(Reuters) – The U.S. auto regulator on Tuesday said Tesla will recall 54,676 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low brake fluid and not display a warning light. Tesla has released an over-the-air (OTA) software update, free of charge, to fix the issue, the National …
Tesla to recall nearly 55,000 Model X vehicles, auto regulator says Read More »
(Reuters) – U.S. auto safety regulators said on Tuesday they have opened a preliminary evaluation into about 594 vehicles of General Motors’ self-driving unit Cruise LLC. The National Highway Traffic Safety Administration (NHTSA) opened the probe after receiving reports of incidents in which vehicles equipped with Cruise’s Automated Driving System (ADS) may not have exercised …
US opens probe into 594 vehicles of GM’s Cruise LLC Read More »
By Luc Cohen NEW YORK -Sam Bankman-Fried directed that money from his Alameda Research hedge fund be used to make political donations after he learned the fund owed $13 billion to customers of his FTX cryptocurrency exchange, a former executive testified on Monday. Nishad Singh, the third former member of Bankman-Fried’s inner circle to testify …
(Reuters) -About 3,700 Detroit casino workers are set to strike on Tuesday noon, if a contract deal is not reached, the Detroit Casino Council (DCC) said on Monday. A strike will hit operations at MGM Grand Detroit operated by MGM Resorts International, MotorCity Casino and Hollywood Casino at Greektown operated by Penn Entertainment. On Sept. …
Thousands of Detroit casino workers threaten to go on strike on Tuesday Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes ended sharply higher on Monday as investors were optimistic about the start of earnings season, while transportation and small-cap shares also jumped. Market participants were monitoring the Israeli war in Gaza, but appeared to be taking more of a risk-on stance on Monday, with …
Wall Street ends up on earnings optimism; eyes remain on Middle East Read More »
(Corrects date of acquisition to May 2013 from May 2023 in paragraph four) By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Monday car-sharing firm Zipcar has agreed to pay a $150,000 fine after a government investigation found it allowed customers to rent vehicles with uncompleted recalls. Zipcar could be forced to pay …
US agency fines Zipcar for uncompleted recall rentals Read More »
(Reuters) – In 1923, Walt Disney left his failing animation company called Laugh-O-gram Films and used his last $40 to buy a train ticket to join his brother, Roy, in Los Angeles, where they began making animated films out of their uncle’s garage. The company they founded would become one of the most influential media …
Disney’s 100-year journey from garage studio to media empire Read More »
By Abinaya V and Dietrich Knauth (Reuters) -Debt-laden U.S. drugstore chain Rite Aid filed for bankruptcy protection late on Sunday and said it would close underperforming stores, sell its pharmacy benefit company Elixir and resolve lawsuits over its sale of addictive opioid medications. Rite Aid, one of the largest U.S. pharmacy retailers, stumbled under its …
Rite Aid files for bankruptcy faced with high debt, opioid lawsuits Read More »
By Chibuike Oguh NEW YORK (Reuters) – Lululemon Athletica’s stock jumped by more than 10% to an almost two-year high on Monday buoyed by the addition of the Canadian sportswear maker into the Wall Street benchmark S&P 500 index. Lululemon will replace Activision Blizzard in the S&P 500 index, effective before the market open on …
Lululemon shares hit nearly two-year high on S&P 500 inclusion Read More »
By Emma Rumney LONDON (Reuters) – Big Tobacco firms including British American Tobacco are selling heat sticks made from nicotine-infused substances such as rooibos tea, countering an incoming European Union ban on flavoured heated tobacco products. While the sticks mark a new way to inhale the addictive drug, health experts warn that their safety is …
Big Tobacco turns to rooibos tea to counter upcoming ban Read More »
