By David Shepardson WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said on Thursday it has opened two new special investigations into crashes involving Tesla vehicles where advanced driver assistance systems are suspected to have been in use. The new crashes under investigation include an eight-vehicle crash on Nov. 24 on the Bay…
CHICAGO (Reuters) – Tyson Foods Inc said on Thursday that it suspended and reduced operations at some of its U.S. meat facilities due to a severe winter storm hitting a vast stretch of the country. The company, which sells beef, pork and chicken, said it is in close contact with customers to minimize disruptions and…
By Lananh Nguyen, Saeed Azhar and Lawrence White NEW YORK/LONDON (Reuters) -Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes hold. Financiers face disappointment when their compensation awards land…
(Reuters) – Wall Street’s main indexes opened lower on Thursday as fresh data underscored strength in the U.S. economy and aggravated concerns over the Federal Reserve’s continued policy tightening. The Dow Jones Industrial Average fell 143.13 points, or 0.43%, at the open to 33,233.35. The S&P 500 opened lower by 25.18 points, or 0.65%, at…
By Dietrich Knauth and Andrew Goudsward (Reuters) – Bankrupt crypto exchange FTX has asked a U.S. bankruptcy judge for permission to pay its top restructuring lawyers as much as $2,165 per hour, an unusually high rate for a company that cannot afford to repay all of its debts. FTX declared bankruptcy on Nov. 11, collapsing…
By David Shepardson and Aishwarya Nair WASHINGTON (Reuters) -Airlines canceled more than 2,000 U.S. flights, disrupting holiday travel for thousands, as a powerful winter storm hit the United States. The extreme weather coincided with the start of a holiday travel season that could be one of the busiest ever. The Federal Aviation Administration said Thursday…
By Andres Gonzalez and Pablo Mayo Cerqueiro LONDON (Reuters) – Private equity funds are rethinking how they pull off large deals after a 40.4% contraction in global buyout activity amid a shortage of debt financing caused by rising interest rates and banks’ reluctance to open their money taps. Blackstone’s acquisition of Emerson’s Climate Technologies business…
By Alexander Marrow, Elena Fabrichnaya and Maria Kiselyova MOSCOW (Reuters) -The Bank of Russia on Thursday agreed to sell bailed-out Otkritie Bank to the country’s No.2 lender, state-owned VTB, for 340 billion roubles ($4.7 billion), in a deal expected to close by the end of the year. The transaction consists of 233 billion roubles in…
MOSCOW (Reuters) – Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price cap and an EU embargo on Russian oil took effect, according to traders and Reuters calculations. Traders said Russia has been unable to fully redirect Urals exports from…
By Shadia Nasralla LONDON (Reuters) -Oil prices climbed for a fourth straight day and hit their highest in two and a half weeks on Thursday with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States. Brent crude futures gained $1.17, or 1.4%, to trade at…
