Author Archives: Syndicated Content
BofA sees four rate cuts from Fed next year
(Reuters) - BofA Global Research said on Monday that it expects the U.S. Federal Reserve to deliver four 25-basis point (bps) rate cuts next year, starting in March. The brokerage raised its quantum o...
Dec 18, 2023
Ukraine’s army chief says situation at front line is not a stalemate
(Reuters) - Ukraine's army chief said on Monday the situation on the front line of the war against Russian forces had not reached a stalemate. In comments published last month, General Valeriy Zaluzhn...
Dec 18, 2023
Vans owner VF Corp’s order fulfillment operations hit by cyber incident
(Reuters) - VF Corp said on Monday it was investigating "unauthorized" activity on its computer systems that disrupted some operations, including the ability of the Vans sneaker maker to fulfill globa...
Dec 18, 2023
Exclusive-AREX Capital urges Office Depot owner ODP to split off units-letter
By Svea Herbst-Bayliss NEW YORK (Reuters) - AREX Capital is urging office supply company ODP Corp. to separate its brick and mortar retail unit and sell its procurement platform Varis, according to a ...
Dec 18, 2023
Door maker Masonite to acquire PGT Innovations in $3 billion deal
(Reuters) - Door maker Masonite International said on Monday it will acquire PGT Innovations, a manufacturer and supplier of windows and doors, for $3 billion in a bid to expand its business. PGT shar...
Dec 18, 2023
Red Sea attacks force rerouting of vessels, disrupting supply chains
DUBAI (Reuters) - Mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea are disrupting maritime trade as leading global freight firms reroute around the Cape of Goo...
Dec 18, 2023
Shipping stocks extend rally as Red Sea traffic paused
MILAN (Reuters) -Shipping stocks kept rising across Europe on Monday after A.P. Moller-Maersk and other top freight firms paused journeys through the Suez Canal following attacks on vessels in the Red...
Dec 18, 2023
US FDA declines to approve Checkpoint Therapeutics’ skin cancer therapy
(Reuters) - Checkpoint Therapeutics said on Monday the U.S. Food and Drug Administration declined to approve its experimental therapy to treat a type of advanced skin cancer, citing issues related to ...
Dec 18, 2023
International schools in Spain shut after receiving bomb threats
MADRID (Reuters) - Several international schools in Spain were checked by police with sniffer dogs while others did not open on Monday after receiving emailed bomb threats which the Interior Ministry ...
Dec 18, 2023
Wyndham asks shareholders to reject Choice Hotels’ offer
(Reuters) - Budget hotel operator Wyndham Hotels & Resorts on Monday asked its shareholders to reject Choice Hotels takeover offer, citing regulatory review of up to 24 months and lower valuation. Las...
Dec 18, 2023
