By Nia Williams and Rajesh Kumar Singh (Reuters) – Air Canada and its pilots are locked in a standoff over a new labor contract and face a deadline by Sunday to reach a deal that would avert strike action. WHERE DO THE TALKS STAND? If the two parties do not reach an agreement by the …
Explainer-How likely is an Air Canada strike and what impact would it have? Read More »
By Laura Matthews NEW YORK (Reuters) – A federal judge on Thursday cleared the path for Americans to use derivatives to bet on events such as the outcome of U.S. elections, dealing another blow to the regulator overseeing the market. Predictions marketplace KalshiEX LLC sought to list contracts that would let users bet on whether …
US judge allows election betting, dealing blow to markets regulator Read More »
(Reuters) – Occidental Petroleum’s carbon capture and sequestration unit 1PointFive said on Thursday that the U.S. Department of Energy’s Office of Clean Energy Demonstrations has committed up to $500 million to support the development of its South Texas Direct Air Capture (DAC) Hub. The facility had previously received funding from BlackRock, the world’s largest asset …
Occidental’s 1PointFive secures funding of up to $500 million from US DOE Read More »
By Allison Lampert (Reuters) – Boeing faces a likely strike on Friday by more than 30,000 workers that could shutter its Seattle-area plane factories over demands for a bigger pay increase than the 25% over four years that union leaders agreed to. If there is no strike, the unionized workers could have to swallow a …
Explainer-Union rules set high bar to Boeing U.S. worker strike Read More »
WASHINGTON (Reuters) – The chair of the National Transportation Safety Board told new Boeing Co CEO Kelly Ortberg that the planemaker “has a safety culture problem” that must be addressed. NTSB Chair Jennifer Homendy told reporters on the sidelines of an event in Washington that she told Boeing’s new chief executive in a recent conversation …
NTSB chair tells Boeing CEO that planemaker has safety culture problem Read More »
By Rajesh Kumar Singh (Reuters) -A standoff between Air Canada and its pilots over a new labor contract escalated on Thursday, as the airline took the unusual step of saying Ottawa should be ready to intervene to head off a strike. The pilots’ union warned the federal government against such a step, saying it would …
Air Canada seeks government action as standoff with pilots escalates Read More »
By Jonathan Stempel (Reuters) -Ajit Jain, the longtime top insurance executive at Warren Buffett’s Berkshire Hathaway, sold more than half of his Class A shares in the conglomerate this week. According to a Wednesday night regulatory filing, the 73-year-old Jain sold 200 Berkshire Class A shares on Sept. 9 for about $139.1 million, at an …
Buffett’s insurance leader Ajit Jain sells large part of Berkshire stake Read More »
NEW YORK (Reuters) – Goldman Sachs has hired Melissa Goldman as a partner and global head of technology engineering for its global banking and markets division, according to a memo seen by Reuters on Thursday. Having worked for the firm previously, she is the fourth Goldman Sachs alumni to return as a partner this year. …
Goldman Sachs hires Melissa Goldman as partner for technology role, memo says Read More »
By Jonathan Stempel (Reuters) – Bank of Montreal persuaded a U.S. appeals court on Thursday to throw out a $564 million jury verdict against a subsidiary over its role in an approximately $3.65 billion Ponzi scheme run by convicted Minnesota businessman Tom Petters. Citing a similar case involving Bernard Madoff, the 8th U.S. Circuit Court …
US appeals court voids $564 million verdict against Bank of Montreal in Ponzi case Read More »
(Reuters) – Photoshop maker Adobe forecast fourth-quarter earnings below analysts’ estimates on Thursday, signaling stiff competition and soft demand for its AI-integrated editing tools amid challenging economic conditions. Shares of the company fell 9.2% in extended trading. High interest rates and a tough economy have led enterprises and individuals to focus on cutting costs, putting …
Adobe forecasts downbeat quarterly earnings on cautious tech spending Read More »
