Reuters US Business

By Chris Prentice and Tyler Clifford (Reuters) -U.S.-based manufacturer Honeywell International Inc on Monday said it has agreed to pay about $200 million to settle criminal and civil corruption investigations in the United States and Brazil. The U.S. Justice Department and U.S. Securities and Exchange Commission (SEC) each announced the resolution of parallel investigations relating …

Honeywell to pay about $200 million to settle U.S., Brazilian bribery charges Read More »

WASHINGTON (Reuters) – The U.S. Treasury Department said Monday it will issue proposed guidance for critical minerals and battery components requirements in March – a key component of the $7,500 electric vehicle tax credit overhauled by Congress. That decision means electric vehicles that are not in compliance with battery sourcing rules could be eligible for …

U.S. to release EV tax credit battery minerals, component rule in March Read More »

By Sinéad Carew and Sruthi Shankar (Reuters) – Wall Street equities closed lower on Monday for a fourth straight session with Nasdaq leading declines as investors shied away from riskier bets, worried the Federal Reserve’s tightening campaign could push the U.S. economy into a recession. The three major U.S. stock indexes have been pressured since …

Wall Street falls fourth straight day as recession worries nag Read More »

HOUSTON (Reuters) – Refiner Citgo Petroleum is on track for a $2.5 billion profit this year, which it plans to use for repaying debt and invest in the reliability of its operations, the board that supervises the Houston-based company said on Monday. Citgo, owned by Venezuela’s state company PDVSA but controlled by an interim government …

Citgo Petroleum on track for $2.5 billion profit in 2022 – supervisory board Read More »

(Corrects premium percentage in paragraph 3 to 5.7%, not 6.5%) (Reuters) – U.S. defense contractor L3Harris Technologies Inc said on Sunday it would buy Aerojet Rocketdyne Holdings Inc in a $4.7 billion all-cash transaction, as it looks to tap into rising demand for missiles amid the Ukraine conflict. Reuters had first reported on Saturday that …

Defense firm L3Harris to buy Aerojet for $4.7 billion with eye on missile demand Read More »

By Tom Wilson, Angus Berwick and Elizabeth Howcroft LONDON (Reuters) – The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token. The exchange said it dealt with net outflows of around $6 billion over 72 hours …

Special Report-Binance’s books are a black box, filings show, as crypto giant tries to rally confidence Read More »

(Reuters) -Oreo maker Mondelez International Inc said on Monday it had agreed to sell its gum business, including brands such as Trident and Dentyne, in the United States, Canada and Europe to Perfetti Van Melle Group for $1.35 billion. Perfetti Van Melle, the European gum and confectionery maker behind brands such as Mentos, Alpenliebe and …

Mondelez to sell gum business in developed markets for $1.35 billion Read More »

By Stella Qiu and Praveen Menon CAMPBELLTOWN, Australia (Reuters) – Belinda has applied for more than 100 rental homes in the past year and been rejected every time. The 39-year-old Australian single mother of four now lives in an temporary shelter in Campbelltown, southwest of Sydney, and has six months to find a home that …

Australia’s housing crisis, largely hidden, is getting worse Read More »

BERLIN (Reuters) – The CEO of Uniper has asked shareholders to approve a planned bailout by Berlin that will cost more than 50 billion euros ($52.91 billion), warning that the stricken German gas trader will otherwise have to consider filing for insolvency. Ahead of Monday’s extraordinary shareholder meeting in Duesseldorf, Chief Executive Klaus-Dieter Maubach said …

Back bailout or risk losing it all, Uniper boss tells shareholders Read More »

By Erwin Seba WASHINGTON, Kan. (Reuters) – Farmer Bill Pannbacker got a call earlier this month from a representative from TC Energy Corp, telling him that its Keystone Pipeline, which runs through his farmland in rural Kansas, had suffered an oil leak. But he was not prepared for what he saw on his land, which …

Keystone cleanup turns remote Kansas valley into a small town Read More »