SYDNEY (Reuters) – AGL Energy Ltd could launch a strategic review as early as Monday as doubts grow over the Australian power producer’s plans to split into two companies, the Australian newspaper reported. AGL was mulling its options on Sunday amid market speculation that breaking the company into retail and generation units may lack the …
AGL Energy mulls strategic review amid demerger doubts – report Read More »
HOUSTON (Reuters) -Striking union workers at Chevron Corp’s Richmond, California, refinery voted on Saturday to ratify the latest contract offered by the company, ending a 10-week strike without achieving their goal of additional pay to counter rising health care costs, said sources familiar with the vote. About 500 workers represented by United Steelworkers (USW) union …
Chevron California refinery workers ratify contract; ending strike -sources Read More »
(Reuters) – Rivian Automotive said on Friday Charly Mwangi, who helped kick-start the electric-vehicle maker’s manufacturing process, will leave the company. Mwangi, a former Tesla Inc executive, served as Executive Vice President from May 2020 at Rivian. He brought the R1T pickup truck and R1S SUV to production in late 2021. His departure comes amid …
Rivian executive in charge of manufacturing engineering quits in management rejig Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten monetary policy without tipping the economy into recession. All three major U.S. stock indexes …
Wall Street rallies, snaps longest weekly losing streak in decades Read More »
WASHINGTON (Reuters) – The National Highway Traffic Safety Administration said on Thursday it has asked Tesla Inc for information about a recent 2021 Tesla Model Y fire in Vancouver, British Columbia, in which a driver reported struggling to exit. The NHTSA told Reuters the agency “is aware of the incident and has reached out to …
U.S. agency asks Tesla for information on Canadian fire incident Read More »
(Reuters) – Amazon.com Inc’s investor-led proposal to review its use of plastic won 49% support even as shareholders voted down all the 15 resolutions at the e-commerce giant’s annual general meeting, a regulatory filing showed on Friday. It was the only proposal that came close to reaching the 51% mark for approval. Investors opposed resolutions …
Amazon investor proposal to review plastic use narrowly fails to clear Read More »
By Mike Stone WASHINGTON (Reuters) -The U.S. Army said on Friday it has awarded a contract worth $625 million to Raytheon Technologies Corp for anti-aircraft Stinger missiles in order to replenish stocks sent to Ukraine. The shoulder-fired anti-aircraft Stinger missiles made by Raytheon were in hot demand in Ukraine, where they have successfully stopped Russian …
U.S. buys more Stingers after missiles’ success in Ukraine Read More »
By Jody Godoy (Reuters) – Robinhood Markets Inc has agreed in principle to settle a proposed class action filed by customers in the United States who claimed the investment app’s outages in March 2020 shut them out of trading on pandemic-related volatility. The company filed notice of the pending deal with a San Francisco federal …
Robinhood agrees to settle customer lawsuit over 2020 outages Read More »
By Ann Saphir and Howard Schneider (Reuters) – Evidence U.S. inflation is cooling will not budge Federal Reserve policymakers from half-point interest rate hikes planned for upcoming meetings in June and July, but may prompt a shift to smaller rate hikes come September if the trend continues. A U.S. Commerce Department report on Friday showed …
Cooling U.S. inflation builds case for September slowdown in Fed rate hikes Read More »
(Reuters) – The U.S. Securities and Exchange Commission (SEC) is looking into Tesla CEO Elon Musk’s disclosure of his stake in Twitter Inc in early April, according to a letter the agency sent to him in April. Meanwhile, Twitter stock has consistently traded below Musk’s offer price of $54.20 per share since the announcement of …
Timeline: U.S. SEC looking into Musk’s Twitter stake purchase Read More »
