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…
Treasury yields’ wrecking-ball surge gets fresh fuel after blowout jobs report
By Davide Barbuscia and David Randall NEW YORK (Reuters) -The U.S. Treasury yield surge that has shaken markets in recent weeks may have further to run, after a stunningly strong U.S. jobs…
Blowout US job growth pokes hole in Fed’s cooldown narrative
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -U.S. employers in September turned their back on Federal Reserve officials who have been expecting job growth to cool, adding 336,000 positions in a…
Exxon in advanced talks for $60 billion acquisition of Pioneer – sources
By David French, Anirban Sen and Sabrina Valle (Reuters) -Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer at…
Snapchat’s AI chatbot may pose privacy risk to children, says UK watchdog
By Sachin Ravikumar LONDON (Reuters) -Snapchat may have failed to properly assess privacy risks to children from its artificial intelligence chatbot, Britain’s data watchdog said on Friday, adding it would consider the…
US Postal Service seeks to hike stamp prices to 68 cents
By David Shepardson (Reuters) – The United States Postal Service (USPS) said on Friday it wants to raise the price of first-class mail stamps to 68 cents from 66 cents effective Jan.…
Sam Bankman-Fried’s reassurances about FTX were false, ex-lieutenant testifies
By Jody Godoy and Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried’s former lieutenant and business partner recounted the FTX cryptocurrency exchange’s dramatic collapse on the witness stand on Friday, stating his former…
Oil prices rise, but post biggest weekly decline since March
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Friday but remained posted their steepest weekly losses since March, after another partial lifting of Russia’s fuel export ban compounded demand fears…
Amgen completes $27.8 billion Horizon Therapeutics deal
(Reuters) – Amgen said on Friday it had completed the $27.8 billion acquisition of Horizon Therapeutics after it received the go-ahead from the U.S. Federal Trade Commission (FTC) last month on certain…
US dollar eases after blowout jobs number
By Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar eased against a basket of currencies on Friday, as investors assessed Friday’s jobs report that showed U.S. hiring rose…
US restaurant employment recovers to pre-pandemic levels
By Amina Niasse NEW YORK (Reuters) – U.S. restaurant employment reached pre-pandemic levels in September for the first time in three-and-a-half years, according to a report released Friday, signaling a potentially broader…
US faces pushback on plan to bolster IMF funding without shareholding changes
By David Lawder WASHINGTON (Reuters) – The U.S. faces an uphill battle to persuade other International Monetary Fund member countries to expand the IMF’s lending war chest without boosting the shareholdings of…
FTX customers are still grappling with crypto platform’s collapse
By Elizabeth Howcroft and Medha Singh LONDON (Reuters) – For Lee Rees, 43, FTX was one of a handful of exchanges on which the London-based cryptocurrency trader earned a good living, profiting…
US regulators weigh penalizing bankrupt crypto lender Voyager’s ex-CEO – Bloomberg News
(Reuters) -Investigators at the U.S. Commodity Futures Trading Commission’s enforcement division have concluded that the co-founder of Voyager Digital broke derivatives regulations before the failed crypto lender plunged into bankruptcy last year,…
IAG in talks with Airbus, Boeing on potential widebody order – Bloomberg News
(Reuters) -British Airways-owner IAG is in talks with Boeing and Airbus for a potential order for widebody aircraft, Bloomberg News reported on Friday, citing people familiar with the matter. Orders for long-distance…
US consumer watchdog warns payment systems risk Chinese-style surveillance
(Reuters) -The top U.S. agency for consumer financial protection is considering regulatory moves to help protect the public from the kind of excessive surveillance of their financial data enabled by payment structures…
Sigma Lithium confirms resignation of COO, citing health reasons
By Fabio Teixeira RIO DE JANEIRO (Reuters) – Sigma Lithium on Friday said its Chief Operating Officer Brian Talbot left the company at the end of last month, confirming a Reuters report…
Ten-year yields highest since 2007 on strong jobs report
By Karen Brettell NEW YORK (Reuters) – Benchmark 10-year U.S. Treasury yields hit 16-year highs on Friday after data showed that employers added 336,000 jobs in September, well above the 170,000 that…
Pioneer shares jump on Exxon mega-merger talks
By Mrinalika Roy and Sabrina Valle (Reuters) -Shares of Pioneer Natural Resources climbed 11% on Friday on news that Exxon Mobil, the largest U.S. oil and gas company, was in advanced talks…
US job growth sizzles in September; wage inflation cooling
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment increased by the most in eight months in September as hiring rose broadly, pointing to persistent labor market strength that could give the Federal…
Exxon-Pioneer deal talks: What Wall St, policymakers have to say
(Reuters) – Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian Basin producer at about $60 billion, according to people familiar with…
Codelco says reassessing costs of projects to upgrade mines
By Pratima Desai and Julian Luk LONDON (Reuters) – Chile’s Codelco, the world’s largest copper producer, is reassessing the costs of upgrades to extend the life of its mines, its chairman said…
Surging Treasury yields upend stock market’s “bond proxies”
By Lewis Krauskopf NEW YORK (Reuters) – Soaring Treasury yields have stunned the U.S. equity market in recent weeks, with some of the worst fallout hitting a group of stocks expected to…
EU leaders resolve to boost economic security amid global tension
By Belén Carreño GRANADA, Spain (Reuters) – European Union leaders resolved on Friday to strengthen the bloc’s competitiveness, be at the forefront of new green and digital technologies and reduce its reliance…
Bunge shareholders approve merger with Viterra, closing expected in mid-2024
By Karl Plume (Reuters) – Shareholders of global grains merchant and oilseeds processor Bunge approved the company’s acquisition of Glencore-backed Viterra during a shareholder meeting on Thursday, Bunge said in a statement.…
SEC tries to force Musk to testify in Twitter takeover probe
(Reuters) -Elon Musk, the world’s richest man, is being sued by the U.S. Securities and Exchange Commission, which is trying to compel him to testify as part of a probe into his…
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