HOUSTON (Reuters) – Nine U.S. Gulf Coast refineries exceeded the federal regulatory action level between 2018 and 2020 for pollution from benzene, which causes cancer, according to a study by the Environmental Integrity Project (EIP) released on Thursday. The nine are among 56 U.S. refineries with high benzene levels, the study said. Sixty-four percent of…
TOKYO (Reuters) – More than 10 investment funds are considering making strategic proposals, including a potential buyout, to Toshiba Corp after the Japanese conglomerate said it would solicit deal offers, national broadcaster NHK reported on Friday. Those investment funds, which include both Japanese and overseas-based funds, have already signed initial contracts, the report said. Toshiba,…
By Jane Lanhee Lee SAN FRANCISCO (Reuters) – SoftBank Group Corp’s chip technology firm Arm Ltd on Thursday reported record revenue for 2021, and Chief Executive Rene Haas told Reuters its business for new chip designs indicates a strong outlook. SoftBank plans to take the British tech company public. Regulatory hurdles stopped a deal to…
By Sheila Dang (Reuters) -Two senior Twitter leaders who oversee the consumer and revenue divisions will depart the social media company, Chief Executive Officer Parag Agrawal told employees in a memo on Thursday, in one of the biggest shake-ups at the company since billionaire Elon Musk announced he would buy it for $44 billion. Agrawal…
By Arathy Somasekhar HOUSTON (Reuters) – The volume of crude oil flowing on pipelines from the top U.S. shale field to export hubs on the U.S. Gulf Coast could surge to pre-pandemic levels by October, analysts said, signaling the end of desperate days for some Texas oil pipeline operators. The pandemic doused a shale-oil pipeline…
NEW YORK (AP) — The CEO of cryptocurrency exchange FTX has bought a 7.6% stake in Robinhood Markets, according to a filing with U.S. regulators on Thursday. Samuel Bankman-Fried said in the filing that he bought the shares thinking they were an attractive investment and that he doesn’t currently have any plans to change or…
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term earlier in the day, acknowledged for the first time Thursday that high inflation and economic weakness overseas could thwart his efforts to avoid causing a recession. For weeks, Powell has portrayed the Fed’s drive to raise interest rates…
By Elizabeth Dilts Marshall NEW YORK (Reuters) – World equities fell on Thursday to an 18-month-low, with markets dogged by fears high inflation would persist and force central banks to keep tightening monetary policy. In the United States, stocks ended a whipsaw session slightly lower, as investors juggled fears of nagging inflation with signs it…
(Reuters) – Samuel Bankman-Fried, the chief executive and founder of cryptocurrency exchange FTX, revealed a 7.6% stake in Robinhood Markets Inc on Thursday, capitalizing on the weakness of the shares of the trading app to build a position. Bankman-Fried said in a regulatory filing he did not have any intention of taking control of Robinhood….
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended a whipsaw session slightly lower on Thursday, as investors juggled signs of peaking inflation with fears that it could remain elevated, prompting ever more aggressive tightening from the Federal Reserve. All three major U.S. stock indexes seesawed and the S&P 500 came within striking distance…
