By Himanshi Akhand and Rishav Chatterjee (Reuters) -Australia’s Costa Group on Monday said U.S. private equity firm Paine Schwartz Partners had lowered its offer price to buy the company by over A$100 million, sending shares of the country’s largest fresh produce business down 4%. Costa, which in August reported a fall in its half-year earnings …
Costa Group falls most in 3-weeks as Pain Schwartz lowers buyout bid Read More »
(Reuters) -The state of California has sued major oil companies including Exxon Mobil Corp, Shell PLC, and Chevron Corp, accusing them of playing down the risks posed by fossil fuels, according to a court filing on Friday. The lawsuit, which also targets BP and ConocoPhillips, alleges the energy giants’ actions have caused tens of billions …
California sues oil giants for downplaying risks posed by fossil fuels Read More »
COPENHAGEN (Reuters) -Swedish defence equipment maker Saab said on Monday the U.S. Department of Defense has expanded a framework deal for AT4 anti-armour systems and Carl-Gustaf ammunition, and placed a new order worth $104.9 million for delivery from 2024 to 2026. The extension of the agreement, which was originally signed in 2019, will allow the …
Saab wins expanded U.S. contract for anti-armour system Read More »
By David Shepardson (Reuters) -The United Auto Workers strike against the Detroit Three automakers entered its third day on Sunday with no immediate resolution on the horizon. Union negotiators and representatives of General Motors, Ford and Stellantis were set to resume talks starting Sunday, following the start of the most ambitious U.S. industrial labor action …
UAW strike against Detroit Three automakers enters third day Read More »
By Nivedita Balu TORONTO (Reuters) -Bank of Montreal (BMO) is winding down its indirect retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada’s third-largest bank said. The bank, which announced the move on Saturday, has conducted this business in Canada …
Canada’s BMO to close indirect retail auto finance business, flags job losses Read More »
By Paul Lienert DETROIT (Reuters) – General Motors is at greater risk than rivals Ford Motor and Stellantis of disruption to electric vehicle production from a prolonged UAW strike – though some analysts say that could also buy it time to repair nagging issues. While Ford and Stellantis are introducing several revamped combustion-engine models this …
Lengthy UAW strike could buy GM time to address nagging EV issues Read More »
By David Shepardson and Joseph White (Reuters) -Negotiators for the United Auto Workers and Ford Motor had “reasonably productive discussions” toward a new contract, the union said on Saturday, while officials at Chrysler parent Stellantis said a proposal to resume work at an idled Illinois factory has fallen through. About 12,700 UAW workers remained on …
UAW cites ‘productive’ talks with Ford on second day of US auto strike Read More »
(Reuters) – The Federal Reserve is unlikely to raise interest rates at its Oct. 31-Nov. 1 meeting, Goldman Sachs strategists wrote on Saturday, while also forecasting the U.S. central bank would lift its economic growth projections when policymakers gather next week. “On November, we think that further labor market rebalancing, better news on inflation, and …
Fed unlikely to raise rates in November, says Goldman Sachs Read More »
(Reuters) -The United Auto Workers (UAW) union on Friday launched strikes at three U.S. auto plants after failing to reach an agreement over new contracts, the first-ever simultaneous labor action against the Detroit Three automakers. The UAW contracts at General Motors, Ford Motor and Chrysler parent Stellantis expired at 11:59 p.m. EDT on Thursday. Detroit …
Explainer-UAW strikes target Detroit Three automakers Read More »
By Kevin Krolicki, David Shepardson and Steve Holland DETROIT (Reuters) -The United Auto Workers said it plans to resume bargaining on Saturday after launching its first simultaneous strikes at General Motors, Ford Motor and Chrysler parent Stellantis, with effects of the limited shutdown starting to spread on Friday. The most ambitious U.S. industrial labor action …
UAW, automakers to resume talks as strike starts to create parts shortage Read More »
