By Nandita Bose (Reuters) -President Joe Biden’s top labor adviser, Celeste Drake, has stepped down, according to a source with direct knowledge of the matter, as the administration attempts to maintain labor peace and avoid threatened strikes during an election year. Drake is leaving the White House to serve as the Deputy Director-General of the…
(Reuters) – An overwhelming number of business owners in the United States are looking to expand their insurance coverage amid risks ranging from climate change to cyber attacks, a study by global insurance brokerage Gallagher showed on Tuesday. Around 83% of business owners said they were either actively looking for or are very likely to…
(Reuters) – Home and small business security firm ADT said on Tuesday it will sell its commercial security, fire and life safety unit to private equity firm GTCR for $1.6 billion. ADT expects to use the net proceeds of about $1.5 billion from the deal to cut debt. Its shares rose as much as 1.3%…
By Savyata Mishra (Reuters) -Dish Network said on Tuesday it would merge with satellite operator EchoStar to create a roughly $6 billion company by reuniting billionaire Charlie Ergen’s telecom empire to tackle growing competition from larger U.S. carriers. Since spinning off EchoStar in 2008, Dish has looked to expand beyond satellite TV into streaming TV…
(Reuters) – Boeing delivered fewer airplanes in July than its European rival Airbus, as the U.S. planemaker continued to work through logistics and supply chain disruptions affecting its bestselling 737 narrowbody jet. Boeing said Tuesday it delivered 43 aircraft in July, down from the 60 planes it delivered in June and more than 20 fewer…
MILAN (Reuters) -The Italian government aims to agree a broad plan to 2030 for the country’s automotive industry with carmaker Stellantis and other groups involved by the end of this year, industry ministry sources said on Tuesday. Stellantis CEO Carlos Tavares and Industry Minister Adolfo Urso said last month they were working on a deal…
TOKYO (Reuters) -Apple and Samsung Electronics will invest in SoftBank Group-owned chip designer Arm at its initial public offering (IPO), expected in September, Japan’s Nikkei newspaper reported on Tuesday. Reuters reported in June that Arm was in talks with some ten companies – including Apple, Samsung and Intel – with the aim of bringing on…
(This Aug 4 story has been refiled to add the dropped word ‘alleged’ in paragraph 6) BUCHAREST (Reuters) – A Bucharest court ruled on Friday to release internet personality Andrew Tate from house arrest where he is awaiting trial on charges of human trafficking, placing him under judicial control, a lighter restrictive measure. “We’ve been…
(Reuters) – Former U.S. Vice President Mike Pence has qualified for the first Republican debate of the 2024 U.S. presidential campaign on Aug. 23 in Milwaukee, his campaign team said on Tuesday. Pence had initially appeared to be at risk of not making the debate, which is only open to those who have garnered the…
By Anna Mackenzie (Reuters) – Frankfurt Airport operator Fraport on Tuesday said its 2023 core profit would hit the upper half of its forecast range after second-quarter earnings were boosted by strong travel demand. Finance chief Matthias Zieschang forecast a “huge and significant” increase in Chinese passengers travelling to and from Frankfurt next year, with…
