WASHINGTON (Reuters) – The Trump administration has instructed agencies to work with “Department of Government Efficiency team leads” to identify targets for mass layoffs as part of restructuring plans due on March 13, a memo showed on Wednesday. The memo, published by the federal human resources agency known as the Office of Personnel Management and…
By Nate Raymond BOSTON (Reuters) – The founder of a cryptocurrency financial services firm has been extradited from Portugal to face U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies. Aleksei Andriunin, the CEO of cryptocurrency “market maker” Gotbit, was ordered detained following…
By Milana Vinn (Reuters) – Private equity firm Bain Capital is weighing options, including a sale, for Rocket Software that could value the U.S. automation software provider at as much as $10 billion, including debt, people familiar with the matter said. Bain’s deliberations come as the artificial intelligence boom is forcing large corporations to increase…
(Reuters) – U.S. President Donald Trump said on Wednesday that his administration will soon announce a 25% tariff on imports from the European Union. “We have made a decision, and we’ll be announcing it very soon, and it’ll be 25% generally speaking, and that’ll be on cars, and all of the things,” Trump told reporters…
(Reuters) – Warner Bros Discovery is shutting down three of its videogame development studios in a move aimed at boosting profitability for its gaming division amid a sluggish recovery in the market, a spokesperson for the company’s games unit said on Tuesday. The studios to be closed are Player First Games, Warner Bros. Games San…
By David Lawder, Andrea Shalal WASHINGTON (Reuters) -President Donald Trump opened yet another front on Tuesday in his assault on global trade norms, ordering a probe into potential new tariffs on copper imports to rebuild U.S. production of a metal critical to electric vehicles, military hardware, the power grid and consumer goods. Trump, looking to…
(Reuters) -Electric-vehicle maker Lucid Group said on Tuesday its Chief Executive Officer Peter Rawlinson will step down from the role, and forecast that vehicle production will more than double this year, sending the company’s shares up 11% in extended trading. The company’s operating chief, Marc Winterhoff, will take the position of interim CEO. “Now that…
(Reuters) – McDonald’s said on Tuesday it would not impose any surcharges when serving eggs as part of its meals and will also launch $1 McMuffins on its app, in a move to attract consumers in the United States. “Unlike others making news recently, you definitely WON’T see McDonald’s USA issuing surcharges on eggs, which…
By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) – The American Petroleum Institute trade group on Monday pressed for a nationwide policy on higher-ethanol blends of gasoline after the President Donald Trump’s administration said on Friday it would move ahead with expanded sales of the product in certain Midwestern states. The U.S. Environmental Protection…
By David Lawder WASHINGTON (Reuters) – The U.S. Trade Representative’s office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China’s growing domination of the global shipbuilding, maritime and logistics sectors. USTR said in a January 16 report on a probe launched during the administration…
