By David Shepardson WASHINGTON (Reuters) -Delta Air Lines said on Wednesday it plans to restore flight privileges to about 2,000 customers who were barred from flights after failing to comply with mask rules. The Biden administration on Monday said it would no longer enforce a U.S. mask mandate on public transportation and airlines after a…
By Ana Mano SAO PAULO (Reuters) – Brazil’s ABPA, a lobby group representing large pork and chicken processors like JBS SA and BRF SA, said on Wednesday its member companies are facing difficulties shipping products through the Port of Shanghai. The statement, sent in response to a question from Reuters about the effects of the…
BOSTON (Reuters) – Proxy advisory firms Glass Lewis and Institutional Shareholders Services urged investors in healthcare real estate trust Ventas Inc to back management’s director candidates and reject activist investment firm Land & Buildings’ effort to win one board seat. Land & Buildings’ founder Jonathan Litt nominated himself as a director candidate, arguing that poor…
(Corrects Brent market movement in paragraph 2; fell, not rose) By Laura Sanicola (Reuters) -Oil settled nearly unchanged on Wednesday as broader concerns about economic growth and oil demand stagnation weighed against tightening supplies. Brent crude futures fell 45 cents, or 0.4 %, to settle at $106.80 a barrel. The front-month WTI crude futures contract,…
OMAHA, Neb. (AP) — CSX railroad struggled to keep up with demand in the first three months of the year but still managed to deliver 22% more profit thanks to higher shipping rates offsetting a slight decline in the number of shipments it handled. The Jacksonville, Florida-based railroad said Wednesday it earned $859 million, or…
By Jonathan Stempel (Reuters) -Elon Musk will not be subjected to a “gag order” preventing him from discussing a lawsuit claiming he defrauded Tesla Inc shareholders by tweeting in 2018 about taking his electric car company private, a federal judge ruled on Wednesday. U.S. District Judge Edward Chen in San Francisco agreed with Musk and…
By Dawn Chmielewski and Tiyashi Datta (Reuters) – Netflix Inc’s plans to get tough on account sharing failed to reassure Wall Street that the world’s largest streaming video company had found a way to spark new growth. The company’s stock was down 36% in trading Wednesday, a day after Netflix said it would ask subscribers…
CHICAGO (AP) — United Airlines reported Wednesday that it lost $1.38 billion in the first quarter of 2022 but said it expects to return to profitability in the current three-month period as post-pandemic travel ramps back up. The Chicago-based airline posted revenue of $7.67 billion in the quarter that ended March 31. That was down…
DETROIT (AP) — Tesla reported Wednesday that its first-quarter net earnings were over seven times greater than a year ago, powered by strong sales despite global supply chain kinks and pandemic-related production cuts in China. The electric vehicle and solar panel company made a record $3.32 billion from January through March. Excluding special items such…
By Jessica DiNapoli NEW YORK (Reuters) – Household goods maker Procter & Gamble Co said in a securities filing on Wednesday that it may not be able to stay in business in Russia because of sanctions, restrictions on financial institutions, supply challenges and monetary controls. P&G and many of its competitors scaled back their business…
