Author: Reuters

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Elliott takes multibillion pound stake in GSK, FT says

Elliott takes multibillion pound stake in GSK, FT says

Elliott takes multibillion pound stake in GSK, FT says By Reuters Staff 1 Min Read FILE PHOTO: Company logo of pharmaceutical company GlaxoSmithKline is seen at their Stevenage facility, Britain October 26, 2020. REUTERS/Matthew Childs//File Photo LONDON (Reuters) – Activist hedge fund Elliott Management has taken a multi-billion pound stake in British pharmaceutical firm GlaxoSmithKline,...

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Exclusive: Biden to bar U.S. banks from issuing Russian sovereign debt

Exclusive: Biden to bar U.S. banks from issuing Russian sovereign debt

Exclusive: Biden to bar U.S. banks from issuing Russian sovereign debt By Arshad Mohammed 5 Min Read (Reuters) – President Joe Biden will issue an executive order on Thursday authorizing the U.S. government to sanction any sector of the Russian economy and will use it to restrict Russia’s ability to issue sovereign debt to punish...

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Futures rise on solid corporate results, jobless claims data awaited

Futures rise on solid corporate results, jobless claims data awaited

Futures rise on solid corporate results, jobless claims data awaited By Shivani Kumaresan, Shreyashi Sanyal 2 Min Read (Reuters) – U.S. stock index futures rose on Thursday ahead of weekly jobless claims and retail sales data as positive earnings reports from companies including Bank of America and BlackRock bolstered hopes of a rebound in profit...

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Snacks demand fuels Pepsico's quarterly revenue beat

Snacks demand fuels Pepsico's quarterly revenue beat

Snacks demand fuels Pepsico's quarterly revenue beat By Reuters Staff 2 Min Read FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad, California, U.S., April 22, 2017. REUTERS/Mike Blake (Reuters) -PepsiCo Inc said on Thursday it expects organic revenue growth to pick up pace in the second quarter, betting on...

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BlackRock quarterly profit jumps as assets rise over $9 trillion

BlackRock quarterly profit jumps as assets rise over $9 trillion

BlackRock quarterly profit jumps as assets rise over $9 trillion By Reuters Staff 1 Min Read FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) – BlackRock Inc, the world’s largest asset manager, reported a 16% jump in first-quarter profit on Thursday...

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Bank of America profit more than doubles on reserve release boost

Bank of America profit more than doubles on reserve release boost

Bank of America profit more than doubles on reserve release boost By Reuters Staff 2 Min Read FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo (Reuters) – Bank of America Corp reported a jump in first-quarter profit...

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JPMorgan shoots for green finance stratosphere as ESG target tops peer plans

JPMorgan shoots for green finance stratosphere as ESG target tops peer plans

JPMorgan shoots for green finance stratosphere as ESG target tops peer plans By Elizabeth Dilts Marshall 3 Min Read NEW YORK (Reuters) – JPMorgan Chase & Co aims to lend, invest and provide other financial services for up to $2.5 trillion of banking business to be done for companies and projects tackling climate change and...

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U.S. labor movement looks for path forward after Amazon defeat

U.S. labor movement looks for path forward after Amazon defeat

U.S. labor movement looks for path forward after Amazon defeat By Timothy Aeppel 6 Min Read (Reuters) – Regina McDowell was not surprised that workers overwhelmingly rejected a union at an Amazon.com Inc warehouse in Alabama last week. FILE PHOTO: Banners are placed at the Amazon facility as members of a congressional delegation arrive to...