Reuters US Business

(Reuters) – The Biden administration’s sale of offshore wind development rights off the coast of California drew $757.1 million in high bids from developers seeking a foothold in the domestic industry’s expansion to the Pacific Ocean. The auction, which began on Tuesday and stretched into Wednesday, is part of the administration’s plan to put wind …

California offshore wind auction ends with $757.1 million in high bids Read More »

(Reuters) – Turkey’s MNG Airlines will list on the New York Stock Exchange through a merger with Golden Falcon Acquisition Corp, a special purpose acquisition company (SPAC), the Turkish cargo carrier said on Wednesday. The merger has a pro-forma enterprise value of $676 million, and has been approved by the boards of both the companies, …

Turkey’s MNG Airlines to go public on NYSE Read More »

TOKYO (Reuters) -Microsoft has entered into a 10-year commitment to bring the gaming title “Call of Duty” to Nintendo platforms, the chief executive officer of Microsoft Gaming, Phil Spencer, said in a post on Twitter on Wednesday. The agreement will bring the popular first-person shooter series from Activision Blizzard to Nintendo game consoles for the …

Microsoft to bring Call of Duty to Nintendo, Sony on the spot Read More »

By Lewis Jackson SYDNEY (Reuters) -Key regional airlines said on Wednesday they expected to continue scheduled flights with New Zealand, which is beginning to ration jet fuel after a recent shipment failed government tests. Airlines are being told that jet fuel supplies at the country’s largest airport in Auckland will be throttled to 75% of …

Airlines forced to ration jet fuel in New Zealand, but limited impact seen Read More »

(Reuters) -E-cigarette maker Juul Labs on Tuesday said it has reached settlements with about 10,000 plaintiffs covering more than 5,000 cases in California. Juul did not disclose the settlement amount as part of the settlement and court process in the federal multidistrict litigation and related JUUL Labs Product Cases. The company has obtained equity investment …

E-cigarette maker Juul reaches settlement with nearly 10,000 plaintiffs Read More »

By David Shepardson WASHINGTON (Reuters) – Many automakers and the South Korean government are urging the Biden administration to tap a commercial electric vehicle tax credit to boost consumer EV access, a plan that could help ease concerns over a climate bill approved in Congress. The $430 billion U.S. Inflation Reduction Act (IRA) passed in …

Automakers, South Korea urge U.S. to tap commercial EV tax credit Read More »

BEIJING (Reuters) – China’s exports and imports shrank at their steepest pace in at least 2-1/2 years in November, as feeble global and domestic demand, COVID-led production disruptions and a property slump at home piled pressure on the world’s second-biggest economy. The downturn was much worse than markets had forecast, and economists are predicting a …

China’s trade suffers worst slump in 2-1/2 years as COVID woes, feeble demand take toll Read More »

WASHINGTON (Reuters) -The Public Company Accounting Oversight Board (PCAOB) on Tuesday said it imposed $7.7 million in fines and sanctioned three firms across KPMG’s global network for violations of professional auditing standards, quality control standards and other rules. KPMG is one of the “Big Four” accounting firms, which also include Deloitte & Touche LLP, Ernst …

U.S. watchdog levies $7.7 million in fines against KPMG entities Read More »