SYDNEY (Reuters) – Australian consumer sentiment dipped for a second month in January as financial stress dominated at the start of the new year, a survey showed on Tuesday, suggesting spending will remain subdued in the near term. The Westpac-Melbourne Institute index of consumer sentiment fell 0.7% in January from December, when it dropped 2.0%. …
Australia consumer sentiment index dips 0.7% in Jan Read More »
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court declined on Monday to hear a bid by Sunoco and other oil companies to scuttle a lawsuit by Honolulu accusing them of misleading the public for decades about the dangers of climate change induced by the burning of fossil fuels. The justices turned away an …
US Supreme Court rejects bid by oil companies to toss Honolulu’s climate suit Read More »
(Reuters) – Electricity provider Hawaiian Electric on Monday laid out a plan to fortify the power grid to help reduce the risk of a wildfire started by its equipment. The utility has faced intense scrutiny in the past for its role in the deadly 2023 Maui wildfire. The fires killed over 100 people, destroyed the …
Hawaiian Electric lays out plan to reduce wildfire risk Read More »
NEW YORK (Reuters) – As multiple wildfires devour tens of thousands of acres across Los Angeles in what is expected to be the most costly natural disaster in U.S. history, the area’s electric utilities have come under increasing scrutiny. While officials have not released causes for the more than half-dozen blazes around the city, a series of …
Factbox-Utilities face increasing scrutiny in LA wildfires Read More »
By Federico Maccioni DUBAI (Reuters) -Cryptocurrency firm Tether plans to move its headquarters to El Salvador, its chief executive said, as the founders of the world’s biggest stablecoin look to capitalize on the Central American country’s bid to become a hub for crypto trading. Tether has emerged as a dominant force in the booming market …
Crypto firm Tether and its founders finalizing move to El Salvador Read More »
(Reuters) -Southern California Edison, a unit of utility Edison International, was hit by multiple lawsuits on Monday claiming its electrical equipment started one of the major wildfires currently raging in the Los Angeles area, according to court filings. The legal actions appear to be the first of hundreds, or even thousands, of claims that may …
Southern California Edison faces lawsuits over Los Angeles wildfires Read More »
By Kanishka Singh WASHINGTON (Reuters) – The U.S. Department of Labor said it entered an agreement with JBS USA in which the meatpacker will provide $4 million to assist individuals and communities affected by unlawful child labor practices nationwide. JBS USA is the North American unit of Brazil’s JBS SA. WHY IT’S IMPORTANT Since 2022, …
US Labor Department enters deal with JBS to assist those affected by child labor Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist investor Mantle Ridge on Monday won support from a second proxy advisory firm as it battles for board seats at industrial gases company Air Products and Chemicals with an eye to changing strategy and finding a successor for its CEO. Institutional Shareholder Services recommended that Air Products and …
ISS backs three of four dissident director candidates in Air Products fight Read More »
(Reuters) – The boards of directors of the Federal Reserve’s 12 regional banks have grown more diverse by gender and race in 2025, data released by the U.S. central bank on Monday showed, though as a group the banks’ chairs and deputy chairs have not. Women hold 10 of the 24 leadership positions at Fed …
US Fed bank boards more diverse this year than last Read More »
(Reuters) -Billionaire investor Bill Ackman said on Monday Pershing Square was increasing its stake in Howard Hughes Holdings by $1 billion and that the real estate developer plans to buy back shares for an additional $500 million. The deal would increase Pershing Square’s stake in Howard Hughes to somewhere between 61% and 69%, depending on …
Bill Ackman proposes merger between Howard Hughes, Pershing unit Read More »
