Business

KKR to plough $300 million into private credit fund as losses mount

Monday, May 11 by SRN News

May 11 (Reuters) - KKR will inject $300 million into struggling private credit fund FS KKR Capital, the fund said on Monday as it reported growing losses and a sharp drop in net asset value. Traded funds like FSK, which KKR manages alongside Future Standard,... Read More.

Trading Day: AI beats Iran impasse

Monday, May 11 by SRN News

By Jamie McGeever ORLANDO, Florida, May 11 (Reuters) - U.S. and world stocks touched new highs on Monday, as artificial intelligence fever continued to outweigh the prolonged U.S.-Iran impasse. The ceasefire is fragile and hopes of a lasting deal appear to be fading, but for... Read More.

Victoria’s Secret says why Blundy was denied seat, director leaving board

Monday, May 11 by SRN News

By Svea Herbst-Bayliss NEW YORK, May 11 (Reuters) - Victoria's Secret said on Monday why it blocked Australian billionaire Brett Blundy from becoming a director and that one board member will not stand for re-election because of Blundy's pressure campaign, according to a new regulatory... Read More.

US home sales flat in April as lackluster spring homebuying season lurches forward

Monday, May 11 by SRN News

Sales of previously occupied U.S. homes were essentially flat in April, another lackluster showing for the housing market during what's traditionally its busiest time of the year. Existing home sales edged up 0.2% last month from March to a seasonally adjusted annual rate of 4.02... Read More.

Sony Music Publishing to buy Recognition Music catalog; source says deal for $4 billion

Monday, May 11 by SRN News

May 11 (Reuters) - Sony Music Publishing said on Monday it would buy Recognition Music Group's entire catalog of works from funds managed by Blackstone, gaining access to more than 45,000 songs including those from Beyonce, Fleetwood Mac and Rihanna. Financial terms of the... Read More.

Embraer aims to sell C-390 military plane to Colombia, Chile, CEO says

Monday, May 11 by SRN News

By Gabriel Araujo SAO PAULO, May 11 (Reuters) - Brazilian planemaker Embraer is in talks with Colombia and Chile for potential orders of its C-390 military transport aircraft, as it steps up output to meet growing international interest, CEO Francisco Gomes Neto told Reuters. Brazil is... Read More.

Starbucks to cut 61 technology jobs in Seattle

Monday, May 11 by SRN News

May 11 (Reuters) - Starbucks will lay off 61 corporate workers in its technology division at its Seattle headquarters, the company disclosed in a WARN filing on Monday. The coffee giant, under CEO Brian Niccol, has been executing a turnaround strategy, focused on improving metrics... Read More.

Trump says he’ll move to suspend federal gasoline tax. He can’t do it on his own

Monday, May 11 by SRN News

WASHINGTON (AP) - President Donald Trump said Monday he will move to suspend the federal tax on gasoline to help Americans shoulder surging fuel prices caused by the Iran war. The president cannot suspend the federal tax on his own. Congress would have to... Read More.

Trump to sign orders to boost beef imports, rebuild cattle herd, White House says

Monday, May 11 by SRN News

CHICAGO, May 11 (Reuters) - U.S. President Donald Trump is set to sign executive orders on Monday to allow increased beef imports into the U.S. and to support renewal of the U.S. cattle herd in an effort to address high beef prices, a White... Read More.

Businesses are facing rising costs during the Iran war, and economists expect more strains ahead

Monday, May 11 by SRN News

NEW YORK (AP) - Costs are piling up for businesses during the U.S. and Israel's war against Iran - and many economists see a bleak outlook, with some bracing for a downturn in hiring and investment in the coming months. Nearly half of American business... Read More.

Current Weather

KKR to plough $300 million into private credit fund as losses mount

Trading Day: AI beats Iran impasse

Victoria’s Secret says why Blundy was denied seat, director leaving board

US home sales flat in April as lackluster spring homebuying season lurches forward

Sony Music Publishing to buy Recognition Music catalog; source says deal for $4 billion

Embraer aims to sell C-390 military plane to Colombia, Chile, CEO says

Starbucks to cut 61 technology jobs in Seattle

Trump says he’ll move to suspend federal gasoline tax. He can’t do it on his own

Trump to sign orders to boost beef imports, rebuild cattle herd, White House says

Businesses are facing rising costs during the Iran war, and economists expect more strains ahead

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