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By Jonathan Stempel (Reuters) – Maryland and the city of Baltimore sued Glock on Wednesday, seeking to force one of the country’s largest gun sellers to take steps to prevent owners from modifying its products into automatic weapons resembling machine guns. The lawsuit filed in Baltimore City Circuit Court is intended to help reduce gun …

Maryland, Baltimore sue Glock over easily-converted guns, cite violence threat Read More »

By Ross Kerber (Reuters) -The top U.S. securities regulator revised guidance on Wednesday to make it easier for companies to avoid bringing shareholder resolutions to a vote at annual meetings, undoing a 2021 change and a potential blow to activist campaigns on social, environmental and governance issues. Among other things, the SEC said it will …

US companies get more latitude to bar shareholder resolutions from their ballots Read More »

By Howard Schneider WASHINGTON (Reuters) – Higher inflation readings reported on Wednesday left Federal Reserve officials telling U.S. lawmakers, business executives and the public that they may be waiting longer than they had thought for relief from high interest rates, with price pressures persisting and broad uncertainty about the impact of Trump administration policies. Just …

US inflation jump puts Fed officials on notice as Powell testifies Read More »

By Joanna Plucinska LONDON (Reuters) -Air India is holding off on exercising its outstanding options to buy additional Boeing jets until the planemaker has cleared its backlog, CEO Campbell Wilson told Reuters on Wednesday. “We don’t want to commit to anything until we have confidence of when it’s going to come. And likewise, they (Boeing) …

Air India rules out more Boeing jet orders for now, CEO says Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – S&P 500 earnings growth for the fourth quarter of 2024 is on track to be the highest since the end of 2021, according to LSEG, thanks to much stronger-than-expected results in communication services, financials and other sectors. With reports in from nearly 70% of the S&P 500 companies …

US fourth-quarter 2024 earnings growth set to be highest in three years Read More »

By Philip Blenkinsop and Julia Payne BRUSSELS (Reuters) – The European Union hopes to avert a damaging trade war with the U.S. over impending metals tariffs by prioritising negotiations rather than retaliatory countermeasures, EU officials signalled on Wednesday. Ministers responsible for trade from the bloc’s 27 members met in a video conference on Wednesday to …

EU favours negotiations over retaliation to Trump tariffs Read More »