By David Shepardson WASHINGTON, Dec 16 (Reuters) – U.S. Federal Aviation Administration head Bryan Bedford said on Tuesday the agency is committing $6 billion by year-end on air traffic control telecom infrastructure and radar surveillance systems that will be deployed by the end of 2028. Congress approved $12.5 billion to reform the aging U.S. air …
US FAA to spend $6 billion on air traffic telecom, radar Read More »
Dec 16 (Reuters) – The U.S. Environmental Protection Agency expects to finalize 2026 and 2027 biofuel blending mandates, which had originally been expected in late October, in the first quarter of next year. The slowdown pushes one of the Trump administration’s most consequential energy policy choices into 2026. Without clarity on quotas, companies say they …
US EPA expects to finalize biofuel rules in first quarter of 2026 Read More »
Dec 16 (Reuters) – The unemployment rate for two U.S. groups that are often the most vulnerable to job loss in a softening economy – Blacks and teenagers – surged to the highest levels in more than four years in November, Labor Department data showed on Tuesday. The jobless rate for Blacks hit 8.3% in …
US jobless rate for Blacks and teens surges in November Read More »
By Nora Eckert DETROIT, Dec 16 (Reuters) – Ford CEO Jim Farley walked through Ford’s Michigan design studio Monday afternoon, reflecting on how he was about to wipe out thousands of work hours on electric vehicles that he and his team had hoped would revolutionize the American auto industry. Shortly after, his company announced it …
Analysis-Ford’s EV retreat highlights industry dilemma: Build for the US or the world? Read More »
By Douglas Gillison WASHINGTON, Dec 16 (Reuters) – Fourteen of the largest U.S. retail banks posted jumps in the income they generated from overdraft and bounced-check fees during the first nine months of the year, while two big banks reported sharp declines, according to a Reuters analysis. The data reveals growing industry divergence on such …
US overdraft fees jump at big banks amid regulatory, economic shifts Read More »
By Amy-Jo Crowley, Andres Gonzalez and Oliver Hirt LONDON/ZURICH, Dec 16 (Reuters) – The world’s biggest chocolate maker Barry Callebaut is in the early stages of exploring the separation of its global cocoa unit from the rest of the group, according to three people familiar with the matter. The goal is to reduce the group’s …
WASHINGTON, Dec 16 (Reuters) – U.S. business inventories increased slightly more than expected in September, suggesting inventories probably added to economic growth in the third quarter. Inventories rose 0.2% after being unchanged in August, the Commerce Department’s Census Bureau said. Inventories are a key component of gross domestic product and one of the most volatile. …
US business inventories increase slightly more than expected in September Read More »
Dec 16 (Reuters) – Kraft Heinz on Tuesday named former Kellogg top boss Steve Cahillane as CEO to help spearhead the packaged goods giant’s planned split. The company said in September it would split into two companies – one focused on pantry staples and the other on sauces and spreads. Cahillane, 60, is set to …
By Gertrude Chavez-Dreyfuss NEW YORK, Dec 16 (Reuters) – U.S. rate futures on Tuesday raised the probability of the Federal Reserve cutting interest rates at the next policy meeting in January after data showed U.S. unemployment rose last month. Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, …
US rate futures lift odds of January cut after unemployment rises in November Read More »
Dec 16 (Reuters) – Humana said on Tuesday that George Renaudin will step down as president of its insurance segment and named Amazon healthcare executive Aaron Martin as his successor. Renaudin, who played a pivotal role in establishing and growing the Medicare Advantage and Medicaid programs, will retire next year after a 29-year career at …
Humana taps Amazon executive to head insurance unit as veteran retires Read More »
