Reuters UK Business

By David Shepardson (Reuters) -The United Auto Workers union announced on Monday a number of its local units representing workers at Stellantis are preparing to file grievances and could launch a nationwide strike, saying the automaker is not honoring production commitments. The UAW said the locals represent tens of thousands of workers and the dispute …

UAW workers at Stellantis could strike over Illinois plant reopening Read More »

By Jonathan Stempel NEW YORK (Reuters) -A former Deutsche Bank trader whose conviction for rigging an interest rate benchmark was overturned has resolved a lawsuit accusing the German bank of destroying his banking career by falsely implicating him in the scheme. A joint stipulation ending Gavin Black’s $30 million civil lawsuit against the bank and …

Exonerated trader resolves lawsuit claiming Deutsche Bank ‘scapegoated’ him Read More »

By Max A. Cherney (Reuters) -AMD said on Monday it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia. AMD plans to pay for 75% of the ZT Systems acquisition with cash and the remainder in stock. …

AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock Read More »

By Joanna Plucinska and Jon Nazca LONDON/MALAGA, Spain (Reuters) – Sun seekers are turning to package holidays in Europe as soaring hotel and flight prices revive demand for the all-inclusive deals that had fallen from favour, bolstering the balance sheets of some travel companies. The combination of a cost-of-living crisis and disruption from strikes and …

Analysis-Package deals make a comeback as sun seekers count the cost Read More »

(Reuters) – UK homebuilder Barratt said on Monday a condition by the competition regulator for its acquisition of smaller rival Redrow was waived to satisfy a legal completion this week, but the firms will remain separate until the watchdog clears the deal. The Competition and Markets Authority (CMA) earlier this month raised concerns on the …

UK’s Barratt says CMA’s condition waived for legal completion of Redrow acquisition Read More »