By Matt Tracy and Abigail Summerville WASHINGTON (Reuters) – A Goldman Sachs Group Inc-led group of banks will hold an investor call on Monday to sell $3.8 billion in Citrix Systems bonds, accor[...]
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April 3, 2023
UBS and Credit Suisse shares drop as Swiss prosecutor investigates takeover
By Joice Alves LONDON (Reuters) – Credit Suisse and UBS shares fell on Monday after Switzerland’s federal prosecutor opened an investigation into the emergency merger of the two lenders. T[...]
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Revlon cleared to exit bankruptcy with $2.7 billion debt reduction deal
By Dietrich Knauth (Reuters) – A U.S. judge on Monday approved Revlon Inc’s reorganization plan, allowing the cosmetics giant to cut $2.7 billion from its debt and exit bankruptcy later th[...]
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US FTC orders Illumina to divest cancer detection test maker Grail
By Diane Bartz WASHINGTON (Reuters) -The U.S. Federal Trade Commission (FTC) on Monday ordered Illumina to divest cancer diagnostic test maker Grail, finding that its ownership would stifle competitio[...]
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Canadian firms’ inflation expectations, recession concerns ease slightly
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -About half of Canadian businesses see a mild recession over the next year, the Bank of Canada said on Monday in a first quarter survey, fewer tha[...]
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OPEC+ cuts put $100/bbl oil back in sight
By Muyu Xu, Joyce Lee and Ahmad Ghaddar SINGAPORE/SEOUL/LONDON (Reuters) – Surprise new cuts to the OPEC+ group’s output targets could push oil prices towards $100 a barrel, setting the sc[...]
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Canada’s Rogers closes C$20 billion deal for rival Shaw
(Reuters) – Rogers Communications Inc on Monday said it had closed the takeover of smaller rival Shaw Communications Inc, days after Canada gave its final approval for the C$20 billion ($14.87 b[...]
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GM quarterly auto sales rise 17.6%
(Reuters) – General Motors Co on Monday reported a 17.6% rise in its first-quarter U.S. auto sales as pent-up demand for personal transport continued to outpace supply. “We gained signific[...]
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As banking jitterbug dies down, Fed returns to its main dance partner
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials, increasingly confident they have nipped a potential financial crisis in the bud, now face a difficult judgment on whether de[...]
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