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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…
DoubleLine’s Gundlach says Fed’s ‘higher for longer’ stance a problem
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The Federal Reserve’s stance of “higher for longer” on interest rates has become a major challenge and the economy is already showing signs that it…
Treasury’s Yellen says US overdependent on China for critical supply chains
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday the United States has become overly dependent on China for critical supply chains, particularly in clean energy products and needs to…
Oil rebounds from 3-week low, settles up despite stronger dollar
By Stephanie Kelly NEW YORK (Reuters) -Oil prices recovered to settle slightly higher on Tuesday after sinking to three-week lows, pressured by a stronger U.S. dollar and darkening global economic signals but…
AstraZeneca to pay $425 million to end US lawsuits over heartburn drugs
By Brendan Pierson (Reuters) -Britain’s AstraZeneca has agreed to pay $425 million to settle about 11,000 lawsuits in the United States that claimed its heartburn drugs Nexium and Prilosec caused chronic kidney…
UK regulator to push for probe into Amazon, Microsoft cloud dominance
By Martin Coulter and Foo Yun Chee LONDON (Reuters) – British media regulator Ofcom will this week push for an antitrust investigation into Amazon and Microsoft’s dominance of the UK’s cloud computing…
US Treasury’s Yellen is ‘very optimistic’ about outlook for US economy
By David Lawder and Kanishka Singh WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday she was very optimistic about the outlook for the U.S. economy, adding that inflation was…
United Airlines orders 110 Airbus, Boeing jets in a bet on travel demand
By Valerie Insinna and Rajesh Kumar Singh (Reuters) -United Airlines on Tuesday announced an order for 110 aircraft from Boeing and Airbus for delivery beginning in 2028 as it seeks to expand…
Hospitality workers, Las Vegas casinos in crunch time for labor talks
By Doyinsola Oladipo NEW YORK (Reuters) -Unions representing roughly 53,000 Las Vegas workers on Tuesday kicked off critical negotiating sessions with hotel and casino operators after its members voted at the end…
Fed officials see high long rates as “complicated,” but not yet a threat
By Howard Schneider ATLANTA (Reuters) -Federal Reserve officials see rising yields on long-term U.S. Treasury debt as evidence their tight-money policies are working, but for now at least say they are not…
Stocks slip, yields rise after US jobs data suggest higher rates
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global shares fell on Tuesday, crushed by a fresh surge in Treasury yields after U.S. job openings rose more than expected in August,…
US new auto sales likely rose in Q3, but UAW strikes may pose speed bump
By Shivansh Tiwary (Reuters) – U.S. new vehicle sales likely rose in the third quarter on improving supply and steady demand, but a strike by autoworkers has muddied the outlook for the…
BP explores $1 billion US pipelines stake sale -sources
By Shariq Khan, David French and Ron Bousso (Reuters) – BP Plc is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of…
UPS and FedEx customers regain upper hand in delivery price battle
By Lisa Baertlein LOS ANGELES (Reuters) – U.S. retailers and other delivery customers for the first time in more than four years are easily winning discounts from United Parcel Service and FedEx,…
Striking Hollywood actors resume contract talks with studios, networks
By Steve Gorman and Dawn Chmielewski LOS ANGELES (Reuters) – Negotiators for striking Hollywood actors resumed contract talks on Monday with representatives of major studios, television networks and streaming services, marking the…
Banks behind 70% jump in greenwashing incidents in 2023 -report
LONDON (Reuters) -The number of instances of greenwashing by banks and financial services companies around the world rose 70% in the past 12 months from the previous 12 months, a report on…
US Supreme Court appears wary in case targeting consumer financial watchdog
By John Kruzel and Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court justices on Tuesday appeared skeptical of the payday lending industry’s challenge to the Consumer Financial Protection Bureau’s funding structure in a…
Another Jackson Business Bites the Dust for Well-Known Kosher Pizza Joint
JACKSON, NJ – Weeks after Farley’s Homemade Ice Cream announced it was shutting down in the Brewers Bridge Anillop Plaza, a second longtime Jackson-owned business has shut down. Rosko’s Bagels, which was…
IMF raises Mexico growth forecasts on robust consumption, services, auto output
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund on Tuesday significantly raised its 2023 growth forecast for Mexico to 3.2% from a 2.6% forecast issued in July, citing strength in…
US job openings post largest increase in two years; quits rate unchanged
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings unexpectedly increased in August amid a surge in demand for workers in the professional and business services sector, pointing to a still-tight labor…
Goldman Sachs exec Chris Kojima to leave
By Saeed Azhar NEW YORK (Reuters) – Chris Kojima, a Goldman Sachs executive in the asset and wealth management unit, will leave the investment bank at year-end after almost 28 years, an…
Exclusive-Boeing sets record 737 production goal for July 2025 -sources
By Valerie Insinna WASHINGTON (Reuters) – Boeing plans to push production of its bestselling 737 narrowbody jet to a record of at least 57 per month by July 2025, reflecting rising orders…
Meta Oversight Board to open case on manipulated video of US President Biden
NEW YORK (Reuters) – Meta’s Oversight Board plans to open a case examining an altered video of U.S. President Joe Biden that was flagged by a user on the company’s flagship social…
Japanese yen jumps after US dollar breaches key 150 level
By Gertrude Chavez-Dreyfuss and Herbert Lash NEW YORK (Reuters) – The yen bounced against the dollar on Tuesday after the greeenback rose above a key 150 level, for the first time since…
DirecTV says Warner Bros Discovery streaming CNN violates deal – NYT
(Reuters) -Satellite TV provider DirecTV warned CNN-parent Warner Bros Discovery that its plan to stream the news service risks violating a contract between the companies, the New York Times reported on Tuesday,…
Court tosses $223.8 million verdict against J&J in talc cancer case
By Brendan Pierson (Reuters) -A New Jersey appeals court on Tuesday threw out a $223.8 million verdict against Johnson & Johnson that a jury had awarded to four plaintiffs who claimed they…
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