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September 8, 2021 By Christoph Steitz FRANKFURT (Reuters) – Activist fund ENKRAFT has taken a stake in RWE and is calling for a separation of the company’s brown coal activities to remove the burden of a legacy business that has weighed on the value of shares in Germany’s largest power producer. ENKRAFT, which has a […]

September 8, 2021 By Laura Sanicola NEW YORK (Reuters) – Oil rose more than 1% on Wednesday as U.S. Gulf of Mexico producers made slow progress in restoring output after Hurricane Ida. Brent was up 89 cents, or 1.2%, at $72.58 a barrel at 2:02 p.m. EDT (1802 GMT), and U.S. West Texas Intermediate (WTI) […]

September 8, 2021 By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The U.S. economy “downshifted slightly” in August as the renewed surge of the coronavirus hit dining, travel and tourism, the Federal Reserve reported Wednesday, but the economy overall remained in the throes of a post-pandemic rush of rising prices, labor shortages and stilted hiring. […]

September 8, 2021 By David Shepardson WASHINGTON (Reuters) – Amazon.com Inc told U.S. regulators on Wednesday that Elon Musk does not believe government regulations apply to the billionaire who heads Tesla Inc and SpaceX as the companies spar over rival satellite-based internet plans. In a harshly worded filing with the Federal Communications Commission, Amazon accused […]

September 8, 2021 By Noel Randewich (Reuters) – Wall Street receded from record high levels on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy’s recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies. Apple and Facebook both fell more than 1% after helping push […]

September 8, 2021 (This Sept. 7 story corrects to say ‘picket’, not ‘strike’, in headline) (Reuters) – The labor union representing American Airlines pilots said it will begin informational picketing in coming weeks at the carrier’s major hubs to protest their work schedule, fatigue, and lack of adequate accommodation over the summer. The Allied Pilots […]

September 8, 2021 (Reuters) -U.S. lock maker Spectrum Brands Holdings Inc said on Wednesday it would sell its hardware and home improvement division to Swedish rival Assa Abloy for $4.3 billion in cash. Shares in Spectrum rose 18% after the company said it would use the proceeds to reduce debt and make complementary acquisitions. The […]

September 8, 2021 (Reuters) – Foreign countries greeted the makeup of the new government in Afghanistan with caution and dismay on Wednesday after the Taliban appointed hardline veteran figures to top positions, including several with a U.S. bounty on their head. As the newly appointed ministers and their deputies set to work after they were […]

September 8, 2021 NEW YORK (Reuters) -British teenager Emma Raducanu produced yet another exquisite performance to become the first qualifier to reach the U.S. Open semi-finals on Wednesday, defeating Olympic champion Belinda Bencic 6-3 6-4 on Arthur Ashe Stadium. Down an early break, the Briton recovered swiftly to win four straight games to close out […]

September 8, 2021 Marcus Semien continued his home run binge with a solo shot, Alejandro Kirk homered twice and the visiting Toronto Blue Jays extended their winning streak to six games Tuesday with a 5-1 victory over the New York Yankees, who lost ace Gerrit Cole to a hamstring injury. The Blue Jays won for […]

September 8, 2021 By Amlan Chakraborty NEW DELHI (Reuters) – India picked off-spinner Ravichandran Ashwin in their 15-man squad for this year’s Twenty20 World Cup and named Mahendra Singh Dhoni, who led them to the 2007 title, as the team mentor on Wednesday. Ashwin last played a Twenty20 International four years ago but was one […]

September 8, 2021 DOHA (Reuters) – FIFA president Gianni Infantino on Wednesday questioned the international match calendar, saying that there were too many meaningless games and that such a structure was unsustainable for the health of players and the global game. Speaking in Doha, where FIFA is conducting a part of its feasibility study into […]

September 8, 2021 By Sabrina Valle and Arpan Varghese HOUSTON (Reuters) -Hurricane Ida’s damage to U.S. offshore energy production makes it one of the most costly since back-to-back storms in 2005 cut output for months, according to the latest data and historical records. Ida’s 150 mile-per-hour (240 kph) winds cut most offshore oil and gas […]

David Friend Contributor Share on Twitter David Friend is a serial entrepreneur, six-time founder, and the current co-founder and CEO of cloud storage company, Wasabi Technologies. More posts by this contributor Brand power vs. product power The herd sours on unprofitable unicorns again The U.S. produces more new startups and unicorns each year than any […]

September 8, 2021 Marcus Semien continued his home run binge with a solo shot, Alejandro Kirk homered twice and the visiting Toronto Blue Jays extended their winning streak to six games Tuesday with a 5-1 victory over the New York Yankees, who lost ace Gerrit Cole to a hamstring injury. The Blue Jays won for […]

September 8, 2021 CAIRO (Reuters) – Clubs from Guinea will not be allowed to play at home in African club competition matches over the next fortnight following the coup that ousted President Alpha Conde on Sunday, the Confederation of African Football (CAF) said on Wednesday. Instead, their two-legged ties in the first round of both […]

September 8, 2021 By David Milliken and William Schomberg LONDON (Reuters) – Bank of England policymakers were split evenly last month between those who felt the minimum conditions for considering an interest rate hike had been met and those who thought the recovery was not strong enough, Governor Andrew Bailey said. Bailey said he was […]

September 8, 2021 (Reuters) – If the U.S. economy continues to improve, it may be appropriate for the Federal Reserve to start reducing the pace of its asset purchases later this year, New York Fed Bank President John Williams said on Wednesday. “Assuming the economy continues to improve as I anticipate, it could be appropriate […]

September 8, 2021 By Lucia Mutikani WASHINGTON (Reuters) -U.S. job openings raced to a new record high in July while layoffs rose moderately, suggesting last month’s sharp slowdown in hiring was due to employers being unable to find workers rather than weak demand for labor. The Labor Department’s monthly Job Openings and Labor Turnover Survey, […]

September 8, 2021 WASHINGTON (Reuters) – The U.S. Federal Trade Commission will hold its next open meeting on Sept. 15 to hear staff findings on deals that Big Tech firms like Facebook and Apple make which are sometimes too small to spark antitrust scrutiny, the agency said on Wednesday. The agency began holding open meetings […]