By Noel Randewich (Reuters) -Wall Street ended mixed on Tuesday as investors digested mostly positive quarterly results from big U.S. banks, comments from Federal Reserve Chair Jerome Powell and an ongoing U.S.-China trade war. The S&P 500 turned lower after U.S. President Donald Trump said Washington was considering terminating some trade ties with China, including in …
Wall Street ends mixed; banks rally on upbeat results Read More »
By Utkarsh Shetti (Reuters) -General Motors said on Tuesday it would take a $1.6 billion charge in the third quarter as it reshapes its electric vehicle strategy following the scrapping of a key federal incentive that is likely to dampen demand. GM’s disclosure is one of the clearest indications yet that U.S. automakers are scrambling …
GM to take $1.6 billion charge as tax credit blow muddies EV plans Read More »
By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom is launching a new networking chip on Tuesday that will help companies build artificial intelligence computing systems by stringing together hundreds of thousands of chips that crunch data, deepening its rivalry with Nvidia. The chip, called the Thor Ultra, enables computing infrastructure operators to deploy far more …
Exclusive-Broadcom to launch new networking chip, as battle with Nvidia intensifies Read More »
(Reuters) -BOND, a new private aviation company backed by U.S. investment firm KKR, was disclosed on Tuesday as the customer behind a June $1.7 billion order for 50 Bombardier private jets and aftermarket services. KKR is the lead investor in the fractional aviation company, a model where individuals buy a part-share in a private jet. …
By Curtis Williams HOUSTON (Reuters) -Chevron on Tuesday asked federal regulators to let it offer an opinion on Venture Global’s recent request for more time to commission the Plaquemines LNG plant in Louisiana, at which the U.S. oil major has a long-term sales and purchase agreement that could be affected by any delay. The filing …
Chevron pushes for say in Venture Global request for Plaquemines LNG startup extension Read More »
(Reuters) -Healthcare conglomerate Kaiser Permanente said on Tuesday that it is facing a labor strike called by the Alliance of Health Care Unions over wages, but has plans in place to continue operations without interruption. The strike that began earlier in the day is scheduled to end at 7 a.m. on October 19, Kaiser Permanente …
Kaiser Permanente says workers have begun a five-day labor strike Read More »
(Reuters) -Disney on Tuesday named insider Michael Moriarty as the finance chief and executive vice president of Disney Experiences, succeeding Kevin Lansberry. Moriarty, who has been the president and managing director of the Hong Kong Disneyland Resort for the past five years, will take over when Lansberry retires in February next year. He has held …
Disney names insider Michael Moriarty as finance chief of Disney Experiences Read More »
(Reuters) -Australia’s prudential regulator said on Wednesday that it has removed the additional A$500 million ($324.15 million) capital add-on on Westpac after the bank completed a required multi-year risk transformation program. In a separate statement, Westpac said the removal of the capital add-on will increase its common equity tier 1 (CET1) capital ratio by about …
Australian regulator removes $324 million capital add-on on Westpac Read More »
By Abigail Summerville and Svea Herbst-Bayliss (Reuters) -Apollo Global Management submitted a fresh bid within the last week to take pizza chain Papa John’s International private at $64 per share, according to people familiar with the matter. The situation is fluid and no deal is guaranteed, the sources said, requesting anonymity as the situation is …
Apollo Global made another offer to buy Papa John’s, sources say Read More »
(Reuters) -Nike said on Tuesday it was renaming its world headquarters in Beaverton, Oregon, after co-founder Philip Knight with immediate effect. The nearly 400-acre campus, the sportswear brand’s headquarters for more than 35 years, will now be called “The Philip H. Knight Campus” (PHK). It was earlier known as “Nike World Headquarters”. CEO Elliott Hill announced …
Nike renames Oregon headquarters after co-founder Philip Knight Read More »
