Third U.S. union rejects national rail contract deal
By David Shepardson WASHINGTON (Reuters) -A third U.S. rail union voted on Monday to reject a tentative national contract reached in September, but expects to continue negotiating to reach a…
Breaking Business news from across New Jersey.
By David Shepardson WASHINGTON (Reuters) -A third U.S. rail union voted on Monday to reject a tentative national contract reached in September, but expects to continue negotiating to reach a…
By Tom Hals WILMINGTON, Del (Reuters) – A Tesla Inc director and a former executive took the stand on Monday and defended Elon Musk’s $56 billion pay package against a…
LONDON (Reuters) – After major crypto exchange FTX filed for U.S. bankruptcy protection on Friday, the crypto industry is bracing for further fallout. Some of FTX’s investors have said they…
By David Randall NEW YORK (Reuters) – Hedge funds Group One Trading LP, Two Sigma Investments LP and Holocene Advisors LP were among the largest purchasers of Tesla Inc stock…
WASHINGTON (Reuters) -S&P Global Ratings agreed to pay a $2.5 million penalty to settle U.S. Securities and Exchange Commission charges that it violated rules to prevent conflicts of interest, the…
(This Nov. 13 story has been refiled to say in headline ‘Neck and neck U.S. midterm races’ rather than ‘Democrats’ big midterm gains’.) By Rodrigo Campos and Ira Iosebashvili (Reuters)…
(Updates prices, adds commentary) By Sinéad Carew and Joice Alves NEW YORK/LONDON (Reuters) – The U.S. dollar gained against the yen and the euro on Monday but pulled back from…
By Manya Saini and Carolina Mandl (Reuters) -Investment firm Tiger Global Management raised its stake in tech giant Microsoft Corp, Jack Dorsey’s payments firm Block Inc and Uber Technologies Inc…
By Sameer Manekar (Reuters) – Commonwealth Bank of Australia, the country’s largest bank, on Tuesday reported better-than-expected cash earnings for the first quarter, helped by lending growth and rising interest…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. With U.S. inflation looking increasingly likely to have peaked, debate is raging on…
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Temasek Holdings is exploring selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by the…
(Reuters) – Activist investor Ancora Holdings Group said on Monday Ritchie Bros Auctioneers Inc’s $7.3 billion buyout deal for U.S.-based vehicle marketplace IAA Inc was a “poorly structured sweetheart deal”…
By Tom Polansek CHICAGO (Reuters) -Tyson Foods Inc should hire an external firm to lead a review into Chief Financial Officer John R. Tyson’s recent arrest, corporate governance experts said…
SEOUL (Reuters) – South Korea’s export and import prices rose at slower paces in October, with the latter softening to a 15-month low, central bank data showed on Tuesday. The…
NEW YORK (Reuters) – Speculators’ net long bets on the U.S. dollar fell in the latest week to the smallest position in more than a year, according to calculations by…
(Reuters) -FedEx Corp’s freight division is furloughing employees in some U.S. markets as current business conditions are hurting its volumes, the package-delivery company said on Monday. The move comes barely…
(Reuters) – Speculators raised their short positions on two-year Treasury note futures to the most since at least 1990 in the latest week, Commodity Futures Trading Commission (CFTC) data showed…
(Reuters) – Nu Holdings Ltd posted a near three-fold jump in third-quarter revenue on Monday, as the Warren Buffett-backed digital banking firm saw rapid customer growth in its key domestic…
MADRID (Reuters) – Spanish Economy Minister Nadia Calvino on Monday said “everything points out” that the country’s gross domestic product in 2022 will grow above the 4.4% rate predicted in…
By Laura Sanicola (Reuters) -Oil prices settled around $3 lower on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China dashed hopes of a swift…
MEXICO CITY (Reuters) – The International Monetary Fund (IMF) gave final board approval to grant Costa Rica a $725 million sustainability loan, the Fund said in a statement Monday, directed…
WASHINGTON (Reuters) – U.S. President Joe Biden has tapped Martin Gruenberg to serve as chairman of the board of directors of the Federal Deposit Insurance Corporation, the White House said…
By Akash Sriram (Reuters) – Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw…
By Diane Bartz, David Shepardson and Karen Freifeld WASHINGTON (Reuters) -Alphabet’s Google will pay $391.5 million to settle allegations by 40 states that the search and advertising giant illegally tracked…
SAO PAULO (Reuters) – Bayer AG’s agriculture unit in Brazil expects that its new genetically modified (GM) soybean Intacta2 Xtend will account for about 10% of the country’s total soy…