Reuters US Business

By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that the Internal Revenue Service will be able to electronically accept 20 additional tax forms by early 2024, but warned its progress in modernizing systems and improving customer service would be hurt if Congress cuts the tax agency’s funding. In remarks …

Yellen says Republicans’ IRS funding cut would hurt customer service goals Read More »

By Pete Schroeder WASHINGTON (Reuters) -The U.S. regulator charged with overseeing the Federal Home Loan Banks said in a report on Tuesday the system is overdue for an overhaul in its mission and structure. The Federal Housing Finance Agency emphasized in the report that there needs to be a clearer distinction between the purpose of …

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(Reuters) -Elon Musk’s artificial intelligence startup xAI will be integrated into his social media platform X and also be available as a standalone app, he said on Sunday in a post. The billionaire also said xAI released its first AI model, a bot named Grok, after making it available to all X Premium+ subscribers on …

Musk to integrate xAI with social media platform X Read More »

By Hadeel Al Sayegh and Yousef Saba DUBAI (Reuters) -Saudi Aramco on Tuesday reported a 23% fall in third-quarter net profit, marginally beating analyst estimates, on lower crude oil prices and volumes sold. Net profit fell to $32.6 billion for the quarter to Sept. 30 from $42.4 billion a year earlier. That topped the $31.8 …

Saudi Aramco net profit drops 23%, shares flat Read More »

(Reuters) -The United Auto Workers (UAW) union on Monday said members at the General Dynamics plants at Ohio, Michigan and Pennsylvania have voted to ratify a new tentative agreement. The vote was ratified with 74% members in favor of the new four-year deal, which provides a 14% wage hike, protection against inflation, reduces the time …

UAW members at General Dynamics plants ratify new tentative agreement Read More »

By Maria Martinez BERLIN (Reuters) -German industrial production fell more than expected in September, data showed on Tuesday, as a recent slump in incoming orders took its toll on production. Production fell in September by 1.4% compared with the previous month, the federal statistics office said. Analysts polled by Reuters had predicted a 0.1% decline. …

German industrial output falls further than forecast in September Read More »

(Reuters) – French IT consulting group Capgemini on Tuesday posted a 1.3% fall in third-quarter revenue at current exchange rates, including 4% fall in North America, its second-biggest market. “It is due both to an environment in which cost cuts are more coveted in the technological market in the United States, and I would also …

Capgemini Q3 revenue falls after decline in North America Read More »

By Jonathan Stempel (Reuters) – General Electric’s aerospace unit agreed on Monday to pay $9.4 million to settle federal government claims that a Massachusetts plant sold parts to the U.S. Army and Navy that were not properly inspected or did not meet specifications. The U.S. Department of Justice said GE Aerospace’s plant in Lynn, Massachusetts, …

GE settles US claims it sold improperly inspected parts to Army, Navy Read More »

LONDON (Reuters) – Big U.S. investors at the top five western oil firms’ shareholder meetings this year rebuffed an activist group’s resolutions to align their emission targets with the Paris climate pact, in contrast to some European peers, voting data showed. Netherlands-based activist group Follow This was created first to target Shell and subsequently expanded …

U.S. investors rebuff big oil climate shareholder resolutions Read More »