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Cannae, Senator hire D.F. King as solicitor in bid for CoreLogic

BOSTON (Reuters) – Cannae Holdings and Senator Investment Group, which are trying to buy property data and analytics company CoreLogic Inc, have hired a proxy solicitor, a source familiar with the matter said on Thursday. A proxy solicitor polls large sharehol... More »

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U.S. stock funds see first inflow in four weeks: Lipper

(Reuters) – U.S. equity funds in the week ended on Wednesday drew $609 million, the first inflow in four weeks, according to Lipper. U.S. taxable bond funds attracted $12.6 billion, the 13th straight weekly inflow, while money market funds saw $4.7 billion com... More »

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Dancing robots replace fans at Japanese baseball game

TOKYO (Reuters) – With their stadium devoid of fans due to coronavirus restrictions, Japanese baseball team Fukuoka SoftBank Hawks have come up with an imaginative replacement: dancing robots. Before their most recent Nippon Professional Baseball (NPB) game ag... More »

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CoreLogic rejects $7 billion takeover bid from investment firms

(Reuters) – Property data and analytics company CoreLogic rejected an unsolicited $7 billion takeover offer from two investment firms on Tuesday, saying it expected to earn more this year and would buy back more of its stock. A consortium of Cannae Holdings In... More »

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EU sees deeper recession, less steep rebound for euro zone

BRUSSELS (Reuters) – The euro zone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European Commission forecast on Tuesday, with France, Italy and Spain struggling the most due to the COVID-19 pan... More »

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Italian film composer Ennio Morricone dies aged 91

ROME (Reuters) – Ennio Morricone, the Italian composer whose haunting scores to Spaghetti Westerns like “A Fistful of Dollars” and “The Good, the Bad and the Ugly” helped define a cinematic era, has died, his lawyer said on Monday. He was 91. Morricone had bro... More »

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Make a vaccine? I’m trying to teach my kids the alphabet

LONDON/BERLIN/MILAN (Reuters) – It’s tough to do any useful work when you’re stuck at home, struggling to home-school bickering kids, let alone when you’re trying to produce a COVID-19 vaccine. British drugmaker AstraZeneca (AZN.L) had spent years preparing fo... More »

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Ford’s China ventures extend auto sales recovery in June

BEIJING (Reuters) – Ford Motor’s (F.N) China ventures reported year-on-year sales growth for June as the world’s biggest auto market continues to recover from coronavirus-induced lows. The U.S. automaker’s Chongqing-based venture with Changan (000625.SZ) said ... More »

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NHL, union reach tentative agreement on plan to resume season

(Reuters) – The National Hockey League and union representing its players have reached a tentative agreement on protocols to resume a season interrupted by the COVID-19 pandemic, NHL Deputy Commissioner Bill Daly said on Sunday. Daly told Reuters the two sides... More »

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DeChambeau muscles his way to three-shot victory in Detroit

(Reuters) – A bulked-up Bryson DeChambeau, who has been knocking on the door since the PGA Tour’s return from a COVID-19 hiatus, finally blew it open as he cruised to victory at the Rocket Mortgage Classic in Detroit on Sunday. World number 10 DeChambeau, who ... More »

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What would Kanye West have to do to launch a late White House bid?

WASHINGTON (Reuters) – If Kanye West is serious about running for president, the American rapper and fashion designer will face major obstacles to mount a serious campaign less than four months before the Nov. 3 U.S. presidential election. West, who said in a ... More »

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Rocket Lab vehicle fails to reach orbit, loses payload of satellites

(Reuters) – A rocket from small-satellite launch firm Rocket Lab failed to reach orbit minutes after a successful liftoff from New Zealand on Saturday, the company said, losing its payload of seven small satellites it had intended to carry to space. “An issue ... More »

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Prehistoric ochre mining operation found in submerged Mexican caves

WASHINGTON (Reuters) – Researchers diving into dark submerged caves on Mexico’s Yucatan Peninsula have found evidence of an ambitious mining operation starting 12,000 years ago and lasting two millennia for red ochre, an earth mineral pigment prized by prehist... More »

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Canada’s biggest banks join boycott of Facebook platforms

