TOKYO, Oct 21 (Reuters) – U.S. investment firm KKR (KKR.N), opens new tab has extended by 10 working days the first stage of its tender to take Japanese IT services firm Fuji Soft private, it said in a filing on Monday. The extension comes after Bain Capital made a rival …
Read More »Travel and lodging firm Viad to sell events unit for $535 million
NEW YORK, Oct 21 (Reuters) – Travel and lodging operator Viad Corp (VVI.N), opens new tab on Monday agreed to sell its events and conferences business GES to private equity firm Truelink Capital for $535 million, according to a statement seen by Reuters. The sale of GES would leave Viad …
Read More »What is the OceanGate Titan submersible and how does it work?
June 22 (Reuters) – The owner of the submersible that went missing during a tourist expedition to the Titanic’s wreckage said on Thursday it believed that the crew on board have “sadly been lost” after debris matching the missing sub was found on the ocean floor. Here are some facts …
Read More »San Francisco Chronicle writers hold lunch-hour picket to protest low wages
A group of approximately 40 writers from the San Francisco Chronicle picketed outside the newspaper headquarters in downtown San Francisco during their lunch hour Tuesday afternoon. The workers, under the San Fransisco Chronicle Guild (SFCG) union, have been engaged in contract negotiations for nearly two years with Hearst Communications, the …
Read More »UK’s Royal Mail CEO Thompson to step down after union clash
May 12 (Reuters) – Royal Mail’s CEO Simon Thompson plans to step down later this year, saying it was the “right time” for the company to move forward under new leadership, as the British postal group tries to draw a line under a lengthy pay dispute. Parent company International Distributions …
Read More »Royal Mail CEO exit could come this week – Sky News
May 8 (Reuters) – Royal Mail’s parent (IDSI.L) could announce the UK postal services firm’s CEO Simon Thompson’s exit as soon as this week, Sky News reported on Monday. The report said the exit plan could be delayed beyond this week but an announcement will be made before annual results …
Read More »US Fed to balance banking woes, inflation in next rate decision
WASHINGTON U.S. central bankers face an unenviable task when they gather in Washington this week: Tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank’s rapid collapse. class=’cf’> The Federal Reserve has raised rates eight times since last year in the face of decades-high inflation as it …
Read More »Wall Street bonuses to plunge 22% this year – NY state comptroller
NEW YORK, Oct 25 (Reuters) – Wall Street bonuses in 2022 are expected to fall 22% or more from last year’s bumper payouts, according to a report from New York State Comptroller Thomas DiNapoli, as tough economic conditions choked off demand for deals. Inflation, the war in Ukraine and rising …
Read More »Giant pumpkin wins California contest and sets US record
A horticulture teacher has set a new US record for the heaviest pumpkin after raising a giant gourd weighing 2,560lbs. Travis Gienger, from Anoka, Minnesota, set the new record and won an annual pumpkin-weighing contest in northern California. “Minnesota has a great mid-year, but our spring in our parts is …
Read More »European shares slide as recession fears grip global markets
Register now for FREE unlimited access to Reuters.com Register IMF, World Bank expect global slowdown STOXX 600 set to fall 2.4% for the week Logistics firms dragged by FedEx warning Sept 16 (Reuters) – European shares slid 1.2% on Friday as recession warnings from two major global financial institutions and …
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