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…
Philippines inflation rate quickens for second month on rice gains
By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) -Consumer prices in the Philippines rose for a second month in September, increasing the pressure on the central bank to resume raising interest…
Indian rupee to trade in tight range as RBI keeps intervening – Reuters poll
By Milounee Purohit BENGALURU (Reuters) – The Indian rupee will trade in a tight range over the coming months as the Reserve Bank of India continues to intervene in the market to…
Jet engine maker CFM says suspect parts reached its own repair shops
By Tim Hepher PARIS (Reuters) -Jet engine maker CFM International said on Wednesday the number of engines suspected of containing falsely documented parts from a UK distributor had risen to 126, including…
S.Korea’s accelerating inflation set to keep policy restrictive for longer
By Jihoon Lee SEOUL (Reuters) -South Korea’s consumer inflation accelerated for a second month in September, above market expectations, official data showed on Thursday, supporting prospects of the central bank maintaining its…
Apple considered switching to DuckDuckGo from Google for Safari – Bloomberg News
(Reuters) -Apple held talks with DuckDuckGo to replace Alphabet’s Google as the default search engine for the private mode on Apple’s Safari browser, the Bloomberg News reported on Wednesday, citing people familiar…
EV maker Rivian plans $1.5 billion convertible bond sale, shares fall
By Savyata Mishra and Abhirup Roy (Reuters) -Electric-vehicle maker Rivian Automotive on Wednesday said it plans to sell convertible green bonds worth $1.5 billion and forecast quarterly revenue to rise in line…
Undeterred by dollar’s renewed strength, analysts see weakness ahead – Reuters poll
By Hari Kishan BENGALURU (Reuters) – Foreign exchange strategists are sticking with their forecasts for a weaker dollar despite having been wrong-footed for years in predicting a downturn in the greenback, the…
US should link China’s power in IMF to support for debt relief- former US official
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The U.S. should demand that China support debt restructuring for struggling poor and middle-income countries as a condition of changes to the International…
Nasdaq leads Wall St rebound after weaker-than-expected data
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended higher and the Nasdaq gained more than 1% on Wednesday, a day after a sell-off, as the latest economic data showed U.S.…
Clorox, reeling from cyberattack, expects quarterly loss
(Reuters) -Clorox, a U.S. maker of cleaning products, said on Wednesday it expects to post a first-quarter loss after a cyberattack in August caused product outages and disrupted supplies and operations. “The…
Dubai luxury home sales hit $1.6 billion in Q3, property consultancy says
DUBAI (Reuters) – Sales of homes worth $10 million or more in Dubai hit about $1.6 billion in the third quarter, according to an industry report published on Wednesday, up from $1.13…
Anti-union Starbucks worker challenges structure of US labor board
By Daniel Wiessner (Reuters) – A Starbucks Corp employee who wants to dissolve a union at a New York store filed a lawsuit on Wednesday claiming the structure of the federal agency…
Ex-Tesla factory worker loses bid for new trial in race bias case
By Daniel Wiessner (Reuters) -A Black former factory worker for Tesla lost his bid on Wednesday for a third trial in his race discrimination lawsuit against the electric carmaker, after a California…
Bankman-Fried’s lawyer says ‘crypto was not for everyone.’ FTX said the opposite
By Luc Cohen and Jody Godoy NEW YORK (Reuters) – In his opening statement at Sam Bankman-Fried’s fraud trial on Wednesday, the FTX cryptocurrency exchange founder’s lawyer acknowledged that his client was…
Mexican president hints at new cleanup plan for toxic river spill
MEXICO CITY (Reuters) -Mexico’s president announced that he expects to have a new action plan in the next couple weeks to better address a toxic spill that fouled a river nine years…
Theft or mistakes? Bankman-Fried jurors hear competing explanations for FTX collapse
By Luc Cohen, Jody Godoy NEW YORK (Reuters) -Sam Bankman-Fried’s lawyers and federal prosecutors clashed on Wednesday in opening statements over whether the former billionaire’s FTX cryptocurrency exchange collapsed due to “massive”…
US Commerce head backs legislation to address TikTok, threats
By David Shepardson WASHINGTON (Reuters) -U.S. Commerce Secretary Gina Raimondo supports legislation giving the Commerce Department new tools to address foreign adversary-owned app information concerns, she said on Wednesday. Her comments come…
Exxon 3Q profits to climb from last quarter on higher prices
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil said on Wednesday big increases in oil, gas and fuel prices would deliver a third-quarter operating profit between $8.3 billion and $11.4 billion, below…
Marketmind: Bond beating takes a breather
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are poised to rebound on Thursday following a relief bounce…
World’s biggest bond markets steady after heavy selloff
By Alun John and Naomi Rovnick LONDON (Reuters) -A broad selloff in world government bonds on Wednesday drove up U.S. 30-year Treasury yields to 5% for the first time since 2007 and…
U.S., Mexico resolve labor probe at Grupo Yazaki auto parts plant in Mexico
MEXICO CITY (Reuters) – The U.S. and Mexico have resolved a labor complaint under a regional trade deal at a Grupo Yazaki auto parts factory in the central Mexican state of Guanajuato,…
LGES to supply Toyota with batteries, invest $3 billion in US plant
By Paul Lienert and Shivansh Tiwary (Reuters) – Toyota Motor and LG Energy Solution signed a supply agreement for lithium-ion batteries for use in the Japanese automaker’s U.S.-built electric vehicles starting in…
EU to study mobile ecosystems to counter any Apple, Google antitrust pushback
By Foo Yun Chee BRUSSELS (Reuters) – European Union antitrust regulators have commissioned a study into mobile ecosystems to help them counter any pushback from Apple and Alphabet’s Google in complying with…
US government shutdown later this year would not hurt rating – Fitch
By Davide Barbuscia NEW YORK (Reuters) -Rating agency Fitch, which downgraded the U.S. top credit rating in August, cautioned about a possible government shutdown after U.S. House Speaker Kevin McCarthy was ousted,…
Korean BBQ Franchise Planning Multiple Jersey Shore Locations
MANASQUAN, NJ – Dae Gee Korean BBQ, a Denver-originated Korean barbeque establishment, has inked a franchise deal to set up four restaurants at the Jersey Shore. The pact has been sealed with…
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