[the_ad id="1125697"]
Groton Selected as Navy awards $642M contract boost for Virginia class submarine work
Groton, CT – General Dynamics Electric Boat Corp. has secured a $642.3 million contract modification to continue design and support work for the Navy’s Virginia class submarine program, the Pentagon announced. Contract…
U.S. focused on existing metals talks, Tai tells S. Korean trade chief
By David Lawder and David Brunnstrom WASHINGTON – U.S. Trade Representative Katherine Tai told South Korea’s trade minister on Thursday the United States was focused on “existing conversations” on steel and aluminum…
Mondelez flags bigger supply chain hit to first quarter
-Mondelez International Inc said on Thursday it expects to face a larger impact from supply chain snags in its key North American segment in the current quarter, as the chocolatier grapples with…
S&P 500 ends lower after another wild ride
By Stephen Culp NEW YORK – Wall Street gyrated wildly on Thursday, the S&P 500 once again narrowly avoiding correction confirmation at the end of a session marked by a rally, selloff…
Britishvolt to develop batteries for new Lotus electric sports car
By Nick Carey BLYTH, England – Britishvolt said on Friday it will develop batteries for a fully-electric sports car in partnership with British carmaker Lotus, the first publicly-announced customer for the electric…
3M hit with $110 million verdict in latest U.S. military earplug trial
By Nate Raymond -A federal jury on Thursday awarded $110 million to two U.S. Army veterans who said combat earplugs sold by 3M Co to the military caused them to suffer hearing…
IMF urges BOJ to consider targeting shorter-term yields
By Leika Kihara TOKYO – The Bank of Japan should consider further steps to make its ultra-easy monetary policy more sustainable, such as steepening the yield curve by targeting a shorter maturity…
Visa profit beats quarterly estimates on higher travel, online spending
By Mehnaz Yasmin and Elizabeth Dilts Marshall NEW YORK -Visa Inc beat Wall Street’s quarterly estimates on Thursday as more international travel and e-commerce drove an increase spending volumes. While travel spending…
Robinhood posts $423 million net loss, shares sink after hours
By Hannah Lang and Mehnaz Yasmin -Commission-free brokerage Robinhood Markets Inc on Thursday posted a $423 million net loss in the latest quarter, and its shares tumbled as much as 15% in…
U.S. House panel to hold hearing on autonomous vehicles
By David Shepardson WASHINGTON – A U.S. House panel will hold a hearing next week on self-driving vehicles, even as a push in Congress to speed deployment of autonomous vehicles has stalled.…
FCC revokes China Unicom’s authorization to operate in U.S
By David Shepardson and Diane Bartz WASHINGTON – The U.S. Federal Communications Commission (FCC) on Thursday voted to revoke the authorization for China Unicom’s U.S. unit to operate in the United States,…
Aeromexico reaches $40 million deal with creditors in bankruptcy exit boost
By Maria Chutchian -Grupo Aeromexico has reached a $40-million deal with a group of unsecured creditors to withdraw their objection to the airline’s bankruptcy restructuring plan, Aeromexico’s lead counsel said on Thursday.…
Nothing is off the table, EU responds to question on halting Nord Stream 2
– The gas pipeline Nord Stream 2 could be halted should Russia invade Ukraine, EU Commission chief Ursula von der Leyen signalled on Thursday, referring to the not yet operative pipeline meant…
Fed signals intent to join the great central bank stimulus exit
LONDON – The U.S. Federal Reserve has kicked off 2022 with a clear message: rates will rise to contain surging inflation. Other central banks have already started the rates liftoff, and even…
America Movil dips on pay TV permit snag, minor impact seen
By Cassandra Garrison MEXICO CITY -Shares of Mexican telecoms giant America Movil fell on Thursday after a regulator scuttled its long-term goal to enter the local pay TV market, raising speculation over…
Home Depot picks veteran Ted Decker as new CEO
-Home Depot Inc on Thursday named 22-year company veteran Edward Ted Decker as its new chief executive officer and president, replacing Craig Menear, who will continue as chairman. Decker, who has been…
Exclusive-White House mulls extension of Trump-era solar tariffs, with tweaks
By Jarrett Renshaw and Nichola Groom WASHINGTON -The White House is considering extending Trump-era tariffs on solar power imports, but with a handful of tweaks to make it easier for domestic installers…
Amsterdam puts freeze on opening ‘dark store’ distribution centres
AMSTERDAM – The city of Amsterdam announced on Thursday a one-year freeze on the opening of new “dark stores” – small distribution centres in residential areas or nearby shopping streets used by…
Uber, Canadian union reach deal to support gig worker benefits, flexibility
By Tina Bellon -Uber Technologies Inc on Thursday said it had reached an agreement with Canada’s largest services-sector union to offer employee-like benefits to contractors who work as ride-hail and food delivery…
Oil falls from seven-year high as Russia tensions offset Fed tightening
By Stephanie Kelly NEW YORK – Oil prices fell on Thursday after Brent crude hit a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide supply with…
Musk’s bets on Tesla: human-like robots and self-driving cars
By Hyunjoo Jin and Nivedita Balu -Tesla’s most important products this year and next will not be cars, Chief Executive Elon Musk said on Wednesday, but software that drives them autonomously and…
Southwest Airlines expects loss in Q1 after first profit in 2 years
By Rajesh Kumar Singh CHICAGO -Southwest Airlines Co on Thursday reported its first quarterly profit in two years, but warned of a loss in the current quarter through March as the Omicron…
Morgan Stanley sees US debt-to-GDP ratio down 7 percentage pts in 2022
– A huge U.S. fiscal deficit from the first two years of COVID-19 spending should decline rapidly to near pre-pandemic levels, largely due to a rebound in economic growth, analysts at Morgan…
Bank of Canada ‘no hike’ leaves housing fire burning, say market watchers
By Julie Gordon and Nichola Saminather OTTAWA – The Bank of Canada’s decision to delay a rate hike for five more weeks will add fuel to Canada’s scorching housing market as buyers…
Gavilon deal to make Glencore major soy exporter in Brazil with larger U.S. foothold
By Karl Plume – Global commodities merchant Glencore Plc took a major step this week to becoming a greater force in the international food chain with a deal to buy the grains…
Mastercard brushes off Omicron threat after profit beat
-Mastercard Inc beat quarterly profit estimates on Thursday as an uptick in international travel powered card spending and said a recent drag on cross-border travel from the Omicron variant was unlikely to…
Breaking News
