By David Shepardson WASHINGTON (Reuters) – United Auto Workers (UAW) union President Shawn Fain on Friday harshly criticized the U.S. Energy Department plan to lend $9.2 billion to a joint venture of Ford Motor and South Korea’s SK On to build three U.S. battery plants. Fain called the loan a massive “giveaway” with “no consideration…
By David Shepardson WASHINGTON (Reuters) – United Auto Workers (UAW) union President Shawn Fain on Friday harshly criticized the U.S. Energy Department plan to lend $9.2 billion to a joint venture of Ford Motor and South Korea’s SK On to build three U.S. battery plants. Fain called the loan a massive “giveaway” with “no consideration…
By Dietrich Knauth NEW YORK (Reuters) – A group of media organizations on Friday appealed a court decision that allows collapsed crypto exchange FTX to keep customer names secret during its bankruptcy case. U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, ruled earlier this month that FTX did not have to reveal its customers’ names…
BERLIN (Reuters) – Germany aims to purchase 60 Chinook helicopters from Boeing in a package that would cost up to 8 billion euros ($8.71 billion), including necessary infrastructure for the aircraft, a parliamentary source told Reuters on Friday. The sum includes the procurement of the CH-47 heavy-lift helicopters for 6.27 billion euros, 700 million euros…
By Vivian Sequera CARACAS (Reuters) – Former lawmaker and engineer Maria Corina Machado, ex-presidential candidate Henrique Capriles and at least five others will run in an October opposition primary in Venezuela, the first since 2012 as the opposition seeks to unseat President Nicolas Maduro in an election next year. Popular Will party opposition figure Freddy…
By Caroline Valetkevitch NEW YORK (Reuters) – Forecasts for second-quarter U.S. earnings still look gloomy after a much-better-than-feared first quarter season as the likelihood of further interest rate hikes this year creates more potential risks for companies. Analysts expect earnings for S&P 500 companies to fall 5.6% in the second quarter from a year ago,…
By Leah Douglas (Reuters) – The U.S. Department of Agriculture will spend $502 million to ensure its rapid response to any future bird flu cases as the country’s worst-ever outbreak of the virus levels off, the agency said Friday. Bird flu has killed 58.7 million chickens, turkeys, and other birds across 47 states since January…
(Reuters) – Spirit AeroSystems Inc said it will meet with the U.S. machinists union on Saturday to continue negotiations for a new contract, after workers rejected a proposed four-year deal and announced a strike. Shares of Spirit were up 4.8% in afternoon trade on Friday. The company, a crucial supplier for aerospace heavyweights Boeing and…
(Reuters) – Spirit AeroSystems Inc said it will meet with the U.S. machinists union on Saturday to continue negotiations for a new contract, after workers rejected a proposed four-year deal and announced a strike. Shares of Spirit were up 4.8% in afternoon trade on Friday. The company, a crucial supplier for aerospace heavyweights Boeing and…
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for an eighth week in a row for the first time since July 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday. The oil and gas rig count, an early indicator of…
