TOKYO (Reuters) -Panasonic Energy, a unit of Panasonic Holdings, said on Wednesday Oklahoma was no longer a candidate for a new electric vehicle battery plant in the United States. The decision by the battery supplier to EV maker Tesla came after the company in April said it was considering building a plant in Oklahoma, its …
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By David Shepardson and Valerie Insinna ARLINGTON, Virginia (Reuters) – The Federal Aviation Administration has no “specific timetable” to certify the Boeing 737 MAX 7, the agency’s top official told Reuters on Tuesday, despite the planemaker previously expecting that to occur by the end of this year. FAA Administrator Michael Whitaker said the agency will …
FAA has no ‘specific timetable’ to approve Boeing 737 MAX 7 -administrator Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street extended its rally on Tuesday, advancing on the day as last week’s dovish policy pivot from the Federal Reserve continued to reverberate and investors looked ahead to crucial inflation data. Broad-based gains boosted all three major U.S. stock indexes and nudged the S&P 500 to within one …
Wall Street ends higher as rate-cut fever lingers Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding surged to more than a 1-1/2-year high in November and could gain further momentum, with declining mortgage rates and incentives from builders likely to draw potential buyers back into the housing market. The report from the Commerce Department on Tuesday also showed permits for future construction …
US single-family housing starts scale more than 1-1/2-year high Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -Negotiators for pilots at Southwest Airlines have reached an agreement in principal with the company for a new contract, the union said on Tuesday, adding that the union’s board still needs to decide whether to send the deal to members for a ratification vote. The Southwest Airlines Pilots Association …
Southwest Airlines pilots have agreement in principal for contract, union says Read More »
(Reuters) -FedEx cut its full-year revenue forecast on Tuesday after United Parcel Service clawed back customers lost during its tumultuous labor negotiations. FedEx now expects low-single-digit percentage decline in revenue year over year, compared to the prior forecast of about flat revenue growth. The company’s shares fell 6.7% to $261.38 after the bell. FedEx, which …
WASHINGTON (Reuters) – U.S. Bank will pay $36 million over allegations the company illegally blocked out-of-work consumers from accessing unemployment benefits during the coronavirus pandemic, top federal banking regulators announced on Tuesday. At the onset of the COVID-19 pandemic, U.S. Bank had contracts with at least 19 states and the District of Columbia to deliver …
U.S. Bank to pay $36 million for illegal pandemic conduct Read More »
(Reuters) -The Teamsters union said on Tuesday it has reached a tentative agreement with about 1,100 DHL Express workers at the delivery company’s main U.S. air hub, ending a 12-day strike that began earlier this month during the busy holiday season. The contract, yet to be ratified by the Teamsters-represented workers, includes provisions for enhanced …
DHL Express US air hub workers reach tentative deal with Teamsters union Read More »
ZURICH (Reuters) -Cevian Capital has taken a 1.3% stake in UBS, worth around 1.2 billion euros ($1.31 billion), the activist investor group said on Tuesday, betting on a two-fold recovery of its shares following the takeover of Credit Suisse. UBS shares have risen by 47% this year, outpacing the Swiss market index, which has risen …
Activist Cevian takes 1.3% stake in UBS, bets shares may double in value Read More »
By Svea Herbst-Bayliss (Reuters) -Activist investor Carl Icahn said on Monday that he plans to oust directors at Illumina, laying the groundwork for a second board challenge at the gene-sequencing company months after shareholders elected one of his director candidates. Icahn disclosed his plans without offering details in a letter to other shareholders less than …
Activist Icahn prepares a second board challenge at Illumina -letter Read More »
