FRANKFURT (Reuters) – Swiss food giant Nestle is targeting stable growth in sales volumes from the second quarter throughout the remainder of the year as cost inflation eases, its CEO told Swiss weekend paper “Schweiz am Wochenende” on Saturday. “From the second quarter and for the rest of the year, we can expect a stable,…
By Steve Holland, Tim Reid and David Morgan RALEIGH, North Carolina (Reuters) -President Joe Biden said on Friday he intended to defeat Republican rival Donald Trump in the November presidential election, giving no sign he would consider dropping out of the race after a feeble debate performance that dismayed his fellow Democrats. “I know I’m…
MANILA (Reuters) – The World Bank said on Saturday its board of executive directors has approved $1.25 billion in loans for the Philippines’ education and public infrastructure sectors. In a statement, the World Bank said it will extend a $500 million loan for a Philippine project aiming to repair disaster-hit schools in provinces and improve…
(Reuters) -The U.S. Army awarded Lockheed Martin a multi-year contract worth $4.5 billion for its air defense Patriot Missiles system, the Pentagon said on Friday. The Patriot system is one of an array of sophisticated air defense units supplied by the West to help Ukraine, as it continues its defense against Russia’s invasion. The contract…
By Stephanie Kelly, Steve Holland and Nandita Bose (Reuters) -U.S. President Joe Biden’s shaky performance against Republican rival Donald Trump on Thursday rattled Democrats and prompted some strategists to ask whether their party should take the unprecedented step of replacing him as their candidate. Biden supporters had hoped Thursday night’s debate would dispel worries that…
(Reuters) – Pershing Square USA, a fund managed by billionaire Bill Ackman, said on Friday it plans to offer shares at $50 each in its initial public offering in New York. Ackman is launching a new investment portfolio that will be available to anyone who can invest in the United States, including retail investors. The…
By Chris Prentice and Pete Schroeder WASHINGTON (Reuters) – The Supreme Court’s move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police Wall Street and invite more litigation, legal experts said in the wake of Friday’s landmark ruling. The court overturned a 1984…
(Reuters) – The White House is seeking an additional $4 billion in funding from Congress for disaster needs, including to help rebuild the Baltimore bridge after its collapse and in response to last year’s fires in Maui, the Office of Management and Budget said on Friday. Funds would also help survivors of tornadoes in Iowa,…
(Reuters) – The U.S. Supreme Court’s ruling on Thursday scuttling OxyContin maker Purdue Pharma’s bankruptcy settlement could have a sweeping impact on how U.S. bankruptcy courts handle cases aimed at resolving sprawling litigation. Here is a look at some ongoing bankruptcy cases that could be impacted. CATHOLIC DIOCESES More than two dozen Catholic diocese have…
(Reuters) – The U.S. Justice Department has charged 193 people, including 76 doctors, nurses and other medical professionals, with participating in health care fraud schemes worth $2.75 billion, the agency said on Thursday. The government seized more than $231 million in cash, luxury vehicles, gold and other assets in the law enforcement action that spanned…
