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☆ Crypto exchange Bittrex to pay $29-mln penalty to U.S. Treasury Department
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +2 min

Oct 11 (Reuters) - The U.S. Treasury Department said on Tuesday that cryptocurrency exchange Bittrex Inc had agreed to pay $29 mln in fines for "apparent violations" of sanctions on certain countries and anti-money laundering law. The Treasury Department's Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN) had levied fines of about $24 million and $29 million, respectively, on Bittrex. Register now for FREE unlimited access to Reuters.com RegisterEffectively, Bittrex will have to pay a penalty of about $29 million. FinCEN said its investigation found that from February 2014 through December 2018, Bittrex did not maintain an effective anti-money laundering program. Bittrex in an emailed statement to Reuters said it was "pleased to have fully resolved" the matter with OFAC and FinCEN on mutually agreeable terms.

Oct 11 (Reuters) - Cameco Corp (CCO.TO) and Brookfield Renewable Partners said on Tuesday they would acquire nuclear power plant equipment maker Westinghouse Electric in a $7.9-billion deal including debt, amid renewed interest in nuclear energy. Nuclear power is also key for countries to meet global net-zero carbon emission goals and could be on the cusp of a boom seen after the 1970s oil crisis. Cameco will own 49% of Westinghouse, while Brookfield Renewable and its institutional partners will own the rest. Westinghouse was acquired from Toshiba Corp (6502.T) by Brookfield Business Partners , an affiliate of Canadian asset manager Brookfield (BAMa.TO), out of bankruptcy in 2018, for $4.6 billion, including debt. Brookfield Renewable and its partners will pay about $2.3 billion for the deal, whereas Cameco will incur equity costs of about $2.2 billion.

☆ Diagnostics firm Bio-Rad in talks to merge with Qiagen - WSJ
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +1 min

Oct 10 (Reuters) - California-based diagnostics company Bio-Rad Laboratories (BIO.N) is in talks to merge with Qiagen NV (QIA.DE), the Wall Street Journal reported on Monday, citing people familiar with the matter. U.S-listed shares of Qiagen rose 8% while Bio-Rad fell nearly 10% after the report. Register now for FREE unlimited access to Reuters.com RegisterBio Rad, which manufactures and supplies products such as laboratory apparatus, instruments and diagnostics, has a market-cap of $12.85 billion. Both Qiagen and Bio-Rad did not immediately respond to Reuters' requests for comments. Register now for FREE unlimited access to Reuters.com RegisterReporting by Bhanvi Satija in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

The move lifted British bond prices and pushed global benchmark yields lower. read moreMuch to the market's relief, Fed Chair Jerome Powell did not comment on monetary policy or the U.S. economic outlook on Wednesday. Among the 11 S&P 500 sector indexes, technology (.SPLRCT) was the sole decliner, down 0.5% due to Apple's drag. read moreEli Lilly & Co , which is also developing an Alzheimer's drug, rose 8.17% and was among the biggest boosts to the S&P 500 index. The S&P index recorded one new 52-week high and 30 new lows, while the Nasdaq recorded 21 new highs and 192 new lows.

read more read moreAmong the 11 S&P 500 sector indexes, technology (.SPLRCT) was the sole decliner, down 1.2%. read moreEli Lilly & Co , which is also developing an Alzheimer's drug, rose 7.7% and was the biggest boost to the S&P 500 index. In the previous session, Wall Street's main indexes sank deeper into a bear market, with the S&P 500 recording its lowest close in almost two years on rate hike worries. read moreAdvancing issues outnumbered decliners by a 3.55-to-1 ratio on the NYSE and by a 2.45-to-1 ratio on the Nasdaq. The S&P index recorded one new 52-week high and 29 new lows, while the Nasdaq recorded 16 new highs and 140 new lows.

