Reuters US Business

By Allison Lampert MONTREAL (Reuters) – Productivity has slipped at a Montreal-area Airbus factory trying to ramp up assembly of the planemaker’s smallest commercial jet, as workers consider a new contract offer, according to sources and a union memo sent on Friday. Airbus and union negotiators failed to reach a negotiated deal this week following …

Productivity at Airbus plant in Canada slips as workers mull new contract offer Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. government said on Friday it was finalizing tighter tailpipe emissions standards for heavy duty vehicles like semi-trucks and buses, but the new rules would not be as strict as initially proposed in 2023. The Environmental Protection Agency (EPA) said the new rules setting standards for the 2027 through …

US finalizes new tailpipe emissions limits for heavy duty vehicles Read More »

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The latest U.S. inflation data is “along the lines of what we would like to see,” Federal Reserve Chair Jerome Powell said on Friday in comments that appeared to keep the central bank’s baseline for interest rate cuts this year intact. The personal consumption expenditures (PCE) price …

New US inflation data ‘along the lines’ of what Fed wants, Powell says Read More »

By David Shepardson WASHINGTON (Reuters) – A group representing major automakers on Friday urged the White House to oppose any effort by steelmaker Cleveland-Cliffs to buy rival U.S. Steel, warning that a deal could result in anti-competitive pricing for vehicles. “A consolidation of the two companies would also place 65 to 90% of steel used …

Automakers urge White House to oppose US Steel sale to Cleveland-Cliffs Read More »

(Reuters) – Texas attorney general Ken Paxton has opened an investigation into a supplier of parts for Boeing, Spirit AeroSystems Holdings Inc after what he said were recurring issues with certain of those parts, his office said on Thursday. On Monday, Boeing CEO Dave Calhoun announced he would leave by the end of the year, …

Texas attorney general opens investigation into parts supplier for Boeing Read More »

By Tetsushi Kajimoto TOKYO (Reuters) -Japanese monetary authorities made a last-minute decision to bring forward to Wednesday an emergency meeting on the weak yen that was originally scheduled for Thursday, to maximise the impact of arresting sharp yen falls, a source with knowledge of the matter told Reuters. The meeting, consisting of executives from the …

Japan brought forward emergency yen meeting to maximise market impact, source says Read More »

By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock market is off to a soaring start in 2024, as optimism over the economy and interest rate cuts has combined with exuberance about the business opportunity in artificial intelligence to stir up a potent cocktail for equities. The S&P 500 has climbed more than 10% so …

How the US stock market rocketed through the first quarter Read More »

By Daniel Wiessner (Reuters) – A federal judge in California on Thursday appeared poised to reject Tesla’s bid to toss out a U.S. agency’s lawsuit accusing the electric carmaker of tolerating rampant harassment of Black workers at its Fremont, California assembly plant. U.S. District Judge Jacqueline Scott Corley in San Francisco during a hearing repeatedly …

Tesla appears unlikely to nix US suit alleging bias against Black workers Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) -Blackwells Capital upped the pressure on Walt Disney in a long-running boardroom battle by suing the entertainment giant on Thursday for information that may point to possible disclosure violations in dealings with hedge fund ValueAct Capital. The suit, filed in a Delaware court, is the latest chapter in a …

Blackwells sues Disney over disclosure in relationship with ValueAct Read More »

By Abigail Summerville (Reuters) – Scrub Daddy, the kitchen sponge maker that gained popularity after securing an investment on U.S. TV show “Shark Tank,” is exploring options that include a sale of the company, according to people familiar with the matter. Scrub Daddy, which is backed by entrepreneur Lori Greiner, has hired JPMorgan Chase to …

Kitchen sponge maker Scrub Daddy explores sale, sources say Read More »