SAO PAULO (Reuters) -The new board of directors of Brazilian power company Eletrobras on Friday chose former CEO Wilson Ferreira Junior to return to the job and elected former Petrobras CEO Ivan Monteiro as chairman of the board of directors, the company said in a statement. Shareholders also appointed a new board of directors for…
SAO PAULO (Reuters) -The board of directors of Brazilian power company Eletrobras on Friday elected Wilson Ferreira Junior as its new chief executive and Ivan Monteiro as chairman of the board of directors. The elections follow shareholders’ appointment of a new board of directors for the newly privatized utility earlier on Friday. Ferreira will take…
SAO PAULO (Reuters) – The board of directors of Brazilian power company Eletrobras on Friday elected Wilson Ferreira Junior as its new chief executive and Ivan de Souza Monteiro as the chairman of the board of directors. (Reporting by Gabriel Araujo; Writing by Brendan O’Boyle; Editnig by Kim Coghill)
By David Shepardson WASHINGTON (Reuters) -Most electric-vehicle models would be ineligible for a $7,500 tax credit for U.S. buyers under a Democratic proposal in the U.S. Senate, a group of major automakers said on Friday. Automakers have been privately expressing concern about the proposal’s increasing requirements for vehicles’ batteries and critical-mineral contents to be sourced…
WASHINGTON (Reuters) – A group representing General Motors, Toyota Motor, Volkswagen and other major automakers warned late on Friday that a U.S. Senate Democratic proposal to revamp the $7,500 electric vehicle tax credit would make most models ineligible. Automakers have been privately warning that the proposal’s requirements for battery and critical mineral sourcing would make…
A vulnerability in Twitter’s software that exposed an undetermined number of owners of anonymous accounts to potential identity compromise last year was apparently exploited by a malicious actor, the social media company said Friday. It did not confirm a report that data on 5.4 million users was offered for sale online as a result but…
(Reuters) – Digital World Acquisition Corp, the blank-check company taking former U.S. President Donald Trump’s Truth Social app public, on Friday announced a special meeting of shareholders to approve an extension to the cut-off date to complete the merger. “While we are using our best efforts to complete the Business Combination as soon as practicable,…
(Reuters) -Global ratings agency Moody’s cut Italy’s outlook to “negative” from “stable” on Friday, weeks after Prime Minister Mario Draghi’s resignation shook the country’s political landscape. Draghi, dubbed “Super Mario” due to his long career as a financial problem solver, had helped shape Europe’s tough response to Russia’s invasion of Ukraine and had boosted the…
By Stephen Culp NEW YORK (Reuters) – The S&P 500 headed lower, Treasury yields advanced and the dollar rose on Friday after the U.S. July employment report blasted past expectations, raising the odds of continued monetary tightening from the Federal Reserve. Wall Street pared losses as the session progressed. At close, the Nasdaq joined the…
WASHINGTON (Reuters) – Meta Platforms, the parent of Facebook which is making a big play for virtual reality, has agreed to delay closing its deal for Within Unlimited, maker of the popular fitness app “Supernatural,” according to a court filing. The Federal Trade Commission had filed a lawsuit seeking to stop the deal in July,…
