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(Reuters) -The U.S. Federal Trade Commission is probing executives from major oil firms, including Hess Corp, Occidental and Diamondback Energy over their communications with OPEC officials, Bloomberg News reported on Friday, citing people familiar with the matter. All three companies are pursuing multi-billion dollar deals which are currently under FTC review. The current investigation of …

U.S. FTC probes Hess, Occidental execs over OPEC communication, Bloomberg reports Read More »

By Gabriel Araujo SAO JOSE DOS CAMPOS, Brazil (Reuters) – Brazilian planemaker Embraer is gearing up for a “very strong” second half after meeting its expectations for deliveries in the first half of 2024, Chief Financial Officer Antonio Carlos Garcia said on Friday. The world’s third-largest planemaker behind Airbus and Boeing reported on Thursday total …

Embraer eyes ‘very strong’ H2 after solid Q2 deliveries; shares rise Read More »

By Gabriel Araujo SAO JOSE DOS CAMPOS, Brazil (Reuters) – Gol and LATAM Airlines are in advanced talks to add Embraer aircraft to their fleets, the head of Brazil’s state development bank BNDES said on Friday, as the country urges them to buy planes from the local manufacturer. Gol and the local unit of Chile-based …

Gol, LATAM in advanced talks to add Embraer planes, says BNDES head Read More »

(This July 18 story has been corrected to clarify that 4.5 million pounds is an annual figure in paragraph 3 and removes reference to ‘stacked layers’ in paragraph 5) By Krystal Hu (Reuters) – U.S. vertical farming startup Plenty is forming a joint venture with Mawarid, a subsidiary of Alpha Dhabi Holding, in a $680 …

Vertical farming startup Plenty to expand via $680 million JV with UAE’s Mawarid Read More »

(Reuters) – The Federal Court of Australia fined a local unit of American Express (AmEx) A$8 million ($5.36 million) for breaching design and distribution rules for two of its co-branded credit cards, the Australian corporate regulator said on Friday. The court found that American Express Australia distributed two credit cards primarily to customers in stores …

Australian court fines AmEx $5.3 million over breach of credit card rules Read More »

By Granth Vanaik (Reuters) – Proxy advisory firm Glass Lewis has recommended Vista Outdoor shareholders to vote in favor of the proposed merger of the company’s ammunition unit with Czechoslovak Group (CSG), in a report seen by Reuters on Thursday. Glass Lewis, which previously recommended stockholders to abstain from voting for the deal with Prague-based …

Glass Lewis recommends Vista Outdoor shareholders to vote in favor of deal with CSG Read More »

By Akash Sriram and Hyunjoo Jin (Reuters) -Registrations of Tesla cars in California fell 24% in the April to June period, marking the third consecutive quarter that the company posted a sales drop in its key market, indicating mounting challenges for the EV maker, according to industry data on Thursday. High interest rates and stiff …

Tesla’s California car registrations fall for third straight quarter Read More »

(Reuters) – ChatGPT maker OpenAI is in discussion with chip designers, including Broadcom, about developing a new artificial intelligence chip, the Information reported on Thursday, citing people familiar with the matter. OpenAI is exploring the idea of making AI chips on its own to overcome the shortage of expensive graphic processing units that it relies …

OpenAI holds talks with Broadcom about developing new AI chip, the Information reports Read More »

(Reuters) – Healthcare provider Ardent Health’s shares opened 6% below their initial public offering price in their NYSE debut on Thursday, reflecting new investor caution with new listings amid rate cut uncertainties. Ardent’s shares began trading at $15 apiece, giving the company a market valuation of $2.15 billion, compared with the IPO price of $16 …

Ardent Health falls 6% in lukewarm NYSE debut Read More »

By Curtis Williams (Reuters) -Trinidad and Tobago’s High Court on Thursday reaffirmed a decision recognizing U.S. oil producer ConocoPhillips’ arbitration claim against Venezuela, which could freeze the Caribbean country’s payments to its neighbor for joint natural gas projects. In late May, the court’s original decision opened the door for ConocoPhillips to enforce in that country …

Trinidad’s court reaffirms recognition of ConocoPhillips’ claim against Venezuela Read More »