By David Shepardson and Hyunjoo Jin WASHINGTON (Reuters) -SoftBank Group Corp’s Vision Fund exited its bet on General Motors (GM) self-driving car subsidiary Cruise as the auto giant upped the ante, investing another $3.45 billion in the loss-making unit. SoftBank’s departure, which comes as the Japanese conglomerate struggles with debts, prompted questions from sector watchers…
(Reuters) – The labor union representing Canadian Pacific Railway’s employees said on Friday that negotiations with management after the company issued a lockout notice remain difficult, and the parties were still far from reaching an agreement. Canada’s second-biggest railroad operator notified the Teamsters Canada Rail Conference on Wednesday that it will lock out 3,000 engineers,…
By Sinéad Carew, Shreyashi Sanyal and Sabahatjahan Contractor (Reuters) – Wall Street’s three major indexes closed higher on Friday, with the biggest boost from recently battered technology stocks, after talks between U.S. President Joe Biden and Chinese President Xi Jinping over the Ukraine crisis ended without big surprises. Investors were also relieved by slowing gains…
SAO PAULO (AP) — A justice of Brazil’s Supreme Court on Friday ordered the shutdown of messaging app Telegram nationwide, arguing it has not cooperated with authorities. The move is a blow to President Jair Bolsonaro, who has more than 1 million followers on the platform and defends it as a key tool for his…
By David Shepardson WASHINGTON (Reuters) -A group of U.S. lawmakers led by House Oversight chair Carolyn Maloney asked Oshkosh Corp if it sought to avoid using union workers by deciding to build the next-generation U.S. Postal Service delivery vehicles in South Carolina. Maloney and three other lawmakers want documents by April 1 from Oshkosh detailing…
By Supantha Mukherjee and Toby Sterling STOCKHOLM/AMSTERDAM (Reuters) – Thousands of telecom operator Veon employees are working from bomb shelters in Ukraine and moving equipment to border areas to maintain a digital lifeline for refugees fleeing the war, the company’s chief executive said on Friday. Their work has helped some 85% of Veon’s telecom network…
NEW YORK (AP) — A second Amazon warehouse in the New York City borough of Staten Island will have a union election in April, the National Labor Relations Board said Friday. In-person voting will be held at the facility known as LDJ5 every day from April 25-29, except for April 26, an NLRB spokesperson said….
(Reuters) – Mexican airport operator Grupo Aeroportuario del Pacifico said on Friday it has refinanced its debt for $191 million, due in January and February 2024. The company said that with this refinancing, it extended the current debt for two extra years, with a new maturity in January and March 2026. It also said it signed on…
By Chibuike Oguh NEW YORK (Reuters) -Global equity markets gained on Friday after traders cheered a Russian bond payment that averted a historic sovereign default, while gold prices dropped as demand for the safe-haven metal eased following the start of the U.S. interest rate hike cycle. The Russian finance ministry announced on Thursday that it…
(Corrects to show Bayer and Novartis have pledged donations, not profits, in paragraph 17) By Richa Naidu and Jessica DiNapoli (Reuters) -Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin’s government and advocates of Ukraine pulling them…
