World shares rise, US dollar weakens on soft labor market data
By Chibuike Oguh NEW YORK (Reuters) -World equities rose while the U.S. dollar fell on Wednesday following soft labor market data that buoyed investor expectations of Federal Reserve interest rate…
GM to pay $145.8 million penalty after US finds excess emissions
By David Shepardson (Reuters) -General Motors will pay a $145.8 million penalty after a U.S. government investigation found excess emissions from approximately 5.9 million GM vehicles, government agencies said on…
VP Harris top choice to replace Biden in election race if he steps aside, sources say
By Nandita Bose WASHINGTON (Reuters) – Vice President Kamala Harris is the top alternative to replace U.S. President Joe Biden if he decides not to continue his reelection campaign, according…
US FDA approves Lilly’s Alzheimer’s drug
The U.S. Food and Drug Administration on Tuesday gave a green light to Eli Lilly’s donanemab for patients with early Alzheimer’s, making it the second approved drug for slowing the…
Exclusive-Vista Equity in talks to hand over Pluralsight to creditors, sources say
By Milana Vinn (Reuters) – Private equity firm Vista Equity is in talks to cede control of its company Pluralsight to lenders, according to three people familiar with the matter…
Progressive to pay $48 million to settle claims it undervalued wrecked cars
By Jonathan Stempel NEW YORK (Reuters) – Progressive agreed to pay $48 million to settle a class action lawsuit accusing the insurer of systematically undervaluing the claims of New York…
Walmart has held talks to sell its shuttered medical clinics, Fortune reports
(Reuters) – Walmart has held talks with potential buyers to sell its already shuttered medical clinics, Fortune reported on Tuesday, citing multiple sources familiar with the matter. In April, Walmart…
Paramount is looking for streaming partner, CNBC reports
(Reuters) – Paramount Global is holding talks with other media companies about merging its streaming platform with an existing platform, CNBC reported on Monday, citing people familiar with the matter.…
ECB not in a hurry to cut rates further, Lagarde says
SINTRA, Portugal (Reuters) – The European Central Bank needs more time to conclude that inflation is firmly on a path to 2% and benign economic developments indicate that rate cuts…
Exclusive-Nvidia set to face French antitrust charges, sources say
By Foo Yun Chee BRUSSELS (Reuters) -Nvidia is set to be charged by the French antitrust regulator for allegedly anti-competitive practices, people with direct knowledge of the matter said, making…