Reuters US Business

By Pooja Menon (Reuters) -Freeport-McMoRan on Wednesday declared force majeure at its Grasberg mine in Indonesia and said it is expecting consolidated sales to be lower for copper and gold in the third quarter, sending its shares down 10.4%. Earlier this month, the company had temporarily halted mining at Grasberg after a large flow of …

Freeport declares force majeure at Grasberg, expects lower copper, gold sales Read More »

By David Shepardson WASHINGTON (Reuters) -Democratic U.S. Senator Richard Blumenthal said the Federal Aviation Administration’s proposed $3.1 million fine against Boeing for a series of safety violations is inadequate and wants the agency to explain how it calculated the penalty. “For Boeing, such fines are easily absorbed as the cost of doing business, not a …

US senator calls FAA’s proposed $3.1 million Boeing fine inadequate Read More »

(Reuters) -Ford Motor Co is recalling 115,539 vehicles in the U.S. due to a defect that could cause the steering column’s upper shaft to detach, the U.S. National Highway Traffic Safety Administration said on Wednesday. The issue, which can potentially lead to a loss of steering control, affects vehicles from model years 2020 through 2021, …

Ford to recall over 115,500 US vehicles due to steering column defect Read More »

(Corrects paragraph 4 to show that Alltech will contribute 17 U.S. feed mills, not 18, after Alltech corrects statement) By Tom Polansek and Katha Kalia (Reuters) -Archer-Daniels-Midland will put its 11 U.S. feed mills into a joint venture in which it holds a minority stake, the company said on Tuesday, as it seeks to reduce …

ADM to put US feed mills into joint venture as it cuts costs Read More »

(Reuters) – Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands, amid a global shift towards electric vehicles. This expansion has stoked trade tensions between Brussels and Beijing, including a row over EU tariffs on Chinese-made EVs, imposed …

Factbox-China’s carmakers expand their presence in Europe Read More »

(Reuters) -The National Football League could begin renegotiating its media rights deals as soon as 2026, four years ahead of the current agreement’s opt-out clause, CNBC reported on Wednesday. The league needs agreement from its current media partners, Disney, Comcast’s NBCUniversal, Paramount, Amazon and Fox, to start discussions on any new deal, the report said, …

NFL eyes early talks on TV rights renegotiations, CNBC reports Read More »

By Andrea Shalal and Doina Chiacu WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday said he would interview a lot of candidates next week to replace Jerome Powell as chair of the Federal Reserve, with an eye to completing the first round of interviews by the first week of October. Bessent told Fox Business …

Treasury’s Bessent says he’s looking for someone with an open mind for Fed chair Read More »