Reuters USA - Squid Business

FDIC retains BlackRock unit for Signature Bank, SVB securities portfolio sale

(Reuters) – The Federal Deposit Insurance Corporation (FDIC) has retained BlackRock Inc unit Financial Market Advisory to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and Silicon Valley Bank. The face values of the two portfolios are about $27 billion and $87 billion, the regulator said in a statement …

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Disney’s streaming chief to exit under company revamp

LOS ANGELES (Reuters) – Michael Paull, the head of Walt Disney Co’s streaming entertainment unit, is leaving the company after six years under an ongoing restructuring by Chief Executive Bob Iger, a Disney statement said on Wednesday. Joe Earley, the current president of Hulu, will take over as president of streaming for Disney Entertainment, the …

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Rising consumer prices in Mexico eased to a 17-month low in March

MEXICO CITY (Reuters) -Mexico’s annual inflation slowed in March by more than expected to 6.85%, the lowest rate in nearly 1-1/2 years, although core price pressures remained elevated, data from national statistics agency INEGI showed on Wednesday. The March reading was the lowest since October 2021, and came in slightly below the consensus forecast of …

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Latam, Caribbean leaders meet to draft roadmap to tame inflation

MEXICO CITY (Reuters) – Leaders of 11 Latin American and Caribbean countries agreed to work to outline measures seeking to tame inflation in the region, including better conditions for trade, according to a statement published by Mexico’s presidential office Wednesday. Agreements reached include the creation of a working group of government representatives aimed at identifying …

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Goldman Sachs fined $3 million by FINRA over mismarking short sale orders

NEW YORK (Reuters) – The Financial Industry Regulatory Authority, Wall Street’s self-funded watchdog, fined Goldman Sachs Inc $3 million on Tuesday for mistakenly marking some of its stock orders as “long” instead of “short”, and for trade reporting violations. From October 2015 to April 2018, Goldman mismarked around 60 million short sale orders totaling more …

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Republican US presidential candidate Haley hauls in $11 million since launch

By Gram Slattery WASHINGTON (Reuters) – Republican U.S. presidential candidate Nikki Haley has raised more than $11 million since declaring her candidacy in February, her campaign said on Wednesday, a significant sum that could help her expand her support in the coming months. Haley’s campaign said it has received 70,000 donations since she declared her …

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Chicago elects Brandon Johnson as new mayor -AP

By Brendan O’Brien and Dan Whitcomb CHICAGO (Reuters) -Brandon Johnson was elected Chicago mayor on Tuesday, according to the Associated Press, defeating Paul Vallas in a runoff between two Democrats to take over a city grappling with crime, an issue that dominated the race. Johnson, a 47-year-old Cook County Commissioner, becomes the 57th mayor of …

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Crisis jolts Wall Street bankers already resigned to tough job market

By Tatiana Bautzer NEW YORK (Reuters) -Wall Street bankers face an increasingly gloomy job market after last month’s banking crisis worsened an already bleak outlook for pay and staffing. The failure of two U.S. banks – Silicon Valley Bank and Signature Bank – shook confidence in the industry and prompted government intervention to protect the …

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Chipotle sues Sweetgreen for trademark infringement over ‘chipotle chicken’ bowl

By Blake Brittain (Reuters) – Chipotle Mexican Grill Inc sued fast-casual dining rival Sweetgreen Inc in California federal court Tuesday, claiming the salad chain’s new “Chipotle Chicken Burrito Bowl” violates its trademark rights. Chipotle’s lawsuit said Sweetgreen’s “very similar and directly competitive” bowl is an attempt to capitalize on the Chipotle brand and likely to …

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Investor pressure builds for Seven & i shake-up, including 7-Eleven spin off

By Svea Herbst-Bayliss and Makiko Yamazaki NEW YORK/TOKYO (Reuters) – Another major shareholder in Seven & i Holdings is pushing the company to spin off its 7-Eleven convenience store chain and wants new directors on the board as investor frustration with its conglomerate structure intensifies. Conglomerates are seen offering rich pickings for investor activists in …

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