(Reuters) – More players in Canada’s grocery sector are crucial to combat soaring prices of essential goods amid persistent inflation, the country’s competition watchdog said in a re[...]
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June 27, 2023
KKR to take Circor private in sweetened $1.7 billion deal
By Aishwarya Nair (Reuters) -Circor International said on Tuesday it had accepted investment firm KKR’s revised buyout offer of $1.7 billion, including debt, rebuffing a rival bid from an unname[...]
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Sale of maker of Purell hand sanitizer falls flat -sources
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) -The end of the COVID-19 pandemic has weighed not just on demand for Purell but also on efforts to sell the maker of the hand sanitizer. Gojo[...]
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Brookfield values American Equity at $4.3 billion in takeover bid
By Niket Nishant (Reuters) -Annuities provider American Equity Investment Life Holding said on Tuesday it has received a takeover offer from its biggest shareholder, valuing the long-sought merger can[...]
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Delta lifts profit outlook on sustained travel demand
By Rajesh Kumar Singh and Shivansh Tiwary CHICAGO (Reuters) -Delta Air Lines on Tuesday lifted its second-quarter profit outlook and forecast full-year earnings at the high end of its prior guidance o[...]
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Factbox-The state of legal cases in VW’s diesel scandal
HAMBURG (Reuters) – Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine months by a German court on Tuesday for fraud over Volkswagen’s 2015 diesel scandal[...]
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ACI Worldwide fined $25 million for multibillion-dollar mortgage payment ‘fiasco’
(Reuters) – The top U.S. consumer finance watchdog on Tuesday said it had fined the Nebraska payment processor ACI Worldwide $25 million for improperly processing more than $2 billion in mortgag[...]
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U.S. consumer confidence approaches 1-1/2-year high in June
WASHINGTON (Reuters) – U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years, but fears of a recession lingered, according to a survey on Tuesday. The Conference[...]
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Ford to cut jobs in the US, Canada to trim costs
By Aishwarya Nair (Reuters) – Ford Motor Co said on Tuesday it will begin layoffs this week, impacting mostly engineering jobs in the U.S. and Canada, as part of the Detroit automaker’s mo[...]
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