TORONTO (Reuters) – Canada’s biggest lenders confirmed on Friday they had joined a widespread boycott of Facebook Inc (FB.O) begun by U.S. civil rights groups seeking to pressure the world’s largest social media platform to take concrete steps to block hate sp... More »

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U.S. Supreme Court blocks Alabama order easing voting restrictions

(Reuters) – The U.S. Supreme Court on Thursday blocked a lower-court ruling that would have relaxed voting restrictions in Alabama state during the coronavirus pandemic. Alabama requires voters to submit a photo identification when they apply for an absentee b... More »

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U.S. stock funds shed $4.6 billion in week: Lipper

(Reuters) – The final days of the best quarter for the benchmark S&P 500 since 1998 were not enough to keep investors from pulling $4.6 billion out of U.S.-based stock funds in the week that ended Wednesday, according to Lipper data released on Thursday. The S... More »

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Uffizi masterpieces show Black culture’s role in the Renaissance

ROME (Reuters) – Italy’s Uffizi gallery said on Thursday it was planning to pick out nine of its masterpieces for a project to highlight the part that Black people and culture played in the Renaissance. Under the “Black Presence” initiative, images of works in... More »

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EU banks to take on Visa, Mastercard with new payments system

LONDON/PARIS (Reuters) – Sixteen banks from Germany, France and three other euro zone countries on Thursday said a “truly European” payments system was expected to be up and running in 2022 to fully digitalise a region where half of all retail payments are sti... More »

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BOC Aviation cancels 30 Boeing 737 MAX but backs grounded jet

(Reuters) – Aircraft leasing company BOC Aviation (2588.HK) said on Tuesday it had cancelled an order for 30 Boeing (BA.N) 737 MAX planes although its chief executive remained confident in the jet which has been grounded for more than a year. The lessor, which... More »

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China passes national security law in turning point for Hong Kong

HONG KONG/BEIJING (Reuters) – China’s parliament passed national security legislation for Hong Kong on Tuesday, setting the stage for the most radical changes to the former British colony’s way of life since it returned to Chinese rule 23 years ago. Details of... More »

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S&P 500, Dow dip at open on virus fears, U.S.-China tensions

(Reuters) – The S&P 500 and Dow Jones indexes opened lower on Tuesday as coronavirus-related worries and simmering U.S.-China tensions weighed on sentiment at the end of what is expected to be the S&P 500’s best quarter since 1998. The Dow Jones Industrial Ave... More »

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Wall Street faces danger signs after best quarter since ’98

(Reuters) – A stock rebound marked by Wall Street’s strongest quarter in more than two decades has slowed in recent weeks, as a resurgence in coronavirus cases threatens to derail the economy’s recovery from a deep downturn. With the S&P 500 up 18% in the quar... More »

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Fed’s offered flood of credit so far just a trickle in practice

(Reuters) – The Federal Reserve’s promise in the early days of the coronavirus pandemic to flood the U.S. economy with trillions of dollars seemed like the proverbial central bank bazooka. It has been more of a trickle in practice, with activity outside the U.... More »

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U.S. FDA to release guidance on COVID-19 vaccine approval – WSJ

(Reuters) – The U.S. Food and Drug Administration plans to release guidance on Tuesday outlining its conditions for approving a vaccine for the coronavirus, the Wall Street Journal reported, citing a summary of the guidance. The agency would require drugmakers... More »

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Oil prices drop on prospect of returning Libyan supplies

LONDON (Reuters) – Oil prices slipped on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has been down to a trickle since the start of the year. The more-active September contract for Brent LCOc2 fell 37 cents, or 0.88%... More »

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Grim data keeps euro, sterling under pressure

LONDON (Reuters) – A fresh batch of grim economic data kept the euro and the pound under pressure on Tuesday as sentiment faltered amid fears new COVID-19 hot spots across the world might jeopardise the swift recovery from the pandemic investors are hoping for... More »

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European shares pick up, dollar gains before quarter-end

LONDON (Reuters) – European shares picked up on Tuesday after a weak start, extending the optimism of the Asian session, and oil prices steadied as investors looked for signs of an economic recovery in the second half of 2020. The MSCI world equity index, whic... More »

