Crews are beginning to repair — and in some cases, rebuild — Florida’s power grid after the state was pummeled by Hurricane Ian. Florida Power & Light says it stockpiled enough poles, generators and wire to do the work. But power-industry officials warn that kinks in the nation’s supply chain could slow the recovery if…
(Reuters) -Walt Disney Co on Friday announced a truce with activist investor Third Point, saying it would appoint tech and media veteran Carolyn Everson to the board with the support of the shareholder. The hedge fund, led by billionaire investor Daniel Loeb, said in August it planned to push the entertainment and media conglomerate to…
(Reuters) – Patrick Orlando, the head of the blank-check acquisition firm that has agreed to take Donald Trump’s social media company public, on Friday urged Donald Trump and Trump Media boss Devin Nunes to promote an upcoming vote to extend the merger deadline. The shell company, Digital World Acquisition Corp, earlier this month failed to…
By John McCrank NEW YORK (Reuters) – The former chief risk officer of defunct investment adviser Infinity Q Capital Management LLC agree to settle charges of misconduct related to a fraudulent scheme to inflate the value of assets the firm advised by more than $1 billion, securities regulators said on Friday. Scott Lindell failed to…
By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) -In a year of wild market swings, the third quarter of 2022 was a time when events took a truly extraordinary turn. As the Federal Reserve ratcheted up its monetary policy tightening to tame the worst inflation in decades, U.S. Treasury yields shot to their…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices dipped on Friday in choppy trading but notched their first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, fell 53 cents, or 0.6%,…
Federal officials say Boeing has completed little of the work necessary to certify new versions of its 737 Max jetliner by a year-end deadline, and the aircraft maker is lobbying Congress for more time. If the Federal Aviation Administration does not certify the planes by year end, Boeing would be required under a 2020 law…
(Reuters) -Marlboro maker Altria Group Inc said it had exercised the option to be released from its non-compete deal with Juul Labs Inc, nearly four years after buying a 35% stake in the e-cigarette maker that was then at the zenith of its popularity. Altria is looking to permanently terminate its non-competition obligations to Juul,…
By Ankika Biswas and Shreyashi Sanyal (Reuters) -The Nasdaq index rose on Friday as Tesla gained on its plans to sharply increase production, even though resilient core inflation added to worries of big interest-rate hikes denting a rise in consumer spending. Shares of the electric-vehicle maker gained 1.04% after Reuters reported its plans to push…
Does the thought of dealing with your debt make you want to go back to bed? More than 1 in 5 Americans (22%) are likely to put off creating a debt payoff plan, according to a June 2022 survey from NerdWallet conducted online by The Harris Poll. That’s a lot of procrastination, and it’s no…
