Reuters US Business

By Abhirup Roy and Mike Scarcella (Reuters) – Tesla has reached confidential deals to resolve two lawsuits over deaths in two separate California crashes in 2019 involving the company’s Autopilot advanced-driver-assistance software, according to court documents. The settlements come weeks after a Florida jury ordered Tesla to pay $243 million in compensatory and punitive damages …

Tesla settles two lawsuits on 2019 California crashes related to Autopilot software Read More »

MELBOURNE (Reuters) – BHP will suspend operations and cut 750 jobs at a Queensland coking coal mine it shares with a unit of Mitsubishi, blaming low prices and high state government royalties that have dented its returns, it said on Wednesday. BHP Mitsubishi Alliance’s (BMA) Saraji South, part of the Saraji Mine Complex, will be …

BHP to suspend operations, cut jobs at Australian coking coal mine Read More »

By Manya Saini (Reuters) – Texas Attorney General Ken Paxton on Tuesday launched an investigation into proxy advisers Glass Lewis and Institutional Shareholder Services, alleging they may have misled institutional investors and public companies. Glass Lewis and ISS, the two largest U.S. proxy advisory firms, analyze shareholder proposals and corporate governance issues and provide voting …

Texas AG probes proxy advisers Glass Lewis, ISS amid ESG backlash Read More »

(Reuters) – Anglo American and Chile’s state-run Codelco have finalised an agreement to jointly operate their neighbouring Chilean copper mines in a deal aimed at generating at least $5 billion from higher production and cost savings, they said on Tuesday. The plan will bring together certain operations at Codelco’s Andina mine and Anglo American’s Los …

Anglo American, Codelco finalise $5 billion Chilean copper mines deal Read More »

By Abigail Summerville and Sukriti Gupta (Reuters) – Wall Street’s three main stock indexes ended lower in choppy trading on Tuesday as caution set in ahead of an anticipated interest rate cut from the Federal Reserve.  Investors are largely still pricing in a 25 basis-point cut from the U.S. central bank at the conclusion of …

Wall St ends lower as investors turn cautious ahead of Fed rate decision Read More »

By Jody Godoy (Reuters) -A bipartisan group of U.S. senators demanded Meta Platforms hand over internal assessments of how its products affect children and the effectiveness of its parental controls, according to a letter seen by Reuters. The 10 senators led by Marsha Blackburn, a Republican from Tennessee, made the demand a week after a …

US senators demand Meta’s internal data on kids’ safety Read More »