By David Shepardson and Hyunjoo Jin WASHINGTON/SAN FRANCISCO (Reuters) -Senator Elizabeth Warren, a longtime critic of Tesla Inc boss Elon Musk, on Monday raised concerns that the automaker’s board had failed to address the risks posed by his role as CEO of Twitter. Musk’s $44 billion takeover of the social media platform in October has…
By Chris Taylor NEW YORK (Reuters) – When Jenny Rosenberger’s daughter started thinking about college, she felt what a lot of parents in America do: Totally overwhelmed. The senior vice president for Bank of America in Newark, Delaware, took one look at the application process – with its mountains of options, paperwork, and opaque admissions…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Bank of Japan delivers the last G7 central bank policy decision of the year on Tuesday, and those hoping that a traditional dose of BOJ dovishness will ease the selling pressure currently slamming world markets may be…
HOUSTON (Reuters) – Refiner Citgo Petroleum is on track for a $2.5 billion profit this year, which it plans to use for repaying debt and invest in the reliability of its operations, the board that supervises the Houston-based company said on Monday. Citgo, owned by Venezuela’s state company PDVSA but controlled by an interim government…
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) on Monday issued the airworthiness criteria that Archer Aviation will need to meet for its M001 air taxi to be certified for use. The FAA released the criteria for public comment of Archer’s electric vertical takeoff and landing (eVTOL) aircraft. The release comes after the…
(Reuters) -Honeywell International Inc. on Monday said it has agreed to pay about $200 million to settle criminal and civil corruption investigations in the United States and Brazil. The U.S. Justice Department and Securities and Exchange Commission (SEC) commission each announced the resolution to parallel investigations relating to bribes that Honeywell paid between 2010 and…
By Sruthi Shankar and Johann M Cherian (Reuters) – U.S. stock indexes fell on Monday, led by shares of Tesla and other megapcap companies, as investors feared that the Federal Reserve’s monetary policy tightening campaign could push the U.S. economy into a recession. The main U.S. benchmarks have sold off sharply in December, putting them…
By Kate Abnett and Jan Lopatka BRUSSELS (Reuters) – European Union nations’ energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The cap is the 27-country EU’s latest attempt to lower high…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators confirmed a fifth Takata air bag inflator crash death in 2022 and reiterated urgent calls for owners to get repairs. Chrysler-parent Stellantis and the National Highway Traffic Safety Administration said they had confirmed a third Takata air bag inflator death. Over the last decade, more than…
By Nivedita Balu (Reuters) -Twitter users voted in a poll for Elon Musk to step down as chief executive of the social media platform, in a backlash against the billionaire less than two months after he took over. About 57.5% votes were for “Yes”, while 42.5% were against the idea of Musk stepping down as…
