HONG KONG (Reuters) - Evergrande liquidators said the company, SJ and Tianji filed documents with a U.S. Court on Friday to withdraw Chapter 15 bankruptcy protection applications, the Chinese property company said in a filing to the Hong Kong Stock Exchange. Evergrande liquidators said they will make new applications under Chapter 15 of Title 11...
By Uditha Jayasinghe COLOMBO (Reuters) - McDonald\'s (NYSE:MCD) has ended an agreement with its local partner in Sri Lanka and all 12 outlets in the country have been closed, an attorney for the U.S. company said on Sunday. \"The parent company decided to terminate the agreement with the franchisee due to standard issues,\" said Sanath Wijewardane,...
(This March 22 story has been refiled to change SABIC to side air bag inflatable curtain in paragraph 4) (Reuters) - Chrysler is recalling nearly 286,000 vehicles in the United States over a manufacturing defect that might cause the side curtain airbag inflators to rupture, the National Highway Traffic Safety Administration (NHTSA) said on Friday....
IT Services providers have been experiencing low demand amid macroeconomic uncertainty, with not many stocks in the sector offering near-term upside to consensus figures. Against this backdrop, analysts at Guggenheim shared in a note this week a list of the Best IT Services stocks to own for 2024. They noted that the soft near-term demand...
LONDON (Reuters) - Prime Minister Rishi Sunak will set out plans to boost Britain\'s nuclear workforce on Monday, as increased submarine building and the growing needs of the nuclear energy industry are forecast to create 40,000 new jobs by 2030. The government will partner with defence companies BAE Systems (LON:BAES), Rolls-Royce (OTC:RYCEY) and Babcock plus...
(Reuters) - Australia\'s ANZ Group said on Monday it had agreed to settle a class action suit related to interest charged on personal credit cards for A$57.5 million ($37.44 million). The settlement is without admission of liability and remains subject to court approval, ANZ said in a statement. The class action was brought against the...
-- U.S. stock index futures moved little in evening deals on Sunday, as a recent rally on Wall Street cooled in anticipation of more cues on inflation and the Federal Reserve later this week. S&P 500 Futures steadied at 5,291.50 points, while Nasdaq 100 Futures were flat at 18,572.75 points by 19:29 ET (23:29 GMT)....
By Simon Jessop LONDON (Reuters) - Diversity focused venture capital investor Impact X Capital Partners said on Monday it was looking to raise 100 million pounds ($126 million) for its second fund and already has backing from investors including Bank of America. The firm, an early backer of fast-growing insurance technology company Marshmallow, said it...
-- Most Asian stocks moved in a flat-to-low range on Monday as sentiment remained on edge before key economic readings this week, with Japan’s Nikkei 225 retreating from record highs. Regional markets took a middling lead-in from Wall Street, as U.S. stock indexes closed a shade lower on Friday. US stock futures also tread water...
Micron Technology Inc. (NASDAQ:MU) CEO and President Sanjay Mehrotra has sold a significant portion of his company stock, according to recent filings. On March 19 and 21, Mehrotra engaged in multiple transactions involving the sale and acquisition of the company\'s common stock. The sales, conducted automatically under a prearranged trading plan, resulted in the disposal...