By Marie Mannes and Anna Ringstrom STOCKHOLM (Reuters) -Polestar said on Thursday it would make its Polestar 7 SUV model at a Volvo Cars factory in Slovakia, as the EV maker shifts more production from China and tries to cut its exposure to heavy European and U.S. tariffs. Polestar said the two Swedish companies, both …
By David Shepardson (Reuters) -Boeing and the Justice Department on Wednesday asked a U.S. judge to approve an agreement that allows the company to avoid prosecution despite objections from relatives of some of the 346 people killed in two 737 MAX crashes in 2018 and 2019. The deal enables Boeing to avoid being branded a …
By Bo Erickson, David Morgan and Richard Cowan WASHINGTON (Reuters) -Republicans in the House of Representatives advanced U.S. President Donald Trump’s massive tax-cut and spending bill toward a final yes-or-no vote early Thursday morning, appearing to overcome internal party divisions over its cost. Following a day of closed-door meetings both on Capitol Hill and at the White House, lawmakers …
House Republicans advance Trump’s tax-cut bill to a final vote Read More »
WASHINGTON (Reuters) -The Republican-controlled U.S. House of Representatives on Thursday advanced President Donald Trump’s sweeping tax-cut and spending bill, a procedural step setting the stage for possible passage of the legislation in a vote expected later in the day. The House voted 219-213 to move forward. (Reporting by Richard Cowan; Editing by Scott Malone and …
U.S. House Republicans advance Trump tax-cut bill opening way for debate Read More »
PARIS/SEOUL (Reuters) -Budget airline AirAsia is in negotiations with Airbus to convert some existing narrow-body plane orders to the long-range A321XLR model as it sets a path out of restructuring, two industry sources said on Thursday. Tony Fernandes, CEO of AirAsia owner Capital A Group, told Reuters last month he was in talks to buy …
AirAsia in talks to convert some Airbus orders into long-range jet orders, sources say Read More »
(Reuters) -Activist investor Starboard Value has built an over 9% stake in online travel firm Tripadvisor, a person familiar with the matter said on Wednesday. News of Starboard’s stake, which is valued at roughly $160 million, pushed Tripadvisor’s share price up 7% in after hours trading. The company, which offers search tools to find and …
Activist Starboard Value takes stake in online travel company Tripadvisor, stock jumps Read More »
HOUSTON (Reuters) -Golden Pass LNG, which is owned by Exxon Mobil and QatarEnergy, has asked U.S. regulators for permission to re-export liquefied natural gas from October 1, as the export plant nears production after previous delays. The company said it wants to re-export a cargo of LNG that it plans to import to cool down …
Exxon, QatarEnergy JV asks US regulators for permission to re-export LNG from October 1 Read More »
(Reuters) -Electric automaker Lucid on Wednesday reported a 38% rise in second-quarter deliveries, which, however, missed Wall Street expectations amid economic uncertainty. Demand for Lucid’s pricier luxury EVs have been softer as consumers, pressured by high interest rates, shift towards cheaper hybrid and gasoline-powered cars. Lucid delivered 3,309 vehicles in the quarter ended June 30, …
EV maker Lucid’s quarterly deliveries rise but miss estimates Read More »
(Reuters) -OpenAI said on Wednesday it had not partnered with Robinhood for the stock tokens the trading platform unveiled earlier this week. On Monday, Robinhood said it would grant 5 euros worth of OpenAI and SpaceX tokens to eligible users in the EU who register to trade stock tokens by July 7. But in a …
OpenAI says it has not partnered with Robinhood for stock tokens Read More »
WASHINGTON (Reuters) -Michael Gibson, director of the U.S. Federal Reserve’s supervision and regulation division, has accepted a voluntary buyout and will retire at the end of this month after 33 years at the central bank, according to an email from Gibson to Fed officials seen by Reuters. In the message to fellow Fed officials, Gibson …
US Fed bank supervision chief takes buyout, email says Read More »
