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Nissan to shut design studios in US and Brazil and downsize London, Japan operations

(Reuters) -Nissan said on Tuesday it will close its design centers in California and São Paulo and scale back operations in London and Japan as part of a realignment of its global design organization. The Japanese automaker said the restructuring, which will be completed by ...
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LGES executive is optimistic the battery maker will avoid future ICE raids

By Nora Eckert DETROIT (Reuters) -The head of LG Energy Solution’s North American business said on Tuesday the battery maker is hopeful about negotiations around visas for its workers following a massive raid on its joint-venture plant with Hyundai in Georgia. “We’re cautiously optimistic that this ...
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Nestle chairman Paul Bulcke to step down after CEO dismissal

(Reuters) – Nestle said on Tuesday Chairman Paul Bulcke has decided to step down, days after the Swiss food giant abruptly dismissed its CEO Laurent Freixe for failing to disclose a romantic relationship with a subordinate. Bulcke will be succeeded by ...
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PIMCO recommends Fed halt mortgage unwind to boost housing market

By Matt Tracy (Reuters) -U.S. bond firm PIMCO said on Tuesday the Federal Reserve should consider a halt to the shrinking of its mortgage holdings in order to boost the U.S. housing market. Since 2022 when it began its rate-hiking campaign, the Fed has shed the ...
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Goldman Sachs, Morgan Stanley defeat Archegos investors’ insider trading appeals

By Jonathan Stempel NEW YORK (Reuters) -Goldman Sachs and Morgan Stanley defeated appeals by investors who said the banks’ market manipulation and insider trading fueled the March 2021 collapse of Archegos Capital Management, the $36 billion family office run by the since-convicted Bill Hwang. In a ...
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EPA expected to release plan on Tuesday to deal with exempted biofuel gallons – sources

By Jarrett Renshaw (Reuters) -The Trump administration is expected to release its proposal on Tuesday addressing the reallocation of biofuel blending obligations that were recently waived for small oil refineries, according to two sources familiar with the plans. This proposal, prepared by the Environmental Protection ...
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Exclusive-Japan’s JERA in advanced talks to buy $1.7 billion of US shale gas assets, sources say

By Shariq Khan and David French NEW YORK (Reuters) -Japan’s top power generator JERA is in advanced talks to buy natural gas production assets in the U.S. for around $1.7 billion, people familiar with the matter said, the latest example of the Asian nation investing ...
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Parents of teens who died by suicide after AI chatbot interactions to testify to Congress

The parents of teenagers who killed themselves after interactions with artificial intelligence chatbots are planning to testify to Congress on Tuesday about the dangers of the technology. Matthew Raine, the father of 16-year-old Adam Raine of California, and Megan Garcia, the mother of 14-year-old Sewell ...
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Texas AG probes proxy advisers Glass Lewis, ISS amid ESG backlash

(Reuters) -Texas Attorney General Ken Paxton on Tuesday launched an investigation into proxy advisers Glass Lewis and Institutional Shareholder Services (ISS), alleging they may have misled institutional investors and public companies. Glass Lewis and ISS, the two largest U.S. proxy advisory firms, analyze shareholder proposals ...
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United Airlines CEO rules out bid for Spirit assets

NEWARK, New Jersey (Reuters) -United Airlines CEO Scott Kirby said on Tuesday his company is not going to make a bid for bankrupt Spirit Airlines’ assets if they become available. Spirit filed for bankruptcy protection last month for the second time in a year after ...
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Lufthansa to propose Johannes Teyssen as supervisory board chief at upcoming AGM

(Reuters) -Lufthansa said on Tuesday it would propose Johannes Teyssen to be elected as chair of the supervisory board at the airline’s next general meeting in May 2026. He will succeed Karl-Ludwig Kley, who will step down from the airline’s supervisory board after eight years ...
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Chevron, Israeli pipeline operator to kickstart new gas pipeline to Egypt

By Shadia Nasralla and Stephanie Kelly LONDON (Reuters) – Chevron has signed a deal with state-owned pipeline operator Israel Natural Gas Lines to kickstart construction of the Nitzana natural gas pipeline to transport gas from the Leviathan gasfield to Egypt, the ...
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