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Cadbury-owner Mondelez exploring Hershey acquisition, Bloomberg News reports

(Reuters) -Cadbury-parent Mondelez International is exploring the acquisition of chocolate maker Hershey, Bloomberg News reported on Monday, citing people familiar with the matter, in what would create one of the world’s largest confectioners. Shares of Hershey, which has a market capitalization of about $35 billion, rose as much as 19% to $208.03, while those of …

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Britain’s Reeves looks for growth boost from EU reset

LONDON (Reuters) -British finance minister Rachel Reeves met euro zone counterparts for the first time on Monday, pushing for co-operation to boost growth without getting into the details on tricky issues that may hinder a reset in relations. Britain’s Labour government is pushing to reset ties with the EU after coming to power in July. …

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Comcast warns of higher broadband losses on tough competition, hurricane hit

(Reuters) -U.S. telecom giant Comcast on Monday forecast fourth-quarter broadband subscriber losses to exceed Wall Street estimates, hurt by tough competition from wireless providers and the impact of two hurricanes that rocked Florida. Shares of the company fell 8.3%. Its dour forecast also dragged down smaller rival Charter Communications’ stock by 6.5%. Comcast expects broadband …

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EU countries want vaping included in bloc’s tobacco tax law

BRUSSELS (Reuters) -Sixteen EU countries asked the European Commission on Monday to propose a new law in the coming months on taxing tobacco in the bloc to include new products such as electronic cigarettes – vapes – which are not covered under existing legislation. The initiative, led by the Netherlands, has the support of Croatia, the …

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US, UK take aim at illicit gold trade in sanctions action

LONDON/WASHINGTON (Reuters) -The United States and Britain on Monday announced a new wave of sanctions targeting what it said was the illicit gold trade, which the United Kingdom said was financing Russian President Vladimir Putin’s war efforts in Ukraine and fuelling corruption. The UK government froze the assets of four individuals it said were involved …

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US Supreme Court avoids Hawaii legal fight over gun rights

By Andrew Chung (Reuters) -The U.S. Supreme Court rejected on Monday a Hawaii man’s bid to throw out criminal charges for carrying a pistol while hiking, as the justices declined to review a ruling by the liberal-leaning state’s top court that denounced an expansion of gun rights by the nation’s highest judicial body. The man, …

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US Supreme Court rejects school gender-identity policy challenge

By Andrew Chung (Reuters) – The U.S. Supreme Court, turning away another case involving transgender issues, declined on Monday to hear a bid to revive a lawsuit against a public school district in Wisconsin over a policy to support gender identity of students that some parents challenged on religious rights and other grounds. The Supreme …

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Swiss prosecutors seek $156 million from Trafigura in corruption trial

By Emma Farge GENEVA (Reuters) -Swiss prosecutors are seeking a total of over $156 million in penalties and compensation from Trafigura and a four-year jail sentence for former Chief Operating Officer Mike Wainwright at an ongoing corruption trial in Switzerland, a spokesperson for the Attorney General’s Office said on Monday. The case is the first …

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US Supreme Court rejects Boston case over race in school admissions

By Nate Raymond (Reuters) -The U.S. Supreme Court declined on Monday a chance to further restrict efforts to promote racial diversity in education, turning away a case over whether criteria that had been used to decide admissions to elite public high schools in Boston discriminated against white and Asian students. The justices decided not to …

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Bank of England will be vigilant towards greater risk-taking, Ramsden says

LONDON (Reuters) -The Bank of England will be vigilant over the possibility that investors will take greater risks after a year of relative stability in markets, Deputy Governor Dave Ramsden said on Monday. Ramsden, who is head of markets at the BoE and in charge of its balance sheet, said there had been no major …

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