By Rowena Edwards and Shadia Nasralla LONDON (Reuters) – Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions ta[...]
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January 24, 2023
J&J expects inflation, China COVID hit to carry into 2023
By Bhanvi Satija and Manas Mishra (Reuters) – Johnson & Johnson on Tuesday said it sees the impact from high inflation carrying into 2023 and expects China’s major COVID-19 outbreak to[...]
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Insurer Travelers profit falls on winter storm costs
(Reuters) – Property and casualty insurer Travelers Companies Inc reported a 37% fall in quarterly profit on Tuesday, hurt by losses related to a winter storm that swept across the United States[...]
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Exclusive-Blackstone in talks with Bain to sell $480 million stake in top Indian REIT-sources
By Sriram Mani MUMBAI (Reuters) – Blackstone is in talks to sell around half of its stake in India’s largest real estate investment trust Embassy Office Parks to private equity firm Bain C[...]
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U.S. oil & gas M&A hit 17-year low; big firms dominate deals-report
By Liz Hampton (Reuters) – U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hittin[...]
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U.S. mattress maker Serta Simmons files for bankruptcy protection
By Jonathan Stempel (Reuters) – Serta Simmons Bedding LLC, which accounts for nearly one-fifth of U.S. bedding sales, has filed for bankruptcy protection in an effort to eliminate most of its de[...]
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New York pension seek stricter climate emissions rules from bank portfolios
By Ross Kerber (Reuters) – Shareholder resolutions filed by New York City’s top pension official will ask top Wall Street banks including JPMorgan Chase & Co and Bank of America to set[...]
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Walmart to raise minimum wage for U.S. hourly workers to $14
By Siddharth Cavale (Reuters) – Walmart Inc on Tuesday said it will raise average hourly wages for its U.S. store workers starting next month, as it seeks to attract and retain employees in a ti[...]
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Exclusive-Binance moved $346 million for seized crypto exchange Bitzlato, data show
By Tom Wilson and Angus Berwick LONDON (Reuters) -Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by U.S. authoriti[...]
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