☆ J&J names consumer health business Kenvue ahead of spin-off
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

Sept 28 (Reuters) - Johnson & Johnson (JNJ.N) named its consumer business Kenvue on Wednesday, moving ahead with its plans to spin-off the unit in what would be the biggest shake-up in the healthcare conglomerate's 135-year history. The business also houses Band-Aid bandages and Tylenol medicines and generated revenue of $14.6 billion in 2021. Kenvue is a combination of "ken", an English word for knowledge primarily used in Scotland, and "vue" a reference to sight. Usage of the new company logo and corporate brand identity will be effective upon completion of the planned separation, which Johnson & Johnson last year said will be completed by November 2023. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mrinalika Roy in Bengaluru; Editing by Shinjini Ganguli and Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. FDA proposes new rules for packaged foods to qualify as 'healthy'
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

Sept 28 (Reuters) - The U.S. Food and Drug Administration (FDA) on Wednesday proposed new rules for labeling packaged foods as "healthy", as it seeks to help people make informed nutritional choices which can help lower the risk of chronic diseases. The proposed changes to food labeling come on the day of the first White House summit on hunger, nutrition and health in more than 50 years. "Too many people may not know what constitutes healthy food. FDA's move will help educate more Americans," U.S. HHS Secretary Xavier Becerra said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Raghav Mahobe; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Hertz ties up with BP for EV charger installations in North America
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterSignage is seen at Hertz rental car at John F. Kennedy International Airport in Queens, New York City, U.S., March 30, 2022. REUTERS/Andrew Kelly/File PhotoSept 27 (Reuters) - Hertz Global Holdings Inc (HTZ.O) said on Tuesday it has partnered with a unit of oil giant BP to install electric vehicle (EV) charging stations across North America to power its fleet of eco-friendly cars. It has laid out plans to have 3,000 charging stations in North America by the end of 2022. Register now for FREE unlimited access to Reuters.com RegisterAs per the deal, bp pulse will manage the EV charging hubs, which will be open to Hertz customers as well as the general public. Register now for FREE unlimited access to Reuters.com RegisterReporting by Priyamvada C in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. business equipment borrowings grow 4% in August - ELFA
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterThe skyline is seen in Manhattan, New York City, U.S., August 21, 2021. "With the Fed's most recent 75-basis-point jump in short-term interest rates, and the prospect of a hard landing, time will tell whether — and to what extent — these same business owners continue to grow and invest in equipment," ELFA Chief Executive Ralph Petta said in a statement. The Washington-based body's leasing and finance index measures the volume of commercial equipment financed in the United States. The Equipment Leasing & Finance Foundation, ELFA's non-profit affiliate, said its confidence index in September stood at 48.7%, compared with 50% in August. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kannaki Deka in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ China Southern Airlines places order for 40 Airbus jets
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Benoit TessierSept 22 (Reuters) - China Southern Airlines Co Ltd (600029.SS) said on Thursday its unit has placed an order with Airbus SE (AIR.PA) for 40 A320neo-family aircraft worth $4.85 billion. The deal comes months after three Chinese state airlines placed an apparently coordinated order for nearly 300 Airbus jets, the biggest order by Chinese airlines in about 5 years. read moreThe new order for 40 jets was on top of the bulk order for 292 aircrafts announced in July, an Airbus spokesperson said. read moreThe Airbus deal follows China Southern Airlines' order in August for 96 A320neo-family aircraft worth $12.25 billion. Xiamen Airlines is majority owned by China Southern Airlines and has previously relied exclusively on Boeing jets.

