US states sue Warburg-owned Mariner Finance, alleging predatory lending

NEW YORK, Aug 16 (Reuters) – A lender owned by private equity firm Warburg Pincus LLC was sued on Tuesday by several US states, and accused of charging cash-strapped borrowers hundreds of millions of dollars for “hidden” add-on products that they never agreed to buy. Mariner Finance, with more than 480 offices in 27 states, … Read more

SAS bridge financing keeps survival hopes airborne, shares climb

SAS Link’s Embraer E195 aircraft lands at Kastrup Airport, as pilots of Scandinavian Airlines go on strike, in Kastrup, Denmark July 4, 2022. TT News Agency/Johan Nilsson via REUTERS Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, Aug 15 (Reuters) – Scandinavian airline SAS (SAS.ST) kept its bid for survival aloft at the … Read more

Explainer: How could the new US corporate minimum tax affect companies?

Aug 12 (Reuters) – The main revenue source in the new US tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The US House of Representatives was scheduled to vote on Friday … Read more

Bayer welcomes ruling against BASF claim on seed businesses

The logo of Bayer AG is pictured at the facade of the historic headquarters of the German pharmaceutical and chemical maker in Leverkusen, Germany, April 27, 2020. REUTERS/Wolfgang Rattay/File Photo Register now for FREE unlimited access to Reuters.com Register BERLIN, Aug 12 (Reuters) – Bayer (BAYGn.DE) on Friday welcomed a decision by an arbitration court … Read more

Robinhood must face US market manipulation claims over ‘meme stock’ rally, judge rules

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, US, July 29, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) must face market manipulation claims over … Read more

US FTC considers crackdown on how companies collect consumer information

WASHINGTON, Aug 11 (Reuters) – The US Federal Trade Commission (FTC) on Thursday said it was considering adopting new rules to prohibit harmful commercial surveillance and lax data security, saying American consumers are often unknowingly giving up personal information ranging from their menstrual cycles to how they pray. FTC Chair Lina Khan said “firms now … Read more

EXCLUSIVE Mexico’s Pemex in talks with Vitol, eyes resuming business after bribery scandal

The Pemex logo is seen at its headquarters in Mexico City, Mexico April 20, 2020. REUTERS/Edgard Garrido/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Aug 10 (Reuters) – Petroleos Mexicanos (Pemex) has made progress in talks with global energy trader Vitol about resuming trading ties that broke down last year … Read more

Explainer: How could the new US corporate minimum tax affect companies?

A general view of the US Capitol after United States Vice President Kamala Harris, voted on the Senate floor to break the 50-50 tie to proceed to the Inflation Reduction Act on Capitol Hill in Washington, DC, US August 6, 2022. REUTERS/ Ken Cedeno Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug … Read more

Trump signals he will testify in New York probe into business practices

Former US President Donald Trump arrives at Trump Tower the day after FBI agents raided his Mar-a-Lago Palm Beach home, in New York City, US, August 9, 2022. REUTERS/David ‘Dee’ Delgado Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Former US President Donald Trump indicated he would testify on Wednesday … Read more

US accuses Chinese company of helping ZTE hide business with Iran

A sign of ZTE is seen at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 9 (Reuters) – The US Commerce Department on Tuesday accused Far East Cable, China’s largest wire and cable manufacturer, … Read more