(Reuters) – BMW of North America has recalled 720,796 U.S. vehicles as an improperly sealed electrical connector on the water pump may be exposed to water and short circuit, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday. (Reporting by Gursimran Kaur in Bengaluru; Editing by Nivedita Bhattacharjee)
(Reuters) -Alaska Airlines said on Monday its proposed merger with Hawaiian Airlines has cleared a regulatory obstacle with the U.S. Department of Justice, just days after it agreed to extend a review period of the $1.9 billion deal. The announcement boosted shares of Hawaiian by nearly 9% in premarket trade on Tuesday, while Alaska’s shares …
Alaska Airlines, Hawaiian merger clears US DOJ review Read More »
(Reuters) – Walt Disney Co on Monday agreed to have a court decide on a wrongful death lawsuit, brought by a widower in Florida, after earlier arguing the case belonged in arbitration because the man signed up for a trial of streaming service Disney+ in 2019. The lawsuit was filed by the husband of a …
Disney agrees to have Florida wrongful death lawsuit decided in court Read More »
By Melanie Burton MELBOURNE (Reuters) -First-round bids for Anglo American’s Australian metallurgical coal mines are due by Sept. 9, two sources said on Tuesday, as CEO Duncan Wanblad takes initial steps to simplify the company after rejecting a takeover offer from BHP. Anglo’s mines for the steel-making ingredient include Grosvenor and Moranbah North as well …
Initial bids for Anglo’s Australian coal mines due by Sept 9, sources say Read More »
SYDNEY (Reuters) – Australia’s central bank judged a near-term rate cut was unlikely and policy might need to stay restrictive for an “extended period” to ensure inflation can be tamed, after debating whether or not to hike at its August policy meeting. Minutes of its Aug 5-6 board meeting out on Tuesday showed the Reserve …
Australia central bank sees near-term interest rate cut as unlikely Read More »
By Douglas Gillison (Reuters) -Billionaire investor Carl Icahn and his firm Icahn Enterprises LP (IEP) have settled charges that for years he failed to disclose pledging the majority of the firm’s securities for billions in personal margin loans, together agreeing to pay $2 million in penalties, U.S. regulators said Monday. The action came more than …
Icahn settles with US SEC over alleged disclosure failures Read More »
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration said on Monday it was adopting an airworthiness directive for Boeing 787 Dreamliners following an incident in March when a LATAM Airlines plane went into a sudden mid-air dive that injured more than 50 passengers. The FAA said the apparent reason for the dive was the uncommanded …
US FAA adopts safety directive for Boeing 787 planes following mid-air dive Read More »
By Gram Slattery and David Shepardson YORK, Pennsylvania (Reuters) -Republican presidential candidate Donald Trump pledged on Monday to rescind a Biden administration rule limiting power plant pollution, and reiterated a promise to block Nippon Steel’s planned purchase of U.S. Steel. In the most detailed economic remarks he has offered on the campaign trail so far, …
Trump pledges to end pollution rule, block steel merger in Pennsylvania Read More »
By Jonathan Stempel (Reuters) – Pilgrim’s Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with rivals to underpay chicken farmers, the final and by far the largest settlement in the seven-year-old antitrust case. A preliminary settlement was filed on Friday with the U.S. District Court …
Pilgrim’s Pride in $100 million settlement over chicken farmers’ pay Read More »
(Reuters) -Palo Alto Networks forecast fiscal 2025 revenue and profit above Wall Street estimates on Monday, a sign of growing demand for its comprehensive cybersecurity products as digital threat landscape evolves. Shares of Santa Clara, California-based Palo Alto Networks rose about 4% in extended trading, as the company also announced an additional $500 million for …
Palo Alto forecasts annual results above estimates on robust cybersecurity demand Read More »
