Coinbase execs defend platform, calls for clear cryto rules

reuters.com [1/2] Brian Armstrong, CEO and Co-Founder of Coinbase, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David…

Nasdaq leads Wall St gains as tech shares rise

reuters.com Nasdaq led Wall Street gains on Wednesday as technology shares rose, though investors refrained from making large bets ahead of inflation data and the Federal Reserve's…

Jack Daniel's whiskey maker Brown-Forman tops sales estimates on higher prices, steady demand

reuters.com Brown-Forman Corp (BFb.N) topped Wall Street estimates for quarterly sales on Wednesday, benefiting from higher prices as well as steady demand for its liquor brands such as…

CNN CEO Chris Licht to leave

reuters.com [1/2] The CNN logo stands outside the venue of the second Democratic 2020 U.S. presidential candidates debate, in the Fox Theater in Detroit, Michigan, U.S., July 30, 2019.…

Diageo's long-time boss Ivan Menezes dies after brief illness

reuters.com on Wednesday said long-time boss Ivan Menezes, who held the CEO role at the world's biggest spirits company for 10 years, had died after a brief illness. The 63-year-old,…

Campbell Soup beats quarterly profit estimates on price hikes

reuters.com beat Wall Street estimates for third-quarter profit on Wednesday and maintained its annual forecasts, as the maker of Pepperidge Farm cookies benefited from multiple rounds…

Dollarama beats sales estimates on strong demand for essentials

reuters.com Canadian discount store chain Dollarama Inc (DOL.TO) beat market expectations for quarterly sales on Wednesday, benefiting from strong demand for its cheaper groceries and…

Bain Capital offers to take data center provider Chindata private

reuters.com Chindata Group said on Wednesday that investor Bain Capital (BCSF.N) has offered to take the Chinese data center operator private in a deal valuing the company at $2.93…

South Korea, Taiwan stocks bag huge foreign inflow in May on chip demand

reuters.com South Korea and Taiwanese equities experienced a huge influx of foreign investment during May, driven by a surge of interest in artificial intelligence (AI) and the…

Salesforce CEO Benioff shakes up top ranks - source

reuters.com CEO Marc Benioff has shuffled the top management, a person familiar with the matter told Reuters on Tuesday, a move that follows after the software company reported its…

UK's payments regulator lays down new norms to tackle fraud

reuters.com Britain's Payment Systems Regulator on Wednesday confirmed new requirements for banks and payment firms to ensure more victims than ever before of authorised push payment…

India's Economy Is Booming, But Warning Signs Emerge

ndtv.com India's booming economy is the envy of other major markets. But beyond the hype and expectation, people who watch the country closely are flagging warning signs. The country…

Starbucks brews up cheaper India drinks as domestic rivals expand

reuters.com [1/5] Customers stand next to a counter at a Starbucks' outlet at a market in New Delhi, India, May 30, 2023. REUTERS/Anushree Fadnavis MUMBAI/NEW DELHI, June 7 (Reuters) -…

Reddit to lay off about 5% of its workforce

reuters.com Reddit said on Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate…

Australia talks tough on EU trade

reuters.com Australia's trade minister Don Farrell has warned the European Union that he will not sign on a trade deal unless the bloc opens its market to more Australian farm products,…

India and China are kicking out each others’ journalists in the latest strain on ties

edition.cnn.com India and China are fast heading toward having few or no accredited journalists on the ground in each others’ country – the latest sign of fraying relations between the…

Fintech firm Tingo's shares slump as short-seller Hindenburg takes aim

reuters.com shares halved in value on Tuesday after short-seller Hindenburg Research criticized its founder and alleged that the fintech firm had "fabricated" its financials. Hindenburg…

Apple buys AR headset startup Mira

reuters.com has acquired Mira, a Los Angeles-based AR startup that makes headsets for other companies and the U.S. military, the Verge reported on Tuesday, citing a post from Mira CEO's…

Wall St slips as mixed data fuels Fed policy uncertainty

reuters.com U.S. stocks closed up on Tuesday, helped by some advances in economically sensitive sectors, as investors awaited inflation data and the Federal Reserve's policy meet next…

