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…
Tesla workers in Germany join union as health and safety issues grow – union
By Victoria Waldersee GRUENHEIDE, Germany (Reuters) – Tesla workers at the carmaker’s Brandenburg plant are joining the IG Metall union in rising numbers over concerns around health, safety and overwork, the union…
China’s Country Garden eyes debt deal, Evergrande creditors anticipate liquidation
By Clare Jim and Scott Murdoch HONG KONG (Reuters) -China’s Country Garden may announce a restructuring of its offshore debt soon, local media reported, while bondholders of embattled peer China Evergrande Group…
US Fed’s top bank cop defends effort to hike bank capital
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve’s top regulatory official defended a sweeping proposal to overhaul bank capital rules before the country’s largest bank lobby on Monday, arguing the benefits…
Bristol-Myers Squibb to acquire Mirati in up to $5.8 billion deal
By Michael Erman (Reuters) -Bristol-Myers Squibb on Sunday said it will acquire cancer drugmaker Mirati Therapeutics for up to $5.8 billion, diversifying its oncology business and adding drugs it hopes can help…
Arm’s shares get helping hand as IPO banks weigh in with ratings
By Aditya Soni and Roshan Abraham (Reuters) -Shares of Arm Holdings rose 3% on Monday after a wave of “buy” ratings from Wall Street analysts who said that the chip designer’s dominance…
Russian rouble rebounds from over 18-month low vs dollar
By Alexander Marrow (Reuters) -The rouble rebounded after slumping to a more than 18-month low against the dollar on Monday in a volatile session, still hampered by reduced foreign currency supply but…
Irish budget to include 2.4 billion euros of ‘one-off’ supports – source
By Padraic Halpin DUBLIN (Reuters) – Ireland will add one-off financial supports totalling around 2.4 billion euros to planned permanent spending measures and tax cuts in Tuesday’s budget for 2024, a source…
Here Are the Spirit Halloween Stores Operating in New Jersey This Year
HOWELL TOWNSHIP, NJ – As Halloween nears, Spirit Halloween stores across New Jersey are preparing to welcome customers for in-store shopping. The festive atmosphere and the signature orange and black signs are…
These Defunct Department Stores Are Missed By New Yorkers Years After They Closed
NEW YORK, NY – New York City, a global hub for fashion and commerce, has seen its retail landscape undergo numerous transformations over the years. While the city boasts of iconic stores…
Cheesemongers Rejoice: Today is National Moldy Cheese Day
TRENTON, NJ – Today, New Jersey joins the nation in celebrating a peculiar yet fascinating foodie holiday: National Moldy Cheese Day, observed every October 9th. While moldy cheese might not sound appetizing…
World Bank explores expanding loan guarantees for private financing
By Jorgelina do Rosario MARRAKECH (Reuters) – The World Bank on Monday said it is looking at ways to expand the guarantees it provides for commercial loans to boost the private financing…
Mexico’s inflation eases further in September, still above bank target
(Reuters) -Mexico’s annual inflation eased in September for the eighth consecutive month and stood at 4.45%, still above the central bank’s target, data on Monday showed, supporting forecasts the bank will keep…
Top Treasury lawyer sees Brazil beating revenue outlook for tax disputes
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Nearly 40% of the extra revenue that Brazil’s government needs to erase its budget deficit next year hinges on one strategy: the Brazilian…
Weight-loss drugs fuel boom for firms that fill syringes
By Maggie Fick LONDON (Reuters) – Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are investing billions of dollars to expand or build factories that fill the…
Exclusive-ECB sees Italy’s spread jump as justified but may cool PEPP talk: sources
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers consider a spike in Italy’s bond yields to be justified by the government’s projection of higher deficits, but see…
IMF ‘hopeful’ Zambia to announce debt deal with creditors before Thursday
By Rachel Savage and Jorgelina do Rosario MARRAKECH (Reuters) – The International Monetary Fund’s (IMF) Africa director said on Monday that he was “hopeful” that Zambia and its official creditors would announce…
Marketmind: Oil up but restrained on Mideast jolt
A look at the day ahead in U.S. and global markets from Mike Dolan The weekend’s Middle East shock adds another confusing twist to an already complicated global markets picture, but the…
US wealth, income concentration resume upward climb in post-pandemic era
By Howard Schneider WASHINGTON (Reuters) – The richest Americans are emerging from the coronavirus pandemic with their share of wealth and income on the rise again despite some thought that the tight…
Sam Bankman-Fried judge cracks jokes, loses patience with defense at FTX trial
By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried’s fraud trial has featured dense testimony about computer code, cryptocurrency and corporate finance, but U.S. District Judge Lewis Kaplan’s dry sense of humor…
Analysis-Expected rise in US earnings could be balm for stocks after rough stretch
By Caroline Valetkevitch and Lewis Krauskopf NEW YORK (Reuters) – A resilient economy and strong consumer demand are expected to fuel a slight rise in third-quarter U.S. earnings, which could throw a…
World Bank’s Banga faces pressure on resources, shareholder schisms
By David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) – World Bank President Ajay Banga will come under pressure this week to focus on climate change, but the former Mastercard CEO first…
Metro Bank shares jump after deal to bolster finances
By Iain Withers LONDON (Reuters) -Shares in Metro Bank jumped in early trading on Monday, after the embattled British lender struck a fundraising deal overnight to bolster its balance sheet following urgent…
UAW says its ‘strike is working,’ holds off on more walkouts
By Joseph White and David Shepardson DETROIT (Reuters) – The United Auto Workers held off on additional strikes against Detroit Three auto plants on Friday, citing General Motors’ unexpected willingness to allow…
ECB’s De Guindos sees inflation slowing down, but urges caution given growing uncertainty
MADRID (Reuters) -Inflation is expected to stay on its downward trend in the coming months, the European Central Bank’s Vice-President Luis de Guindos said on Monday, but he urged caution due to…
China’s Sept new yuan loans seen jumping on policy boost- Reuters poll
BEIJING (Reuters) – China’s new yuan lending is expected to jump in September after a surprising surge in August, a Reuters poll showed, as the central bank strives to boost the economy’s…
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