By Sheila Dang (Reuters) – Budweiser is aiming to appeal to younger beer drinkers with a Super Bowl commercial that features actor Kevin Bacon and hip hop record producer Metro Boomin, and bring[...]
Read more
January 31, 2023
Banks battle to shed unsold buyout loans – sources
By Chiara Elisei, Nell Mackenzie and Pablo Mayo Cerqueiro LONDON(Reuters) – Banks are whittling down a pile of unsold loans that backed private equity buyouts in the cheap-money era and trying t[...]
Read more
U.S. court rejects J&J bankruptcy strategy for thousands of talc lawsuits
By Tom Hals, Mike Spector and Dan Levine (Reuters) -A U.S. appeals court on Monday shot down Johnson & Johnson’s attempt to offload tens of thousands of lawsuits over its talc products into[...]
Read more
High interest rates to hold back gold’s rally: Reuters poll
By Kavya Guduru (Reuters) – Analysts and traders have significantly raised their predictions for gold prices but expect high interest rates to keep a lid on rallies, a Reuters poll showed on Tue[...]
Read more
EU commissioner: we don’t want a subsidy war with U.S
BERLIN (Reuters) – The European Union does not want to wage a subsidy war against the United States over its Inflation Reduction Act, EU Commissioner Paolo Gentiloni said in Berlin on Tuesday. T[...]
Read more
Cash is king in Lebanon as banks atrophy
By Maya Gebeily CHTAURA, Lebanon (Reuters) – The money exchange shop in Lebanon’s Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shouted out various rate[...]
Read more
Refiner Phillips 66 joins rivals in posting sky-high profit
(Reuters) – Phillips 66 on Tuesday became the latest refiner to post bumper quarterly profit, as higher fuel demand boosted margins. The Houston, Texas-based refiner’s earnings stood at $1[...]
Read more
Homebuilder PulteGroup’s quarterly profit beats estimates on higher house prices
(Reuters) – U.S. homebuilder PulteGroup Inc on Tuesday beat Wall Street estimates for quarterly profit on the back of higher house prices in a tightening market. Higher prices have helped U.S. h[...]
Read more
Bed Bath & Beyond’s road to potential bankruptcy
(Reuters) – From a failed merchandising strategy to activist investor pressure over exaggerated payments to executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the las[...]
Read more