Intel to sell $1.5 bln stake in Mobileye

reuters.com is offering 35 million shares of Class A common stock, or about a $1.5 billion stake, in Mobileye Global Inc (MBLY.O), according to a regulatory filing on Monday. After the…

Ford recalls 125000 vehicles over engine failures that can cause fires

reuters.com said on Tuesday it is expanding and issuing a new recall for 125,000 sport utility vehicles and trucks because engine failures may cause a fire. The recall covers various…

GM to invest over $1 bln in Flint plants to boost truck production

reuters.com [1/3] A Chevrolet 2020 heavy-duty pickup truck is seen at the General Motors Flint Assembly Plant in Flint, Michigan, U.S. February 5, 2019. REUTERS/Rebecca Cook/File Photo…

Insider buying in US regional banks at 3-year high as execs look to bolster confidence

reuters.com Regional bank executives buying shares in their own companies hit a three-year high in the United States during the second quarter of 2023 as they rushed to restore investor…

US bank stocks rebound, regional banking index hits 6-week high

reuters.com Shares of major U.S. banks and regional lenders outperformed broader markets in morning trading on Tuesday with the KBW Regional Banking index (.KRX) hitting its highest…

Twitter's new CEO Linda Yaccarino logs first day in role

reuters.com Twitter's new Chief Executive Officer Linda Yaccarino has begun her role at the social media company, she tweeted late on Monday, about a month after Elon Musk named her as…

US SEC charges crypto platform Coinbase, one day after suing Binance

reuters.com The U.S. Securities and Exchange Commission on Tuesday sued Coinbase (COIN.O), accusing the largest U.S. cryptocurrency exchange of operating illegally because it failed to…

Ford Motor names Whirlpool exec as new supply chain chief

reuters.com on Tuesday named Whirlpool Corp's (WHR.N) Liz Door its chief supply chain officer, at a time when the automaker navigates through parts shortages and rising costs. The…

Crypto stocks fall after US SEC sues Coinbase over failure to register

reuters.com Shares of cryptocurrency and blockchain-related companies fell in premarket trading on Tuesday after the industry's biggest exchanges Coinbase Global (COIN.O) and Binance…

J M Smucker sees smaller decline in annual sales on higher prices, steady demand

reuters.com Jif peanut butter maker J M Smucker Co (SJM.N) forecast a smaller-than-expected decline in annual revenue on Tuesday, betting on higher prices and steady demand for its…

BorgWarner sees EV, hybrid parts business generate nearly half of sales by 2027

reuters.com Auto parts supplier BorgWarner (BWA.N) on Tuesday forecast its electrified-vehicle business would generate about half of its total expected sales of over $10 billion by…

Arrival to convert Antara's $20 mln loan into equity

reuters.com Arrival said on Tuesday it will convert shareholder hedge fund Antara Capital Master Fund LP's $20 million loan into equity, a move that would help the British…

Indian EV two-wheeler startup River raises $15M led by Dubai’s Al Futtaim Group

techcrunch.com River, an Indian EV startup that introduced its first two-wheeler in February, has raised $15 million in a funding round led by Dubai’s Al Futtaim Group. With today’s…

Australian lender Westpac to raise interest rates after cenbank hike

reuters.com Top Australian lender Westpac Banking Corp (WBC.AX) said on Tuesday that it will raise its home loan variable interest rates by 25 basis points (bps), in line with the…

Cathay Pacific to pay deferred dividend to HK govt as operations return to normal

reuters.com Cathay Pacific Airways Ltd (0293.HK) said on Tuesday it would pay the deferred dividend of HK$1,524.1 million ($194.35 million) on the preference shares held by the Hong…

Kraken says investigating an issue with several crypto funding gateways

reuters.com Cryptocurrency exchange Kraken said on Tuesday it is investigating an issue with several crypto funding gateways including Bitcoin, Ether and ERC20s. "Deposits and…

