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Kering nears $4 billion sale of beauty unit to L’Oreal, WSJ reports

(Reuters) -Kering is in advanced talks to sell its beauty division to L’Oreal for about $4 billion, the Wall Street Journal reported on Saturday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Rajveer Singh Pardesi in Bengaluru; Editing ...
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US court orders spyware company NSO to stop targeting WhatsApp, reduces damages

By Raphael Satter WASHINGTON (Reuters) -A U.S. court has ordered Israel’s NSO Group to stop targeting Meta Platforms’ WhatsApp messaging service, a development the spyware company warned could put it out of business. In a 25-page ruling handed down Friday, U.S. District Court Judge Phyllis Hamilton ...
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Shutdown impact: What it means for workers, federal programs and the economy

WASHINGTON (AP) — The federal government shutdown is quickly approaching the second longest on record with no end in sight. Some lawmakers are predicting it could become the longest, surpassing the 35 days from President Donald Trump’s first term. The Trump administration is using the ...
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Samsung Electronics family to sell $1.2 billion stake amid share rally

SEOUL (Reuters) -The mother and two sisters of Samsung Electronics Chairman Jay Y. Lee plan to sell some 1.73 trillion won ($1.22 billion) worth of shares in the South Korean tech firm, the company said in a regulatory filing. The purpose of the sale of ...
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EV supply chain data firm Benchmark Mineral trims workforce, sources say

(Reuters) -Benchmark Mineral Intelligence, a UK-based pricing and data research firm for energy transition minerals, has cut at least a fifth of its workforce in recent weeks, said three people familiar with the company. The 11-year-old firm had been rapidly expanding over the last couple ...
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Rubio, Liberian minister discuss boosting US participation in Liberia’s critical minerals sector

(Reuters) -U.S. Secretary of State Marco Rubio discussed avenues for expanding U.S. participation in Liberia’s critical minerals sector in a meeting this week with Liberian Foreign Minister Sara Beysolow Nyanti, the State Department said on Friday. Rubio and Nyanti met in Washington on Thursday to ...
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FAA allows Boeing to increase 737 Max production nearly two years after door plug flew off plane

The Federal Aviation Administration said Friday it will allow Boeing to produce more 737 Max airplanes by increasing the monthly limit of 38 that it imposed after a door plug flew off an Alaska Airlines jet that the company built. The aerospace giant can ...
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Trump offers US automakers additional relief from his tariffs

WASHINGTON (AP) — President Donald Trump is giving domestic automakers additional relief from tariffs on auto parts, extending what was supposed to have been a short-term rebate until 2030. It’s part of a proclamation Trump signed Friday that also made official a 25% import tax ...
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News stories show that reporters may have left the Pentagon, but they haven’t stopped working

Two days after dozens of journalists left their desks at the Pentagon behind rather than agree to government-imposed rules on how they report about the U.S. military, it’s apparent they haven’t stopped working. Reporters have relied on sources to break and add nuance to stories ...
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SPAC backed by Trump Jr., Omeed Malik files for $260 million US IPO

(Reuters) -Colombier Acquisition Corp. III, a blank-check firm backed by Omeed Malik, filed for an initial public offering in the United States on Friday.  The Palm Beach, Florida-based company plans to offer 26 million shares priced at $10 each and is seeking to raise $260 ...
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Aeroméxico seeks up to $2.9 billion valuation in US IPO

(Reuters) -Grupo Aeroméxico is targeting a valuation of up to $2.92 billion in its initial public offering in the U.S., the Mexican airline said on Friday. Mexico City-based Aeroméxico and some of its existing shareholders are seeking up to $234.5 million by offering 11.7 million ...
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California takes action against plastic bag makers over recycling claims

By Valerie Volcovici WASHINGTON (Reuters) -The state of California announced a lawsuit against three major plastic bag producers and reached a settlement with four other manufacturers on Friday after concluding an investigation into their false claims that these bags were recyclable. California Attorney General Rob Bonta ...
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