By Sruthi Shankar, Shristi Achar A and David Carnevali (Reuters) – The S&P 500 closed higher on Friday but off session highs, as a Tesla rally failed to galvanize the broader market on the eve of the Federal Reserve’s policy meeting and inflation data next week. Tesla Inc shares climbed 4.06%, clinching their longest winning …
By Dietrich Knauth NEW YORK (Reuters) -A U.S. judge on Friday dismissed the bankruptcy of 3M subsidiary Aearo Technologies, rejecting an effort to resolve nearly 260,000 lawsuits alleging that 3M military earplugs caused hearing loss for veterans and U.S. service members. U.S. Bankruptcy Judge Jeffrey Graham in Indianapolis ruled that Aearo, as a well-supported subsidiary …
US judge rejects 3M effort to resolve earplug lawsuits in bankruptcy Read More »
By David Shepardson and Lisa Baertlein (Reuters) -The largest U.S. business group on Friday urged President Joe Biden him to intervene immediately and appoint an independent mediator to address a protracted West Coast ports labor dispute. West Coast ports stretching from California to Washington state are critical to U.S. supply chains and the nation’s economy. …
Business group urges Biden to intervene in West Coast ports labor dispute Read More »
(Reuters) – Onex Corp’s WestJet and pilots at its budget carrier Swoop ratified a new four-year agreement for pay hikes and job security, the Air Line Pilots Association International (ALPA) said on Friday. As negotiated in the agreement, WestJet said it will begin integrating the ultra-low-cost airline into its mainline operations by the end of …
WestJet ratifies contract with Swoop pilots, to integrate airline into main ops Read More »
(Reuters) – Daily U.S. sign-ups for Netflix have jumped in the first few days after the streaming giant’s password-sharing crackdown came into effect on May 23, data from research firm Antenna showed. The news sent shares of the company up 2.3% to $418.92 in early trading. Looking for new ways to make money in a …
Netflix sign-ups jump as U.S. password sharing crackdown kicks off – data Read More »
By Dmitry Zhdannikov, Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its own oil output during a weekend of OPEC+ talks in Vienna, several OPEC+ sources told Reuters, with some member states only learning about the reduction from the final news conference. …
Analysis-Inside OPEC+, Saudi ‘lollipop’ oil cut was a surprise too Read More »
By David Shepardson and Joseph White (Reuters) -General Motors will join Ford in adopting Tesla’s North American charging plug standard and give GM electric-vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM’s move, which follows a similar decision by Ford to embrace Tesla’s charging plug standard, means three of …
GM embraces Tesla’s EV charging system, Wall Street cheers Read More »
By Lewis Jackson SYDNEY (Reuters) -Australia’s third-largest pension fund on Friday put on hold new work with PricewaterhouseCoopers (PwC) Australia, the fourth fund to freeze out the firm over its misuse of confidential government tax plans. The A$150 billion ($100 billion) Aware Super said it had temporarily frozen new contracts with PwC “out of an …
Fourth pension fund freezes work with PwC Australia over gov’t tax plan leak Read More »
WASHINGTON (Reuters) – The Biden administration has submitted draft legislation to Congress that would mandate airlines pay cash compensation for delays of three hours or more when carriers are responsible. The proposal seen by Reuters would require “cash compensation in an amount commensurate with the inconvenience experienced” when a delay or cancellation is due in …
Biden administration wants Congress to mandate flight delay compensation Read More »
By Akash Sriram (Reuters) -GameStop fell about 19% on Thursday and was set for its worst session in two years after the surprise exit of a CEO handpicked to lead its online expansion fanned concerns about the videogame retailer’s ailing business. The ousting of former Amazon.com executive Matt Furlong came alongside top shareholder Ryan Cohen’s …
GameStop shares plummet after fifth CEO exit in 5 years Read More »
