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…
SpaceX sued by engineer claiming underpayment of women, minorities
By Daniel Wiessner (Reuters) – Elon Musk’s SpaceX has been sued by a female former employee who claims the rocket and satellite company pays and promotes women and minorities less than white…
Mexico shares suffer worst daily drop in nearly 3 years, battered by airport operators
By Noe Torres MEXICO CITY (Reuters) -Mexico’s main stock index posted its worst daily performance since January 2021 on Thursday, dragged down by a sharp sell-off in the country’s main airport operators…
GM makes new counteroffer to UAW in strike talks
By David Shepardson and Ben Klayman DETROIT (Reuters) -General Motors said on Thursday it had made a counteroffer to the United Auto Workers (UAW) in a bid to end a strike by…
Sam Bankman-Fried demanded special privileges for his fund, ex-colleague testifies
By Luc Cohen and Jody Godoy NEW YORK (Reuters) – Sam Bankman-Fried’s college roommate and ex-colleague, Gary Wang, testified on Thursday at the FTX cryptocurrency exchange founder’s fraud trial that Bankman-Fried told…
Marketmind: One more firework in fiery start to Q4
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The curtain comes down on the first week of the quarter on…
DuckDuckGo CEO says Google’s billions got in the way of a deal with Apple
By Diane Bartz WASHINGTON (Reuters) -The CEO of privacy-oriented search engine DuckDuckGo said its talks with Apple about a potential contract failed because the smartphone maker was reluctant to give up Google’s…
UK to examine Amazon and Microsoft’s cloud dominance
By Paul Sandle and Yadarisa Shabong LONDON (Reuters) -Britain’s media regulator on Thursday asked the country’s antitrust authority to investigate U.S. tech giants Amazon and Microsoft’s dominance of the UK cloud market.…
Key Republican backs Biden nominee to head FAA
By David Shepardson WASHINGTON (Reuters) -A key Senate Republican said Thursday he plans to support the White House nominee to head the Federal Aviation Administration (FAA) as the agency addresses a series…
Analysis-Hunt for suspect jet engine parts spurs call for regulation
By Tim Hepher, Valerie Insinna and David Shepardson PARIS/WASHINGTON (Reuters) -The family name on the signature approving the sale of a complex jet engine part might perhaps have rung alarm bells: Chirac.…
S.Korea FX reserves fall for second month in Sept on market intervention
SEOUL (Reuters) – South Korea’s foreign exchange reserves fell for a second month in September and by the biggest amount in four months, central bank data showed on Friday, as authorities intervened…
BlackBerry to separate IoT and cybersecurity businesses, plans IPO
(Reuters) -Canadian technology company BlackBerry said on Wednesday it would separate its Internet of Things (IoT) and cybersecurity business units and target a subsidiary initial public offering for the IoT business next…
Mack Trucks workers get 19% raise over 5 years in UAW contract
By David Shepardson (Reuters) -Workers will receive a 19% pay hike over five years under an agreement with Volvo Group-owned Mack Trucks and the United Auto Workers, according to a summary of…
US regulators push for recall of 52 million air bag inflators
By David Shepardson WASHINGTON (Reuters) -U.S. National Highway Traffic Safety Administration (NHTSA) officials on Thursday told a public hearing the government should require the recall of 52 million air bag inflators produced…
Dollar slips, stocks gain amid still tight U.S. labor market
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – The dollar eased while a gauge of global equities edged higher on Thursday as investors considered a still-tight U.S. labor market and…
Fed says credit to wind down failed banks drops again in latest week
NEW YORK (Reuters) – The Federal Reserve said on Thursday that credit it has extended to help wind down failed banks marked a big drop in the latest week. The Fed reported…
Conagra beats profit estimate as higher prices offset soft demand
By Granth Vanaik (Reuters) -Conagra Brands on Thursday reported quarterly profit above Wall Street estimates, as prices hikes and easing cost pressures helped offset slowing demand for the Slim Jim beef jerky…
US jobs report stands as next catalyst for Treasury market gyrations
By Davide Barbuscia NEW YORK (Reuters) – A wild week in Treasury markets is set to culminate with the U.S. payrolls report on Friday, and some investors believe benign data could bring…
Fed officials largely sanguine about rise in US bond yields
By Ann Saphir (Reuters) -Federal Reserve officials on Thursday indicated little concern that the recent rise in U.S. Treasury yields could imperil a “soft landing” for the economy, and said it could…
Column-Bear steepening U.S. yield curve dashes ‘soft landing’ hopes: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – The surge in long-dated U.S. bond yields currently underway and driving the so-called ‘bear steepening’ of the yield curve will dramatically reduce the economy’s chances…
U.S., UK and partners working on 15 critical minerals projects
By Eric Onstad LONDON (Reuters) – The United States and partners are working on 15 projects to secure supplies of critical minerals needed for electric vehicles and the energy transition, a senior…
Tesla engineer defends ‘Full Self-Driving’ name at crash trial
By Dan Levine and Hyunjoo Jin SAN FRANCISCO (Reuters) – A Tesla engineer in court on Wednesday rejected a lawyer’s suggestion that the company named its driver-assistant feature “Full Self-Driving” because it…
Sanofi to explore acquisition of cancer drugmaker Mirati- Bloomberg News
(Reuters) – Paris-based drugmaker Sanofi is exploring a potential acquisition of cancer drugmaker Mirati Therapeutics, Bloomberg News reported on Thursday citing people familiar with the matter. Deliberations are ongoing and there is…
Losses widen, cash needed at chip startup Graphcore, an Nvidia rival -filing
By Max A. Cherney (Reuters) – Artificial intelligence chipmaker Graphcore said it needed to raise cash due to widening losses, according to a filing, as Nvidia’s dominance in AI chips has chilled…
Oil prices extend rapid slide on demand worries
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell about 2% on Thursday, extending the previous session’s losses of nearly 6%, as worries about fuel demand outweighed an OPEC+ decision to maintain oil…
Former Goldman banker Ng to be returned to Malaysia in 1MDB case
By Jonathan Stempel NEW YORK (Reuters) -Former Goldman Sachs banker Roger Ng, facing 10 years in prison after being convicted in New York of helping loot billions of dollars from Malaysia’s 1MDB…
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