Reuters US Business

WASHINGTON (Reuters) -The U.S. Labor Department’s economic statistics arm said on Wednesday it was reducing the Consumer Price Index collection sample in areas across the country due to resource constraints, but the move should have “minimal impact” on the overall CPI data. In a statement posted on its website, the Bureau of Labor Statistics said …

US Labor Department reducing CPI collection sample amid hiring freeze Read More »

By David Shepardson WASHINGTON (Reuters) -Two members of the Federal Communications Commission said Wednesday they plan to resign this week giving President Donald Trump two more seats to fill on the U.S. telecom regulator. Republican Nathan Simington was confirmed in December 2020 to the five-member FCC after he led a regulatory effort during Trump’s first …

Republican, Democratic FCC commissioners stepping down this week Read More »

By Alexandra Alper and Diego Oré WASHINGTON/MEXICO CITY (Reuters) – Mexico’s antitrust watchdog is expected to renew its approval of Nippon Steel’s fraught $14.9-billion bid for U.S. Steel as soon as Thursday, according to three people familiar with the matter, removing one of the last remaining hurdles to the tie-up. Cofece, as the regulator is …

Mexico seen renewing its approval for Nippon Steel-US Steel tie-up Thursday, sources say Read More »

By Jaspreet Singh (Reuters) -Nearly a year after CrowdStrike’s botched cybersecurity update crippled airlines, banks and hospitals for hours, the company is still reeling from the fallout. The company said on Wednesday U.S. regulators have asked it about certain transactions as well as the July 19 outage. It earlier forecast second-quarter revenue below estimates, partly …

CrowdStrike hit by weak forecast, US government request for information Read More »

By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Chip manufacturer GlobalFoundries said on Wednesday it planned to increase its investment plans to $16 billion, allocating an additional $1 billion to capital spending and $3 billion to research in several emerging chip technologies. The Malta, New York-based company said it is working with the …

GlobalFoundries boosts investment plans to $16 billion, with research focus Read More »

By Ross Kerber (Reuters) -Texas on Tuesday removed BlackRock from a list of companies seen as boycotting the energy industry, a step the New York asset manager won only with steep cuts to its climate ambitions. Texas Comptroller Glenn Hegar said the decision reflected BlackRock’s retreats from industry climate groups like the Net Zero Asset …

BlackRock removed from Texas boycott list after quitting climate groups Read More »

By Lisandra Paraguassu BRASILIA (Reuters) -A plant owned by Brazilian soft drink company Solar, which produces beverages for Coca-Cola, had a fault in its cooling system detected, causing production and bottling to be suspended as a precaution, Brazil’s government said on Wednesday. Production was halted after authorities determined a liquid used in cooling had contacted products …

Brazil plant of Coca-Cola maker suspended for potential contamination Read More »

(Reuters) – Insurance brokerage firm Trucordia has secured a $1.3 billion investment from Carlyle through a deal that valued the company at $5.7 billion, it said on Wednesday. The Carlyle investment will reduce Trucordia’s leverage, fortify the balance sheet, and enhance its financial flexibility, Trucordia CFO Brandon Gray said in a statement. The insurance brokerage …

Carlyle investment boosts insurance brokerage Trucordia’s valuation to $5.7 billion Read More »