By Savyata Mishra (Reuters) -McDonald’s is raising royalty fees for new franchise restaurants in the U.S. and Canada for the first time in nearly three decades, according to a letter viewed by Reuters on Friday, bringing them on par with what it charges in other markets. The fees are being hiked to 5% from 4%, …
McDonald’s to raise royalty fees for new franchise restaurants in US, Canada Read More »
By David Shepardson (Reuters) – An auto industry group said on Friday carmakers do not plan to immediately comply with a Massachusetts law requiring them to share vehicle data with independent repair shops citing concerns about potential hacking. The National Highway Traffic Safety Administration (NHTSA) previously reversed course and said automakers could safely share diagnostic …
Carmakers will not immediately comply with Massachusetts data repair law Read More »
By David Randall NEW YORK (Reuters) – A hawkish stance from the Federal Reserve, soaring Treasury yields and a looming government shutdown are adding to a cocktail of risks that has spooked investors and clouded the outlook for U.S. equities. U.S. stocks have slid more than 6% from their late July highs, and the past …
Fed-wary investors eye mounting risks to US stock rally Read More »
By Sinéad Carew (Reuters) – Shares in real estate companies fell on Friday, adding to a massive sell-off the previous day, when bond yields jumped to their highest levels in 16 years after the Federal Reserve signaled that U.S. interest rates would stay high for longer. The S&P 500 real estate index lost 0.7% on …
(Reuters) -U.S. auto safety regulators said on Friday they are investigating about 240,000 of 2018-2021 Ford EcoSport vehicles after consumer complaints alleging oil pump failure. The investigation was opened on September 20 by the National Highway Traffic Safety Administration’s (NHTSA) Office of Defects Investigation, the NHTSA said. It said it had received 95 complaints alleging …
US opens probe into about 240,000 Ford EcoSport vehicles -NHTSA Read More »
(Reuters) -Faraday Future Intelligent Electric on Thursday named company insider Matthias Aydt its new global CEO, effective Sept. 29, as the troubled EV maker focuses on boosting production and generating revenue. Aydt, who has been with Faraday Future for over seven years, will replace Xuefeng Chen, who took the top job at the company in …
Faraday Future names insider Matthias Aydt its new global CEO Read More »
MEXICO CITY (Reuters) -A U.S. trade official stressed Mexico’s need to address “serious concerns” from the United States of its energy measures, which were raised during consultations under a regional trade pact, the U.S. Trade Representative’s (USTR) office said on Thursday. Deputy Trade Representative Jayme White, who met with her Mexican counterpart Alejandro Encinas in …
Mexico must address US’ ‘serious concerns’ over energy measures, USTR says Read More »
By Luc Cohen NEW YORK (Reuters) – A U.S. judge on Thursday restricted Sam Bankman-Fried’s ability to call expert witnesses to testify at his criminal fraud trial, in a blow to the FTX cryptocurrency exchange founder. Bankman-Fried wanted to call seven experts on topics such as cryptocurrency markets and English contracts, to convince jurors to …
Bankman-Fried’s expert witnesses rejected by judge Read More »
MEXICO CITY (Reuters) -Mexican cement maker Cemex is in talks to refinance its $3 billion credit facility with banks, the company confirmed to Reuters on Thursday. Bloomberg first reported the news, citing interviews with company executives. “We’re in current discussions with our banks, because the biggest amount of debt that is maturing is bank debt,” …
Mexico’s Cemex in talks with banks over $3 billion debt refinancing Read More »
By Jonathan Stempel NEW YORK (Reuters) – A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they paid on a popular municipal bond. U.S. District Judge Jesse Furman in Manhattan rejected efforts by Bank of America, Barclays, Citigroup, Goldman Sachs, JPMorgan Chase, …
Eight big banks must face US cities’ bond collusion claims Read More »