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Coming soon to a 3D printer near you: Plant-based steaks

TEL AVIV/ZURICH (Reuters) – Israeli start-up Redefine Meat plans to launch 3D printers to produce plant-based steaks mimicking real beef next year in a bid for a slice of the fast-growing alternative meat market. Meat substitutes are increasingly popular with ... More »

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Reddit bans ‘The_Donald’ forum amid broad social media crackdown

(Reuters) – Social media site Reddit on Monday shut down r/The_Donald, a forum which long served as a popular online home base for fans of President Donald Trump, saying it violated the site’s hate speech rules. Other sites also conducted high-profile sweeps: ... More »

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Black lives celebrated and mourned at emotional BET Awards

(Reuters) – Black power, suffering and the fight for justice took center stage at the BET awards on Sunday, the first Black celebrity event in the United States since nationwide mass protests broke out this month over systemic racism. The show, which celebrate... More »

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Broadway theaters to remain closed through early January 2021

(Reuters) – Broadway theaters will remain closed through Jan. 3, 2021, industry group the Broadway League said on Monday, extending their coronavirus-related shutdown for another four months. The New York City theaters, which went dark in mid-March, had previo... More »

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AMC delays reopening date by two weeks to July 30

(Reuters) – AMC Entertainment Holdings Inc said on Monday it has delayed the reopening of its theaters in the United States by two weeks to July 30. The world’s largest movie theater operator said that the date aligns with the release of Disney’s “Mulan” and C... More »

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It is rocket science: EU to speed up space ambitions, Breton says

PARIS (Reuters) – The European Union will plough more money into rocket launches, satellite communication and space exploration to preserve its often unsung successes in space and keep up with US and Chinese ambitions, its space chief said on Sunday. Over the ... More »

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Biodegradable grass fresco in Geneva marks U.N.’s 75th anniversary

GENEVA (Reuters) – A French artist has painted a large biodegradable fresco on the lawn of the United Nations’ European headquarters in Geneva, marking Friday’s 75th anniversary of its founding. Saype, who was born Guillaume Legros, created the “World In Progr... More »

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Bear-sized wombat cousin roamed Australia 25 million years ago

WASHINGTON (Reuters) – A powerfully built relative of modern wombats that was the size of a black bear roamed Australia’s woodlands about 25 million years ago, possessing shovel-shaped hands and strong forelimbs indicating it was an adept digger, scientists sa... More »

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Rainy day hastens sovereign wealth funds’ refocus to home

LONDON (Reuters) – Famed for snapping up glitzy real estate and stakes in troubled international banks during the global financial crisis, sovereign wealth funds are investing more at home, a trend set to accelerate in the wake of the economic carnage wrought ... More »

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Sosei, AbbVie sign drug discovery deal worth up to $1 bln

(Reuters) – Japan’s Sosei Group Corp will collaborate with AbbVie Inc on a drug discovery partnership that could be worth up to $1 billion. Sosei shares soared 12.4% in Tokyo trading, compared with a 1.2% slide in the broader market. The partnership will initi... More »

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Frigid dwarf planet Pluto may have started out its life as a hothead

(This June 22 story corrects Fahrenheit conversion of surface temperature in parapagrah 6) By Will Dunham WASHINGTON (Reuters) – Pluto, a frigid little world inhabiting the solar system’s outer reaches, may have been born as a warmer place sheltering a subsurf... More »

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How to control college costs in the age of COVID-19

NEW YORK (Reuters) – Tina Smets had long thought about getting a college degree, but that seemed impossible. As a mom of three kids, waitressing nights at a local restaurant in Kearney, Nebraska, the 31-year-old did not want to saddle her young family with ton... More »

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Japanese baseball fan enters empty stadium via robot

TOKYO (Reuters) – One lucky baseball fan was taken inside the otherwise empty Tokyo Dome for Yomiuri Giants’ win on Tuesday via a monitor mounted on a robot she controlled from home. Nippon Professional Baseball teams have begun their season without fans in st... More »

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Fund giant BlackRock ‘warming up’ to European assets

