DEARBORN, Mich. (AP) — A parts shortage that has thousands of Ford’s most-profitable vehicles sitting on lots waiting to be fully assembled has forced the automaker to slash its third-quarter earnings forecast. Ford said Monday that it expects to have 40,000 to 45,000 unfinished vehicles on its hands when the quarter ends Sept. 30. Most…
By Juliette Portala (Reuters) – The Net Zero Asset Owner Alliance (NZAOA) said on Tuesday that nearly two thirds of its members had set short-term goals to cut portfolio emissions in line with capping global warming at 1.5 degrees Celsius as “the clock is ticking” on climate change. NZAOA, which is composed of 74 investors…
OMAHA, Neb. (AP) — JBS has agreed to pay $20 million to settle a lawsuit with consumers that accused the giant meat producer of conspiring with other meat companies to inflate the price of pork. The latest meat-industry settlement will likely reinforce concerns that the White House, members of Congress and trade groups have raised…
By David French (Reuters) – Wall Street’s main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week’s policy meeting at the Federal Reserve and how aggressively it will hike interest rates. Even more so than the Ukraine war or corporate earnings, the actions of the U.S. central bank…
WASHINGTON (Reuters) -A U.S. judge on Monday denied the Justice Department’s request to stop UnitedHealth Group from buying Change Healthcare, according to a court filing. Change’s shares rose 7% after the close of trading. The Justice Department filed a lawsuit in February aimed at stopping the $8 billion acquisition, saying the deal would give the…
NEW YORK (AP) — Video game producer Rockstar Games said Monday that early development footage from the next version of its popular title Grand Theft Auto was stolen in the hack of its network. Someone claiming to be the hacker, posting on Telegram, dumped 90 video clips from the theft online on Sunday and claimed…
(Reuters) – Zendesk Inc shareholders have approved a $10.2 billion planned acquisition of the software maker by a group of private equity firms led by Hellman & Friedman and Permira, the company said on Monday. The company in June agreed to be taken private in a deal that would be see investors receive $77.50 per…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose against major currencies on Monday, trading within narrow ranges, ahead of a slew of central bank meetings this week led by the Federal Reserve, which is likely to raise interest rates by another 75 basis points (bps). Volume was light overall, with markets in London…
By Ebru Tuncay and Jonathan Spicer ISTANBUL (Reuters) -Turkish lenders Isbank and Denizbank have suspended use of Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine. The moves, announced separately, came after Washington expanded its sanctions last week…
By Karen Brettell NEW YORK (Reuters) – Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the Federal Reserve will hike rates higher and for longer than previously expected as inflation remains near multi-decade highs. Data last week showed higher-than-expected consumer prices in…
