BILLINGS, Mont. (AP) — U.S. officials on Thursday adopted a rule aimed at reducing deaths and environmental damage from oil and gas pipeline ruptures — a long-delayed response to fatal explosions and massive spills that have occurred over decades in California, Michigan, New Jersey and other states. But safety advocates said the move by the…
By Alexandra Alper and Timothy Gardner WASHINGTON (Reuters) -President Joe Biden on Thursday launched the largest release ever from the U.S. emergency oil reserve and challenged oil companies to drill more in an attempt to bring down gasoline prices that have soared during Russia’s war with Ukraine. Starting in May, the United States will release…
STOCKHOLM (Reuters) – Finnish network equipment maker Nokia said on Thursday it had launched a legal challenge to a decision by the Romanian government to exclude it from selling 5G technology in the country. Last year, Romania’s centrist government approved a United States-backed bill that effectively barred China’s Huawei from taking part in its 5G…
(Reuters) – French agribusiness group InVivo has entered exclusive negotiations to merge its retail activities with 2MX Organic, an acquisition vehicle backed by French telecoms billionaire Xavier Niel, the companies said on Thursday. The planned deal is based on a 675 million euro ($748 million) enterprise value for InVivo Retail, they said. The business would…
By Joseph Nasr and Mark Trevelyan BERLIN/LONDON (Reuters) -Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Berlin said amounted to “blackmail”. Putin’s move, via a decree signed on Thursday, leaves Europe facing the prospect…
Chipmaker Micron (MU) reported results Tuesday, March 29 after the close. The company reported iQ2 results which end in February. This means MU results post before peers. This provides market participants invaluable information ahead of the primary reporting period Micron designs, manufactures, and sells memory and storage products. It provides DRAM and NAND products. NAND…
By Tim Hepher BRUSSELS (Reuters) -The boss of Irish budget carrier Ryanair raised the stakes in a feud with Boeing over jet prices by saying he could do without a long-stalled deal to buy the 737 MAX 10 – even as Boeing appeared to woo his arch-rival easyJet. The latest salvo in a dispute between…
By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) and state lender CDP are expected to start formal negotiations over a potential merger of TIM’s network assets with those of state backed Open Fiber, two sources familiar with the matter said. The negotiations would come as TIM boss Pietro Labriola presses ahead with a standalone…
By Joseph Nasr and Mark Trevelyan BERLIN/LONDON (Reuters) – Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Berlin said amounted to “blackmail”. Putin’s move, via a decree signed on Thursday, leaves Europe facing the…
By Lisa Pauline Mattackal (Reuters) – The United States is unlikely to face an economic recession in the next two years despite bond markets flashing warning signs, inflation at its highest in decades and rising geopolitical risks, portfolio managers at PIMCO and Amundi said. A closely monitored part of the U.S. Treasury yield curve briefly…
