By Michael S. Derby NEW YORK (Reuters) – NEW YORK, Feb 13 (Reuters) – Americans in January continued to expect high near-term inflation pressures and more modest ones on a longer-term basis, as they trimmed their expectations for future income gains, the New York Federal Reserve said on Monday. Respondents to the regional Fed bank’s…
By Rajesh Kumar Singh CHICAGO (Reuters) -Southwest Airlines Co is working on a series of updates and upgrades to its technology to avoid a repeat of the operational disruption the airline suffered in late December, a top executive said on Monday. Chief Information Officer Lauren Woods told Reuters that the carrier is working on improvements…
By Joseph White and David Shepardson ROMULUS, Michigan/WASHINGTON (Reuters) – Ford Motor Co on Monday announced plans to invest $3.5 billion to build an electric vehicle battery plant in Michigan, betting that making the batteries in the United States will help and Chinese partner CATL attract U.S. customers to embrace a lower-cost technology pioneered in…
BRUSSELS (Reuters) – EU antitrust regulators on Monday opened an in-depth investigation into U.S. company Viasat’s bid for British satellite rival Inmarsat on concerns the $7.3 billion deal may reduce competition in the aviation connectivity market. “At this stage, the (European) Commission is therefore concerned that by acquiring Inmarsat, Viasat may reduce competition in the…
By Blake Brittain (Reuters) – Alcon Vision LLC will pay Johnson & Johnson’s J&J Surgical Vision Inc $199 million to settle legal battles over intellectual property related to the companies’ laser eye-surgery devices, Alcon said in a press release on Sunday. Alcon said the one-time payment would resolve “various worldwide intellectual property disputes” and that…
By Alun John and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The dollar rose to a one-week high against the rate-sensitive Japanese yen in choppy trading on Monday, on market expectations that the Federal Reserve will keep monetary policy tight for longer, sending U.S. Treasury yields at the short end of the curve higher. Those expectations…
(Reuters) -Cloud communications company Twilio Inc said on Monday it was eliminating about 17% roles and closing some offices as part of a restructuring effort to focus on profitability. The move, which is the second instance of job cuts in six months, sent the company’s share up 2%. As part of the restructuring, Twilio will…
By Aftab Ahmed and Sarita Chaganti Singh (Reuters) – India’s annual retail inflation in January rose above the central bank’s upper threshold for the first time in three months, on higher food prices, vindicating last week’s hawkish monetary policy stance. India’s annual retail inflation rate rose to 6.52% in January from 5.72% in December, government…
By Richa Naidu LONDON (Reuters) -This Valentine’s Day is set to look different after a year of record food inflation that has sent up prices of everything from flowers to chocolates and dining in restaurants. COVID-era supply chain logjams and Russia’s invasion of Ukraine have meant that Britons paid a record 16.7% more for food…
By Aditya Kalra, Bharath Rajeswaran and Jayshree P Upadhyay NEW DELHI (Reuters) – India’s Adani Group sought to reassure investors on Monday as a rout in its shares continued, saying its business plans were fully-funded, its cashflows strong and it remained confident of delivering attractive returns to shareholders. Led by billionaire businessman Gautam Adani, the…
