By Ben Klayman and David Shepardson (Reuters) -Ford Motor Co said on Monday it would push its return-to-work hybrid plan to March as the state of the COVID-19 pandemic remained uncertain. The No. 2 U.S. automaker said it will begin a pilot phase for select employees in February and March. The company had previously said …
Ford delays return-to-work hybrid plan to March amid COVID uncertainty Read More »
By Sheila Dang (Reuters) -The global advertising industry will notch higher growth this year than previously expected and is likely to continue its streak in 2022 as brands are relying more heavily on search engine and social-media companies such as Alphabet Inc’s Google and Meta Platforms Inc to reach customers during the pandemic, according to …
Google, Meta dominate as digital propels global advertising growth -forecasts Read More »
By Pete Schroeder WASHINGTON (Reuters) – A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying it is seeing an uptick in ransomware attacks, it said in a report issued Monday. The Office of the Comptroller of the Currency said banks must have in place …
U.S. bank regulator urges vigilance as ransomware attacks on the rise Read More »
By Bansari Mayur Kamdar (Reuters) -Early gains in a handful of companies tied to former U.S. President Donald Trump’s social media venture fizzled out on Monday after the blank-check firm taking it public said it had received fact-finding inquiries from financial regulators. Digital World Acquisition fell 2.9% after gaining as much as 22.3% in premarket …
By Nivedita Balu (Reuters) -The U.S. securities regulator has asked Lucid Group Inc for documents related to an investigation into its blank-check deal, joining a growing list of companies that have come under scrutiny for their merger with shell entities. Shares of the luxury electric-car maker fell as much as 19.5% on Monday after it …
EV maker Lucid gets SEC subpoena on $24-billion blank-check deal Read More »
By Tim Hepher and Rajesh Kumar Singh PARIS/CHICAGO (Reuters) – European regulators have issued a preliminary warning that patches of lightning protection may have been wrongly fitted on over a dozen Airbus A350 jets, while Delta Air Lines has joined a list of carriers facing “paint issues”. The proposed safety warning marks the first time …
European regulators propose check for anti-lightning flaw on some A350 jets Read More »
By Medha Singh and Lisa Pauline Mattackal (Reuters) – A flash weekend bitcoin crash that wiped out a fifth of its value and caused $2 billion worth of positions to be liquidated has soured investor expectations of a massive run-up in the world’s largest cryptocurrency into the year-end. Cryptocurrency analysts were not quite sure what …
SAO PAULO (Reuters) – Shares in Brazilian planemaker Embraer SA rose more than 4% after the company said its electric vertical takeoff and landing aircraft (eVTOL) subsidiary Eve Urban Air Mobility has received orders for 60 eVTOLs from two Australian companies. Embraer announced on Monday a partnership with Sydney Seaplanes, which will allow it to …
Embraer shares jump as unit gets orders for 60 electric aircraft Read More »
(Reuters) -Oil major Exxon Mobil Corp said on Monday it aims to achieve net zero greenhouse gas (GHG) emissions from working assets in the U.S. Permian basin by 2030, expanding its emission-reduction plans for unconventional operations in New Mexico and Texas. Investors and governments have been increasing pressure on energy companies to fight against climate …
Exxon Mobil to achieve net zero GHG emissions in Permian operations by 2030 Read More »
(Reuters) – Companies are generously rewarding their shareholders through share buybacks this year, using higher profits and cash flows as they recover from 2020’s pandemic-induced slowdown. According to the data from financial content platform Dealogic, companies have globally paid $68 billion through share buybacks between January to November this year, the highest since 2018. Graphic: …
Share buybacks by firms globally hit a three-year high Read More »
