By David Shepardson WASHINGTON (Reuters) -A U.S. Senate panel on Wednesday approved rail safety legislation that tightens rules on trains carrying explosive substances like the Norfolk Southern-operated train that derailed on Feb. 3 in Ohio, catching fire and releasing over a million gallons of hazardous materials and pollutants. The U.S. Senate Commerce Committee voted 16-11…
By Jonathan Stempel (Reuters) – Berkshire Hathaway-owned Dairy Queen is exploring options to expand in new markets, perhaps including Taiwan, the company’s CEO said, even as geopolitical concerns with China simmer. Owned by Warren Buffett’s Berkshire Hathaway since 1998, the fast-food chain counts China as its second-largest market, operating more than 1,250 stores there out…
(This May 10 story has been corrected to fix the bids closing to March 24, not March 10, in paragraph 3) (Reuters) – Blackstone Inc and Apollo Global Management were among about 20 bidders for some assets of collapsed Silicon Valley Bank, the Federal Deposit Insurance Corporation (FDIC) said on Wednesday. PNC Financial Services, Valley…
By Philip Pullella VATICAN CITY (Reuters) – Pope Francis on Thursday announced that 21 Coptic Orthodox Christians beheaded by Islamic State in Libya in 2015 are being recognised as martyrs by the Vatican. He revealed the move during a meeting with Pope Tawadros II of the Coptic Orthodox Church and said he was doing so…
By Asif Shahzad (Reuters) -Pakistan’s former Prime Minister Imran Khan was arrested on Tuesday by an anti-graft agency on corruption charges. Government officials alleged that Khan and his wife received land worth millions of dollars as a bribe from a real estate tycoon through a charitable trust. Khan and his aides have denied any wrongdoing….
By Christina Amann and Ilona Wissenbach BERLIN (Reuters) -A shooting at a Mercedes-Benz plant in the city of Sindelfingen in southwestern Germany left two men dead on Thursday, mounting pressure on Berlin to tighten the country’s already-strict gun laws. Police arrested the suspect, a 53-year-old man, who opened fire on the victims before security workers…
By Charlotte Van Campenhout AMSTERDAM (Reuters) -Amsterdam is banning fast-delivery grocery companies from setting up so-called dark stores in residential areas, the local city council decided late Wednesday, citing noise and nuisance complaints from the public. Dark stores, small distribution hubs used by burgeoning fast grocery services such as Gorillas and Getir, will only be…
By Ann Saphir (Reuters) – An extended period of high interest rates and an inverted yield curve could put more stress on banks, but would be necessary if inflation stays stubbornly high, Minneapolis Federal Reserve President Neel Kashkari said on Thursday. There is some evidence high inflation “is coming down, but so far it’s been…
HOUSTON (Reuters) – Refiner Citgo Petroleum Corp has reported first quarter net profit of $937 million on strong motor fuel demand, high margins and refining output that exceeded its plants’ listed capacity. The results, compared to a profit of $245 million in the same period last year, continued a string of strong earnings by the…
COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software development and testing, it said on Thursday, sending its shares down 5%. The company now expects to start production of the fully electric SUV in the first half of 2024, it said in a statement….