☆ Pfizer to supply up to 6 mln COVID pill courses for lower income countries
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA 3D printed Pfizer logo is placed near medicines from the same manufacturer in this illustration taken September 29, 2021. Pfizer said the supply agreement is part of its strategy to facilitate equitable access to oral COVID treatments. Register now for FREE unlimited access to Reuters.com RegisterThe company has made a deal with several generic drugmakers to produce its treatment at a lower price for developing countries. "This agreement with Global Fund is a critical step that will boost equitable access for high-risk patients in low-and-middle income countries," Chief Executive Officer Albert Bourla said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mrinalika Roy in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Accenture forecasts revenue below estimates on IT spending cut, higher dollar
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterAccenture PLC logo is seen on a smartphone in front of displayed same logo in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/IllustrationSept 22 (Reuters) - IT services firm Accenture Plc forecast first-quarter revenue below expectations on Thursday, weighed down by IT spending cuts amid high inflation and impact from a stronger dollar. Register now for FREE unlimited access to Reuters.com RegisterAnalysts worry a protracted economic slowdown could dent robust IT spending with the cracks already showing after Salesforce cut its annual revenue and profit forecast noting “measured” spending from clients. The company forecast current-quarter revenue between $15.20 billion and $15.75 billion, compared with analysts' average estimate of $16.07 billion, according to data from Refinitiv. Register now for FREE unlimited access to Reuters.com RegisterReporting by Chavi Mehta in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Register now for FREE unlimited access to Reuters.com RegisterThe Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid/File PhotoCompanies Amazon.com Inc FollowSept 21 (Reuters) - Amazon.com Inc (AMZN.O) said on Wednesday it would add 2.7 gigawatts of clean energy capacity through several new projects as it seeks to use 100% renewable energy across its business by 2025. Amazon's renewable energy projects would total 379 after the addition of the 71 new ones and it expects to generate 50,000 gigawatt hours (GWh) of clean energy from its entire portfolio, equivalent of powering 4.6 million U.S. homes each year. The new projects include three large-scale plants in the Indian state of Rajasthan with a capacity of 420 megawatts (MW), rooftop solar projects in France and Austria, and its first solar farm in Poland. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Savyata Mishra in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. CDC expects Omicron COVID boosters for kids by mid-October
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Hannah BeierSept 21 (Reuters) - The U.S. Centers for Disease Control and Prevention expects COVID-19 vaccine boosters targeting circulating variants of the virus to be available for children aged 5-11 years by mid-October. Register now for FREE unlimited access to Reuters.com RegisterThe CDC said it expects Pfizer-BioNTech's (PFE.N), bivalent vaccine to be available for children aged 5-11 years, and Moderna's (MRNA.O) vaccine for those aged 6-17 years, pending FDA authorization. The Pfizer vaccine is already authorized as a booster dose for children over 12 years of age, while Moderna's bivalent vaccine is authorized for adults. The CDC expects pre-orders for the Pfizer shot to begin for the age group next week. The Moderna vaccine will have the same formulation for children and adults and will not require a separate pre-order period, the CDC said.

☆ NATO brings reserve troops to Kosovo for training amid fears of unrest
▼ + stars: | 2022-09-21 | by ( Sabine Siebold | ) www.reuters.com time to read: +2 min

CAMP BONDSTEEL, Kosovo Sept 21 (Reuters) - NATO has brought in reserve troops assigned to its KFOR peacekeeping mission to Kosovo for training, one of the mission commanders said, as a deadline approaches in a spat between the Serbian minority and the government that may spark fresh unrest. KFOR's regional commander east, Colonel Christopher Samulski, told reporters the reserves had been brought in "as part of normal contingency planning." The U.S. officer did not give any concrete figures of how many reserve troops have arrived in Kosovo but spoke of a "battalion-size" unit. Samulski emphasized that the reserve troops had been brought in for training. Beyond this, Samulski said KFOR could also draw on reserves outside Kosovo.

