By Mike Scarcella (Reuters) -A state court in Washington on Thursday said it will extend a temporary block that has prevented Albertsons Companies Inc from paying a $4 billion dividend to its shareholders before the grocery chain closes its proposed deal with rival Kroger Co. Judge Ken Schubert of King County Superior Court set a…
SACRAMENTO, Calif. (AP) — California regulators on Thursday proposed changes to the state’s residential solar market designed to encourage more at-home battery systems that can help the electrical grid rely less on fossil fuels in the evenings, especially during heat waves. It’s the California Public Utilities Commission’s second attempt at updating the state’s incentive program…
By Katie Paul and Paresh Dave (Reuters) -Twitter’s new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. regulator and departures of senior executives viewed as future leaders. The billionaire told Twitter employees on a call that that…
WASHINGTON (Reuters) – Airlines in the United States canceled more than 1,350 flights on Thursday as Tropical Storm Nicole made landfall on the east coast of Florida, forcing airports in the region to shut. Delta Air Lines, American Airlines, Spirit Airlines and Southwest Airlines canceled more than 150 flights each, while United Airlines called off…
SANTIAGO (Reuters) -Chilean retailer Cencosud on Thursday posted a 48% drop in its third-quarter profit, the company said in a statement, as it faces rising consumer prices across the region. Cencosud’s net profit in the July to September period totaled 72.97 billion pesos ($81 million), down by nearly half from its 141.3 billion peso profit…
KYIV (Reuters) – On a crisp and sunny November morning, Ukrainian farmers lined up to collect U.N.-supplied grain sleeves to store crops over winter as the country faces a significant shortage of storing capacity caused by Russian shelling. Ukraine has said it may lack up to 15 million tonnes of regular grain storage capacity this…
(Reuters) – California’s attorney general on Thursday sued 3M Co, DuPont de Nemours Inc and several other companies to recoup the “staggering” clean-up costs from toxic pollutants known as “forever chemicals.” Attorney General Rob Bonta said the lawsuit followed a multiyear probe that found the companies marketed products containing polyfluoroalkyl and perfluoroalkyl substances (PFAS) for…
By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – With major cryptocurrency exchange FTX on the brink of collapse, some investors are beginning to question the viability of a sector already bruised by the bitcoin bubble bursting and closures of key market players. Crypto markets have come under intense pressure this year, as rising…
WASHINGTON (AP) — Embattled vaping company Juul Labs announced hundreds of layoffs Thursday as the company weathers lawsuits, government bans and increasing competition for its electronic cigarettes. Juul said it has obtained new financing to stay in business and continue operations, which includes challenging plans by the Food and Drug Administration to ban its products….
NEW YORK (AP) — The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices. FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing…
