By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase CEO Jamie Dimon blasted stricter capital rules proposed by U.S. regulators, telling investors on Monday that they could prompt lenders to pull back and stymie economic growth. “I wouldn’t be a big buyer of a bank,” Dimon said at a conference in New York, drawing laughter from …
JPMorgan CEO Jamie Dimon blasts draft capital rules Read More »
By David Randall NEW YORK (Reuters) – U.S. stock investors are turning their focus to next week’s inflation data, which could determine the near-term path of an equity rally that has wobbled in recent weeks. Signs the U.S. economy is on track for a so-called soft landing, where the Federal Reserve is able to bring …
Investor hopes for US soft landing ride on inflation data Read More »
(Reuters) – Chevron Corp started withdrawing contractor workers from its Gorgon liquefied natural gas (LNG) facility on Saturday, shortly after staff went on strike at two major projects in Australia, a union coalition said. “Chevron chartered a special flight this morning to Barrow Island to evacuate 50 blue and white collar contract crew off the …
Chevron pulls contract crew from Australia LNG project as strikes begin – unions Read More »
By Dawn Chmielewski (Reuters) – Football fans will be the next biggest losers if an epic battle between Walt Disney and Charter Communications fails to settle before the kickoff of Monday Night Football next week. ESPN and other Disney channels disappeared from Charter’s Spectrum cable service on Aug. 31, as contract negotiations reached an impasse. …
Charter-Disney cable TV dispute leaves some NFL, U.S. Open fans in the dark Read More »
By Bianca Flowers (Reuters) – The United Auto Workers union is leveraging the power of social media to attract public support in demanding substantial wage increases for hourly workers as a deadline looms with the Detroit Three automakers. UAW President Shawn Fain hasn’t held back on his rhetoric to call out General Motors, Ford and …
UAW union embraces social media as labor talks toughen ahead of deadline Read More »
By David Shepardson WASHINGTON (Reuters) -The National Transportation Safety Board said on Friday the February 2021 engine failure on a United Airlines Boeing 777 in Colorado was due to a crack in a fan blade and cited inadequate inspections as a contributing cause. Soon after the failure, the Federal Aviation Administration (FAA) ordered immediate inspections …
US NTSB cites inadequate inspections in 2021 United Airlines engine failure Read More »
By Ana Isabel Martinez MEXICO CITY (Reuters) -Mexico’s government expects the economy to grow by between 2.5% and 3.5% next year, in line with this year’s growth, according to a budget blueprint released on Friday that includes fresh taxpayer assistance for the country’s ailing state oil company. Latin America’s biggest economy after Brazil will likely …
Mexico sees similar economic growth next year, more help for Pemex Read More »
By David Shepardson (Reuters) -United Auto Workers President Shawn Fain said on Friday the union representing 146,000 workers wants a deal to avoid walkouts at the Detroit Three automakers but expects to go on strike against all of them next week if they do not improve their contract offers. With contracts set to expire next …
Auto workers reject Detroit Three contract offers, ready to strike Read More »
(Reuters) – Walmart Inc is exploring buying a majority stake in ChenMed, a closely held operator of primary care clinics for seniors, Bloomberg News reported on Friday. The companies are in talks for a deal that would value ChenMed at several billion dollars, Bloomberg reported, citing people familiar with the matter. A deal could still …
Walmart to explore buying majority stake in ChenMed -Bloomberg News Read More »
By Svea Herbst-Bayliss and Nupur Anand NEW YORK (Reuters) – Barclays hired Christian Oberle from JPMorgan Chase to oversee its relationships with private equity (PE)firms in the Americas region, Barclays confirmed on Friday. Oberle will join the British bank as the head of its financial sponsors group in the Americas, and report to Jean-Francois Astier, …
Barclays hires JPMorgan’s Oberle to oversee private equity relationships for Americas Read More »
