FirstEnergy to host public conference call as New Jersey electric prices soar
TRENTON, NJ – With electric bills climbing across New Jersey, FirstEnergy Corp. announced it will host a public conference call to review its third-quarter financial results and address customer concerns. The call…
Sigma Lithium questions reporting on Brazil mineral rights ‘injunction’
By Fabio Teixeira RIO DE JANEIRO (Reuters) – Sigma Lithium on Friday challenged a Reuters report that a Brazilian court had imposed an “injunction” on its ability to sell or mine two…
Bets on Texas Pacific, St Joe powered best US equity funds in third quarter
By David Randall NEW YORK (Reuters) – Big positions in a handful of stocks helped a select number of U.S. value and small-cap funds rocket higher in the third quarter while rising…
Teamsters union pickets two Amazon warehouses in Los Angeles
(Reuters) – The Teamsters union on Friday picketed outside two Amazon.com warehouses in Los Angeles, protesting against the online retailer’s labor practices. (Reporting by Samrhitha Arunasalam in Bengaluru)…
RBC pumps capital into Californian bank unit City National
By Nivedita Balu and Jaiveer Shekhawat TORONTO (Reuters) -Royal Bank of Canada (RBC) on Friday said it had injected capital into its Los Angeles-based subsidiary City National to boost the unit’s liquidity…
US SEC sues auditor Prager Metis over alleged independence violations
By Chris Prentice (Reuters) -The U.S. Securities and Exchange Commission on Friday sued accounting firm Prager Metis for alleged auditor independence violations related to a template it used when signing on clients.…
Republican infighting defeats US House bill to avert shutdown
(Reuters) – The U.S. House of Representatives on Friday rejected a Republican short-term spending measure aimed at averting a government shutdown, raising the odds that federal agencies will cease operations in just…
Dips in core and “supercore” inflation could bolster a Fed hold
By Howard Schneider WASHINGTON (Reuters) – A measure of inflation closely watched by the Federal Reserve has now averaged near the central bank’s 2% target for the last three months, another step…
Colombia 12-month inflation forecast to slow further in September: Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s inflation likely slowed in September due to a moderation of domestic consumption, a Reuters poll revealed on Friday, though forecasts for the year rose due…
Brazil’s cenbank chief warns inflation expectations may not converge amid fiscal concerns
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Friday that inflation expectations are not aligned with official goals, and signaled they may not be anchored if the government’s…
Factbox-U.S. economic data set to be affected by a gov’t shutdown
(Reuters) – A partial shutdown of the U.S. federal government due to lack of appropriations could begin on Oct. 1 and would mean key agencies involved in the collection and publication of…
US regulators settle with more firms over use of texts and WhatsApp
By Chris Prentice and Carolina Mandl NEW YORK (Reuters) -U.S. regulators on Friday fined eight companies a combined $111 million over record-keeping lapses, the latest in a series of enforcement actions levied…
Exclusive-Carlyle in exclusive talks for $7 billion-plus Medtronic units deal-sources
By David Carnevali NEW YORK (Reuters) – Private equity firm Carlyle Group Inc has entered into exclusive negotiations to acquire a majority stake in two medical device businesses of Medtronic Plc at…
Resolution on US-Mexico corn dispute could come in March, Mexico says
MEXICO CITY (Reuters) – A resolution could be reached in March on a trade dispute between the United States and Mexico over the Mexican government’s policy on genetically modified corn, Mexican Economy…
Factbox-Detroit Three facilities where UAW is on strike
(Reuters) – The United Auto Workers will walk off the job at an additional plant each at General Motors and Ford Motor, but will spare Chrysler parent Stellantis after last-minute concessions, chief…
Fed’s Williams says central bank may be done with rate rises
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said Friday the central bank may be done with rate rises as inflation pressures, while…
Supervisors at Chilean mine reject contract offer, strike possible
SANTIAGO (Reuters) -The union of supervisors at Chile’s Escondida mine on Friday rejected a contract offer from mine owner BHP, paving the way for a strike, the union told Reuters, while the…
US dollar share of global FX reserves stays flat in Q2 -IMF
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar’s share of global currency reserves reported to the International Monetary Fund was 58.9% in the second quarter, unchanged from the first three months…
European shares end worst quarter in a year with minor gain
By Bansari Mayur Kamdar and Shubham Batra (Reuters) -European shares rose on Friday after a drop in euro zone inflation in September cemented hopes the European Central Bank will pause its interest…
UAW set to expand strike at Ford, GM
(Reuters) – The United Auto Workers will walk off the job at an additional plant each at General Motors and Ford, but will spare Stellantis after last-minutes concessions by the Chrysler parent,…
Intel hails ‘landmark’ as high-volume EUV production begins at Irish plant
By Padraic Halpin and Max A. Cherney LEIXLIP, Ireland (Reuters) -Chipmaker Intel said on Friday it had begun high-volume production using extreme ultraviolet (EUV) lithography machines at its $18.5 billion plant in…
Nike shares jump on leaner inventory, better margins outlook
By Savyata Mishra (Reuters) -Nike shares climbed as much as 11% on Friday as the company further trimmed its inventory ahead of the all-important holiday shopping season and forecast improved second-quarter gross…
Retail investors flock to bond ETFs in third quarter as prices slide
By Bansari Mayur Kamdar (Reuters) – Investors continued piling into exchange-traded funds (ETFs) that track U.S. government debt in the third quarter, with retail investor flows hitting their highest level since the…
Citigroup has ‘no room for bystanders’ in reorganization, CEO says
By Tatiana Bautzer NEW YORK (Reuters) – Citigroup CEO Jane Fraser said on Friday that top employees were on board with the company’s sweeping reorganization, and that there was “no room for…
United Airlines’ pilots accept new labor contract
(Reuters) – United Airlines’ pilots have ratified a new four-year contract that includes a significant pay increase and other benefits, the union representing the pilots said on Friday. A committee represented by…
Euro zone inflation falls to lowest in 2 years as economy slows
By Francesco Canepa and Maria Martinez FRANKFURT (Reuters) -Inflation in the euro zone fell to its lowest level in two years in September, suggesting the European Central Bank’s steady diet of interest…
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