(Reuters) – General Motors on Monday said it was laying off nearly 200 additional workers due to the United Auto Workers strike, adding a sixth impacted plant. The Detroit automaker last week said about 2,100 workers had been impacted by the strike of two of its assembly plants in Missouri and Michigan and 18 parts …
By Howard Schneider and Ann Saphir DALLAS (Reuters) -Top ranking Federal Reserve officials indicated Monday that rising yields on long-term U.S. Treasury bonds, which directly influence financing costs for households and businesses, could steer the Fed from further increases in its short-term policy rate and substitute the work done by financial markets for formal monetary …
Top Fed officials nod to higher bond yields as cause for caution on rates Read More »
By Andrea Shalal and David Lawder MARRAKECH, Morocco (Reuters) -The World Bank on Monday urged a “rapid de-escalation” of the fighting in Israel and Gaza as the violence cast a pall over the start of the bank’s annual meetings with the International Monetary Fund in Morocco. An internal World Bank memo seen by Reuters cited …
World Bank urges cooling of Israel-Gaza conflict as annual meetings start Read More »
By Gary McWilliams HOUSTON (Reuters) -The head of Exxon Mobil’s shale oil and gas business, a unit involved in merger talks with rival Pioneer Natural Resources, was arrested at a Texas hotel last week on a sexual assault charge, police said. David Scott, an Exxon senior vice president who oversees all its shale oil and …
Head of Exxon’s shale oil business faces sexual assault charge in Texas Read More »
By Joseph White and David Shepardson DETROIT (Reuters) – The United Auto Workers held off on additional strikes against Detroit Three auto plants on Friday, citing General Motors’ unexpected willingness to allow workers at joint-venture battery plants to be covered by union contracts. GM’s concession could be critical if rivals Ford Motor and Chrysler parent …
UAW says its ‘strike is working,’ holds off on more walkouts Read More »
LONDON (Reuters) -Oil surged, along with European defence stocks, while airline shares plunged after Israel pounded the Palestinian enclave of Gaza in retaliation for one of the bloodiest attacks in its history, unleashing fears of a wider Middle East conflict. Fighters from Islamist group Hamas killed 700 Israelis and abducted dozens more as they attacked Israeli towns …
By Michael Erman (Reuters) -Bristol-Myers Squibb on Sunday said it will acquire cancer drugmaker Mirati Therapeutics for up to $5.8 billion, diversifying its oncology business and adding drugs it hopes can help offset expected lost revenue from patent expirations later this decade. Bristol will pick up Mirati’s portfolio drugs that target the genetic drivers of …
Bristol-Myers Squibb to acquire Mirati in up to $5.8 billion deal Read More »
By Maggie Fick LONDON (Reuters) – Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are investing billions of dollars to expand or build factories that fill the injection pens used to administer treatments like Novo Nordisk’s Wegovy. Interviews with a dozen company executives, analysts and investors showed pharmaceutical services companies …
Weight-loss drugs fuel boom for firms that fill syringes Read More »
(Reuters) – Bahrain, Iraq, Kuwait, Oman, Saudi Arabia and the United Arab Emirates reaffirmed their commitment to “collective and individual voluntary adjustments” to oil production, the Saudi state news agency said on Sunday. The oil ministers of the six countries met on the sidelines of the U.N. MENA climate week event in Riyadh on Sunday. …
MARRAKECH, Morocco (Reuters) – The International Monetary Fund on Sunday said it was closely monitoring developments in Israel and Gaza, and it was too early to assess any economic impact. “We are deeply saddened by the loss of life. We are monitoring this concerning situation closely,” an IMF spokesperson said, adding that it was too …
IMF closely monitoring situation in Israel, Gaza Read More »
