SANTIAGO (Reuters) -Chilean state copper miner Codelco said on Monday that the general manager of its El Teniente mine, where a recent collapse killed six workers, will leave his position as part of a “mutual agreement.” The mine’s current operations manager, Claudio Sougarret, will take over from Andres Music beginning on Tuesday on an interim …
Chile’s Codelco replaces El Teniente manager after deadly accident Read More »
(Reuters) -AMC Entertainment surpassed Wall Street estimates for second-quarter revenue on Monday, as top U.S. blockbusters such as “A Minecraft Movie” and “Lilo & Stitch” drove more people to its theater chains. Shares of the company rose 7% in premarket trading, after it also reported a nearly 26% jump in attendance during the period. “Clearly, …
AMC tops revenue estimates as blockbuster titles boost theater attendance Read More »
(Reuters) -Albemarle, the world’s largest producer of lithium for rechargeable batteries, said on Monday that Chief Operating Officer Netha Johnson will leave the company. Albemarle did not provide a timeline for Johnson’s exit. A company spokesperson declined to comment on the reason for his departure. Johnson first joined the Charlotte, North Carolina-based company in 2018. …
Albemarle operating chief Netha Johnson to leave company Read More »
(Reuters) -Paramount, days after finalizing its merger with production studio Skydance, said Monday it will pay $7.7 billion for exclusive U.S. broadcast rights to the Ultimate Fighting Championship for seven years — the first major strategic move by the combined company. “The addition of UFC’s year-round must-watch events to our platforms is a major win,” …
Paramount wins exclusive US rights for UFC in $7.7 billion deal Read More »
By Luciana Magalhaes SAO PAULO (Reuters) -Brazilian businessman Nelson Tanure may give up on his bid to acquire a controlling stake in Latin America’s largest petrochemical firm Braskem <BRKM3.SA> as his exclusive negotiations window nears closing without an agreement to resolve claims from an environmental incident linked to the company. Last May, Tanure signed a …
Brazilian businessman Nelson Tanure may give up on Braskem deal Read More »
(Reuters) -The U.S. Department of Justice on Monday backed a Department of Transportation proposal to revoke antitrust immunity for the joint venture between Delta Air Lines and Grupo Aeroméxico, which allows the two carriers to coordinate on scheduling, pricing, and capacity decisions for U.S.–Mexico flights. In a filing, the Justice Department supported the DoT’s position, …
US Justice Department backs plan to revoke Delta-Aeromexico antitrust immunity Read More »
By Fergal Smith (Reuters) -Canada’s main stock index edged higher on Monday as industrial and technology shares notched gains, but the move was limited ahead of a key U.S. inflation report and as investors fretted about a seasonally weak period for the market. The S&P/TSX composite index ended up 16.55 points, or 0.1%, at 27,775.23, …
TSX ends higher but move limited ahead of US inflation report Read More »
By Matt Tracy (Reuters) -U.S. corporate issuers defaulted on privately placed debt at a higher rate in the second quarter this year than in the first quarter, ratings agency Fitch Ratings said on Monday. In its monitor of roughly 1,200 corporate borrowers of private credit, Fitch reported a default rate of 5.5% in the second …
US corporate defaults on private debt rose in Q2, Fitch says Read More »
By Bo Erickson WASHINGTON (Reuters) -Ten million more Americans will be uninsured in the next decade due to changes in President Donald Trump’s tax and spend law, according to an estimate by the Congressional Budget Office. The nonpartisan CBO analysis comes after the legislation became law in July and is an update from a previous …
10 million Americans will go uninsured due to Trump tax and spend law, CBO estimates Read More »
SANTIAGO (Reuters) -Copper production from Chilean state-run miner Codelco ticked up 17% year-over-year in June, data from copper commission Cochilco showed on Monday, climbing to 120,200 metric tons. Codelco is the world’s largest miner of the red metal. Meanwhile production at BHP’s Escondida mine, the world’s largest copper mine, slid 33% to 76,400 tons. At …
Copper output from Chile’s Codelco climbs 17% in June Read More »
