Reuters US Business

By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration (FAA) on Tuesday warned that interference from planned use of 5G wireless spectrum posed an air safety risk and could result in flight diversions. The aviation industry and the FAA have raised concerns about potential interference of 5G with sensitive aircraft electronics like radio altimeters. …

U.S. warns 5G wireless use could prompt flight diversions Read More »

SAN FRANCISCO (Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Monday that Congress should not approve the Biden administration’s bill to boost subsidies for electric vehicles (EVs), saying the proposal would worsen the U.S. budget deficit. The billionaire entrepreneur is escalating criticism about the administration and Democrats for a proposal to give union-made, …

Tesla’s Musk says Biden’s electric vehicle bill should not pass Congress Read More »

By Andrea Shalal and Daphne Psaledakis WASHINGTON (Reuters) – The U.S. Treasury Department’s crime fighting arm on Tuesday moved to expand reporting requirements for certain domestic and foreign companies as part of a broader push to crack down on corruption and shell companies. A new rule would implement reporting provisions under the Anti-Money Laundering Act …

U.S. Treasury eyes new rule to expand company reporting, weed out corruption Read More »

By Rajesh Kumar Singh and Abhijith Ganapavaram (Reuters) – American Airlines Group Inc CEO Doug Parker will hand over the reins of the No. 1 U.S. airline to president Robert Isom on March 31, the company said on Tuesday, sending its shares up 2% in morning trade. Parker will continue as chairman, while Isom will …

American Airlines taps president Isom as next CEO Read More »

By David Shepardson WASHINGTON (Reuters) – The U.S. Senate voted 68-31 on Tuesday to confirm Federal Communications Commission chair Jessica Rosenworcel to a new five-year term with the telecom regulator. Rosenworcel, 50, a champion of broadband access for low-income American households and landmark net neutrality rules, was designated by President Joe Biden in October as …

Senate confirms Rosenworcel to new term on U.S. FCC Read More »

By Sheila Dang (Reuters) – Chat platform Discord will launch a pilot test to let content creators sell subscriptions for access to their online communities, the company said on Tuesday, as it aims to keep up with the burgeoning creator economy. Social media personalities in worlds as varied as entertainment, fashion and cryptocurrencies are increasingly …

Discord begins testing premium subscriptions in creator economy push Read More »

By Diane Bartz and Nandita Bose WASHINGTON (Reuters) – Two U.S. government agencies said on Tuesday that they and the European Commission have launched a dialogue focused on competition policy and enforcement in the technology sector. The U.S. Department of Justice Antitrust Division, the U.S. Federal Trade Commission announced the latest initiative, after Washington and …

U.S. agencies, European Commission launch new effort to boost tech competition Read More »

By Hilary Russ NEW YORK (Reuters) -Starbucks Corp on Tuesday lost its bid with the National Labor Relations Board (NLRB) to delay a union election at three of the coffee chain’s locations in Buffalo, New York. Workers received ballots in the mail in November and began sending them in. The NLRB will count them up …

Starbucks loses bid to delay union vote count in 3 NY stores Read More »

By Matt Scuffham NEW YORK (Reuters) -U.S. bank executives on Tuesday raised concerns about the impact of a sustained period of higher inflation, adding to pressure on the Federal Reserve to accelerate plans to wind down the pace of its asset purchases. Senior bankers are increasingly concerned that higher inflation could impact borrowers’ ability to …

U.S. bank executives worried about sustained high inflation Read More »