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…
Top bank MUFG’s market chief flags concerns on Japan’s lax fiscal discipline
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japan’s financial indiscipline amid rising inflation may disrupt its bond market, a senior executive of top lender Mitsubishi UFJ Financial Group said, in…
It’s a Bar? It’s an Arcade? It’s Barcade!
BARCADE EXPANSION CONTINUES DESPITE INDUSTRY CHALLENGES BROOKLYN, NY – Barcade, the pioneer of the arcade bar concept, remains at the forefront of the entertainment and hospitality industry as the largest operator of…
US curbs on chip tools to China nearly finalized-posting
(Reuters) – An updated rule curbing exports of U.S. chipmaking equipment to China is in the final stages of review, according to a government posting and a source, a sign the Biden…
Brick Township Waterfront Mansion Sees $200,000 Price Cut; Now Available for $3,999,999
BRICK, NJ – A majestic waterfront mansion located at 445 Princeton Ave, Brick, NJ 08724, has witnessed a price reduction of $200,000, making it available for purchase at $3,999,999. This single-family property,…
Stock in New Jersey Off Shore Wind Farm Company Crashes to All-Time Low
TRENTON, NJ – The company behind New Jersey’s most high-profile offshore wind farm project, 0rsted, a Danish wind energy company is having serious financial problems. On Thursday, the company’s stock hit an…
Strike ends at major Mexican gold mine after workers pocket 8% raise
MEXICO CITY (Reuters) -A four-month-long labor strike has been lifted at Newmont’s Penasquito gold mine in Mexico after a deal was reached between workers and the firm to boost salaries, according to…
Taiwan probes four firms accused of helping China’s Huawei
TAIPEI (Reuters) – Taiwan’s government has opened an investigation into four companies named in a media report as conducting business with firms linked to U.S.-sanctioned Huawei in China, and is considering tighter…
Casino giant MGM expects $100 million hit from hack that led to data breach
By Zeba Siddiqui (Reuters) -MGM Resorts International said on Thursday a cyberattack last month that disrupted its operations would cause a $100 million hit to its third-quarter results, as it works to…
No need for S.Korean central bank to tighten policy further, says deputy governor
SEOUL (Reuters) – There is no need for the South Korean central bank to tighten monetary policy further for now, despite the prospect of interest rates staying higher for longer in the…
BOJ could raise 1% yield cap as next move, says academic Ito
By Takaya Yamaguchi TOKYO (Reuters) – The Bank of Japan could raise its 1% hard cap set for long-term interest rates as its next policy move if the 10-year bond yield threatens…
Newmont’s $16.7 billion Newcrest deal gets all regulatory nods; nears shareholder vote
(Reuters) -Australian gold miner Newcrest Mining said on Friday Newmont Corporation, its suitor for a proposed A$26.2 billion ($16.68 billion) buyout, had received all government regulatory approvals required for the deal to…
Japan’s inflation adjusted wages extend declines in August
TOKYO (Reuters) -Japan’s real wages in August declined for a 17th straight month, government data showed on Friday, as persistent price hikes continued to outpace salaries. Separate data on Friday showed Japan’s…
Wall St ends down slightly; investors await Friday’s payrolls
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended just slightly lower after bouncing off session lows on Thursday as investors awaited Friday’s monthly jobs report and further possible clues on…
Canada welcomes panel directing US to review softwood lumber policy
(Reuters) – Canada welcomed on Thursday a trade dispute panel ruling which said the U.S. should review parts of its policy on softwood lumber which includes duties on most such products exported…
X CEO Yaccarino tells bank lenders that revenue grew by single-digit percentage -source
By Sheila Dang (Reuters) -X Chief Executive Linda Yaccarino laid out plans to grow the social media company’s business during her first meeting on Thursday with X’s banks, according to a person…
Rithm holds firm on Sculptor bid, committee reviewing sweetened rival offer
By Svea Herbst-Bayliss NEW YORK (Reuters) -Real estate investment firm Rithm Capital is sticking by its original offer to buy Sculptor Capital Management agreed in July, even as the hedge fund’s special…
Australia’s central bank sees risks mounting in global markets, China property
SYDNEY, Oct 6 (Reuters) – Australia’s economy is well placed to weather strains in global financial markets, though the risks of a “disorderly” slide in asset prices or a slowdown in China…
Explainer-Why are Kaiser Permanente healthcare workers on strike?
By Leroy Leo and Bhanvi Satija (Reuters) -About 75,000 medical workers from Kaiser Permanente facilities went on a planned three-day strike on Wednesday, putting pressure on one of the leading nonprofit U.S.…
US Senator wants United, American CEOs to answer questions on fees, complaints
By David Shepardson WASHINGTON (Reuters) – The Senate’s No. 2 Democrat asked the CEOs of United Airlines and American Airlines to answer questions on rising passenger complaints and higher ticket prices and…
EV maker Rivian shares have record drop after convertible bond offering launched
By Chibuike Oguh and Abhirup Roy NEW YORK (Reuters) -Shares of Rivian Automotive Inc fell by nearly 23% on Thursday, the biggest daily percentage decline since their debut in 2021, after the…
Levi Strauss cuts annual forecasts as promotions, wholesale weakness weigh
By Savyata Mishra and Katherine Masters (Reuters) -Levi Strauss & Co cut its annual forecasts for the second time on Thursday after missing third-quarter sales estimates, reeling from hefty promotions and falling…
Euro zone retail sales fall much more than expected in Aug
BRUSSELS (Reuters) – Euro zone retail sales fell much more than expected in August, data showed on Wednesday, pointing to weaker consumer demand as inflation remains high. The European Union’s statistics office…
Tesla factory permits almost ready in Mexico, as state launches infrastructure work
By Daina Beth Solomon MEXICO CITY (Reuters) -Final permits for Tesla to build an electric-vehicle (EV) factory in the northern Mexican state of Nuevo Leon could be ready in weeks and the…
Google stopped Samsung from expanding search app offering – ex-executive
By Diane Bartz WASHINGTON (Reuters) – A former executive at Samsung Electronics’ venture capital arm who proposed that mobile app developer Branch Metrics’ software offering be expanded in Samsung smartphones faced pushback…
Moody’s downgrades Egypt deeper into junk territory
(Reuters) – Moody’s on Thursday downgraded Egypt’s credit rating by a notch to ‘Caa1’ from ‘B3’, citing the country’s worsening debt affordability. Egypt has been facing an economic crisis with record inflation…
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