By Akanksha Khushi (Reuters) – Abbott Laboratories has reopened its Sturgis, Michigan baby formula plant, which was shut last month due to heavy rains, a company spokesperson told Reuters on Saturday. Abbott resumed operations on July 1 and has started producing specialty baby formula EleCare. The company which has been at the center of a…
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen has canceled her visit to the Port of Yokohama during her travel to Japan next week, a Treasury Department official said on Saturday, out of deference after former Prime Minister Shinzo Abe was assassinated. Abe was fatally shot on Friday while giving a campaign speech on a…
By Dawn Chmielewski (Reuters) – Elon Musk’s arrival at the Allen & Co Sun Valley Conference delivered a jolt to the annual gathering of media and technology executives this week, where the headline-making typically happens beyond the prying eyes of the media. Musk is scheduled to be interviewed on stage Saturday at the Sun Valley…
(Reuters) – Rogers Telecommunication said on Saturday that it has restored services for the majority of its customers after a service outage at one of Canada’s biggest telecom operators shut banking, transport and government access for millions of people, adding to criticism over its industry dominance. “As our services come back online and traffic volumes…
BEIJING (Reuters) – China can consider further deficit spending by the central and local governments, if needed, to finance support for small businesses, a former finance minister said on Saturday. To spur consumption, some local governments have issued consumption vouchers, but those steps remain inadequate due to a serious decline in fiscal revenue at all…
By Tom Hals WILMINGTON, Del (Reuters) – Twitter Inc has a strong legal case against Elon Musk walking away from his $44 billion deal to acquire the U.S. social media company but could opt for a renegotiation or settlement instead of a long court fight, according to legal experts. Delaware courts, where the dispute between…
By Divya Rajagopal and Ismail Shakil TORONTO/OTTAWA (Reuters) -Rogers Telecommunications said its network was beginning to recover late on Friday after a 19-hour service outage at one of Canada’s biggest telecom operators shut banking, transport and government access for millions, drawing outrage from customers and adding to criticism over its industry dominance. Nearly every facet…
BEIJING (Reuters) – China’s factory-gate inflation cooled in June to the lowest in 15 months, as strict anti-COVID measures hit demand and global recession fears triggered a selloff in ferrous metals, while consumer inflation rose to the highest in nearly two years. The producer price index (PPI) rose 6.1% year-on-year, the National Bureau of Statistics…
(Reuters) -Suncor Energy Inc said on Friday its chief executive, Mark Little, has stepped down after a string of fatalities at Canada’s third-largest oil producer. Little was also stepping down as president and resigning from the board effective immediately, the company said in a statement https://sustainability-prd-cdn.suncor.com/-/media/project/suncor/files/news-releases/2022/2022-07-08-suncor-energy-announces-ceo-transition-en.pdf?modified=20220708225627&_ga=2.68797265.116328003.1657326315-1599808855.1657326315. Kris Smith, the company’s executive vice president of downstream…
(Reuters) – Elon Musk has said he intends to terminate his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement. Twitter said it would pursue legal action to enforce the deal. Below is a snapshot of the Twitter takeover saga. Date Development Twitter share reaction…
