Clear 2°. Wind Chill: -11°. Wind: N 8 mph.
Loading advertisement…
Trending: Videos show deadly Minneapolis shooting and political leaders reach different conclusions
HomeNewsNationalBusiness ( Page 224)

Business

Subscribe to the Business News Feed.
SHARE NOW
by

Exclusive-KKR-backed FiberCop files complaint with EU over alleged Italy’s aid to rival, sources say

By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -KKR-backed telecom network firm FiberCop has filed a complaint with the European Commission, alleging that Italy provided state aid to rival Open Fiber in breach of EU competition rules, three sources with knowledge of the matter said. The ...
by

Exclusive-Activist HoldCo owns Eastern Bankshares stake, pushes for sale, sources say

By Svea Herbst-Bayliss BOSTON (Reuters) -Activist investor HoldCo Asset Management has built a sizable position in Eastern Bankshares and wants the storied Boston financial institution to put itself up for sale, instead of buying up other banks, according to people familiar with the matter and ...
by

China, US port fees disrupt cargo flows, push up rates

By Lisa Baertlein and Jeslyn Lerh LOS ANGELES/SINGAPORE (Reuters) -New fees imposed on port calls by China and the U.S. are reducing the number of cargo vessels available for moving goods and threatening to increase consumer costs in both countries, industry executives said. Ship operators have ...
by

Boeing can hike 737 MAX production to 42 planes per month, FAA says

WASHINGTON (Reuters) -Boeing can hike 737 MAX production to 42 planes per month after the Federal Aviation Administration lifted a 38 plane-per-month cap in place since January 2024, the agency and planemaker said on Friday. The FAA imposed the unprecedented production cap shortly after a ...
by

IMF chief hopes for US-China rare earths deal to avoid ‘material impact’ on global economy

WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Friday she was hoping for an agreement between the U.S. and China that avoids a cutoff in the flow of rare earths to the global economy, adding that such restrictions would have a ...
by

IAM, Boeing to resume contract talks on Monday

(Reuters) -The International Association of Machinists and Aerospace Workers union said on Friday that it had agreed to resume contract talks with planemaker Boeing on Monday. The union represents over 3,200 striking workers who assemble fighter jets and munitions at Boeing’s plants in the ...
Loading advertisement…
by

Tesla pay plan faces pushback as ISS urges vote against Musk’s $1 trillion package

(Reuters) -Tesla’s proposed $1 trillion pay package for CEO Elon Musk came under renewed scrutiny on Friday after proxy adviser ISS urged investors to vote against what could be the largest compensation plan ever awarded to a company chief. This is the second consecutive year ...
by

Fifth Third profit jumps on fee income, records $178 million loss from Tricolor bankruptcy

(Reuters) -U.S. regional bank Fifth Third Bancorp reported a 14% jump in third-quarter profit on Friday on the back of robust fee income, but booked a $178 million loss related to the bankruptcy of auto dealer Tricolor.   Broad-based growth across Fifth Third’s fee businesses lifted ...
by

Porsche eyes return of SUV boss Leiters to assume ‘poisoned chalice’

By Rachel More and Nick Carey BERLIN (Reuters) -Porsche’s moves to bring in ex-McLaren boss Michael Leiters to revive the luxury German carmaker were welcomed by investors, although they have no illusions about the challenge in store for the new boss. Leiters is tipped to take ...
by

Bessent urges IMF, World Bank to take tougher line on China

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Friday gave specific marching orders for the International Monetary Fund and World Bank to take tougher stances on China’s state-driven economic practices as part of his push to get the global ...
by

UN shipping agency delays decision on carbon price under US pressure

By Enes Tunagur and Jonathan Saul LONDON -A majority of countries at the U.N. shipping agency voted on Friday to postpone by a year a decision on a global carbon price on international shipping, after failing to reach consensus on the emissions reduction measure amid ...
by

Bessent says US bought pesos again, currency dips

(Reuters) -The U.S. Treasury bought Argentine pesos in the “Blue Chip Swap” and spot markets on Thursday and it continues to monitor all markets, Treasury Secretary Scott Bessent said on Friday. “Treasury is monitoring all markets, and we have the capacity to act with flexibility ...
First Previous220221222223224225226227228Next Last