TOKYO (Reuters) – Automakers Renault and Nissan are set to forgo an announcement on Dec. 7 of a new deal on their restructured alliance as they struggle to bridge their differences, Japanese TV network JNN reported on Friday. Both sides are involved in discussions to restructure their alliance. Renault is looking to Nissan to invest…
By Jessica DiNapoli and Jonathan Stempel NEW YORK (Reuters) – Unilever plc asked a U.S. judge to dismiss a lawsuit by Ben & Jerry’s over the sale of its Israeli ice cream business, saying the subsidiary’s “insistence on taking sides” in the Israeli-Palestinian conflict gives its board no authority to stop or even sue over…
(Reuters) – Emmanuel Macron said he had a “clear and honest” discussion with Twitter owner Elon Musk about the social media platform’s content moderation policies, just a day after the French president had flagged his concerns on the issue. “Transparent user policies, significant reinforcement of content moderation and protection of freedom of speech: efforts have…
By Jan Strupczewski, Kate Abnett, David Lawder and Andrea Shalal WASHINGTON/BRUSSELS (Reuters) -The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day….
(Reuters) -More than 1,000 union employees at the New York Times Co have pledged to walk out if the news publisher does not agree to a “complete and equitable contract” by Dec. 8, according to a tweet by the union on Friday. The NYT NewsGuild has sought wages that “keep up with inflation” as well…
By Sinéad Carew NEW YORK (Reuters) – U.S. Treasury yields were lower and Wall Street’s benchmark S&P 500 ended down but well above the day’s lows on Friday as investors digested a stronger than expected jobs report, which had raised concerns about the Federal Reserve’s ability to slow rate hikes. The U.S. Labor Department reported…
NASHVILLE, Tenn. (AP) — The nation’s largest public utility on Friday recommended replacing an aging coal burning power plant with natural gas, ignoring calls for the Tennessee Valley Authority to speed its transition to renewable energy. TVA announced the completion of its environmental impact statement for replacing the Cumberland Fossil Plant near Cumberland City, Tennessee….
By Michael S. Derby (Reuters) – Persistently massive inflows of cash into a key Federal Reserve facility are in large part being driven by a bank liquidity regulation change from last year, a report from the New York Fed said Friday. The Fed’s facility offers what are called reverse repos, which allow eligible firms to…
WASHINGTON (AP) — For nearly nine months, the Federal Reserve has relentlessly raised interest rates to try to slow the U.S. job market and bring inflation under control. And for just as long, the job market hasn’t seemed to get the message. The November employment report the government issued Friday was no exception. Employers added…
(Reuters) – Canadian Imperial Bank of Commerce (CIBC) said on Friday it would appeal a New York court’s ruling in a lawsuit brought against the bank by an entity of U.S. private equity firm Cerberus Capital Management. Cerberus had alleged that CIBC defaulted on certain payments and is seeking damages of $1.067 billion. CIBC said…
