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Wall Street regains some ground with help from easing virus fears

7 Dec 2021 7 Dec 2021

By Devik Jain, Shreyashi Sanyal and Alden Bentley (Reuters) – Wall Street’s major averages closed higher on Monday with economically sensitive sectors and travel-related stocks advancing solidly as investors were encouraged by some optimistic comments from a top U.S. official on the latest COVID-19 variant. Of Wall Street’s three major averages, the Dow rose the …

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Qantas expects to reach 115% of pre-COVID domestic capacity levels by April

7 Dec 2021 7 Dec 2021

SYDNEY (Reuters) -Qantas Airways Ltd expects to reach more than 115% of pre-COVID domestic capacity levels by April as Australian state borders open, Chief Executive Alan Joyce said on Tuesday. “Domestically we are seeing huge demand when borders open,” he said at a CAPA Centre for aviation event. “We have seen a surge in 24 …

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Honda to pay $6.9 million in California small engine emissions case

7 Dec 2021 7 Dec 2021

By David Shepardson and Ben Klayman WASHINGTON (Reuters) -Honda Motor Co’s American unit will pay $6.9 million in a settlement over engines used in equipment including lawn mowers, pressure washers and snow blowers that violated California’s air-quality regulations, a state regulator agency said on Monday. The California Air Resources Board (CARB) said testing in 2019 …

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ICE appoints Lynn Martin president of the NYSE

6 Dec 2021 6 Dec 2021

(Reuters) – Intercontinental Exchange said on Monday it appointed Lynn Martin, who runs its Fixed Income and Data Services, as the next president of the New York Stock Exchange. Martin will succeed Stacey Cunningham, who was the NYSE’s first female president, and Cunningham will join the NYSE’s board of directors, Intercontinental Exchange, which owns the …

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U.S. House could vote to hike debt limit this week, senior Democrat says

6 Dec 2021 6 Dec 2021

By Richard Cowan WASHINGTON (Reuters) -The U.S. House of Representatives could vote this week to raise the federal government’s $28.9 trillion debt limit, the chamber’s No. 2 Democrat told reporters on Monday, without providing details on how such an effort might unfold. Treasury Secretary Janet Yellen has urged Congress to act by Dec. 15 and …

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Exclusive-SEC probes Tesla over whistleblower claims on solar panel defects

6 Dec 2021 6 Dec 2021

By Hyunjoo Jin and Chris Prentice SAN FRANCISCO/WASHINGTON (Reuters) – The U.S. securities regulator has opened an investigation into Tesla Inc over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years, according to a letter from the …

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Devin Nunes to be CEO of Trump’s social media venture

6 Dec 2021 6 Dec 2021

(Reuters) – U.S. Representative Devin Nunes will become the chief executive officer of former U.S. President Donald Trump’s new social media venture Trump Media & Technology Group in January, the company said on Monday. (Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)

U.S. aviation industry pans AT&T, Verizon 5G precautions

6 Dec 2021 6 Dec 2021

By David Shepardson WASHINGTON (Reuters) -The U.S. aviation industry said on Monday new precautionary measures offered by AT&T and Verizon Communications were insufficient to address air safety concerns raised by the planned use of C-Band spectrum for 5G wireless. The Aerospace Industries Association said in a letter to Federal Communications Commission chair Jessica Rosenworcel that …

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Republican Nunes to leave U.S. Congress to head Trump media venture

6 Dec 2021 6 Dec 2021

WASHINGTON (Reuters) -U.S. Representative Devin Nunes, the top Republican on the House Intelligence Committee, will leave Congress to become chief executive officer of former President Donald Trump’s new social media venture, the company said on Monday. Nunes, 48, will assume his new role in January, the Trump Media & Technology Group said in a statement. …

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Mexico auto output, exports fall again on semiconductor shortage

6 Dec 2021 6 Dec 2021

By Anthony Esposito MEXICO CITY (Reuters) -Mexican automotive production and exports fell for the fifth month running in November, figures from the national statistics agency (INEGI) showed on Monday, as ongoing shortages of semiconductors put the brakes on the industry. Mexican automotive production plunged by 20.25% from November 2020 to 248,960 vehicles, while auto exports …

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