By Daniel Wiessner (Reuters) – New York’s top state court on Thursday threw out claims by yellow cab operators that New York City diminished the value of their taxi licenses by failing to rein in app-based competitors like Uber Technologies Inc and Lyft Inc. The New York Court of Appeals in a unanimous ruling said…
(Reuters) – Vice Media Group (VMG) said on Thursday it will cancel popular TV program “Vice News Tonight” as part of a broader restructuring that will result in job cuts across the digital media firm’s global news business. “In response to the current market conditions and business realities facing VMG and the broader news and media…
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank could hike its benchmark interest rate as much as 10 percentage points to 91%, a source said on Thursday, as it tries to tame high inflation and steady the peso currency, which has tumbled in black market trading. With Argentina’s inflation rate running at more…
By Ankit Kumar and Divya Rajagopal (Reuters) -Newmont Corp posted first-quarter profit on Thursday that beat Wall Street expectations, as the world’s largest gold miner benefited from higher prices of the metal. Average prices of gold, considered to be a safe-haven asset, rose 7.8% and peaked at more than $2,000 per ounce during the reported…
By Arunima Kumar (Reuters) -Refiner Valero Energy Corp zoomed past quarterly profit estimates on Thursday, as margins received a boost from sustained fuel demand and tight crude supplies. Refiners have been riding a wave of favorable pricing and demand as pandemic-era closings boosted margins. Valero said its refining margins for the January-March quarter soared 84%…
By Andrey Sychev and Bartosz Dabrowski (Reuters) – Linde, the world’s largest industrial gases company, said on Thursday it sees potential to invest more than $50 billion worldwide in the next 10 years as governments turn to green energy. That includes potential investments of more than $30 billion in the United States, which the company…
By Nathan Gomes (Reuters) -U.S. car rental company Hertz Global Holdings Inc said on Thursday it was preparing for strong summer travel demand and projected a 20% jump in second-quarter revenue from the first, driving its shares up as much as 4%. U.S. carriers including Southwest Airlines Co, Delta Air Lines Inc and United Airlines…
By Kanishka Singh and Moira Warburton WASHINGTON (Reuters) – West Virginia Governor Jim Justice launched his campaign on Thursday for the Republican nomination to challenge Democratic U.S. Senator Joe Manchin, a moderate who has been a constant thorn in his party’s side. Justice, 72, has repeatedly changed parties, most recently in 2017 when he switched…
By Mica Rosenberg, Joshua Schneyer and Kristina Cooke MONTGOMERY, Alabama (Reuters) – On Nov 22, a team of state and federal labor officials conducted a surprise inspection and noticed a young-looking worker at a warehouse operated here by the logistics unit of Korean automaking giant Hyundai Motor Group. The inspectors, according to an Alabama Department…
WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives has passed a bill that pairs $4.8 trillion of spending cuts with an increase in the federal government’s $31.4 trillion debt ceiling. It has no chance of passing the Democratic-led Senate, but is meant to pressure Democratic President Joe Biden into budget talks. Following is a…
