TOKYO (Reuters) -Japan’s government warned on Saturday that new electric vehicle tax credits in the United States could ultimately deter further investment by the Japanese there and hit employment in the world’s biggest economy. In a comment submitted to the U.S. Treasury Department, the government raised a number of concerns about the tax credits in…
Nike has suspended its relationship with Kyrie Irving and canceled its plans to release his next signature shoe, the latest chapter in the ongoing fallout since the Brooklyn Nets guard tweeted a link to a film containing antisemitic material. The shoe giant announced Friday night that it will halt its relationship with Irving, who has…
TOKYO (Reuters) – Japan’s Honda Motor Co unveiled the second model of its new China-only electric vehicle (EV) lineup on Saturday, targeting the fast-growing, battery-driven car segment in the world’s largest auto market. The Japanese automaker said last year it planned to roll out EV models under a new brand called “e:N Series” over the…
(Reuters) -An arbitrator on Friday reaffirmed Fox Corp’s right to acquire a nearly one-fifth stake in FanDuel, settling a longstanding dispute with the betting app’s owner, Flutter Entertainment Plc. The New York-based Judicial Arbitration and Mediation Services tribunal ruled that Fox has a 10-year option to acquire an 18.6% stake of FanDuel for $3.7 billion….
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed higher on Friday in volatile trade to snap a four-session losing streak as investors wrestled with a mixed jobs report and comments from Federal Reserve officials on the pace of interest rate hikes. The S&P 500 and the Nasdaq each rose as much as 2%…
(Reuters) – The Contra Costa County District Attorney on Friday said it has reached a settlement with Chevron Corp over a diesel spill into the San Francisco Bay from the company’s 245,271 barrel-per-day Richmond, California refinery last year. Officials did not release financial details of the settlement, and Chevron was not immediately unavailable for comment….
By Sheila Dang, Katie Paul and Paresh Dave (Reuters) -Twitter Inc started a major round of layoffs on Friday, alerting employees of their job status by email after barring the entrances to offices and cutting off workers’ access to internal systems overnight. The move follows a week of chaos and uncertainty about the company’s future…
By Lindsay Dunsmuir and Michael S. Derby (Reuters) – Four Federal Reserve policymakers on Friday indicated they would still consider a smaller interest rate hike at their next policy meeting, despite new data showing another month of robust job gains and only small signs of progress in lowering inflation. The United States added 261,000 jobs…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar slumped on Friday after the U.S. nonfarm payrolls report for October showed the world’s largest economy created more new jobs than expected, but also flashed signs of slowdown with the higher unemployment rate and lower wage inflation. The greenback initially rose immediately after the data, but…
By Ann Saphir (Reuters) – It is time for the Federal Reserve to shift to smaller interest rate hikes to avoid tightening monetary policy more than needed, and slow the pace further once risks become more “two-sided,” Chicago Fed President Charles Evans said on Friday. “From here on out, I don’t think it’s front-loading anymore,…
