(Reuters) -Ingram Micro made public its U.S. IPO filing on Monday, more than two years after the private-equity backed electronics distributor laid the foundation for its return to stock markets. Expectations of more monetary policy easing and pressure to return capital to investors are encouraging PE firms to list their portfolio companies. Beverly Hills, California-based…
NEW YORK (Reuters) -U.S. oil demand rose in July to the highest seasonal level since 2019 while output declined for the second time in three months, data from the U.S. Energy Information Administration showed on Monday. U.S. oil demand has been more resilient this year compared to other major consumers such as China, which have…
By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration said on Monday that General Motors’ self-driving car unit Cruise will pay a $1.5 million fine after it failed to disclose details of a serious October 2023 crash involving a pedestrian. Under the settlement, Cruise must submit to NHTSA a corrective action plan on…
By Jody Godoy NEW YORK (Reuters) -The U.S. Federal Trade Commission allowed Chevron’s $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron’s board. The FTC’s order leaves Exxon Mobil’s challenge to the deal, which is expected to stretch deep into next year, as its final…
By Aditya Kalra NEW DELHI (Reuters) – Three online sellers operating on Walmart-owned Flipkart have sued the Indian antitrust watchdog over an investigation which found they, Flipkart and rival Amazon breached competition laws, according to court filings seen by Reuters. The filings come after antitrust investigations concluded in August found Amazon and Flipkart, some of…
MOSCOW (Reuters) – The Kremlin said on Sunday that amendments to Russia’s nuclear doctrine had been prepared and were about to be formalised, meaning the relevant documents setting out the circumstances in which nuclear arms can be used by Moscow will be updated. President Vladimir Putin warned the West on Wednesday that under proposed changes…
By Milana Vinn and David French (Reuters) – Buyout firm TPG has emerged as the frontrunner to pick up a minority stake worth $2 billion in Creative Planning, in a deal that could value the wealth management firm at more than $15 billion, people familiar with the matter said on Saturday. The deal would mark…
By Deena Beasley LOS ANGELES (Reuters) – Student Zoe Davis, 20, was just weeks into her junior year when she landed back in the hospital with severe sickle cell pain earlier this month. She is doing what she can to prevent the crippling attacks in her arms, legs and abdomen that are becoming more frequent….
By Caroline Valetkevitch and Sruthi Shankar NEW YORK/LONDON (Reuters) – Global stock indexes hit all-time highs on Friday after China’s central bank lowered interest rates and injected liquidity into its banking system and U.S. inflation continued to ease, while Treasury yields dipped. The yen firmed against the dollar after Japan’s former defense minister Shigeru Ishiba…
By Katya Golubkova TOKYO (Reuters) – Oil prices were little changed on Thursday after falling in the previous session as signs of higher fuel demand and falling stockpiles in the U.S., the world’s biggest oil user, offset concerns over demand elsewhere, particularly in China. Brent crude futures were up 9 cents, or 0.12%, to $73.55…
