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Saturday, May 18
by
SRN News
Poland to spend around $2.5 billion on securing eastern border, says PM
WARSAW (Reuters) – Poland will invest 10 billion zlotys ($2.55 billion) in a programme to secure its eastern border, the prime minister said on Saturday, in a bid to bolster its defences against what it says is a rising threat ...
Friday, May 17
by
SRN News
Brazil sees aid measures from floods hitting its budget by at least $2.6 billion
By Bernardo Caram BRASILIA (Reuters) – Brazil estimates aid measures taken by authorities after deadly floods in its southernmost state will cost at least 13.4 billion reais ($2.6 billion) from its budget, according to finance ministry data compiled by Reuters. Heavy rains, ...
Friday, May 17
by
SRN News
Parents of disabled children sue Indiana over Medicaid changes addressing $1 billion shortfall
INDIANAPOLIS (AP) — Parents of two children with disabilities are suing an Indiana agency in federal court over changes to attendant care services they say violate the Americans with Disabilities Act and federal Medicaid laws. A state agency overseeing Medicaid has reimbursed parents, guardians ...
Friday, May 17
by
SRN News
Bank of America to buy WaFd’s multi-family loan portfolio for $2.9 billion
(Reuters) -Washington Federal Bank agreed on Friday to sell a portfolio of commercial multi-family real estate loans to Bank of America for about $2.9 billion, helping the regional lender cut its exposure to the troubled sector. The commercial real estate (CRE) sector, which has ...
Friday, May 17
by
SRN News
Analysis-Endeavor’s $13 billion deal highlights push to sidestep minority shareholders
By Anirban Sen and Tom Hals (Reuters) – Endeavor Group’s decision to deny minority shareholders the ability to veto a $13 billion deal to take the entertainment conglomerate private is the latest example of a company’s controlling investors risking lawsuits to ...
Friday, May 17
by
SRN News
GSK raises $1.5 billion from sale of remaining Haleon stake
(Reuters) – British drugmaker GSK has raised 1.25 billion pounds ($1.52 billion) from a sale of its remaining stake in consumer healthcare company Haleon to institutional investors. The sale will allow GSK to sharpen its focus on vaccines, cancer ...
Friday, May 17
by
SRN News
GSK raises $1.5 billion from offloading Haleon stake at a discount
(Reuters) – GSK has raised 1.25 billion pounds ($1.52 billion) from selling its entire remaining stake in consumer healthcare firm Haleon, the British drugmaker said on Friday. GSK sold around 385 million shares at 324 pence apiece, amounting to a 4.2% ...
Thursday, May 16
by
SRN News
California’s water tunnel to cost $20 billion. State officials say the benefits are worth it
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom’s administration said Thursday it will now cost more than $20 billion to build a giant tunnel aimed at catching more water when it rains and storing it to better prepare for longer droughts caused by climate ...
Thursday, May 16
by
SRN News
Watchdog: EPA’s lead pipe fix sent about $3 billion to states based on unverified data
ST. LOUIS (AP) — The Environmental Protection Agency distributed about $3 billion to states last year to replace harmful lead pipes based on unverified data, according to an agency inspector general’s memo, likely meaning some states got too much money and others got too ...
Thursday, May 16
by
SRN News
Goldman Sachs strikes deal to manage $43.4 billion UPS pension fund assets
(Reuters) -Goldman Sachs Asset Management has been appointed the outsourced chief investment officer for $43.4 billion North American pension fund assets belonging to parcel delivery firm UPS. As part of this appointment, the UPS in-house investment management team is expected to join Goldman Sachs’ ...
Thursday, May 16
by
SRN News
Japan’s Honda raises electrification investment to $65 billion through FY2030
TOKYO (Reuters) -Japan’s Honda Motor pledged to double its electrification and software investment to about $65 billion over the 10 years running through the 2030 business year, it said on Thursday. Honda CEO Toshihiro Mibe told a press conference the automaker planned to spend a ...
Thursday, May 16
by
SRN News
Exclusive-Anglo unveils hiring freeze, document shows, after rejecting $43 billion takeover bid
By Scott Murdoch and Melanie Burton SYDNEY (Reuters) -Anglo American has suspended hiring globally, it said on Thursday, as it gets plans underway to simplify itself and build value – and avert a $43 billion takeover bid by Australia’s BHP Group. Anglo laid out plans on ...
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