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Weinstein Company to file bankruptcy as soon as Monday: source

[ad_1] NEW YORK (Reuters) – U.S. film and TV studio The Weinstein Company plans to file for bankruptcy in Delaware as soon as Monday night with an offer for the company in hand from private equity firm Lantern Capital, a person familiar with the matter said. FILE PHOTO – Harvey Weinstein speaks at the UBS 40th Annual Global Media and Communications Conference in New York, December 5, 2012. REUTERS/Carlo Allegri An investor group led by former Obama administration official Maria…

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UPDATE 1-California regulator proposes regulating Uber like tour buses, limos

[ad_1] (Adds comment from Uber and details of decision) By Heather Somerville SAN FRANCISCO, March 19 (Reuters) – Uber Technologies Inc should be classified as the same type of transportation as limousines and tour buses, a California regulator said on Monday in a proposal that could change how the ride-hailing company is regulated in its home state. A commissioner for the California Public Utilities Commission, who had been tasked with investigating and formulating a proposal on regulating Uber, said in…

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South Africa’s Ramaphosa suspends revenue service head Moyane

[ad_1] JOHANNESBURG (Reuters) – South Africa suspended the head of its revenue service (SARS), Tom Moyane, on Monday with immediate effect pending disciplinary action, the presidency said. “Developments at the SARS under your leadership have resulted in a deterioration in public confidence in the institution and in public finances being compromised,” President Cyril Ramaphosa said in a statement issued by his office. “For the sake of the country and the economy, this situation cannot be allowed to continue, or to…

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Scots take hard line on Brexit fishing rights

[ad_1] EDINBURGH (Reuters) – Politicians on both sides of the divide in Scotland criticized a Brexit transition deal which failed to deliver full control over fishing rights, with Conservatives suggesting they could not support a final agreement unless it did so. FILE PHOTO: Scotland’s Conservative Party leader Ruth Davidson speaks to the Independent think tank IPPR (Institute for Public Policy Research) in Edinburgh, Scotland September 1 2017. REUTERS/Russell Cheyne The pro-independence Scottish National Party called the deal a sell-out and…

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U.S. actively looking into Venezuelan oil sanctions: official

[ad_1] WASHINGTON (Reuters) – The Trump administration is actively exploring options to impose sanctions on Venezuela’s oil sector, a senior U.S. official said on Monday, after the White House issued an executive order barring the use of Venezuelan cryptocurrencies. FILE PHOTO – A boat is seen close to oil installations at Lake Maracaibo in Cabimas, Venezuela October 5, 2017. REUTERS/Isaac Urrutia “We are considering all options, including oil sector sanctions options,” a senior administration official told reporters on a conference…

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Britain plans greater powers for pensions watchdog

[ad_1] LONDON (Reuters) – Britain’s pensions regulator will be able to impose “punitive fines” on companies which put their pension schemes at risk, the government said on Monday in a document outlining proposals to strengthen powers to protect employees after retirement. FILE PHOTO – Pensioners sit on a bench in a park, Merthyr Tydfil, Wales, May 22, 2017. Picture taken May 22, 2017. REUTERS/Rebecca Naden The government would also make it a criminal offence to commit “wilful and grossly reckless…

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GLOBAL MARKETS-Global stocks sink in worst slide since November; eyes on Fed meeting

[ad_1] NEW YORK, March 19, 2018 – U.S. stocks joined a slide on global equity markets on Monday as traders turned cautious ahead of the Federal Reserve’s policy meeting this week and amid continuing concerns about the threat of a global trade war. MSCI’s main 47-country world stock index fell for a fifth straight day, after European stocks dipped and benchmark U.S. indexes declined. Global equities are on their worst run since November. The defensiveness came as fears of a…

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BT to close defined benefits pension scheme ​

[ad_1] LONDON (Reuters) – BT (BT.L) said on Monday it would close its defined benefit pension scheme after it struck an agreement with a major union on the future arrangements for 20,000 staff. FILE PHOTO – A branded sign is displayed outside of a BT building in London, Britain January 27, 2017. REUTERS/Neil Hall Britain’s biggest broadband and mobile phone provider said it expected to close its scheme, one of the biggest in the country, to future benefits on May…

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Your Money: Perks galore rule the new economy of babysitting

[ad_1] (The writer is a Reuters contributor. The opinions expressed are his own.) By Chris Taylor NEW YORK (Reuters) – Not that long ago, babysitting seemed like an underpaid and overworked profession: Five bucks an hour and maybe a slice of cold pizza while the parents duck out to a restaurant. But babysitters are underappreciated no more – and are enjoying growing perks in what a recent Care.com survey calls “a babysitter’s market.” How will your sitter get to you…

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UK home-sellers raise prices by most since 2007 – Rightmove

[ad_1] LONDON (Reuters) – British home-sellers raised their asking price by 1.5 percent in March, the biggest monthly increase for the time of year since 2007, property website Rightmove said on Monday. FILE PHOTO – Property sale signs are seen outside of a group of newly built houses in west London, Britain, November 23, 2017. REUTERS/Toby Melville Rightmove’s figure is not seasonally adjusted and contrasts with a much more subdued picture painted so far this year by mortgage lenders Halifax…

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