☆ FTC seeks more data on Amazon's $1.7-billion deal for vacuum maker iRobot
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermidSept 20 (Reuters) - The U.S. Federal Trade Commission (FTC) has asked Amazon.com Inc (AMZN.O) and iRobot Corp (IRBT.O) for more information on the e-commerce giant's $1.7-billion buyout of the Roomba vacuum maker. In a filing on Tuesday, iRobot said the FTC had on Sept. 19 requested more details on the deal that was announced last month and would expand Amazon's stable of smart home devices. read moreA group of about 20 pro-privacy and worker organizations have urged U.S. antitrust enforcers to stop the deal, citing concerns about privacy and Amazon's already powerful position in the smart home devices market. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Tiyashi Datta in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Goldman Sachs lays off 25 bankers in Asia, Bloomberg reports
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterThe Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermidSept 20 (Reuters) - Goldman Sachs (GS.N) has laid off at least 25 bankers in Asia, Bloomberg News reported on Tuesday citing people familiar with the matter, as volatility in capital markets stifles dealmaking across sectors. The job cuts, which span across the bank's equity capital markets, health care, and telecommunication, media and technology teams in Asia mostly impacted junior level bankers involved in deals in Greater China, the Bloomberg report said. "Every year globally we conduct a strategic assessment of our resources and calibrate headcount to the current operating environment," a Goldman spokesperson said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mehnaz Yasmin in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Instacart plans to focus on selling employees' shares in IPO, Wall Street Journal reports
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterSept 19 (Reuters) - Grocery delivery app Instacart Inc does not seek to raise much capital in its U.S. initial public offering and instead plans to focus on the sale of employees' shares, the Wall Street Journal reported on Monday, citing sources familiar with the matter. The report added the sale of mostly employee shares would allow Instacart's staff, including some of its earliest hires, to cash in on of some of the shares they have been accumulating and also help the company retain talent. Register now for FREE unlimited access to Reuters.com RegisterThe shares will be sold directly to new investors at an agreed-upon price ahead of a stock-market debut, according to the WSJ report. Instacart said in May it had confidentially filed with the U.S. securities regulator to go public, not long after slashing its valuation by 40% following market turbulences. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Praveen Paramasivam in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

The company can sell existing Yeezy Gap stocks until the sell-off period, the letter said. West, known as Ye, in 2020 signed a 10-year deal with Gap to create a line of clothing under the Yeezy Gap brand. 1/2 Rapper Kanye West talks on the phone before attending the Versace presentation in New York, U.S. December 2, 2018. Ties between West and Gap have been increasingly strained recently. Gap has been struggling to protect margins and pull in sales, blaming inflation and outdated styles at its Old Navy brand.

☆ Union Pacific says track congestion hurting ability to meet demand
▼ + stars: | 2022-04-21 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterA Union Pacific rail car is parked at the Canadian Pacific Railway (CP Rail) Toronto Yard in Scarborough, Ontario, Canada March 20, 2022. REUTERS/Chris HelgrenApril 21 (Reuters) - Union Pacific Corp (UNP.N) said on Thursday congestion on tracks was hurting its ability to meet shipping demand even as price hikes helped the U.S. railroad operator top market expectations for quarterly results. Freight shipment demand, however, has allowed companies including Union Pacific to raise prices and mitigate the impact of congestion, labor shortage and rising costs. Total operating revenue in the quarter rose to $5.86 billion, topping analysts' expectations of $5.72 billion, according to Refinitiv data. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nathan Gomes in Bengaluru; Additional reporting by Abhijith Ganapavaram Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Tina Bellon/File PhotoApril 19 (Reuters) - Uber Technologies (UBER.N) and Lyft Inc (LYFT.O) have scrapped face mask mandates for their riders and drivers in the United States, the ride-hailing companies said on Tuesday, as COVID cases have fallen sharply from their January peak. Walt Disney Co (DIS.N) also said that wearing masks would be optional for fully vaccinated visitors at its indoor and outdoor locations and transport facilities. The company in November resumed shared rides, which had been suspended due to rising COVID cases. read moreAllegiant Travel Co (ALGT.O), Hawaiian Holdings Inc (HA.O), Spirit Airlines (SAVE.N) and Frontier Group Holdings Inc (ULCC.O) also lifted their mask mandates on Tuesday. Major carriers including American Airlines (AAL.O), United Airlines (UAL.O) and Delta Air Lines (DAL.N) relaxed curbs following the announcement.

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