By David Shepardson WASHINGTON (Reuters) -Truck engine maker Cummins Inc has agreed in principle to pay a $1.675 billion fine for installing devices on hundreds of thousands of engines to allow them to emit excess pollution, the largest-ever civil penalty for a Clean Air Act violation, the U.S. Justice Department said on Friday. The Department …
Cummins to pay record-setting $1.675 billion US environmental fine Read More »
(Reuters) – Union Pacific said on Friday that it was informed by the authorities that railroad crossings in two Texas border towns would reopen this afternoon, nearly a week after U.S. border officials closed two rail bridges. The U.S. Customs and Border Protection had announced a temporary suspension of operations at the international railway crossing …
Union Pacific informed Mexican border railroad crossings to be reopened Read More »
By Katherine Masters NEW YORK (Reuters) – Last-minute shoppers looking for late deals ahead of Christmas may find smaller discounts and fewer items marked down at major retailers including Macy’s, Target and Ulta Beauty, according to an analyst and two datasets measuring retailers’ recent prices. After ramping up promotions for Black Friday, some of the …
Not so ‘Super’ Saturday: Retailers dangle fewer discounts for inflation-weary shoppers Read More »
(Reuters) – Bankrupt crypto exchange FTX and its debtors on Friday said they have entered into a settlement agreement with founder Samuel Bankman-Fried and others to resolve some claims related to its acquisition of stock trading platform Embed. The settlement agreement is between Bankman-Fried, and former FTX executives Nishad Singh and Gary Wang. The FTX …
FTX debtors settle some claims over Embed deal with Sam Bankman-Fried, others Read More »
(Reuters) -The Washington Post Guild has reached a tentative agreement with the publisher, the union said in a post on social media platform X on Friday. “We have reached a comprehensive tentative agreement on a new three-year contract with the Guild,” a spokesperson for the Washington Post said. The news organization said it hopes the …
Washington Post Guild reaches tentative agreement with publisher Read More »
By Scott DiSavino NEW YORK (Reuters) – The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs. The offshore wind industry is expected to play a major role in helping several states and U.S. …
US offshore wind poised for success next year after turbulent 2023 Read More »
(Reuters) – Warren Buffett-led Berkshire Hathaway has acquired 5.2 million shares of Occidental Petroleum Corp, bringing its stake in the oil company closer to 28%, according to a regulatory filing on Thursday. Berkshire purchased the shares between Dec. 19 and Dec. 21 for about $312.1 million, with its stake in Occidental totaling to 27.7%, a …
Berkshire Hathaway boosts stake in Occidental Petroleum to about 28% Read More »
(Reuters) – Morgan Stanley’s outgoing CEO James Gorman said financial markets will “take off” once investors are sure the Federal Reserve has finished raising interest rates, the Financial Times reported on Friday. “The shock of the rate increase recently has put a damper on banking deals (and) capital markets deals. And that is (because) everybody …
Morgan Stanley’s outgoing CEO says markets will take off after rate cuts- FT Read More »
By Emilio Parodi MILAN (Reuters) – An Italian tax claim against Facebook parent Meta has been escalated to the EU Commission’s VAT committee for evaluation, three sources with direct knowledge of the matter told Reuters, in a test case for how the tech sector is taxed. The U.S. corporation, which also owns the Instagram, WhatsApp …
EU Commission examines Italy’s tax case against Meta – sources Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed higher on Thursday, winning back much of the previous day’s losses, as economic data fueled optimism that the Federal Reserve would ease monetary policy and revived investor risk appetite. All three major U.S. stock posted gains as chips surged, led by Micron Technology after its …
Wall St ends sharply higher, rebounding with a boost from chips Read More »
