting the central bank to cut interest rates later this year. “While I continue to expect it will be appropriate to resume gradual policy normalization later this year, my outlook ...
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