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Trump vows to target electric vehicles in meeting with oil CEOS -report May 9, 2024 08:21AM

WASHINGTON (Reuters) - Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration's environmental rules and policies at a meeting with top U.S. oil executives, where he also asked them to raise $1 billion for his presidential campaign, the Washington Post reported on Thursday.

The Post, citing unidentified sources familiar with the meeting last month in Florida, said Trump promised to end President Joe Biden's... (continue reading...)


Exclusive-AREX Capital to mount board challenge against Enhabit, sources say May 9, 2024 08:18AM

By Svea Herbst-Bayliss

(Reuters) - Hedge fund AREX Capital Management is seeking seven board seats at Enhabit, arguing that new directors are needed to help reverse poor financial performance at the U.S. home health and hospice provider, people familiar with the matter said on Thursday.

AREX, which has been pushing Enhabit to put itself up for sale, privately nominated the seven candidates in March during the company's nominating window,... (continue reading...)


Nestle's Nescafe to invest $196 million in Brazil by 2026 to tap surging demand May 9, 2024 08:15AM

By Roberto Samora

SAO PAULO (Reuters) - Nestle plans to invest 1 billion reais ($196.5 million) in Brazil by 2026 to expand production capacity and out-of-home sales of its Nescafe lines, targeting younger consumers, executives told Reuters.

The company aims to consolidate the brand as a vehicle for higher value-added products that are rapidly growing in the country, according to the firm.

The Nescafe brand, which was first... (continue reading...)


Nigerian journalist detained over a week under cybercrime law, employer says May 9, 2024 08:14AM

ABUJA (Reuters) - A Nigerian investigative journalist has spent more than a week in police detention without being brought to court for allegedly violating the country's cybercrime laws, his employer said, in a case that has sparked criticism from media rights groups.

Under Nigerian law, suspects must be brought to court within 48 hours after arrest or be released.

Nigeria's Foundation for Investigative Journalism (FIJ) said its... (continue reading...)


Roblox cuts annual bookings forecast on muted player spending May 9, 2024 08:10AM

By Zaheer Kachwala

(Reuters) - Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation.

The company's shares fell 18% in premarket trading.

The lowered forecast marks the latest downbeat report from the gaming industry, which has laid off hundreds of employees and shut studios... (continue reading...)


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