By Erwin Seba HOUSTON (Reuters) – Exxon Mobil Corp and the United Steelworkers union (USW) have swapped proposals as they work toward possibly ending a nearly 10-month lockout by the company of Beaumont, Texas, refinery workers, Exxon said on Thursday. The company did not offer details about either offer made at a meeting on Wednesday….
By Noel Randewich (Reuters) – Shares of Tesla Inc slumped on Thursday, with smaller competitors also taking a hit after the leading electric vehicle maker warned that supply chain problems will last throughout 2022. Tesla’s stock dropped 8% and was on track for its worst one-day percentage decline since early November after the company late…
PARIS (AP) — The name Kim Jones dominated Paris fashion for a second week running as the indefatigable Briton who designs for Dior Men’s returned to the runway for his latest couture collection for Fendi. Following in the steps of the late Karl Lagerfeld at the Roman house’s creative helm is no easy task —…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices steadied on Thursday, after Brent crude earlier hit a seven-year high above $90 a barrel, as the market continued to balance concerns about tight worldwide supply with expectations that the U.S. Federal Reserve will soon tighten monetary policy. Global benchmark Brent rose 15 cents to $90.11 a…
WASHINGTON (Reuters) – The U.S. Federal Communications Commission (FCC) on Thursday voted to revoke the authorization for China Unicom’s U.S. unit to operate in the United States. (Reporting by Diane Bartz)
LONDON (Reuters) – The U.S. Federal Reserve has kicked off 2022 with a clear message: rates will rise to contain surging inflation. Other central banks have already started the rates liftoff, and even dovish ones are starting to unwind the stimulus unleashed to protect their economies from the COVID-19 pandemic. Here’s a look at where…
By Helen Coster and Eva Mathews (Reuters) – Comcast Corp is ramping up spending on its Peacock streaming service, executives said on Thursday, aiming to catch up to big media rivals in the global battle for viewers. Unlike the majority of its rivals, Peacock offers a free, ad-supported version and two paid options: a $5-per-month…
LONDON (AP) — Most coronavirus restrictions, including mandatory face masks, were lifted in England on Thursday after Britain’s government said its vaccine booster rollout successfully reduced serious illness and COVID-19 hospitalizations. From Thursday, face coverings are no longer required by law anywhere in England, and a legal requirement for COVID-19 passes for entry into nightclubs…
WASHINGTON (AP) — Marlboro-maker Altria said Thursday that its heat-not-burn cigarette, iQOS, probably won’t be back in U.S. stores for at least a year, while sales of its traditional cigarettes continued to slide. The Richmond, Virginia-based company updated investors on iQOS after being forced to pull it from the U.S. market late last year due…
(Reuters) -Apple Inc is planning a new service that will allow small businesses to accept payments directly on their iPhones without any extra hardware such as Square’s payment terminals, Bloomberg News reported on Wednesday. Currently, retailers can accept payments on an iPhone by using payment terminals connected to their iOS devices through Bluetooth, a method…
