Reuters US Business

By Arathy Somasekhar FREEPORT, Texas (Reuters) -Texas residents grilled U.S. energy regulators on Saturday over their supervision of liquefied natural gas processing plants at a meeting to discuss conditions at the fire-idled Freeport LNG plant. The second-largest U.S. liquefied natural gas (LNG) export facility was knocked offline by a fiery blast last June and operations …

U.S. energy regulators questioned on oversight of Freeport, Texas, LNG plant Read More »

BOGOTA (Reuters) – Low-cost Colombian airline Viva Air has voluntarily started a local debt restructuring process, the company said late on Friday, as it awaits authorization of its merger with Avianca airlines. Viva Air said in a statement that it made the decision to start the Business Recovery Process (known by the Spanish acronym PRE) …

Colombian airline Viva Air weighs local restructuring process Read More »

By Brendan O’Boyle (Reuters) – Risks over El Salvador’s embrace of bitcoin “have not materialized,” but use of the cryptocurrency still requires transparency and attention, the International Monetary Fund (IMF) said Friday in a statement after a visit to the Central American country. “Given the legal risks, fiscal fragility and largely speculative nature of crypto …

IMF says El Salvador’s bitcoin risks have not materialized but ‘should be addressed’ Read More »

By David Lawder WASHINGTON (Reuters) – U.S. chief agricultural trade negotiator Doug McKalip wants China to keep striving to meet U.S. farm goods purchase commitments under the 2020 “Phase 1” trade deal, but told Reuters that he also is pushing to diversify exports beyond the biggest U.S. grain customer. In his first media interview on …

New U.S. agriculture trade chief seeks to diversify buyers beyond China Read More »

By David French, Anirban Sen and Milana Vinn NEW YORK (Reuters) – Banking and payments conglomerate Fidelity National Information Services Inc is making preparations to break up, undoing a $43 billion acquisition it completed four years ago, people familiar with the matter said on Friday. FIS plans to pursue a tax-free spin-off of its merchant …

Exclusive-Payments giant FIS prepares to break up-sources Read More »

BERLIN (Reuters) – The boss of Google’s search engine warned against the pitfalls of artificial intelligence in chatbots in a newspaper interview published on Saturday, as Google parent company Alphabet battles to compete with blockbuster app ChatGPT. “This kind of artificial intelligence we’re talking about right now can sometimes lead to something we call hallucination,” …

Google cautions against ‘hallucinating’ chatbots – report Read More »

By David Shepardson WASHINGTON (Reuters) -A group representing major U.S. airlines “strongly urged” the Federal Aviation Administration (FAA) to extend a proposed deadline to June 2024 to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference. Airlines for America (A4A), which represents American Airlines, Delta Air Lines, United Airlines and others …

U.S. airlines urge FAA to extend 5G upgrade deadline Read More »

(Reuters) -Bed Bath & Beyond’s Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a U.S. bankruptcy. The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on …

Bed Bath & Beyond to wind down Canada operations Read More »

(Reuters) – Bed Bath & Beyond Inc has managed to stay afloat for now after raising cash to fund its operations. The company, which was on the verge of filing for bankruptcy, found temporary relief on Tuesday after it raised about $225 million in an equity offering and said it might get another $800 million …

Bed Bath & Beyond’s roller-coaster ride to potential bankruptcy  Read More »