By Anirban Sen and Tom Hals (Reuters) – Billionaire Elon Musk is proposing to proceed with his original $44 billion bid to take Twitter Inc private, security filings showed on Tuesday, calling for an end to a lawsuit by the social media company that could have forced him to pay up, whether he wanted to…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc said on Tuesday it will remove ultrasonic sensors from its vehicles starting this month, as it moves ahead with using only cameras in its safety and driver-assistant features. Tesla vehicles now have 12 ultrasonic sensors on the front and rear bumpers, and short-range sound sensors are…
Elon Musk’s monthslong tussle with Twitter took another twist Tuesday when the Tesla billionaire seemed to return to where he started in April — offering to buy the company for $44 billion. But it’s not over yet. Twitter says it intends to close the deal at the agreed-upon price, but the two sides are still…
By David Shepardson WASHINGTON (Reuters) – A trade group representing major U.S. airlines rebuffed a request by 70 U.S. lawmakers to voluntarily extend a expired prohibition on stock buybacks that was a condition of U.S. government COVID-19 payroll assistance. Representative Peter DeFazio, a Democrat who chairs the House Transportation and Infrastructure Committee, led a group…
OMAHA, Neb. (AP) — Another union has approved the deal it made with the major freight railroads last month that helped prevent a strike to secure 24% raises and $5,000 in bonuses for the workers it represents. The American Train Dispatchers Association said Tuesday that 64% of its roughly 1,600 members approved the deal with…
By Sabrina Valle (Reuters) -Exxon Mobil Corp on Tuesday signaled third quarter operating profits will cool from the second quarter’s all time high as oil prices, refining and chemical margins pulled back from the previous period, according to a securities filing. The largest U.S. oil producer issued a snapshot of factors affecting third quarter results…
By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks and oil on Tuesday posted strong gains for a second straight day while U.S. Treasury yields slid as investors wondered if global efforts by central banks to fight inflation may ease in the future. A new report showing shrinking U.S. job openings, a weaker read of U.S. manufacturing…
By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks and oil extended a comeback into a second straight day while U.S. Treasury yields slid on hopes that global efforts by central banks to fight inflation may ease in the future. A new report showing U.S. job openings dropping, a weaker read of U.S. manufacturing data, and a…
By Noel Randewich (Reuters) -Shares of Tesla Inc pared early gains while Twitter Inc surged on Tuesday after reports that billionaire Elon Musk proposed to go ahead with his takeover of the social media platform at $54.20 per share. Twitter jumped almost 13% to $47.93 before the stock was halted after a report from Bloomberg…
WASHINGTON (AP) — Devastated by Russia’s invasion eight months ago, the Ukrainian economy will plunge 35% this year, the World Bank forecast Tuesday. The war has destroyed factories and farmland and displaced millions of Ukrainians. The World Bank, a 189-country anti-poverty agency, estimates that rebuilding the country will cost at least $349 billion, 1.5 times…
