Reuters US Business

By Dan Burns (Reuters) – Deposits at U.S. commercial banks rose near the end of March for the first time in about a month, showing signs of stabilizing after the two largest bank failures since the financial crisis rocked the banking system and rattled depositors. Federal Reserve data released on Friday showed deposits at all …

Bank deposits edge up after record outflows, Fed data shows Read More »

By David Shepardson WASHINGTON (Reuters) – U.S. safety authorities said on Friday they are investigating whether an advanced driver assistance system was in use when a Tesla struck a 17-year-old student that exited a school bus in North Carolina. The National Highway Traffic Safety Administration (NHTSA) said Friday it would open the special crash investigation …

U.S. opens safety probe into Tesla that struck student in North Carolina Read More »

By Laila Kearney (Reuters) -A shortage of West Coast port workers has forced the busiest U.S. ocean trade gateway to largely shut on Friday, after months of strained labor negotiations between the union dock workers and their employers. A substantial number of ports of Los Angeles and Long Beach workers, including operators needed to load …

Top U.S. shipping gateway mostly closes due to port worker shortage – employer group Read More »

By David Shepardson WASHINGTON (Reuters) -Tesla is recalling just over 400 Model 3 vehicles in the United States because front suspension lateral link fasteners may loosen. Tesla will tighten or replace the lateral link fasteners to address the issue that could allow the lateral link to separate from the sub-frame on the recalled 2018 and …

Tesla recalls 422 U.S. vehicles over suspension part Read More »

By David Shepardson WASHINGTON (Reuters) -General Motors’ robotaxi unit Cruise LLC is recalling the automated driving software in 300 vehicles after one of its driverless vehicles crashed into the back of a San Francisco bus. The March 23 collision was the fault of a software error in a Cruise automated vehicle (AV) that inaccurately predicted …

GM’s Cruise recalls 300 self-driving vehicles to update software after bus crash Read More »

(Reuters) -McDonald’s Corp is cutting pay packages for some employees as part of a restructuring that includes layoffs and the shutting down of some offices, the Wall Street Journal reported on Friday, citing people familiar with the matter. Reuters on Monday reported that the number of corporate employees the company was planning to lay off …

McDonald’s cuts pay packages for some employees – WSJ Read More »

By Ricardo Brito (Reuters) -Giants of the orange juice trade in Brazil have become defendants in a class-action lawsuit seeking $2.5 billion in damages over an alleged scheme to fix prices between 1999 and 2006, a prosecutor told Reuters. Federal Prosecutor Karen Kahn said the Sao Paulo Court of Justice will hear claims in a …

Brazil prosecutors seek $2.5 billion in damages from alleged orange juice cartel Read More »

By Akriti Sharma and Abhirup Roy (Reuters) -Tesla cut prices in the United States between 2% and nearly 6%, its website showed on Thursday, as the company extends a discount drive on its electric vehicles that analysts caution could hurt profitability. The fifth such cut in Tesla’s largest market since the start of the year …

Tesla cuts US prices for fifth time since January Read More »

(Reuters) – Icelandair Group HF said on Friday it signed a provisional deal to purchase 13 of European planemaker Airbus SE’s latest A321XLR single-aisle jet, with deliveries slated to begin in 2029. As part of the deal, Icelandair has an option to purchase an additional 12 aircraft after buying 13 of Airbus’ newest and largest …

Icelandair signs deal for 13 Airbus A321XLR as it replaces Boeing 757s Read More »