(Reuters) - Grain trader Archer-Daniels-Midland said on Monday that Chief Financial Officer Vikram Luthar will resign from his role effective Sept. 30. Luthar is the highest-level executive to leave the firm since it disclosed accounting issues within its Nutrition division that later triggered two government investigations and forced it to revise six years of financial data. ADM had put Luthar...

01:29 PM EDT, 04/23/2024 (MT Newswires) -- The US Department of Labor on Tuesday finalized its Retirement Security Rule, which updates the definition of an investment advice fiduciary under the Employee Retirement Income Security Act and the Internal Revenue Code. The final rule and amendments to related prohibited transaction exemptions now require trusted investment advice providers to give prudent, loyal,...

BRUSSELS/ROME (Reuters) - European Union antitrust regulators are asking rivals and customers whether proposed acquisition of Telecom Italia's (TIM) fixed-line access network by U.S. investment firm KKR could hamper Italy's wholesale market, people familiar with the matter said on Tuesday. Such regulatory worries could lead to a lengthy investigation of the deal and put pressure on KKR to offer significant...

Freeport-McMoRan Inc. ( FCX ) shares are trading lower after the company reported first-quarter FY24 results. Revenue stood at $6.32 billion, beating the consensus of $5.66 billion. Adjusted EPS was $0.32, beating the consensus of $0.27. Copper sales (excluding purchases) totaled 1.1 billion pounds, an increase of 33% Y/Y, led by higher mining and milling rates and ore grades at PT-FI. The average realized...