By Manas Mishra and Sneha S K (Reuters) -Walgreens Boots Alliance beat analysts’ lowered expectations for first-quarter adjusted profit on Friday and indicated that its restructuring was taking hold, sending the U.S. pharmacy chain operator’s shares up nearly 25%. The company has announced thousands of store closures, a $1 billion cost-cutting program, and is exploring…
By Pete Schroeder WASHINGTON (Reuters) – The potential next head of a U.S. banking regulator laid out a sweeping plan on Friday to adopt a lighter touch on the banking industry on matters ranging from capital to cryptocurrency. Travis Hill, the vice chair of the Federal Deposit Insurance Corporation, said in prepared remarks the FDIC…
(Reuters) – The European Commission on Friday said it had approved under conditions the takeover by chip design software maker Synopsys of software company Ansys, a $35 billion cash-and-stock deal announced in January last year. The deal would see Synopsys snap up the maker of software used in creating products from airplanes to tennis rackets…
OTTAWA (Reuters) – Canada is considering slapping retaliatory tariffs on a slew of U.S. products including orange juice in case President-elect Donald Trump imposes a 25% tariff on goods imported from north of its border, a local newspaper said on Thursday. Orange juice is largely produced in Trump’s home state of Florida. Other items under…
By Steve Holland, Gram Slattery and Tim Reid WEST PALM BEACH, Florida (Reuters) – U.S. President-elect Donald Trump is serious about trying to acquire Greenland, both to expand America’s sphere of influence in the Western Hemisphere and as a way to cement his legacy, according to three sources familiar with his thinking. The Republican said…
By Blake Brittain (Reuters) – Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark Zuckerberg, a group of authors alleged in newly disclosed court papers. Ta-Nehisi Coates, comedian Sarah Silverman and other authors suing Meta for copyright infringement made the accusations in filings made…
WASHINGTON (Reuters) – Hiring announcements by U.S. employers last year were the lowest since 2015, a report showed on Thursday, confirming a sharp moderation in job growth over that period. Global outplacement firm Challenger, Gray & Christmas said companies announced 769,953 hiring plans, down 1.3% from 2023. Hiring announcements dropped to 7,999 in December from…
By Clare Jim HONG KONG (Reuters) -Country Garden has proposed a deal to its offshore creditors that will cut its debt by $11.6 billion, paving the way for the property developer to seek more time from the high court in Hong Kong to implement a restructuring plan. The indebted developer has reached an understanding with…
WASHINGTON (Reuters) – Elon Musk, who U.S. President-elect Donald Trump has tapped to oversee a government cost-cutting effort, acknowledged that his declared goal of cutting $2 trillion in spending from the $6.8 trillion federal budget would be a long shot. “I think if we try for 2 trillion, we’ve got a good shot at getting…
(Reuters) – Entrepreneur and former Los Angeles Dodgers owner Frank McCourt’s Project Liberty and its consortium of partners in The People’s Bid said on Thursday they proposed to make a formal bid to ByteDance to buy TikTok’s U.S. assets. The move comes ahead of a Jan. 19 deadline by which ByteDance has to sell the…
