Reuters US Business

By David Shepardson WASHINGTON (Reuters) -U.S. auto safety investigators on Tuesday said they are opening an investigation into 346,000 Ford Escape sport utility vehicles because a weld in the door assembly may fail, potentially resulting in a door inadvertently opening while driving. The National Highway Traffic Safety Administration has received 118 questionnaires alleging a failure …

U.S. investigates 346,000 Ford Escape SUVs over door issues Read More »

WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren, a Democrat and frequent merger critic, joined three other lawmakers on Tuesday to urge the Defense Department to thoroughly review defense contractor L3Harris Technologies’ $4.7 billion deal for Aerojet Rocketdyne Holdings. The Defense Department is influential with the antitrust agencies on decisions about approving deals that touch on …

US Senator Warren, others warn against L3Harris plan to buy Aerojet Read More »

SYDNEY (Reuters) – An Australian court signed off on a A$450 million ($300 million) fine for Blackstone-owned owned casino operator Crown Resorts for breaking anti-money laundering laws, ending the darkest chapter in the company’s history. The company, dominated by billionaire founder James Packer before he agreed to sell last year, agreed to the payment in …

Australia court approves $300m money laundering fine for Blackstone’s Crown Resorts Read More »

PARIS (Reuters) – French automaker Renault said on Tuesday worldwide sales of its flagship brand rose 11% in the first half of the year to 770,807 units, extending a rebound after four years of declines. The increase marks an acceleration from the 9% growth in sales reported in the first quarter of 2023. In 2022 …

Renault brand sales up 11% in first half Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended higher on Monday following last week’s losses, while Federal Reserve officials’ comments bolstered the view that the U.S. central bank may be near the end of its tightening cycle. The S&P 500 added to slight gains before the close, with caution prevailing for much of …

Wall St ends up; investors digest Fed official comments Read More »

By David Lawder WASHINGTON (Reuters) -The World Bank on Monday named 15 chief executive officers including financiers and asset managers to a group launched by the lender’s president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries. The “Private Sector Investment Lab” will begin work in …

World Bank names CEOs to help bring private funds to climate, development finance Read More »

By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department on Monday sought to block a judge’s order that barred some federal agencies and officials from communicating with social media firms about moderating content on their platforms in a decision stemming from a Republican-backed lawsuit against President Joe Biden’s administration. The department asked the New Orleans-based …

US seeking to block curbs on government contact with social media firms Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors are piling into bullish options bets on the shares of Rivian Automotive, with some market participants saying the buying has helped the electric vehicle (EV) maker’s stock notch a record nine-day winning streak. Rivian shares, which took off last week after the company reported better-than-expected quarterly …

Rivian options buyers may be helping drive stock higher Read More »

By David Shepardson (Reuters) -The United Auto Workers union said on Monday it will open contract talks with Detroit’s Big Three automakers starting on Thursday, ahead of the mid-September expiration of the current four-year labor deal. The union said talks will open on Thursday with Chrysler-parent Stellantis, on Friday with Ford Motor and on July …

UAW to open contract talks with Detroit Three automakers on Thursday Read More »