Hedge fund Sachem Head Capital Management is in advanced talks to drop a board challenge against US Foods Holding Corp in exchange for three seats on the food distributor's board of directors and the replacement of Chief Executive Officer Pietro Satriano, people familiar with the matter said on Monday.
U.S. Treasury Secretary Janet Yellen said on Monday that the U.S. financial system was functioning in an "orderly manner" despite recent market volatility, and valuations of some assets remain high compared to historical values.
German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters.
(Reuters) -British supermarket group Morrisons has won a battle against the owners of rival Asda to buy collapsed convenience store chain McColl's.
(Reuters) -Short-seller Hindenburg Research warned on Monday that Elon Musk's $44-billion offer to take Twitter Inc private could get repriced lower if the Silicon Valley billionaire walked away from the deal.
SHANGHAI (Reuters) -Aptiv stopped shipping over the weekend some parts from a Shanghai plant that supplies Tesla Inc and General Motors Co after COVID-19 infections were found among its workers, two people familiar with the matter said on Monday.
Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks.
China receives US equipment to make advanced chips despite new rules - report
China receives US equipment to make advanced chips despite new rules-report
U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
Google's expert in US antitrust trial defends billions paid to device makers
Post-strike Hollywood rushes to get film, TV sets humming
