(Reuters) – Chrysler is recalling more than 211,000 vehicles in the United States due to a software malfunction that could disable the electronic stability control system, the National Highway Traffic Safety Administration (NHTSA) said on Saturday. Due to the malfunction, the Anti-Lock Brake System (ABS) control module may disable the electronic stability control system, the …
By Siddharth Cavale BENTONVILLE, Arkansas (Reuters) -Retail giant Walmart says it is against putting panic buttons in stores – a move that the New York legislature wants to require under a new law aimed at keeping retail workers safe. On Friday, the New York State Senate passed legislation that would make most big retail chains, …
Exclusive-Walmart opposes NY plan to add panic buttons to stores Read More »
By Maha El Dahan DUBAI (Reuters) – Saudi Arabia placed over half of an $11.2 billion share sale in Aramco with foreign investors, two people with knowledge of the matter told Reuters on Saturday. Saudi Arabia has been seeking to lure international investment to pour tens of billions of dollars into projects to diversify away …
Over half of Aramco share sale allocated to foreign investors – sources Read More »
(Reuters) – Warren Buffett’s Berkshire Hathaway bought around 2.57 million shares of common stock in Occidental Petroleum over June 5-7, according to a U.S. securities filing. Buffett’s company bought additional shares in Occidental’s common stock for more than $150 million and now owns about 250.6 million shares in the energy producer. Occidental shares closed at …
Berkshire buys additional 2.57 million shares in Occidental Petroleum, filing shows Read More »
By Chibuike Oguh NEW YORK (Reuters) -Wall Street stocks ended slightly lower on Friday in choppy trading after stronger-than-expected U.S. jobs data pointed to a robust economy but prompted worries the Federal Reserve may wait longer to cut interest rates than many investors had hoped. The U.S. economy generated about 272,000 jobs in May, far …
Wall Street stocks close slightly lower; jobs data strong but rates still high Read More »
(Reuters) – The S&P Dow Jones Indices said on Friday that private equity firm KKR & Co, cybersecurity company CrowdStrike and internet services provider GoDaddy will join the benchmark S&P 500 before markets open on June 24. Shares of CrowdStrike rose 6% in extended trading. KKR and GoDaddy climbed 9% and 3.6%, respectively. The companies …
CrowdStrike, KKR, GoDaddy to join benchmark S&P 500 Read More »
By David Shepardson WASHINGTON (Reuters) -The Federal Communications Commission on Friday asked the U.S. 6th Circuit Court of Appeals in Cincinnati, Ohio to transfer a series of industry legal challenges to its decision to reinstate landmark net neutrality rules to a federal court in Washington. Net neutrality rules require internet service providers (ISPs) to treat …
FCC wants change of US court hearing challenges to net neutrality rules Read More »
(Reuters) – Paramount Global controlling shareholder Shari Redstone received the fewest votes among other directors in the company’s board election, a filing on Friday showed. Redstone received 32.2 million votes for her election to the board, the lowest out of the six candidates, while also getting the most votes against her election at more than …
Shari Redstone receives fewest votes in Paramount board election Read More »
By Arasu Kannagi Basil and Echo Wang (Reuters) -Waystar’s shares fell in their Nasdaq debut on Friday, after the healthcare payments company raised $968 million in its U.S. initial public offering, in what was one of the largest deals of the year. The company’s stock opened at $21, slightly below the IPO price of $21.50, …
Healthcare payments firm Waystar’s shares slip in Nasdaq debut Read More »
By David Shepardson WASHINGTON (Reuters) -President Joe Biden’s administration Friday finalized tighter vehicle fuel economy rules through 2031 that are significantly less stringent than first proposed, a win for the Detroit Three automakers who lobbied heavily for revised rules. The National Highway Traffic Safety Administration said it would hike Corporate Average Fuel Economy (CAFE) requirements …
US raises truck, SUV fuel economy rules, much less than first proposed Read More »
