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Ford recalls 1.9 million vehicles over faulty rear-view camera

9 Sep 2025

By David Shepardson WASHINGTON (Reuters) – Ford is recalling 1.9 million vehicles worldwide due to faulty rear-view cameras, the latest in a series of callbacks over the issue, the automaker said Tuesday. The recall covers various 2015 through 2019 model year Lincoln MKC, Lincoln Navigator, Mustang, F-250, F-350, F-450, F-550, Expedition, Edge, Transit, Transit Connect, …

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Wolfspeed’s shares surge as US bankruptcy court approves restructuring plan

9 Sep 2025

(Reuters) -Chipmaker Wolfspeed’s shares surged about 48% to $1.82 on Tuesday after it said a U.S. court confirmed its Chapter 11 reorganization plan, clearing the way to exit bankruptcy protection in the next several weeks. Upon emergence from bankruptcy, the company expects to reduce its overall debt by about 70%, or nearly $4.6 billion, and …

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Instant View: US payrolls growth through March revised sharply lower

9 Sep 2025

NEW YORK (Reuters) – The U.S. economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, the government said on Tuesday, suggesting job growth was already stalling before President Donald Trump’s aggressive tariffs on imports. Economists had estimated that the Labor Department’s Bureau of Labor Statistics could revise the level …

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Yum Brands names insider Ranjith Roy as CFO amid leadership shuffle

9 Sep 2025

(Reuters) -Yum Brands named executive Ranjith Roy as the KFC parent’s finance chief on Tuesday, replacing Chris Turner who is taking over as CEO. Roy had served as CFO of the e-commerce marketplace Goldbelly and had spent more than 15 years with Goldman Sachs before joining Yum Brands as chief strategy officer and treasurer in …

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VistaShares launches ETF tracking stock bets of hedge fund activist Bill Ackman

9 Sep 2025

By Suzanne McGee and Svea Herbst-Bayliss (Reuters) -Asset manager VistaShares has selected high-profile investor Bill Ackman as the fund manager to mimic in its newest exchange-traded fund. The VistaShares Target 15 ACKtivist Distribution ETF made its debut on Tuesday amid a boom in such funds either overseen by or designed to replicate the portfolios of …

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Phillips 66 buys remaining stake in major US refineries from Cenovus for $1.4 billion

9 Sep 2025

By Vallari Srivastava (Reuters) – Phillips 66 said on Tuesday it will acquire the remaining 50% stake in WRB Refining from Cenovus Energy for $1.4 billion, giving it full ownership of two major U.S. refineries. Shares of the U.S. refiner were up 2.7% while Cenovus was up 3.3% WRB includes the Wood River refinery in …

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Brazil consumer prices forecast to have dropped 0.15% in August vs July: Reuters poll

9 Sep 2025

By Gabriel Burin (Reuters) – Brazil’s consumer price index is forecast to have dropped 0.15% in August against July thanks to a special discount in electricity bills and benign trends in food costs, a Reuters poll showed. While potential headline deflation could support expectations of monetary policy easing ahead, some components probably remained sticky, warranting …

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Phillips 66 buys remaining stake in major US refineries from Cenovus for $1.4 billion

9 Sep 2025

(Reuters) – U.S. refiner Phillips 66 said on Tuesday it will acquire the remaining 50% stake in WRB Refining from Cenovus Energy for $1.4 billion, giving it full ownership of two major U.S. refineries. WRB includes the Wood River refinery in Illinois and the Borger refinery in Texas, which have a combined crude throughput capacity …

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Nearly half of Israeli tech startups incorporate abroad, survey finds

9 Sep 2025

By Steven Scheer JERUSALEM (Reuters) -Nearly half of new startups are choosing to incorporate outside of Israel, the Israel Advanced Technology Industries Association (IATI) said on Tuesday, citing easier regulations in the United States. According to a survey by the IATI, an umbrella organization for Israel’s high-tech sector, 45% of about 460 startups in 2025 …

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