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…
Fed’s Bowman says it will likely be appropriate to raise rates again
(Reuters) – Federal Reserve Governor Michelle Bowman on Saturday repeated her view that inflation continues to be too high despite “considerable” progress in lowering it, and the U.S. central bank will likely…
New Jersey’s Top Five Sandwiches from Guy Fieri’s Diners, Drive-ins, and Dives
NEW JERSEY – From a butcher shop serving a House-Made Jerky and Sausage Sandwich to a joint plating up a Crab Cake Grilled Cheese, Guy Fieri tells us where the best 5…
Tesla signs lease to open vast sales and service centre in Shanghai industrial park
SHANGHAI (Reuters) – Tesla has signed a leasing contract with Shanghai Waigaoqiao Free Trade Zone Group to open a massive sales and service centre in an industrial park in the city, its…
China forex reserves fall to $3.115 trln in September
SHANGHAI (Reuters) – China’s foreign exchange reserves fell more than expected in September, official data showed on Saturday, as the U.S. dollar rose against other major currencies. China’s reserves – the world’s…
Ireland trims 2023 budget surplus, corporate tax forecasts
DUBLIN (Reuters) – Ireland is set to collect 0.6% less tax than expected this year following a recent fall in corporate receipts and deliver a lower than forecast budget surplus that Tuesday’s…
Exclusive-US-China tech war: RISC-V chip technology emerges as new battleground
By Stephen Nellis and Max A. Cherney (Reuters) – In a new front in the U.S.-China tech war, President Joe Biden’s administration is facing pressure from some lawmakers to restrict American companies…
Walmart’s Mexico unit to face anti-trust panel after three-year investigation
By Daina Beth Solomon MEXICO CITY (Reuters) -Walmart’s Mexico unit said on Friday it will face an anti-trust panel for alleged relative monopolistic practices related to the supply, wholesale distribution and marketing…
US lawmakers press White House for tougher enforcement of China chip rules
By Stephen Nellis (Reuters) – Two senior Republican lawmakers in the U.S. House of Representatives on Friday pressed the Biden administration for tougher enforcement of export controls on sending advanced computing chips…
Unifor says GM resisting important elements of Ford pattern agreement
(Reuters) – Canadian workers union Unifor on Friday said General Motors was “resisting” a number of important elements of its pattern agreement with Ford Motor. The union had chosen the company as…
Amazon launches first test satellites for Kuiper internet network
By Joey Roulette WASHINGTON (Reuters) -Amazon’s first pair of prototype satellites for its planned Kuiper internet network were launched into space on Friday from Florida, the company’s first step before it deploys…
Exxon investors ready to embrace buying existing oil over new drilling
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil’s investors now prefer the company use its share price and financial might to acquire existing oil and gas production rather than spend on drilling that…
Indexes end up sharply with tech after strong jobs, slower wage growth
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rallied on Friday, led by technology shares to a sharply higher close as investors assessed a jobs report that showed U.S. hiring rose…
Las Vegas hospitality unions see ‘no real movement’ in talks with casinos
(Reuters) – The unions representing 53,000 hospitality workers in Las Vegas said on Friday they have seen “no real movement” this week in contract negotiations with casino-resort operators MGM Resorts International and…
Analysis-Exxon Mobil’s megadeal to test climate-aware shareholders
By Svea Herbst-Bayliss, Tommy Wilkes and Simon Jessop BOSTON (Reuters) – Exxon Mobil’s $60 billion bid for Pioneer Natural Resources would expand the top U.S. oil producer’s footprint in the country’s biggest…
U.S. Treasury details EV tax credit rebate rules
By David Shepardson WASHINGTON (Reuters) – The U.S. Treasury Department on Friday issued new guidance on how a $7,500 electric vehicle tax credit can be used as a point-of-sale rebate starting in…
Factbox-Elon Musk’s growing legal challenges
By Tom Hals (Reuters) -Elon Musk was sued by the U.S. securities regulator related to his takeover of Twitter, the latest court battle against the billionaire whose empire spans electric carmaker Tesla,…
Second major US law firm changes diversity fellowship after lawsuit
By Nate Raymond (Reuters) -A major U.S. law firm has changed its criteria for a fellowship aimed at promoting diversity in the legal profession, marking the second time a firm has done…
Exxon-Pioneer megadeal Q&A
(Reuters) – U.S. oil major Exxon Mobil is in advanced talks to buy shale producer Pioneer Natural Resources at about $60 billion, sources familiar with the matter said. Here is how the…
Heineken-owned brewery added to Brazil ‘slave labor’ list
By Lisandra Paraguassu and Fabio Teixeira BRASÍLIA / RIO DE JANEIRO (Reuters) – Brazilian brewery Kaiser, which is owned by Heineken, has been added to the government’s list of companies responsible for…
Starbucks must disclose spending on response to union campaign, judge rules
By Daniel Wiessner (Reuters) – Starbucks Corp must provide U.S. regulators with documents detailing its spending on efforts to discuss unionizing with workers, part of the agency’s probe into whether the coffee…
Hard kombucha brewer JuneShine explores sale -sources
By Abigail Summerville NEW YORK (Reuters) – Kombucha beverage brewer JuneShine, which counts celebrities like comedian Whitney Cummings and YouTube star Cody Ko among its investors, is exploring a sale with the…
Kaiser healthcare workers’ 3-day strike winds down, parties agree to more talks
By Steve Gorman and Ahmed Aboulenein LOS ANGELES (Reuters) – A 72-hour strike by 75,000 healthcare workers against Kaiser Permanente drew to a close on Friday as both sides in the labor…
Egypt’s bonds fight back after Moody’s downgrade triggers tumble
By Libby George, Patrick Werr and Marc Jones LONDON/CAIRO (Reuters) -Egypt’s government bonds fought back from an initial heavy tumble on Friday after Moody’s had downgraded the country’s credit rating to a…
Stocks rally, bond yields soar on blowout US jobs data
By Herbert Lash NEW YORK (Reuters) – A blowout U.S. jobs report on Friday sparked a delayed rally on Wall Street as the data revealed a strong economy with moderating inflation that…
Fed’s Mester: Strong jobs data do not change underlying view on hiring
By Michael S. Derby (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said Friday that very strong hiring data for last month didn’t change her view on the state of…
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