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SYDNEY (Reuters) -Virgin Australia said on Tuesday it would enter a new codeshare and loyalty partnership with United Airlines from April 2022, replacing a longstanding partnership with Delta Air Lines on U.S. routes. Virgin last year stopped flying from Australia to Los Angeles but had maintained a relationship with Delta in competition with a rival …

Virgin Australia switches U.S. partner to United from Delta Read More »

HOUSTON (Reuters) -Motiva Enterprises on Monday restarted the second-largest crude distillation unit (CDU) and small coker at its 607,000-barrel-per-day Port Arthur, Texas, refinery, said sources familiar with plant operations. A Motiva spokesperson declined to comment. The 195,000-bpd VPS-4 CDU and 54,000-bpd coker were among units shut at the Motiva refinery, the nation’s largest, on Sunday …

Motiva restarts crude unit at Port Arthur, Texas, refinery -sources Read More »

(Reuters) – Tesla Chief Executive Officer Elon Musk was named Time magazine’s “Person of the Year” for 2021, a year that saw his electric car company become the most valuable carmaker in the world and his rocket company soar to the edge of space with an all-civilian crew. Musk is also the founder and CEO …

Elon Musk named Time’s 2021 ‘Person of the Year’ Read More »

By David Shepardson WASHINGTON (Reuters) – A U.S. Senate report released on Monday said the Federal Aviation Administration must do a better job overseeing Boeing Co and the certification of new airplanes, as well as review allegations raised by seven industry whistleblowers. The 97-page Commerce Committee report from Senator Maria Cantwell includes concerns raised in …

U.S. Senate committee faults FAA oversight of Boeing Read More »

(Reuters) -Harley-Davidson Inc’s electric-motorcycle division will go public through a merger with a blank-check firm in a deal valued at $1.77 billion, the company said on Monday, as the 118-year old brand bets on younger customers to boost volumes. The company launched LiveWire earlier this year, hoping to claw back lost market share as its …

Harley to take EV unit public via SPAC deal as valuations soar Read More »

OTTAWA (Reuters) -Canada has proposed aligning its electric vehicle tax policy with that of the United States to settle a dispute over proposed U.S. credits for American-made vehicles, Prime Minister Justin Trudeau told reporters on Monday. Canada dramatically hardened its tone with Washington on Friday, threatening to slap tariffs on a range of American goods …

Canada has proposed aligning electric vehicle tax policy with U.S. to settle dispute -PM Read More »

By David French and Elizabeth Culliford (Reuters) -Meta Platforms Inc, the owner of social media network Facebook, is behind a $60 million deal to acquire the trademark assets of U.S. regional bank Meta Financial Group, spokespeople for the companies said on Monday. The deal underscores how valuable the Meta name has become for the technology …

Exclusive-Facebook owner is behind $60 million deal for Meta name rights Read More »

(Reuters) – Peloton Interactive rose in a volatile trading on Monday following a parody ad firing back at an episode of a “Sex and the City” reboot TV series that suggested the company’s exercise bikes can be lethal. The stock was last up about 2.5%, partly recovering from a route of over 5% on Friday …

Peloton parody helps reverse ‘Sex and the City’ sell-off Read More »

By Jonnelle Marte (Reuters) – U.S. consumers’ short-term inflation expectations pushed higher in November and expectations for future earnings growth dropped, suggesting they anticipate price increases will outpace wage gains at an even faster rate in the near term, according to a survey released on Monday by the New York Federal Reserve. Prices for food …

U.S. consumers expect short-term inflation to rise at twice pace of wage gains Read More »