(Reuters) – The U.S. auto regulator has opened a preliminary evaluation of Fisker’s 2023 Ocean vehicles after complaints alleging failure to open the door, the National Highway Traffic Safety Administration said on Wednesday. (Reporting by Abinaya Vijayaraghavan in Bengaluru; Editing by Arun Koyyur)
By Fergal Smith TORONTO (Reuters) – Greater Toronto area home sales fell in March for a second straight month, while prices increased, keeping a housing market recovery in check at a time of historically high borrowing costs, data showed on Wednesday. Seasonally adjusted sales declined 1.1% in March from the previous month after falling 11.5% …
Toronto home sales fall for second month in March; prices rise Read More »
(Corrects headline, 1st paragraph, removes reference to CIB in paragraph 4,5 to show new appointments are for hubs’ overall operations) DUBAI (Reuters) -Standard Chartered has picked new regional heads, according to a person with knowledge of the matter, as the Asia-focused bank undergoes a major management reshuffle in its corporate and investment banking business (CIB) …
By Svea Herbst-Bayliss, Greg Roumeliotis (Reuters) -Walt Disney Co has secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz’s hedge fund Trian Fund Management, people familiar with the matter said on Tuesday. Enough votes had been cast as of Tuesday evening to put Disney’s board directors safely ahead of …
Exclusive-Disney prevails over Trian in board fight, sources say Read More »
By Stephen Nellis (Reuters) -Semiconductor company Intel disclosed increasing operating losses for its foundry business on Tuesday, according to a regulatory filing. Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion …
Intel discloses $7 billion operating loss for chip-making unit Read More »
By Svea Herbst-Bayliss and Dawn Chmielewski NEW YORK (Reuters) -Walt Disney’s largest investor, Vanguard Group, on Tuesday voted to elect the entertainment giant’s incumbent directors, allowing the company to pull further ahead in a bitter boardroom fight with two hedge funds, sources told Reuters. The decision by Vanguard, which owned an 8.2% stake in the …
Vanguard’s vote helps extend Disney’s lead in boardroom fight Read More »
By Jonathan Stempel NEW YORK (Reuters) – Citigroup on Tuesday urged a federal judge to dismiss New York Attorney General Letitia James’ lawsuit accusing its Citibank unit of failing to reimburse customers who fall victim to online scammers. While recognizing that the problem of online wire fraud “is real,” the third-largest U.S. bank faulted James’ …
Citigroup urges dismissal of ‘misguided’ New York lawsuit over fraud scams Read More »
By Ann Saphir and Michael S. Derby (Reuters) -A pair of Federal Reserve policymakers often considered to have divergent monetary policy leanings on Tuesday both said they think it would be “reasonable” to cut U.S. interest rates three times this year, even as stronger recent economic data has sown investor doubts about that outcome. Cleveland …
Fed officials see three rate cuts ‘reasonable’ this year Read More »
By Jarrett Renshaw, Patricia Zengerle and Timothy Gardner WASHINGTON (Reuters) – U.S. officials are open to ending President Joe Biden’s pause on approvals of liquefied natural gas exports to get a Ukraine aide package passed in Congress but want to wait to see the entire proposal before making any decisions, two White House sources said …
White House open to ending LNG export pause in push for Ukraine aid, sources say Read More »
NEW YORK (Reuters) – Walt Disney’s largest investor Vanguard Group has voted to back all of the entertainment giant’s 12 directors, helping the company pull ahead in its bitter board-room fight with two hedge funds, including Nelson Peltz’s Trian Fund Management, sources said on Tuesday. (Reporting by Svea Herbst-Bayliss, Editing by Franklin Paul)
