SYDNEY (Reuters) – AGL Energy Ltd could launch a strategic review as early as Monday as doubts grow over the Australian power producer’s plans to split into two companies, the Australian newspaper reported. AGL was mulling its options on Sunday amid market speculation that breaking the company into retail and generation units may lack the…
HOUSTON (Reuters) – Striking workers at Chevron Corp’s Richmond, California, refinery voted on Saturday to ratify the latest contract offered by the company, ending a 10-week strike, said sources familiar with the vote. About 500 workers began the strike on March 21 in a dispute over pay to match the high-cost of healthcare in the…
(Reuters) – Rivian Automotive said on Friday Charly Mwangi, who helped kick-start the electric-vehicle maker’s manufacturing process, will leave the company. Mwangi, a former Tesla Inc executive, served as Executive Vice President from May 2020 at Rivian. He brought the R1T pickup truck and R1S SUV to production in late 2021. His departure comes amid…
LONDON (Reuters) – Low-cost carrier easyJet is to cancel more than 200 flights over the next 10 days due to airport delays and other restrictions, disrupting travel during the school holidays. The European airline has been hit by a string of problems since the removal of COVID restrictions led to a rebound in travel, with…
By Davide Barbuscia and Sujata Rao NEW YORK/LONDON (Reuters) – Russia is on the cusp of a unique kind of debt crisis which investors say would be a first time a major emerging market economy is pushed into a bond default by geopolitics, rather than empty coffers. Until the Kremlin launched an attack on Ukraine…
By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten monetary policy without tipping the economy into recession. All three major U.S. stock indexes…
By David Randall NEW YORK (Reuters) -Bad news may once again be good news on Wall Street, as signs of slowing U.S. growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while big misses from retail giants…
(Reuters) – Amazon.com Inc’s investor-led proposal to review its use of plastic won 49% support even as shareholders voted down all the 15 resolutions at the e-commerce giant’s annual general meeting, a regulatory filing showed on Friday. It was the only proposal that came close to reaching the 51% mark for approval. Investors opposed resolutions…
By Mike Stone WASHINGTON (Reuters) -The U.S. Army said on Friday it has awarded a contract worth $625 million to Raytheon Technologies Corp for anti-aircraft Stinger missiles in order to replenish stocks sent to Ukraine. The shoulder-fired anti-aircraft Stinger missiles made by Raytheon were in hot demand in Ukraine, where they have successfully stopped Russian…
By Jody Godoy (Reuters) – Robinhood Markets Inc has agreed in principle to settle a proposed class action filed by customers in the United States who claimed the investment app’s outages in March 2020 shut them out of trading on pandemic-related volatility. The company filed notice of the pending deal with a San Francisco federal…
