(Reuters) -Demand for power in Texas hit a record high for a sixth time this summer on Monday as homes and business kept air conditioners cranked up to escape a lingering heat wave. The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the…
(Reuters) – The Teamsters local unions, which represent 340,000 workers at United Parcel Service, voted 161-1 on Monday to endorse the tentative agreement reached with the delivery giant on July 25. The agreement, estimated to be at $30 billion by the union, provides historic wage increases, one more paid holiday and air conditioning in the…
By Lawrence Delevingne (Reuters) -Wall Street and global stocks edged up on Monday while oil prices gained and the dollar was little changed, as traders looked ahead to corporate earnings and a key employment report due this week. The Dow Jones Industrial Average rose 0.28% to 35,560.19, the S&P 500 gained 0.15% to 4,589.15 and…
By Brad Brooks (Reuters) – Lawyers for suspended Texas Attorney General Ken Paxton on Monday asked the state Senate to dismiss all but one of the articles of impeachment against him. In two motions filed before the Texas Senate’s court of impeachment, Paxton’s attorneys argued that 19 of the 20 articles of impeachment are based…
BEIJING (Reuters) -China on Monday announced export controls on some drones and drone-related equipment, saying it wanted to safeguard “national security and interests” amid escalating tension with the United States over access to technology. The restrictions on equipment, including some drone engines, lasers, communication equipment and anti-drone systems, will take effect on Sept. 1, the…
(Reuters) -Cash-strapped U.S. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday. Yellow, formerly called YRC Worldwide, did not respond to a Reuters request for comment. Earlier this month, Yellow averted a strike by…
By David Shepardson WASHINGTON (Reuters) – A U.S. government committee on foreign investments reviewed a record number of proposed transactions in 2022, the Treasury Department said Monday. The Committee on Foreign Investment in the United States (CFIUS) said in its annual report it had reviewed 286 “covered notices” for transaction approvals last year, up from…
(Reuters) -Memory chipmaker Western Digital Corp forecast a bigger-than-expected loss in the first quarter and revenue below Wall Street targets on Monday as weak demand, mainly for its cloud business, forces it to cut production. The company said it expects its current-quarter loss to include a charge of about $200 million to $220 million for…
By Vladyslav Smilianets SOUTHERN DONETSK PROVINCE, Ukraine (Reuters) – They rode into a kill zone. The timing was off. Many men were lost. In the end, they recaptured the ruined village of Staromaiorske, claiming Ukraine’s biggest advance for weeks. Troops at the spearhead of Ukraine’s counteroffensive say a battle last week along the front in…
By Stephen Culp August 1 (Reuters) – A look at the day ahead in Asian markets from Stephen Culp, financial markets journalist. And then it was August. Asian stocks have closed the books on a July that ran fairly hot, and not just with respect to temperatures. For the month, China’s CSI 300 and the…