U.S. bank regulators extend comment period on Capital One-Discover deal
WASHINGTON (Reuters) – U.S. bank regulators announced Wednesday they were extending the comment period on Capital One’s bid to acquire Discover Financial to allow more time for feedback. The public…
Caterpillar, Deere inventories in focus as machinery demand plateaus
By Deborah Mary Sophia (Reuters) – Equipment inventories will be in focus when Caterpillar, Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on…
Biden’s re-election campaign won’t stop using TikTok
By Nandita Bose WASHINGTON (Reuters) – Joe Biden’s reelection campaign plans to continue using TikTok, a campaign official said on Wednesday, shortly after the U.S. president signed into law a…
Goldman Sachs taps BofA bankers for India dealmaking roles, sources say
By M. Sriram MUMBAI (Reuters) -Goldman Sachs has hired two senior bankers in India to cash in on growing dealmaking and investor interest in the South Asian country, three sources…
Apple announces event on May 7 amid reports of launch of new iPads
(Reuters) -Apple will hold an event on May 7, the company said on Tuesday, amid reports that it would roll out the long-anticipated revamped versions of iPad Pro and iPad…
Biden rule grants overtime pay to 4 million US workers
By Daniel Wiessner (Reuters) -The administration of U.S. President Joe Biden on Tuesday unveiled a rule extending mandatory overtime pay to an estimated 4 million salaried workers, going even further…
Big banks face probe over NDAs in swaps, clearing businesses, Bloomberg reports
(Reuters) -The Commodity Futures Trading Commission (CFTC) has reached out to a number of banks, including JPMorgan Chase, Bank of America and Citigroup to see if they have been preventing…
Exclusive-EU concerned about KKR, Telecom Italia deal impact on wholesale competition, sources say
By Foo Yun Chee and Elvira Pollina BRUSSELS/ROME (Reuters) – European Union antitrust regulators are asking rivals and customers whether proposed acquisition of Telecom Italia’s (TIM) fixed-line access network by…
Meta opens Quest operating system to third-party device makers
By Yuvraj Malik and Katie Paul (Reuters) -Meta Platforms is sharing its Quest headset’s operating system with rival device makers, including Microsoft, for the first time, it said on Monday,…
Biden unveils $7 billion for rooftop solar in Earth Day message
By Andrea Shalal and Nichola Groom TRIANGLE, Va. (Reuters) -President Joe Biden on Monday celebrated Earth Day by announcing $7 billion in grants for residential solar projects that will power…