Reuters US Business

By Anirban Sen and Abigail Summerville NEW YORK (Reuters) -Hostess Brands Inc, the maker of Twinkies snack cakes, is exploring a sale after fielding takeover interest from major snack food makers, people familiar with the matter said on Friday. Hostess became an acquisition target after it raised prices on some of its products to boost …

Exclusive-Twinkies maker Hostess Brands explores sale amid takeover interest -sources Read More »

By Davide Barbuscia and David Randall NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell on Friday did little to dissuade markets from the “higher for longer” mantra for rates that has driven up Treasury yields in recent weeks, leaving some investors looking for more cautious bets in case the economy is unable to escape a …

Analysis-Powell’s ‘higher for longer’ mantra fans investor caution over economy Read More »

By Tim McLaughlin and Tom Hals (Reuters) – Hawaiian Electric’s CEO received an annual bonus last year tied to profit, worker safety and bolstering the supply of renewable energy, but not linked specifically to reducing wildfire risk, according to a Reuters review of company disclosures. The state’s largest utility is being investigated over its role …

Hawaiian Electric CEO’s bonus lacked incentive to cut wildfire risk, documents show Read More »

By David Shepardson WASHINGTON (Reuters) -The death of an airline employee in December and another serious injury prompted the Federal Aviation Administration (FAA) to issue a safety alert on Friday to airlines in an effort to prevent more incidents. The safety alert reiterates  that  ”it is important for  workers  to  remain clear of operating  engines until …

Worker death prompts US FAA to issue aviation ground safety alert Read More »

By Julia Payne BRUSSELS (Reuters) – Global energy trader Gunvor’s first-half net profit slipped to $803 million from $841 million a year earlier, it said on Friday, citing lower price volatility in gas and oil markets, while it more than doubled a provision set aside for a potential U.S. fine. The United States Department of …

Energy trader Gunvor more than doubles provision for US fine Read More »

(Reuters) – An oil and gas industry trade group, the state of Louisiana and Chevron on Thursday sued the Biden administration over its decision to withdraw acreage from an upcoming oil and gas lease sale in the Gulf of Mexico to protect an endangered whale. The suit is the latest dispute between the oil and …

Oil companies sue U.S. over Gulf auction changes meant to protect whale Read More »

By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department sued Elon Musk-owned rocket and satellite company SpaceX on Thursday for allegedly discriminating against asylum recipients and refugees in hiring. “The lawsuit alleges that, from at least September 2018 to May 2022, SpaceX routinely discouraged asylees and refugees from applying and refused to hire or consider …

US sues SpaceX, alleges hiring discrimination against asylum recipients, refugees Read More »

By Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) – European Central Bank policymakers are increasingly concerned about deteriorating growth prospects and, while the debate is still open, momentum for a pause in its rate hikes is building, eight sources with direct knowledge of the discussion said. The ECB has raised rates at each of its past …

Momentum growing for ECB rate hike pause as growth falters -sources Read More »

STOCKHOLM (Reuters) -Sweden’s Ericsson predicted on Friday intellectual property rights (IPR) licensing income of 11 billion Swedish crowns ($1 billion) this year after it renewed a patent cross-licensing agreement with China’s Huawei. The telecom gear maker’s renewed multi-year deal with its Chinese rival grants both companies global access to each other’s patented, standardized technologies, it …

Ericsson sees IPR licensing revenues of $1 billion this year Read More »

(Reuters) -ANZ Group and Suncorp Group said on Friday that they have filed separate applications to seek a tribunal review after Australia’s competition regulator recently blocked ANZ’s $3.2 billion buyout of Suncorp’s banking arm. Earlier this month, the Australian Competition and Consumer Commission (ACCC) raised concerns that the tie-up would worsen competition and “further entrench …

Australia’s ANZ Group and Suncorp seek review of $3.2 billion deal block Read More »