Stocks
By Jessica DiNapoli and Jonathan Stempel NEW YORK (Reuters) – Ben & Jerry’s on Friday ratcheted up its censorship lawsuit against Unilever (LON:), accusing its parent company of suppressing a social policy statement the U.S. ice cream maker wanted to release because it mentioned President Donald Trump. The allegation came…
By Jody Godoy (Reuters) – The chairman of the Federal Trade Commission on Friday acknowledged staff anxiety over returning to full-time in the office at an agency where around 80% work from home most of the week, but said the COVID pandemic is long over and workers need to be…
By Nupur Anand, Saeed Azhar and Pete Schroeder NEW YORK (Reuters) -Bank of America and JPMorgan are set to lobby the White House and Congress to defend themselves from accusations by President Donald Trump and others that they have shut down accounts of conservative customers on political grounds. The banks…
By Dietrich Knauth NEW YORK (Reuters) – Purdue Pharma said on Friday it needs more time to build support for a new $7.4 billion settlement that could complete the company’s years-long effort to resolve thousands of lawsuits over its addictive pain medication OxyContin. The company still needs to hammer out…
Investing.com — Moody’s (NYSE:) Ratings has upgraded the long-term foreign currency and local currency issuer ratings of the Government of Argentina from Ca to Caa3. The outlook for the country has also been changed from stable to positive. This upgrade is a reflection of the government’s successful policy shift which…
(Reuters) – U.S. President Donald Trump suspended new federal offshore wind leasing on his first day back in the Oval Office on Jan. 20, pending an environmental and economic review. On the same day, Danish energy company Orsted (CSE:), the world’s biggest offshore wind firm, posted another impairment charge on…
Investing.com — Beacon Roofing Supply (NASDAQ:) Inc. has begun searching for potential buyers in a bid to counteract an $11 billion takeover offer from QXO Inc, according to a report from Bloomberg. The Virginia-based firm, which specializes in commercial and residential roofing, siding, windows, and other building materials, has been…
MILAN (Reuters) – Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under way. BATTLES IN GENERALI AND MEDIOBANCA Caltagirone last year expanded his investments in Italy’s financial sector and is now a key shareholder in bailed-out bank…
By Tom Westbrook and Elizabeth Howcroft NEW YORK/SINGAPORE/PARIS (Reuters) -Crypto markets crept up on Friday, still holding below recent highs even after President Donald Trump ordered a new working group to draw up crypto regulations long hoped for by the industry and explore the creation of a U.S. cryptocurrency stockpile.…
Investing.com — A recent study has unveiled that companies with high-level political connections within their board of directors tend to have a higher market perception of their cash holdings. The research was led by the University of Portsmouth and was published in the British Journal of Management. The study scrutinized…
