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Automakers urge Trump not to impose tariffs on factory robots, machinery

By David Shepardson WASHINGTON (Reuters) -A group representing nearly all major automakers on Wednesday urged the administration of President Donald Trump not to impose tariffs on factory robots and machinery. The Alliance for Automotive Innovation, which represents General Motors, Toyota, Volkswagen, Hyundai and nearly all ...
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Fortescue posts record first-quarter iron ore shipments, up 4%

(Reuters) -Australia’s Fortescue posted a 4.2% rise in first-quarter iron-ore shipments on Thursday, a record for first-quarter production for the firm on the back of higher hematite shipments.  Chaired by billionaire founder Andrew Forrest, Fortescue shipped 49.7 million metric tonnes of iron ore in the ...
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New Jersey claims Amazon discriminated against pregnant, disabled warehouse workers

By Daniel Wiessner (Reuters) -The state of New Jersey sued Amazon.com on Wednesday, accusing the company of unlawfully refusing workplace accommodations to warehouse employees who have disabilities or were pregnant and firing some who asked for them.  The lawsuit filed in New Jersey state court by ...
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Southwest Airlines posts unexpected quarterly profit, foresees strong sales

By Rajesh Kumar Singh CHICAGO (Reuters) -Southwest Airlines reported an unexpected third-quarter profit on Wednesday, and forecast record sales in the current quarter on the back of improvements in travel demand. The Texas-based carrier is the latest U.S. airline to report a pickup in travel bookings ...
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Profits at Musk’s car company plunged again last quarter even as it sold more vehicles

NEW YORK (AP) — Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings at Tesla fell to $1.4 billion, or ...
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After others departed, Pentagon announces ‘new’ press corps filled with conservative news outlets

Several conservative news outlets said Wednesday they had agreed to a new press policy rejected by virtually all legacy media organizations and will take their place in the Pentagon to cover Defense Secretary Pete Hegseth and the U.S. military. The new Pentagon press corps will ...
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US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet. It’s also the fastest accumulation of a trillion dollars ...
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Citigroup CEO Jane Fraser elected board chair, gets $25 million stock award

By Tatiana Bautzer and Pritam Biswas (Reuters) -Citigroup CEO Jane Fraser was elected as chair of board of directors, the bank said in a filing on Wednesday. Fraser replaces John Dugan, who has been chair since 2019 and will now become lead independent director. The ...
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Textron taps insider Atherton as CEO, Donnelly to continue as chair

(Reuters) -Textron chief executive Scott Donnelly will be succeeded by insider Lisa Atherton, effective January 4 next year, the aircraft maker said on Wednesday. Atherton served as the president and CEO of Textron’s Bell segment, which makes helicopters for military and commercial purposes. Donnelly will continue ...
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US announces sanctions on Russian oil companies Rosneft and Lukoil

WASHINGTON (Reuters) -The United States imposed sanctions on major Russian oil companies Rosneft and Lukoil, and said it was prepared to take further action as it called on Moscow to immediately agree to a ceasefire in Russia’s war in Ukraine. “We encourage our allies to ...
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Trading Day: Wall Street’s hunt for red October

By Jamie McGeever ORLANDO, Florida (Reuters) -U.S. stocks fell on Wednesday, as a Reuters report that the U.S. is considering curbs on a wide range of exports to China ratcheted up U.S.-Sino trade war fears and added to the gloom surrounding Netflix’s earnings miss. More on ...
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Airbus sees world freighter fleet growing 45% by 2044

PARIS (Reuters) -Airbus said on Wednesday the worldwide fleet of dedicated freighter aircraft by all makers should rise to 3,420 in the next 20 years, or a 45% increase, helped by long-term trade growth. “This will be made up of 815 existing freighters and 2,605 ...
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