(Reuters) – Northeast Power Coordinating Council Inc (NPCC) on Thursday said its annual reliability assessment projected the regions under its oversight will have an adequate supply to meet peak electricity demand this summer. NPCC, which oversees power grids in the U.S. Northeast and eastern Canada, forecast electricity peak demand of about 105,200 megawatts (MW) this…
(Reuters) -Icahn Enterprises said on Thursday it was planning to distribute $2 per depositary unit for the quarter ended March 31, days after short seller Hindenburg’s report sent the investment firm’s shares to more than a-decade low. Its shares rose 6% after the bell as the company said the declaration of the depositary unit was…
CHICAGO (Reuters) -JBS USA, one of biggest U.S. meatpackers, is creating an internal company to clean some of its processing plants after a private sanitation firm it employed was accused of hiring children for dangerous work. The launch shows the complexities involved in replacing Packers Sanitation Services Inc (PSSI), a firm that contracts to clean…
TAIPEI (Reuters) -Taiwan Defence Minister Chiu Kuo-cheng said on Thursday that the delivery of 66 advanced new F-16Vs from the United States has been delayed due to supply chain disruptions and the ministry was working to minimise the damage and “make up deficiencies”. The United States in 2019 approved an $8 billion sale of Lockheed…
(Reuters) – Icahn Enterprises said on Thursday that it plans to give away $2 per depositary unit for the quarter ended March 31, days after Hindenburg’s short-selling report. (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Maju Samuel)
By Nichola Groom and Moira Warburton WASHINGTON (Reuters) -The U.S. Senate on Wednesday voted to repeal President Joe Biden’s suspension of tariffs on solar panels from four Southeast Asian nations, a measure aimed at supporting the small domestic manufacturing industry. Biden has vowed to veto the legislation, which passed the House of Representatives last…
(Reuters) -The U.S. Federal Deposit Insurance Corporation is planning to exempt smaller lenders from kicking in extra money to replenish the government’s bedrock deposit insurance fund, and instead saddle the biggest banks with much of the bill, Bloomberg News reported on Thursday, citing people familiar with the matter. The FDIC is planning to release a…
By Patricia Zengerle WASHINGTON (Reuters) – Democratic and Republican U.S. senators announced legislation on Thursday authorizing President Joe Biden’s administration to negotiate a tax agreement with Taiwan, seeking to foster investment as Washington works to shore up the island against a rising China. The senators, led by Senate Foreign Relations Committee Chairman Bob Menendez and…
By Brendan Pierson (Reuters) -The Kroger Co has agreed to pay West Virginia $68 million to settle claims that it fueled the opioid epidemic through lax oversight of its pill sales, bringing the state’s years-long litigation over the opioid crisis to a close. The deal, announced Thursday by West Virginia Attorney General Patrick Morrisey, comes…
By Raphael Satter and Christopher Bing (Reuters) – Hacker sabotage has disrupted several public services in Dallas, closing courts and knocking emergency services websites offline, officials said on Thursday. Courts were closed Wednesday and will remain closed Thursday, the City of Dallas said in a series of statements posted to the web. Although the statements…
