By Abigail Summerville NEW YORK (Reuters) – General Mills, the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular Yoplait brand in a deal that could be worth more than $2 billion, people familiar with the matter said. The Minneapolis-based food conglomerate is…
By Jonathan Stempel (Reuters) – A real estate brokerage owned by Warren Buffett’s Berkshire Hathaway said on Friday it reached a $250 million settlement of nationwide antitrust litigation that is expected to change how real estate agents are paid. HomeServices of America, the largest U.S. real estate brokerage, was the last remaining defendant in a…
(Reuters) – Alphabet breached the $2 trillion market value mark for the first time since November 2021 on Friday, as investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback. The stock was last trading up 11.7% at $173.55, after hitting a record high moments after the market opened. (Reporting…
(Reuters) -Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) tied to the regulation of the Ethereum blockchain, the crypto firm said on Thursday. The regulation of the industry has become a contentious issue as the sector’s biggest companies, including Coinbase Global, allege the SEC does not have jurisdiction on the…
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Communications Commission said on Thursday it will approve the T-Mobile US deal to buy Ka’ena Corp, the owner of budget service provider Mint Mobile, for up to $1.35 billion. The FCC cited T-Mobile’s voluntary agreement to implement a 60-day unlocking period for all Mint Mobile and Ultra…
(Reuters) – Top executives of U.S. liquefied natural gas developer Tellurian Inc could earn tens of millions of dollars if its proposed Driftwood LNG plant gets a green light, or if company is sold, a proxy filing released on Thursday showed. Tellurian had previously said that it was looking at all options, including a potential…
By Ross Kerber (Reuters) – European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record $8.8 billion in net withdrawals from the products in the U.S. A combination of factors likely contributed to the U.S. sustainable fund outflows during the first three…
WASHINGTON (Reuters) – U.S. bank regulators announced Wednesday they were extending the comment period on Capital One’s bid to acquire Discover Financial to allow more time for feedback. The public will now have until May 31 to weigh in on the pending $35 billion deal, which would create the sixth-largest bank and a payments giant….
By Deborah Mary Sophia (Reuters) – Equipment inventories will be in focus when Caterpillar, Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on demand in what is expected to be a lukewarm year for the sector. Coming off of a strong 2023 where supply chain concerns and soaring…
By Nandita Bose WASHINGTON (Reuters) – Joe Biden’s reelection campaign plans to continue using TikTok, a campaign official said on Wednesday, shortly after the U.S. president signed into law a bill that would ban the app if its Chinese owner fails to divest it. The decision comes as many young and left-leaning voters, a significant…
