- Federal Reserve officials signaled that they could raise interest rates at their next meeting despite a greater likelihood of a recession later this year.
- Hasbro Inc hired the finance chief of motorcycle maker Harley-Davidson Inc , Gina Goetter to lead its finances as it is working to cut hundreds of millions of dollars in costs.
- International Business Machines Corp is exploring a sale of its weather business, in a deal that could be valued at more than $1 billion.
- Maker of Purell hand sanitizer Gojo Industries is seeking
a buyer and has hired JPMorgan Chase & Co. to run an
auction.
- E-cigarette maker Juul Labs Inc agreed to pay $462 million over eight years to settle claims by six U.S. states including New York and California, along with the District of Columbia, that it unlawfully marketed its addictive products to minors.
- The U.S. House of Representatives Judiciary Committee
has subpoenaed the Federal Trade Commission for documents
related to the regulatory agency's privacy probe of Twitter, the
panel said on Wednesday.
(Compiled by Bengaluru newsroom)
