Business

Senior Walmart executives depart amid reshuffling under new CEO

Friday, May 22 by SRN News

May 22 (Reuters) - Senior Walmart executives, including COO of warehouse chain Sam's Club, Tom Ward, and head of store operations for the retailer's U.S. business, Cedric Clark, are leaving, marking a major management reshuffle under CEO John Furner. Ward will retire from his... Read More.

Lantheus weighs potential $7 billion sale after Curium’s offer, Bloomberg News reports

Friday, May 22 by SRN News

May 22 (Reuters) - Lantheus Holdings is weighing a potential sale after getting a takeover offer from private-equity backed Curium Pharma that values it at about $7 billion, Bloomberg News reported on Friday, citing people familiar with the matter. The two companies have been in... Read More.

Leaks, demands and a phone call: how Estée Lauder’s Puig deal fell apart

Friday, May 22 by SRN News

By Andres Gonzalez and Abigail Summerville LONDON/NEW YORK, May 22 (Reuters) - U.S. cosmetics maker Estée Lauder and Spanish perfume group Puig had been finalising the details of a deal when talks fell apart late on Thursday, preventing a merger that would have created a... Read More.

SpaceX to allow early share resale before usual six‑month lock-up

Friday, May 22 by SRN News

By Echo Wang and Sabrina Valle May 22 (Reuters) - SpaceX plans to allow a large portion of its shares to become eligible for resale before the usual six‑month restriction period post-IPO, under a staged system conditioned to the company's performance, a company filing shows.... Read More.

Logistics giants urge EU to phase in low-value package duty rules

Friday, May 22 by SRN News

By Matthias Inverardi DUESSELDORF, May 22 (Reuters) - DHL, FedEx and UPS urged European Union finance ministers to phase in new duty rules on low-value packages on Friday, warning of supply chain bottlenecks and an impact on the availability of some medical supplies. The rules are... Read More.

IndyCar agrees to multiyear extension with NTT to remain as series’ title sponsor

Friday, May 22 by SRN News

INDIANAPOLIS (AP) - IndyCar officials have agreed to a multiyear contract extension that will keep NTT as the series' title sponsor. The announcement came Friday before the final scheduled practice for Sunday's sold-out Indianapolis 500. Financial details were not disclosed. NTT, a Japanese telecommunications company,... Read More.

Shein to buy apparel retailer Everlane

Friday, May 22 by SRN News

May 22 (Reuters) - U.S. apparel brand Everlane said on Friday it had reached an agreement to be acquired by online retailer Shein, giving the fast-fashion company ownership of a brand known for sustainability and supply-chain transparency. Everlane will remain independent, its CEO Alfred Chang... Read More.

America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways

Friday, May 22 by SRN News

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and that is impacting the decisions of... Read More.

Dow hits first intraday record high since February

Friday, May 22 by SRN News

May 22 (Reuters) - The Dow Jones Industrial Average hit an intraday record high on Friday, its first since the U.S.-Iran war began, as AI-driven trade and market optimism over negotiations to end the war lifted risk appetite. The blue-chip index rose 0.73% to 50,651... Read More.

Trafigura plans to withdraw LME copper stocks ahead of US tariff ruling, sources say

Friday, May 22 by SRN News

By Pratima Desai and Polina Devitt LONDON, May 22 (Reuters) - Commodity trader Trafigura plans to take large amounts of copper from London Metal Exchange warehouses in New Orleans, two industry sources said, citing a U.S. tariff decision due late in June as a possible... Read More.

Current Weather

Senior Walmart executives depart amid reshuffling under new CEO

Lantheus weighs potential $7 billion sale after Curium’s offer, Bloomberg News reports

Leaks, demands and a phone call: how Estée Lauder’s Puig deal fell apart

Logistics giants urge EU to phase in low-value package duty rules

Shein to buy apparel retailer Everlane

America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways

Dow hits first intraday record high since February

Trafigura plans to withdraw LME copper stocks ahead of US tariff ruling, sources say

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