WASHINGTON (Reuters) – A top Nippon Steel executive plans to meet with senior U.S. officials on Wednesday to try and salvage the firm’s $14.9 billion bid for U.S. Steel, a person familiar with the matter said. The meeting, which will feature Takahiro Mori, a key negotiator on the deal, is also expected to include Treasury…
By Simon Lewis WASHINGTON (Reuters) – The Biden administration on Wednesday notified the U.S. Congress that it will provide Egypt with $1.3 billion in military aid, a State Department spokesperson said, the first time since 2020 Egypt will receive the total amount of U.S. funding despite human rights conditions. The announcement comes as Washington has…
By Andrea Shalal and Nandita Bose NEW YORK (Reuters) – President Joe Biden, Vice President Kamala Harris and former President Donald Trump made a rare joint appearance on Wednesday at the New York City site that marks the Sept. 11 plane attacks in 2001 that killed nearly 3,000 people. Harris, the Democratic presidential nominee and…
(Reuters) – JPMorgan Chase has named David Bauer as its new co-head of equity capital markets in the Americas, according to an internal memo seen by Reuters on Wednesday. Bauer, who joins the largest U.S. bank from private equity giant KKR, will lead the unit along with Keith Canton, the memo said. He has spent…
By Joey Roulette and Gerry Doyle WASHINGTON (Reuters) -Four private astronauts blasted into space early on Tuesday in a modified SpaceX Crew Dragon capsule, kicking off the company’s five-day Polaris Dawn mission, which aims to test new spacesuit designs and conduct the first private spacewalk. The crew, a billionaire entrepreneur, a retired military fighter pilot…
By Noel Randewich (Reuters) – Shares of Trump Media & Technology Group, majority-owned by former U.S. President Donald Trump, surged for a second day on Tuesday ahead of a debate between the Republican presidential candidate and Vice President Kamala Harris. The stock jumped over 4% and lifted the value of Trump’s stake in the company…
By Nupur Anand and Pritam Biswas NEW YORK (Reuters) -JPMorgan Chase shares fell about 6% after the bank’s president on Tuesday tempered expectations about its income from interest payments. President and Chief Operating Officer Daniel Pinto said forecasts for net interest income (NII), or the difference between what the bank makes on loans and pays…
By Jody Godoy ALEXANDRIA, Virginia (Reuters) – News Corp explored switching away from Google’s advertising tools in 2017 but estimated that doing so would lose the Wall Street Journal publisher at least $9 million in ad revenue, a former executive testified on Tuesday at Google’s antitrust trial in Virginia. Google frustrated publishers by introducing features…
ZURICH (Reuters) – Siemens is spending $60 million on a new U.S. factory to build high speed trains to whisk passengers between Los Angeles and Las Vegas, the German engineering company said on Monday. Around 300 jobs will be created at the 300,000 sq ft facility in Horseheads, upstate New York, which Siemens said was…
By Max A. Cherney and Kenrick Cai CUPERTINO, California (Reuters) – Apple unveiled updated Watches and AirPods at an event on Monday focused on its AI-enhanced iPhone 16, although Apple’s product showcase risks being overshadowed by Chinese rival Huawei’s tri-fold phone, unofficially announced earlier in the day. The Chinese company’s website showed on Monday that…
