The expansion of a Canadian government-owned oil pipeline from Alberta to the Pacific Coast could be delayed by nine months if regulators don’t approve a route alteration, the project’s builder said in a regulatory filing.
The Biden administration is expecting a deal between the United Auto Workers union and automakers, and has deployed top officials to help facilitate the talks, according to Deputy Treasury Secretary Wally Adeyemo.
Truist Financial Corp. will embark on “sizable” job cuts as part of the firm’s efforts to trim expenses by $750 million in the coming months.
US regulators approved updated versions of the Covid-19 vaccines made by Pfizer Inc. and Moderna Inc. Monday as hospitalizations tick up in a late-summer surge of the virus.
RTX Corp. dramatically expanded the scope of required engine checks at its Pratt & Whitney unit, a move that will affect nearly its entire fleet of turbines powering Airbus SE’s latest A320 and ground hundreds of the single-aisle jets for months.
Jamie Dimon again took aim at higher capital requirements US regulators proposed for the banking industry in July, saying he would “love to know what they really want to accomplish.”
Citizens Financial Group Inc. Chief Financial Officer John Woods vowed the company won’t do deals that require it to book losses as it looks to reduce a $13.7 billion portfolio of unwanted loans.
Sarah Burton, creative director at fashion house Alexander McQueen, is set to leave the Kering SA label later this month, the latest in a string of management moves at the luxury conglomerate.
Once cash-strapped, Pennsylvania’s rating outlook has been raised to positive by Moody’s Investors Service, indicating a possible upgrade after the Keystone State bolstered its reserves.
The wind is about to shift for the US stock market, if history is any guide, says Bank of America Corp.