LONDON (Reuters) – BlackRock’s Investment Institute said on Tuesday it was “warming up” to European assets following what it called the eurozone’s “impressive” efforts to tackle the coronavirus. The research arm of the world’s biggest fund manager said two fac... More »

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London Stock Exchange’s Rathi to head UK financial watchdog

LONDON (Reuters) – Nikhil Rathi, head of the London Stock Exchange’s UK division, has been appointed chief executive of the Financial Conduct Authority (FCA), Britain’s finance ministry said on Monday. Rathi, a former finance ministry official, will play a key... More »

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Stock futures cling to hopes of recovery as virus cases rise

(Reuters) – U.S. stock index futures rose on Monday on hopes of stimulus-fueled economic recovery even though sentiment remained fragile amid growing evidence of a surge in the coronavirus infections. Trillions of dollars in monetary and fiscal support, the re... More »

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Global stocks shrug off fresh virus wave fears, dollar slips

LONDON (Reuters) – World stocks reversed earlier losses and the dollar slid on Monday as investors shrugged off worries that rising coronavirus infections in parts of Europe and the United States over the weekend could scupper a quick economic rebound. Torn be... More »

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White House adviser Kevin Hassett to leave this summer: Axios

(Reuters) – White House adviser Kevin Hassett will leave the administration of U.S. President Donald Trump this summer, Axios reported on Monday, citing two officials. Hassett had returned as an adviser earlier this year to help the Trump administration tackle... More »

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Oil steadies amid increase in coronavirus cases

LONDON (Reuters) – Oil prices were steady on Monday, supported by tighter supplies from major producers but held in check by concerns over a record rise in global coronavirus infections that could stall a recovery in fuel demand. Brent crude LCOc1 rose 5 cents... More »

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Chinese bomber approaches Taiwan in latest fly-by near island

TAIPEI (Reuters) – Chinese air force jets, including at least one bomber, briefly entered Taiwan’s air defence identification zone on Monday, before being warned off by its air force, the island’s military said, the eighth such encounter in two weeks. The enco... More »

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Film, pop stars line up for global COVID-19 fundraising gig

LONDON (Reuters) – International music and film stars will headline a globally televised and streamed fundraising concert on Saturday to help fight COVID-19 as part of a joint initiative by the advocacy group Global Citizen and the European Commission. The ini... More »

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Coronvirus pandemic has been exacerbated by politicisation: WHO

DUBAI (Reuters) – The global coronavirus pandemic has been exacerbated by polititicisation, the World Health Organization’s director general said on Monday. Tedros Adhanom Ghebreyesus was speaking at a virtual health forum organised by the World Government Sum... More »

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NASCAR to investigate after noose found in Bubba Wallace’s garage

(Reuters) – NASCAR has launched an investigation after a noose was found in a garage stall at Talladega belonging to Bubba Wallace, the only Black driver competing in its top Cup series. “Late this afternoon, NASCAR was made aware that a noose was found in the... More »

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UK says Reading knife attacker was acting alone

READING, England (Reuters) – The man who went on a stabbing spree in the British town of Reading was acting alone, interior minister Priti Patel said on Monday. “This is a tragic, tragic event,” Patel said. She did not comment on whether the arrested man was L... More »

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South Korea says Bolton’s memoir on Trump-Kim summit is distorted

SEOUL (Reuters) – Accounts by former U.S. National Security Adviser John Bolton of discussions between leaders of the United States and the two Koreas in his upcoming book are inaccurate and distorted, South Korea said on Monday. Bolton gives details in the bo... More »

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Lakers owner calls for unity against racism on Juneteenth

(Reuters) – LA Lakers owner Jeannie Buss said on Friday, the Juneteenth holiday, that she is no longer willing to ignore hate and called on white people to come together and acknowledge the racism that exists in the United States. Juneteenth commemorates the U... More »

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Simpson wins RBC Heritage at Harbour Town

(Reuters) – Webb Simpson birdied three of his final four holes to emerge with victory at the PGA Tour’s tightly-contested RBC Heritage in South Carolina on Sunday. The 34-year-old father of five made sure it was an extra special Father’s Day by recording his s... More »