Reuters USA

(Reuters) – Investment management company Blackstone has agreed to take Canadian real estate firm Tricon Residential private for $3.5 billion, the companies said on Friday. U.S.-listed shares of Tricon jumped about 28% at market open, hitting nearly a one-and-a-half-year high. Under the deal, Blackstone will acquire all outstanding shares of Tricon for $11.25 per share …

Blackstone to take Tricon Residential private for $3.5 billion Read More »

(This Jan. 18 story has been corrected to remove the reference to hourly wages in paragraph 1) (Reuters) – Walmart said on Thursday that it will raise the annual average salary and bonus for its U.S. store managers beginning Feb.1. Following the planned move, the average salary for store managers at Walmart will be at …

Walmart to raise annual wages for US store managers Read More »

By Marisa Taylor and Maggie Fick WASHINGTON (Reuters) – U.S. inspectors recently uncovered new manufacturing problems at an Eli Lilly plant that has been under scrutiny by federal investigators, according to government records obtained by Reuters. The U.S. Food and Drug Administration inspection in July at Lilly’s Branchburg, New Jersey, plant detected eight separate deficiencies. …

Exclusive-US FDA finds new manufacturing lapses at Eli Lilly plant Read More »

By Dmitry Zhdannikov and Maha El Dahan DAVOS, Switzerland (Reuters) – At a dinner in the Swiss ski resort of Davos this week, Prime Minister Mohammed Shia al-Sudani hosted business and political leaders to showcase Iraq’s improved security and finances. As the private event was about to end, two attendees told Reuters, news reached some …

Iran’s desire for ‘a seat at the table’ felt in Davos Read More »

(Reuters) – Four U.S. banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high deposit costs. After more than a year of booking strong profits on the back of the high interest they were able to charge on …

US banks warn costly deposits to weaken interest income in 2024 Read More »

By Mumal Rathore and Indradip Ghosh BENGALURU (Reuters) -The Bank of Canada will wait until at least June to cut its key interest rate as price pressures remain sticky, according to a firm majority of economists in a Reuters poll, who said the timing of the first cut could be later than they expect. Despite …

BoC to wait until at least June before cutting rates Read More »

By Maria Ponnezhath and Lisa Barrington (Reuters) – An Atlas Air Boeing 747-8 cargo plane with five crew members made an emergency landing at Miami International Airport (MIA) late Thursday after facing an engine malfunction shortly after departure. Unverified videos on social media platform X showed flames shooting out of the left wing of the …

Atlas Air’s Boeing cargo plane makes emergency landing after engine malfunction Read More »

OTTAWA (Reuters) – Canada posted a surprise 0.2% month-on-month decline in retail sales in November led by a slowdown in sales of food and beverages at retail outlets, data showed on Friday, with consumers strained by high interest rates and sticky inflation. However, retail sales are likely to rebound in December, Statistics Canada said in …

Canada’s November retail sales down 0.2% m/m led by food and beverages Read More »

By Shristi Achar A (Reuters) -European shares edged higher on Friday, lifted by financials, but the benchmark index remained on course for a weekly decline following tempered rate-cut expectations. The pan-European STOXX 600 index was up 0.2% as of 1319 GMT, extending gains from the previous session. Banks rose 0.5%, powered by a 3.2% jump …

European shares extend gains on financials but track weekly fall Read More »

WASHINGTON (Reuters) – U.S. President Joe Biden’s administration on Friday said it was launching the most major reforms to disaster management relief in two decades as climate change-driven extreme weather events, such as floods and fires, increase. The Federal Emergency Management Agency (FEMA) reforms of its federal assistance policies and expanded benefits for disaster survivors …

US launches disaster relief reforms as climate-driven events rise Read More »