Reuters US Business

By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said on Monday it has finalized rules requiring aviation-repair stations in foreign countries to conduct drug and alcohol testing for employees performing safety-sensitive maintenance functions for U.S. airlines. The rule, which requires compliance by December 2027, will impact about 977 repair stations in 65 countries, the FAA …

US to require drug, alcohol testing for foreign aviation-repair stations Read More »

(This Dec. 11 story has been corrected to change the title to Senior Vice President, not Vice Chairman, in paragraph 10) HOUSTON (Reuters) – Exxon Mobil wants to preserve its right of first refusal in Hess Corp’s sale of its Guyana oil production assets because of the work it has put into developing the country’s …

Exxon wants to keep option for Hess Guyana assets, CEO says Read More »

By Shivansh Tiwary (Reuters) – Honeywell said on Monday it was considering a plan to separate its high-margin aerospace business, a move backed by activist investor Elliott Investment Management, which has been pushing for the company’s breakup. The company, one of the last surviving U.S. conglomerates, has been on a deal-making spree this year under …

Honeywell considers spinning off aerospace business amid Elliott’s breakup push Read More »

By Laura Matthews NEW YORK (Reuters) – Exchange operator Nasdaq is on track to beat the New York Stock Exchange on listings for the sixth straight year in 2024, as Wall Street looks for a bumper crop of initial public offerings in 2025. Companies raised approximately $22 billion across 160 initial public offerings at Nasdaq …

Nasdaq tops NYSE in listings for 6th straight year as IPO optimism grows Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Energy Department on Monday said it has finalized a $9.63 billion loan to a joint venture of Ford Motor and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky. The low-cost government loan for the BlueOval SK …

US finalizes $9.63 billion loan for Ford, SK On joint battery venture Read More »

By Leo Marchandon, Gianluca Lo Nostro and Florence Loeve (Reuters) -Shares of Canal+ fell on their London debut on Monday while fellow Vivendi spinoffs Havas and Louis Hachette rose in Amsterdam and Paris, after shareholders of the French media conglomerate voted in favour of the high-stakes split. Shares of broadcaster Canal+ opened at 290 pence, …

Canal+ falls, Havas and Louis Hachette up on market debut post-Vivendi split Read More »