SAO PAULO (Reuters) -Brazilian meatpacker JBS said on Tuesday it had signed a binding memorandum of understanding with the shareholders of Viva to combine both firms’ assets related to leather production and commercialization. In a securities filing, JBS said the new company will be called JBS VIVA and will be owned 50% by JBS and …
Meatpacker JBS agrees to merge its leather assets with the ones from Viva Read More »
By Mike Stone WASHINGTON (Reuters) -The U.S. Space Force has awarded about a half dozen small Golden Dome contracts to build competing missile defense prototypes, kicking off a race for future deals worth tens of billions of dollars, according to two sources briefed on the matter. The awards went to several companies including Northrop Grumman, …
Pentagon advances Golden Dome missile defense with new Space Force contracts Read More »
By Mike Scarcella WASHINGTON (Reuters) -Apollo Capital Management, BlackRock and six other financial firms were sued on Tuesday in federal court in Manhattan by broadband provider Optimum Communications, which accused them of colluding to block it from refinancing billions of dollars in debt. Optimum, formerly Altice USA, alleged the firms formed a “cooperative” that controls …
Apollo, other firms accused of of blocking debt refinancing in US antitrust lawsuit Read More »
WASHINGTON (Reuters) -The U.S. military has awarded Boeing two contracts valued at over $7 billion, the Pentagon said on Tuesday. A nearly $4.7 billion Army contract was awarded for new build Apache AH-64E attack helicopters, Longbow crew trainers, and related accessories, according to the Pentagon. It said an additional $2.4 billion Air Force contract was …
Pentagon says Boeing awarded more than $7 billion in military contracts Read More »
By Juby Babu (Reuters) -HP Inc said on Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline operations and adopt artificial intelligence to speed up product development, improve customer satisfaction and boost productivity. Shares of the Palo Alto, California-based company fell 5.5% in …
HP to cut about 6,000 jobs by 2028, ramps up AI efforts Read More »
By Michael S. Derby (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday the Federal Reserve’s system of managing interest rates is struggling and needs to be simplified. “We’ve gotten to this point where monetary policy has gotten very complicated” and the U.S. central bank should “simplify things,” Bessent said in an interview with CNBC. …
US Treasury secretary takes aim at Fed’s interest rate control system Read More »
By David Lawder (Reuters) -The U.S. government posted a higher $284 billion deficit for October in a report delayed and impacted by the recent federal government shutdown and reflecting record tariff revenues offset by a shift of some November benefit payments into last month’s data, the Treasury Department said on Tuesday. The budget results for …
US budget deficit hits $284 billion in October; report impacted by shutdown Read More »
By Jonathan Stempel (Reuters) -Lowe’s will pay a $12.5 million civil fine to resolve U.S. government accusations that contractors hired by the home improvement retailer did not take appropriate safety precautions when renovating homes containing lead paint. The Department of Justice and the Environmental Protection Agency said more than 250 home renovations in 23 U.S. …
Lowe’s to pay $12.5 million US fine for lead paint violations Read More »
(Reuters) -The International Association of Machinists and Aerospace Workers (IAM) said on Tuesday it will file for union representation election covering about 3,000 JetBlue ground workers. JetBlue workers voted against unionizing in 2023, after what the IAM described as an anti-union campaign by the airline’s management. The union said workers have cited low pay, safety …
JetBlue ground workers seek union vote, IAM says Read More »
By Jody Godoy (Reuters) -Republican and Democratic attorneys general from 35 states and the District of Columbia urged congressional leaders on Tuesday not to block state laws governing artificial intelligence, warning of “disastrous consequences” if the technology is left unregulated. The letter sets up a clash between the states and the Trump administration over AI …
Dozens of state attorneys general urge US Congress not to block AI laws Read More »