Qantas CEO Alan Joyce sells $11 mln in shares ahead of retirement

reuters.com Australia's Qantas Airways Ltd's (QAN.AX) Chief Executive Alan Joyce on Tuesday sold A$16.9 million ($11.27 million) worth of shares in the airline, giving away a bulk of…

GSK's cancer drug Jemperli gets file acceptance from US FDA

reuters.com [1/2] GSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration June 6 (Reuters) - GSK (GSK.L) said on Tuesday that the U.S.…

Byju's sues 'predatory' lenders

techcrunch.com Indian edtech giant Byju’s has filed a complaint in the New York Supreme Court to challenge the acceleration of the $1.2 billion term loan B, calling their demands for…

Cryptoverse: Listless bitcoin seeks summer spark

reuters.com It's a tense time for bitcoin investors. Watch. Wait. Don't make the first move. The capricious cryptocurrency's been uncommonly quiet over the past four weeks, bound in the…

JPMorgan's Jamie Dimon to meet with group of US House Democrats

reuters.com JPMorgan Chase & Co (JPM.N) Chief Executive Officer Jamie Dimon will meet privately with a group of moderate House Democrats on Tuesday, with banking and the U.S. economy on…

Dell Australia found guilty of misleading customers on monitor prices, discounts

reuters.com Dell Technologies Inc's (DELL.N) Australian unit has been found guilty by the country's Federal Court to have misled customers about the prices or discounts on its add-on…

Bourse operator ASX on track for worst day in 11 years on higher cost outlook

reuters.com lifted its capital expenditure outlook for fiscal 2024 on Tuesday, sending shares of the Australian bourse operator on track for their worst day since August 2012, if losses…

Commonwealth Bank of Australia removes international money transfer fee

reuters.com Commonwealth Bank of Australia (CBA.AX), the country's biggest lender, said on Tuesday it was removing transaction fees for its domestic retail and business banking…

BA, BBC and Boots caught up in file transfer hack

reuters.com Tens of thousands of employees of British Airways, the UK drugstore chain Boots and Britain's BBC were among those whose personal data was exposed following a wide-ranging…

Bed Bath & Beyond in talks to sell Buybuy Baby to Go Global Retail

reuters.com Bed Bath & Beyond Inc is in talks to sell its Buybuy Baby chain to retail investment firm Go Global Retail, the Wall Street Journal reported on Monday citing people familiar…

General Electric to sell over $2 bln stake in GE HealthCare

reuters.com is offering 25 million of common stock, or an over $2 billion stake, in GE HealthCare Technologies Inc (GEHC.O), according to a regulatory filing on Monday. Under the…

UPDATE 2-Amedisys gets unsolicited $3.26-bln offer from UnitedHealth's Optum

finance.yahoo.com Amedisys Inc said on Monday it had received an unsolicited $3.26 billion all-cash offer from UnitedHealth Group's health services company Optum, a month after agreeing to be…

India’s Open Network for Digital Commerce Begins Facilitating B2B Transactions

pymnts.com India’s Open Network for Digital Commerce (ONDC) has begun facilitating B2B transactions. The government-backed eCommerce network started testing the B2B expansion in May…

SNAPSHOT Wall St opens muted as investors weigh chances of June rate pause

reuters.com The S&P 500 and Nasdaq on Monday hovered near highs hit in the previous session as Apple scaled an all-time peak, while investors assessed odds of the Federal Reserve…

Microsoft 365 down for thousands of users - Downdetector

reuters.com Microsoft Corp's (MSFT.O) product suite that includes Word and Excel was down for more than 15,000 users on Monday, according to outage tracking website Downdetector.com.…

Spotify to lay off 200 workers in podcast division

reuters.com Spotify Technology SA (SPOT.N) said on Monday it would cut 200 jobs from its podcast unit in its second round of layoffs, as the company restructures the business after…

UnitedHealth offers over $3 bln in cash for home health firm Amedisys

reuters.com on Monday made a surprise $3.26 billion all-cash offer to acquire Amedisys Inc (AMED.O), pitting itself against another healthcare company set to buy the home health and…