Devika Syamnath

1 week ago | gurutrade.com | Savyata Mishra |Devika Syamnath

May 5 (Reuters) - Skechers said on Monday it had agreed to be taken private by investment firm 3G Capital in a $9.4 billion deal, at a time when the footwear company grapples with the impact of steep U.S. tariffs and erratic trade policy. 3G Capital has offered $63 per Skechers share in cash, representing a 28% premium to the stock's Friday close, according to Reuters calculation. Shares of the company jumped more than 25% to $61.90 premarket after the announcement.

1 week ago | today.westlaw.com | Savyata Mishra |Abigail Summerville |Devika Syamnath

(Reuters) -Skechers has agreed to be taken private by 3G Capital for $9.42 billion in the footwear industry's biggest buyout to date, exiting public markets after 26 years as the popular shoe brand grapples with the impact of steep U.S. tariffs....

2 weeks ago | fastbull.com | Lisa Mattackal |Purvi Agarwal |Devika Syamnath |Grace Montgomery

Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump’s tariffs against U.S. trading partners, ADP reported Wednesday. Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, amid heightened uncertainty over the degree of the tariffs and the impact they would have on hiring plans and broader economic conditions.

2 weeks ago | gurutrade.com | Savyata Mishra |Devika Syamnath

April 29 (Reuters) - Kraft Heinz on Tuesday slashed its full-year organic sales and profit forecasts, as demand for its snacks and ready-to-eat meal kits takes a hit from higher prices and an uncertain economic backdrop wrought by recent U.S. tariffs. Major packaged food firms such as Kraft Heinz, Conagra and General Mills have seen lackluster sales in the United States over the past year as volumes remained muted despite selective price reductions and higher promotions.

3 weeks ago | today.westlaw.com | Sriparna Roy |Devika Syamnath

(Reuters) -UnitedHealth Group spent nearly $1.7 million on security for its top executives in 2024, the healthcare conglomerate disclosed on Monday, months after the fatal shooting of senior executive Brian Thompson outside a Manhattan hotel in...