Business

Blue Owl drops again as investor worries after asset sale, debt fund changes

Friday, February 20 by SRN News

By Pritam Biswas and Arasu Kannagi Basil Feb 20 (Reuters) - Blue Owl Capital shares fell more than 5% in early trading on Friday, extending a sharp selloff after the alternative asset manager's plan to return capital from a debt fund rattled investors and pressured... Read More.

Nearly 3.4 million pounds of recalled Trader Joe’s chicken fried rice products may contain glass

Friday, February 20 by SRN News

PORTLAND, Ore. (AP) - A Portland, Oregon, company is recalling nearly 3.4 million pounds of frozen chicken fried rice products sold at Trader Joe's stores and in Canada because they may contain pieces of glass, U.S. Agriculture Department officials reported. Ajinomoto Foods North America... Read More.

US economy grows at 1.4% rate in the fourth quarter, slowed by the government shutdown

Friday, February 20 by SRN News

WASHINGTON (AP) - U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. The nation's gross domestic product - the output of goods and services -... Read More.

Futures drop after U.S. GDP, inflation data

Friday, February 20 by SRN News

Feb 20 (Reuters) - U.S. stock index futures dipped on Friday after data showed U.S. economic growth slowed more than expected in the fourth quarter, while inflation rose more than economists' estimates in December. The Commerce Department's report showed U.S. GDP increased at a... Read More.

Inflation rose more quickly than expected in December

Friday, February 20 by SRN News

WASHINGTON (AP) - A key inflation gauge accelerated in December to the fastest pace in nearly a year, showing how prices are still rising more quickly than most Americans would prefer - and faster than the Federal Reserve's target of 2% a year. Prices rose... Read More.

Toymaker Funko pushed by investor Pleasant Lake to explore strategic options

Friday, February 20 by SRN News

Feb 20 (Reuters) - Pleasant Lake Partners disclosed a roughly 10% stake in toymaker Funko and said the company should consider strategic alternatives, including the possibility of a sale, according to a regulatory filing from Thursday. The New York-based hedge fund said it will engage... Read More.

Nurses and New York hospital system reach a tentative deal to end the city’s largest nursing strike

Friday, February 20 by SRN News

NEW YORK (AP) - New York City's largest nursing strike in decades is poised to end after more than 4,000 nurses seeking better staffing and job security at NewYork-Presbyterian reached a tentative contract agreement with management early Friday. The New York State Nurses Association said... Read More.

US economy grows at 1.4% rate in the fourth quarter, slower than expected

Friday, February 20 by SRN News

WASHINGTON (AP) - U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. The nation's gross domestic product - the output of goods and services -... Read More.

German leader to make his 1st visit to China next week as country seeks ‘right balance’ in ties

Friday, February 20 by SRN News

BERLIN (AP) - German Chancellor Friedrich Merz will make his first visit to China next week since taking the helm of Europe's biggest economy, as he tries to position the country to a world in which assertive great powers play an increasingly dominant role. Merz... Read More.

EU should be ready to enact Mercosur deal despite resistance, trade chief says

Friday, February 20 by SRN News

By Philip Blenkinsop NICOSIA, Feb 20 (Reuters) - The European Union should be ready to put into force its contentious free trade agreement with South America's Mercosur bloc in the coming months despite opposition from France and a legal challenge, EU trade chief Maros Sefcovic... Read More.

Current Weather

Blue Owl drops again as investor worries after asset sale, debt fund changes

Nearly 3.4 million pounds of recalled Trader Joe’s chicken fried rice products may contain glass

US economy grows at 1.4% rate in the fourth quarter, slowed by the government shutdown

Futures drop after U.S. GDP, inflation data

Inflation rose more quickly than expected in December

Toymaker Funko pushed by investor Pleasant Lake to explore strategic options

Nurses and New York hospital system reach a tentative deal to end the city’s largest nursing strike

US economy grows at 1.4% rate in the fourth quarter, slower than expected

German leader to make his 1st visit to China next week as country seeks ‘right balance’ in ties

EU should be ready to enact Mercosur deal despite resistance, trade chief says

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