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Wednesday, May 1
by
SRN News
US FTC set to rule on $60 billion Exxon-Pioneer deal, Bloomberg reports
(Reuters) – The U.S. Federal Trade Commission is set to decide whether to sue to block Exxon Mobil’s $60 billion acquisition of Pioneer Natural Resources in the coming days, Bloomberg News reported on Wednesday, citing people familiar with the matter. Exxon ...
Wednesday, May 1
by
SRN News
US regulators discuss finalizing bank capital rules as soon as August, Bloomberg News reports
(Reuters) – The Federal Reserve and other top U.S. regulators are forging ahead with their plan to make big banks hold more capital, Bloomberg News reported on Wednesday. Key officials have decided to adjust the original proposal and some of them ...
Wednesday, May 1
by
SRN News
US prosecutors examining financial transactions at Block, NBC News reports
(Reuters) – U.S. prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge of the matter. NBC reported that federal prosecutors were discussing with a former employee alleged widespread compliance lapses at ...
Wednesday, May 1
by
SRN News
KFC parent Yum reports surprise drop in global same-store sales on weak demand
By Juveria Tabassum (Reuters) -Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets. Consumers in the United States are ...
Wednesday, May 1
by
SRN News
Embraer mulls options for new narrowbody jet model, WSJ reports
(Reuters) – Brazilian planemaker Embraer is exploring options for a new narrowbody jet model to challenge the market dominance of Boeing and Airbus, the Wall Street Journal reported on Wednesday. Internal studies conducted by Embraer have determined that the company has ...
Wednesday, May 1
by
SRN News
Australian ministers won’t comment on media reports that Indian spies were secretly expelled
MELBOURNE, Australia (AP) — A senior Australian government minister said Wednesday the bilateral relationship with India was good and had improved in recent years, but declined to comment on reports that two Indian spies were secretly expelled from Australia four years ago. Treasurer Jim Chalmers ...
Tuesday, April 30
by
SRN News
Australia’s Qantas probing reports of data breach at loyalty app
(Reuters) -Australia’s Qantas Airways said on Wednesday it was investigating issues impacting its frequent flyer application, after media reports suggested there was a data breach allowing users access to other passengers’ travel information. Multiple local media outlets, citing Qantas customers, are reporting that some users ...
Tuesday, April 30
by
SRN News
Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars
NEW YORK (AP) — Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and a new surge of advertising dollars from its Prime Video streaming service. The Seattle-based e-commerce giant said it brought in $143.31 billion ...
Tuesday, April 30
by
SRN News
Starbucks reports weaker-than-expected fiscal Q2 results as customer traffic slows
Starbucks on Tuesday reported weaker-than-expected sales in its fiscal second quarter as customer traffic dried up in many key markets. The Seattle coffee giant said revenue for the January-March period dropped 2% to $8.6 billion. That was far short of analysts’ forecast of $9.1 billion. ...
Tuesday, April 30
by
SRN News
US drug enforcers to ease restrictions on cannabis, AP reports
(Reuters) – The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, the Associated Press reported on Tuesday, citing five people familiar with the matter. The agency’s proposal, which must be reviewed by the White House ...
Tuesday, April 30
by
SRN News
Reports: Darvin Ham, Lakers expected to part ways
Reports of an imminent divorce between the Los Angeles Lakers and Darvin Ham multiplied on Tuesday in the aftermath of the season-ending loss to the Denver Nuggets. Denver bounced the Lakers from the postseason with a 4-1 series victory and the second buzzer-beating win ...
Tuesday, April 30
by
SRN News
London police arrest sword-wielding man after reports of stabbing
LONDON (Reuters) – British police have arrested a man armed with a sword following reports of people having been stabbed during a serious incident in northeast London although it was not thought to be terrorism-related, the capital’s police force said ...
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