NEW YORK (Reuters) -Wells Fargo & Co named Derek Flowers as its new chief risk officer, leading all aspects of the lender’s risk management systems, the bank said in a statement on Tuesday. Flowers replaces Mandy Norton https://www.reuters.com/markets/us/wells-fargos-chief-risk-officer-leave-bloomberg-news-2022-01-04, who served as the bank’s chief risk officer since 2018 and is planning to retire in June….
(Reuters) – Ford Motor Co said on Tuesday it gained $8.2 billion on its investment in electric-vehicle maker Rivian Automotive Inc in the fourth quarter. (Reporting by Aishwarya Nair in Bengaluru)
By David Shepardson WASHINGTON (Reuters) -AT&T and Verizon Communications on Tuesday agreed to temporarily defer turning on some wireless towers near key airports to avert a significant disruption to U.S. flights. President Joe Biden hailed the agreement saying it “will avoid potentially devastating disruptions to passenger travel, cargo operations, and our economic recovery, while allowing…
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – Benchmark U.S. Treasury yields jumped to two-year highs and major equity market indexes fell more than 1% on Tuesday as traders braced for the Federal Reserve to be more aggressive in tightening monetary policy to tackle inflation. The dollar hit a six-day high following the…
By Davide Barbuscia (Reuters) -A fast pace of monetary policy readjustment to curb inflation could lead to a flattening of the U.S. Treasuries yield curve, warned BlackRock chief Larry Fink, amid a recent spike in yields that some said had echoes of 2013 “taper tantrum.” The shape of the yield curve reveals investor expectations for…
By Promit Mukherjee JOHANNESBURG (Reuters) – Coca-Cola Beverages Africa (CCBA), the biggest bottling unit of Coca-Cola in the continent, is eyeing further consolidation of the parent’s bottling operations there, its chief executive said on Tuesday, as it prepares to go public. CCBA is the Atlanta-based company’s eighth biggest bottling company with operations in 14 countries…
By Laura Sanicola (Reuters) – U.S. refiners and biofuel companies are likely to reach less than half the renewable diesel production projected by the U.S. government for 2025 due to policy and feedstock constraints, according to a study released Tuesday from consultancy Cerulogy. Numerous petroleum refiners across North America are planning to convert facilities to…
By David Shepardson WASHINGTON (Reuters) -AT&T said it would agree to temporarily defer turning on some wireless towers near key airport runways to avert a looming aviation crisis but the White House is still pushing Verizon Communications to follow suit. Discussions are centered around that proposal that would also allow about 90% of the wireless…
WASHINGTON (Reuters) – AT&T said Tuesday it had voluntarily agreed to temporarily defer turning on a limited number of towers around certain airport runways in a bid to address an aviation safety standoff. “We are frustrated by the FAA’s inability to do what nearly 40 countries have done, which is to safely deploy 5G technology…
MILAN (Reuters) – Italian aerospace group Leonardo said on Tuesday it had reached an agreement with unions to furlough employees at its Aerostructures division to compensate for a fall in orders for commercial aircraft parts caused by the pandemic. Last year the group filed a request to put more than 3,000 workers under a temporary…
