By Ross Kerber, Arriana McLymore and Eva Mathews BOSTON/NEW YORK (Reuters) -Amazon.com Inc shareholders on Wednesday voted against all investor-led resolutions that challenged the company’s policies – including its use of plastics and certain concealment clauses in contracts – at the company’s annual meeting. A total of 15 investor resolutions were considered, including one introduced…
Amazon shareholders on Wednesday voted down a proposal calling for an independent audit of working conditions at the e-commerce behemoth’s warehouses. The proposal’s defeat at the Seattle-based company’s annual shareholder meeting came despite calls from activist groups and unions to improve labor conditions at the warehouses where customer orders are sorted, packaged and shipped. Amazon…
By Daphne Psaledakis and Karin Strohecker WASHINGTON/LONDON (Reuters) -The United States pushed Russia closer to the brink of a historic debt default on Wednesday by not extending its license to pay bondholders, as Washington ramps up pressure following Russia’s invasion of Ukraine. The U.S. Treasury Department late on Tuesday it would let lapse a license…
By Kirstin Ridley LONDON (Reuters) -Volkswagen will pay 193 million pounds ($242 million) as part of an out-of-court settlement to around 91,000 British drivers over a diesel emissions scandal that engulfed Europe’s largest carmaker in 2015. Volkswagen (VW) on Wednesday again apologised to customers in England and Wales as it pledged to rebuild trust. “The…
WASHINGTON (AP) — The president of the Federal Reserve Bank of Kansas City, Esther George, said Wednesday that she will retire in January, as required by the Fed’s mandatory retirement rules. George, who has typically supported higher interest rates to ward off inflation — a “hawk,” in Fed parlance — spent 40 years at the…
NEW YORK (AP) — Darren Walker, Ford Foundation president and preeminent connector and advocate for artists and art institutions, joined the exclusive company of global superstars like Stevie Wonder, T.S. Eliot and Meryl Streep, in receiving France’s highest cultural honor. Walker was named commander of France’s Order of Arts and Letters for his work as…
By Elizabeth Dilts Marshall NEW YORK (Reuters) – Stock markets rose and benchmark U.S. treasury yields fell on Wednesday as traders waited for news from the U.S. Federal Reserve – the world’s most influential central bank – that might shed light on the path of its policy tightening. Nerves about a global recession were jangled…
By Lucia Mutikani WASHINGTON (Reuters) – New orders for U.S.-made capital goods increased less than expected in April, suggesting businesses could be slowing their pace of spending on equipment as they confront growing headwinds from rising interest rates and tightening financial conditions. The mixed report from the Commerce Department on Wednesday followed on the heels…
There has been one common theme in first-quarter earnings reports- Shipping costs are elevated. This has been detrimental to gross margins for most companies. The Dry bulk shipping industry though has thrived. We want to put a couple of shipping names on your radar. The dry bulk industry is cyclical as it is tied so…
By David Gaffen New York (Reuters) – Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners drove processing activity to their highest level since before the coronavirus pandemic started. Brent crude futures for July rose by 48 cents to $114.03 a barrel by 10:50 a.m. EDT (1450 GMT). U.S. West Texas…
