By Arriana McLymore and Deborah Mary Sophia (Reuters) -Bed Bath & Beyond Inc on Tuesday reported a much wider-than-expected quarterly loss and sales that plunged by a third, failing to halt the months-long cash burn that led to warnings of a possible bankruptcy. The home goods seller has been struggling with a dwindling cash pile …
Bed Bath & Beyond posts loss, sales slump, as bankruptcy threat looms Read More »
By Jorge Garcia LA CONCHITA, Calif. (Reuters) – The latest Pacific storm unleashed torrential downpours and damaging winds in California on Tuesday, knocking out power and turning city streets into rivers as mudslides cut off highways and entire communities faced evacuation orders. More than 33 million Californians were threatened by severe weather throughout the day …
Storms bring mudslides, evacuations to California with more rain forecast Read More »
By Jarrett Renshaw and Dave Graham MEXICO CITY (Reuters) -The United States, Mexico and Canada on Tuesday vowed to tighten economic ties, producing more goods regionally and boosting semiconductor output, even as integration is hampered by an ongoing dispute over Mexico’s nationalist energy policies. U.S. President Joe Biden, Mexican President Andres Manuel Lopez Obrador and …
North America vows to strengthen economic ties, Mexico energy row rumbles on Read More »
By Milagro Vallecillos and Valentine Hilaire PANAMA CITY (Reuters) -Panama’s government on Tuesday doubled down on an order that Canada-based miner First Quantum Minerals halt operations at its local copper mine, saying the miner had been operating without a contract since 2017. Earlier, First Quantum said it would submit an appeal against Panama’s order by …
Panama says Canada’s First Quantum operating without contract Read More »
By Karen Freifeld NEW YORK (Reuters) -Allen Weisselberg, a longtime executive for Donald Trump and the star prosecution witness in the Trump Organization’s criminal trial, was sentenced on Tuesday to five months behind bars for helping engineer a wide-ranging tax fraud at the former president’s real estate company. Weisselberg, 75, was sent to New York’s …
Longtime Trump CFO Weisselberg gets 5 months in jail in tax fraud case Read More »
(This Jan. 9 story has been refiled to fix the spelling of “name” to “named” in paragraph 4) By Steve Holland and Kanishka Singh WASHINGTON (Reuters) – Classified documents from Joe Biden’s vice-presidential days were discovered in November by the U.S. president’s personal attorneys at a Washington think tank, a White House lawyer said on …
Classified documents from Biden’s vice presidency found at think tank Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended solidly higher on Tuesday, led by a 1% gain in the Nasdaq, on relief that Federal Reserve Chair Jerome Powell refrained in a speech from commenting on rate policy. In his first public appearance of the year, Powell said at a forum sponsored by the …
Wall St ends higher, Powell comments avoid rate policy Read More »
BENGALURU (Reuters) -Fast-moving consumer goods firm Adani Wilmar Ltd said on Tuesday its sales would grow in high single digits in the third quarter, helped by strong demand during the festive season and stronger out-of-home consumption. Standalone sales volume will grow in high teens, the company said in a regulatory filing. Price volatility in its …
India’s Adani Wilmar sees Q3 sales growth in high single digits Read More »
COPENHAGEN (Reuters) – Hackers have disrupted access to the websites of Denmark’s central bank and seven private banks in the country this week, according to the central bank and an IT firm that serves the industry. The websites of the central bank and Bankdata, a company that develops IT solutions for the financial industry, were …
Hackers hit websites of Danish central bank, other banks Read More »
By Foo Yun Chee BRUSSELS (Reuters) -TikTok Chief Executive Shou Zi Chew on a visit to Brussels on Tuesday sought to reassure the European Union the app would respect the bloc’s increasingly stringent tech rules and commitments to privacy and child safety. The short-video app, which is owned by Chinese technology conglomerate ByteDance, has for …
TikTok CEO seeks to reassure on EU rules on privacy, child safety Read More »
