By Doyinsola Oladipo and Bianca Flowers NEW YORK (Reuters) – U.S. hotel executives say they are betting on brands that specialize in extended stays for travelers, viewing those projects as less[...]
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June 5, 2023
Fairfax Financial to buy majority of PacWest loans sold to Kennedy-Wilson
(Reuters) – Canadian insurer Fairfax Financial Partners said on Monday it had agreed to buy a huge chunk of PacWest Bancorp real estate loans from property investment firm Kennedy-Wilson Holding[...]
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US banks could face 20% capital hike under new global rules
By Pete Schroeder WASHINGTON (Reuters) – U.S. banks could face capital hikes of as much as 20% under new rules being prepared by U.S. regulators as part of a global effort to harmonize capital r[...]
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Global airlines target Europe over green policies
By Joanna Plucinska, Tim Hepher and Aditi Shah ISTANBUL (Reuters) – Airlines took aim at Europe over green fuel mandates and its failures to stem France’s air traffic control strikes as th[...]
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Apple shares notch all-time high ahead of developer conference
(Reuters) -Apple Inc shares hit a record high for the first time in 17 months on Monday, ahead of an annual software developer conference, although the company’s market value remained short of a[...]
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European shares in the red as downbeat U.S. data stokes growth concerns
By Shreyashi Sanyal and Amruta Khandekar (Reuters) -European shares dipped on Monday as investors took profits after last week’s rebound, as news of weak U.S. business activity stirred up econom[...]
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GM to invest over $1 billion in Flint plants to boost truck production
By Joseph White (Reuters) – General Motors Co said on Monday it plans to invest more than $1 billion to re-tool two manufacturing sites in Flint, Michigan to prepare for a new generation of its[...]
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Analysis-Stelara patent deal puts J&J back on path to $57 billion 2025 revenue forecast
By Patrick Wingrove (Reuters) – Johnson & Johnson’s legal settlement with Amgen Inc to delay a biosimilar version of its blockbuster psoriasis treatment Stelara until January 2025 coul[...]
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UnitedHealth offers over $3 billion for home health firm Amedisys
By Leroy Leo (Reuters) – UnitedHealth Group on Monday made a surprise $3.26 billion all-cash offer to acquire Amedisys Inc, pitting itself against another healthcare company set to buy the home[...]
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