By Blake Brittain (Reuters) -Appliance maker Whirlpool on Thursday agreed to drop a U.S. lawsuit against its former Italian executive Davide Cabri that accused him of stealing trade secrets for a move[...]
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June 16, 2023
Greyhound bus owner Flix edges towards listing
By Pablo Mayo Cerqueiro and Emma-Victoria Farr (Reuters) – German bus services firm Flix, owner of the Greyhound brand in North America and FlixBus in Europe, has stepped up preparations for a p[...]
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Customers Bancorp acquires $631 million loan portfolio from FDIC at discount
By Manya Saini and Saeed Azhar (Reuters) -Customers Bancorp said on Friday it acquired a $631 million venture banking loan portfolio from U.S. regulator Federal Deposit Insurance Corporation (FDIC) at[...]
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Rheinmetall to boost propellant powder production by up to 600 tons per year -CEO
By Sabine Siebold BRUSSELS (Reuters) – Rheinmetall will ramp up production of propellant powder for ammunition at its plant in the Bavarian town of Aschau by 500 to 600 metric tons per year, add[...]
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Humana joins UnitedHealth in flagging cost hit from rising surgeries
By Manas Mishra and Leroy Leo (Reuters) – Humana Inc on Friday joined larger health insurer UnitedHealth in warning of a jump in medical costs this year due to higher-than-expected demand for su[...]
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European shares rise on defensive boost, post best week in 2 months
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares closed at a three-week high on Friday, underpinned by luxury and defensive stocks at the end of a week that was dominated by maj[...]
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US Senate panel to consider bill targeting failed bank executive pay
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Senate Banking Committee will consider a bill Wednesday that would allow regulators to claw back compensation for executives at failed banks. Th[...]
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US consumers’ near-term inflation expectations hit two-year low; sentiment rises
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumers’ near-term inflation expectations dropped to more than a two-year low in June and the outlook over the next five years improved slightly, a[...]
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Yen drops to new 15-year low vs euro after BOJ rate decision
By Joice Alves and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The yen plunged to a fresh 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept ultra-low interest ra[...]
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