-Electric-car maker Tesla Inc on Wednesday raised prices of its U.S. Model Y SUVs and Model 3 Long Range sedans by $1,000 each and some China-made Model 3 and Model …
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- Police Blotter
Mississippi Murder Suspect Apprehended by U.S. Marshals in Memphis
by DOJ Pressby DOJ PressMemphis, TN – U.S. Marshal Tyreece Miller announces the capture of Jacoris Drummer. He is wanted out of Bolivar County, Mississippi, for Murder, Aggravated Assault and Armed Robbery. He also …
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By Sonali Paul and Praveen Menon MELBOURNE/WELLINGTON – Phones are ringing off the hook in Australia as buyers hunt for supplies of coal, gas and wheat to replace cargoes from …
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By Tim Hepher and Jamie Freed – Russia published a draft law on Thursday that could prevent its airlines returning leased aircraft, raising the stakes in a showdown with Western …
- Financial News
Stellantis to extend Fiat Panda production in Italy until 2026 -unions
by Reutersby ReutersMILAN – Stellantis will produce its best-selling Fiat Panda small car at its Pomigliano plant in southern Italy until 2026, metal workers unions said on Thursday after the carmaker met …
- Department of Justice Press Releases
Presque Isle Woman Sentenced for Passing Counterfeit Money
by DOJ Pressby DOJ PressBANGOR, Maine:Â A Presque Isle woman was sentenced today in federal court for passing counterfeit money, U.S. Attorney Darcie N. McElwee announced. U.S. District Judge Lance E. Walker sentenced Jessica Jones, …
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– Holiday inn-owner IHG said on Thursday it was suspending future investments, development activity and new hotel openings and will close its Moscow office following Russia’s invasion of Ukraine. The …
- Financial News
Wall Street regulator to vote on landmark climate risk measure on March 21, following delays -notice
by Reutersby ReutersBy Katanga Johnson WASHINGTON – The U.S. Securities and Exchange Commission (SEC) will vote on a landmark climate-risk measure on March 21, the agency said on Thursday. The notice of …
- Financial News
Ryan Cohen hires Icahn proxy solicitor Harkins Kovler for possible Bed Bath fight
by Reutersby ReutersBy Svea Herbst-Bayliss BOSTON – Ryan Cohen’s RC Ventures LLC, which owns nearly 10% of Bed Bath & Beyond, has hired a proxy solicitor, signalling the firm is ramping up …
- Financial News
ECB won’t raise rates until some time after net bond buying ends -Lagarde
by Reutersby ReutersFRANKFURT – The European Central Bank has no intention of raising interest rates until some time after it has ended its bond buying at the end of the third quarter, …
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PARIS/BERLIN – Volkswagen unveiled a production version of its long-awaited ID. Buzz van in Paris on Wednesday, an electric reincarnation of its Microbus or Kombi, due to go on sale …
- Financial News
IMF chief says Africa vulnerable to higher food, fuel prices due to Ukraine war
by Reutersby ReutersWASHINGTON – Africa’s economic outlook is particularly vulnerable to higher food and fuel prices prompted by Russia’s invasion of Ukraine, as well as to reduced tourism revenues and diminished access …
- Financial News
ECB raises inflation forecasts, cuts growth outlook amid Ukraine conflict
by Reutersby ReutersFRANKFURT – The European Central Bank raised its inflation projections on Thursday but cut its growth outlook as the conflict in Ukraine is likely to keep commodity prices high, sapping …
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NEW YORK – U.S. consumer prices surged in February, culminating in the largest annual increase in 40 years, and inflation is poised to accelerate further in the months ahead as …
- Financial News
BMW beats pre-pandemic earnings, but chip troubles hit fourth quarter
by Reutersby ReutersBy Victoria Waldersee BERLIN – BMW more than doubled pre-pandemic earnings in 2021 to 16 billion euros ($17.67 billion), the company said on Thursday, as higher prices and strong sales …
- Financial News
Peloton to explore new price models as it eyes demand boost, profit return
by Reutersby Reuters– Peloton Interactive Inc said on Thursday it would explore various pricing models in select U.S. markets, as the exercise bike company looks to attract more customers and return to …
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– Bank of New York Mellon Corp said on Thursday vice chair Robin Vince would become the company’s chief executive officer, replacing Todd Gibbons who will retire later this year. …
- Financial News
Analysis-Big Oil, Biden administration spar over blame for pain at the pump
by Reutersby ReutersBy Valerie Volcovici and Nichola Groom – The U.S. oil industry and President Joe Biden’s administration are clashing over who is to blame for tight energy supplies that have driven …
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LONDON – Britain imposed sanctions on Chelsea soccer club owner Roman Abramovich and Igor Sechin, chief executive of Russian oil giant Rosneft, hitting them with asset freezes and travel bans …
- Financial News
UAE sows confusion in oil market as it faces lower Russian supply
by Reutersby ReutersBy Maha El Dahan DUBAI – Confusing messages from No. 3 OPEC producer the United Arab Emirates about whether it supported higher output or not stoked volatility in the oil …
- Financial News
Shell faces $400 million writedown on Russian downstream assets
by Reutersby ReutersBy Shadia Nasralla LONDON – Shell faces writedowns on $400 million in Russian downstream assets, it said on Thursday, having announced $3 billion worth of other projects previously. The oil …
- Financial News
Investors urge airlines to curtail growth, use sustainable fuel
by Reutersby ReutersBy Simon Jessop LONDON – The aviation industry needs to take “urgent action” to align with the world’s climate goal, including curtailing growth in air travel and rapidly scaling up …
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– Anthem Inc said on Thursday it intends to change its name to Elevance Health Inc, as the company looks to shift its focus beyond the health insurance business. The …
- Financial News
Exclusive-China’s regulators check risks to futures brokers from nickel positions
by Reutersby ReutersBy Samuel Shen and Xie Yu HONG KONG/SHANGHAI – China’s securities regulators are gathering information from futures brokerages about their clients’ short positions in nickel to prevent spillover risks from …
- Financial News
Crypto industry on defensive as Ukraine crisis spotlights Russia sanctions compliance
by Reutersby ReutersBy Hannah Lang – Cryptocurrency evangelists are on the defensive amid warnings from U.S. and European lawmakers that digital asset companies are not up to the task of complying with …